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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (257632)	7/12/2008 11:52:43 PM
From: LindyBill	Read Replies (1) \| Respond to of 793964

How much oil is there? Nobody knows. Not even after they drill. We have some fields in the south that are filling back up on their own. Most of the oil in the world is run by the local Govs. And you know the rulers involved don't have a clue. Their only interest is how much they can extract in graft from the oil sales. I am surprised that no one has taken up the cudgel of: "take the oil back from the goat herders in the ME who stole it from us!"

To: Snowshoe who wrote (257632)	7/13/2008 10:53:02 AM
From: greenspirit	Read Replies (2) \| Respond to of 793964

Here is an updated report from 1998. The new assessment involved 3 years of study by 40 USGS scientists, who coordinated work with colleagues in other Federal agencies, Alaska State agencies, and several universities. New field studies were conducted, new well and sample data were analyzed, and new geophysical data were acquired. Perhaps most importantly, all 1,400 miles of seismic data that had been collected by a petroleum-industry consortium in 1984 and 1985 were reprocessed and reinterpreted. Results: The total quantity of technically recoverable oil within the entire assessment area is estimated to be between 5.7 and 16.0 billion barrels (95-percent and 5-percent probability range), with a mean value of 10.4 billion barrels. Technically recoverable oil within the ANWR 1002 area pubs.usgs.gov