Proven (a term that is, thankfully, on its way out)? Unproven? Analytical? Geoextrapolated? The question is meaninglesss until the word is defined.
On the same subject, different topic: AL produces 12.8% of US domestically-produced crude, which figure can easily be trebled in 5-6 years time if someone can figure out how to be shed of the enviroluddite Marxists. This figure is as of mid-2007, and is provided courtesy of James L. Williams of www.energyeconomist.com.
His twice-weekly newsletter is in ANYONE'S top ten list of excellent sources for energy data, both current and historical. His clients include both ExxonMobil and the Russian State Bank, not to mention 34 Fortune 500 companies aside from ExxonMobil.
“On the same subject, different topic: AL produces 12.8% of US domestically-produced crude....”
Alabama has that much domestic crude? Who knew?