Archive for the ‘Our Oil Potential’ Category
I was totally shocked today when I heard that the President opened some areas for oil drilling. It’s about time! With all of the foreign countries drilling and taking our oil we have to get there quickly to try to become self sufficient regarding power.
Now, let’s see what happens. Would it surprise me if after the November elections the President reverses himself? No.
But for now, 1 point to the President.
Chevron-Led Team Discovers Billions of Barrels in Gulf of Mexico’s Deep Water
The Jack No. 2 test well lies about 175 miles off the Louisiana coast and is half-owned by Chevron. The other half is split between Devon Energy and Statoil.
By Steven Mufson
Washington Post Staff Writer
Wednesday, September 6, 2006
An oil discovery by Chevron Corp. has bolstered prospects that petroleum companies will be able to tap giant reserves that lie far beneath the deep waters of the Gulf of Mexico.
Check out the entire article here.
Seems there is more oil around here to add jobs, bolster the economy and improve our security.
3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—
Released: 4/10/2008 2:25:36 PM by the USGS (United States Geological Survey)
There is an email flying around talking about Trillions of barrels of oil in the north part of our country. Upon some investigation the actual amount is only (only?) 3-4.3 billion barrels.
Perhaps some of that could help get away from Foreign Oil usage AND produce some long term jobs and make our country’s more secure.
Here is the USGS page.