Until this week, best geological oil reserves estimates indicated that the United States sits at the top of just 3 percent of the remaining oil in the world. Today, there is reason to believe that the lean projection was too optimistic.
One of the most promising land areas for oil has been the Reserve-Alaska National oil (NPRA). located on the northern slope of the Western Alaska Prudhoe Bay, massive NPRA has been estimated to hold 10.6 billion barrels of oil and 53 billion feet of natural gas.
This week, the U.S. Geological Survey (USGS), after having analysed the new data in three dimensions and more than 30 wells exploration seismic surveys published an estimate on the amount of "discover" oil and gas which is likely to be found in the NPRA. Results could make the "drill, baby, drill" crowd "Cree,." baby cry
The USGS is estimated only $ 896 million barrels of conventional oil unknown can be found under the NPRA, approximately 10 percent of the estimate of 2002.This amount is sufficient to provide the United States at its rate of consumption for a whopping 45 days.
This not only highlights the urgent need to save energy and reduce our dependence on heavy oil and other fossil fuels finished, it should also be a story to those who dream of oil rigs in Arctic National Wildlife Refuge dancing in their heads.
The amount estimated oil sitting under shelter - coastal plain and the feet of 400,000 caribou who prance in each summer - a Tundra ranged from 4.3 to 11.8 billion barils.Que wide ranging estimation is based primarily on some old seismic testing in the 1980s.
In 1986, a consortium led by Chevron cast the only test well, nicknamed CCI - 1, never drilled in the sanctuary of Arctic .the consortium surveyed 1,500 feet in one of the most promising and has endeavoured to keep the results of this test, super well, secret.
Yet, over the years, several sources anonymous familiar with well said is basically a hole in the dry.
While the band "drill, baby, drill"-including the delegation of the Congress of Alaska and Sarah Palin - as in the entire slope North of Alaska and the sanctuary of the Arctic as Saudi Arabia America, oil, the truth is that he holds much less oil than these advocates drilling would have us believe.
They want to bury their heads in the permafrost, ignore the geological realities and highlight America's energy future for little more than their own baseless and fanciful notions.
Every day our country's leaders and the public are distracted by unrealistic expectations regarding national reserves, the slower that we need alternative energy sources and technologies needed to fuel our future - enrich more us our enemies and endanger our security evolution American oil ravaging our environment and coin ever more closely to the economic ruin.
It is time to wake up.
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