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<blockquote data-quote="Jones" data-source="post: 378846" data-attributes="member: 4805"><p>4.5 billion is the high end of the USGS's (one of my flawed sources) estimate for recoverable oil from the Bakken Formation. Estimates for recoverable oil in the Atlantic area currently covered by the drilling ban are 3.82 billion barrels according to the Energy Information Administration (yet another one of my flawed sources<img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" />). Estimates from the oil companies for that area have ranged as high as 5 billion barrels, so I used 4.5 as a high midpoint estimate. I hope that clears up the "coincidence".</p><p></p><p>I've been consistent in saying that we need to develop alternative sources of energy, including natural gas and nuclear power. The billion barrels of oil contained in Hutchinson's otherwise interesting proposal is nothing but a payoff to the oil lobby, and a testament to the influence they wield on capitol hill.</p></blockquote><p></p>
[QUOTE="Jones, post: 378846, member: 4805"] 4.5 billion is the high end of the USGS's (one of my flawed sources) estimate for recoverable oil from the Bakken Formation. Estimates for recoverable oil in the Atlantic area currently covered by the drilling ban are 3.82 billion barrels according to the Energy Information Administration (yet another one of my flawed sources:wink2:). Estimates from the oil companies for that area have ranged as high as 5 billion barrels, so I used 4.5 as a high midpoint estimate. I hope that clears up the "coincidence". I've been consistent in saying that we need to develop alternative sources of energy, including natural gas and nuclear power. The billion barrels of oil contained in Hutchinson's otherwise interesting proposal is nothing but a payoff to the oil lobby, and a testament to the influence they wield on capitol hill. [/QUOTE]
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