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Politics : Politics for Pros- moderated

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To: Tom Clarke who wrote (257582)	7/12/2008 11:35:41 PM
From: Snowshoe	Read Replies (2) of 793964

>>But ANWR could turn out 876,000 barrels of oil a day, DOE says, with reserves at a median estimate at 10.4 billion barrels. Some forecasts are as high as 16 billion, said John Cogan, an industry attorney at McDermott, Will & Emery in Houston. "The geological data are pretty old and most of the information we have is derived from older technology," he said.<< The USGS ANWR oil reserve estimates are based on old 2-D seismic data collected in 1984/85, plus data from nearby wells drilled outside the boundaries. This article suggests that a modern 3-D seismic survey is needed, and hints that oil companies might be reluctant to even bid on ANWR leases without data from further seismic testing... Arctic riddle: How much oil is there? Interests clash when assessing Alaska's untapped crude marketwatch.com

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