Posted by Bob on April 15, 2008 at 21:20:35 from (69.178.228.68):
In Reply to: Re: O/T Vegatable oil posted by Bob Huntress on April 15, 2008 at 20:23:46:
Have you guys seen this:
"OIL... lots and lots f OIL!
The USGS said in in its press release that its new Bakken estimate is larger than all of its other oil assessments of the lower 48 states and is the largest "continuous" oil accumulation it has ever assessed. It said a "continuous" oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences. The next largest continuous oil accumulation in the U.S. is in the Austin Chalk of Texas and Louisiana, with an estimate of 1 billion barrels of technically recoverable oil.
Experts figure it will yield 270 million to 500 billion barrels of oil over its lifetime, which could make the roughly 60 billion barrels of oil of the famed North Slope of Alaska look like a child's mud puddle."
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