USGS drops estimate of Alaska’s undiscovered oil by fully 90 percent.

The U.S. Geological Survey assesses conventional, undiscovered oil in the National Petroleum Reserve in Alaska as a fraction of a previous estimate: 896 million barrels, about 90 percent less than a 2002 estimate of 10.6 billion barrels. The reason: drilling has shown more gas than oil recently.

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One Comment on USGS drops estimate of Alaska’s undiscovered oil by fully 90 percent.

  1. Salva on Wed, 17th Aug 2011 11:09 pm
  2. Thank you so much for your work Jeremy!

    It must be said here that even though 10 billion sounds like a lot, it would only extend the life of our addiction to oil by LESS than a third of ONE YEAR!!

    The new number, 896 million barrels would quench our thirst by a mere 10 days.

    WE NEED TO WAKE UP!! The 00000′s in all these numbers don’t mean much given our current, nerve wrecking oil consumption of 150,000 liters per second!

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