Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: thackney
No. Not referring to Green River. Eagle Ford and Permian (Sprayberry) and horizontal drilling mostly. These are not the articles I originally read, but say the same thing in a dumbed down version.

http://www.breitbart.com/Big-Peace/2014/04/16/American-Oil-Reserves-Now-Top-Saudi-Arabia

http://www.dailymail.co.uk/news/article-2463148/U-S-overtakeS-Saudi-Arabia-worlds-biggest-oil-producer-jump-output-shale.html

http://pbpa.info/education-center/oil-and-gas-101/drilling-and-leasing/spraberry-formation/
13 posted on 09/05/2014 8:37:54 PM PDT by DRey
[ Post Reply | Private Reply | To 12 | View Replies ]


To: DRey

So the first link makes your claim, but only if out reserves are 10 times greater than reported with no basis for the claim.

The second talks about production not reserves. There we are greater producers of oil only if you pretend condensate, natural gas liquids and biofuels are oil.

The third talks about a large amount in a single field that mostly uneconomical to produce, that amount is not reserves. Oil in place that cost more to produce than it is worth is not counted as reserves.


14 posted on 09/05/2014 9:32:08 PM PDT by thackney (life is fragile, handle with prayer.)
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson