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Tex · 06-04-2008, 05:22 PM

Estimates:

ANWR: between 600 million and 10 billion barrels
Florida coast: potentially 500 billion barrels, north Cuba Basin may contain 4.6 billion barrels alone
Montana Bakken: between 4 and 400 billion barrels

Average annual US oil imports: 4 billion / year

This doesn't take into accounts costs of sinking wells, extraction, time to market, and the possibility that today's technology cannot extract some portion of it. But when I worked for Exxon years ago, one of the things they told us during initial orientation was that more oil deposits are discovered each year than the US produces. Not all of them are immediately extractable, but they are located and marked for future technology.

Don't tell me America can't be "oil independent" if the environmentalist wackos would just get out of the way.

06-04-2008, 05:22 PM	#1
Tex Senior Member Join Date: Dec 2006 Posts: 8,596	Oil in America Estimates: ANWR: between 600 million and 10 billion barrels Florida coast: potentially 500 billion barrels, north Cuba Basin may contain 4.6 billion barrels alone Montana Bakken: between 4 and 400 billion barrels Average annual US oil imports: 4 billion / year This doesn't take into accounts costs of sinking wells, extraction, time to market, and the possibility that today's technology cannot extract some portion of it. But when I worked for Exxon years ago, one of the things they told us during initial orientation was that more oil deposits are discovered each year than the US produces. Not all of them are immediately extractable, but they are located and marked for future technology. Don't tell me America can't be "oil independent" if the environmentalist wackos would just get out of the way.