| Author | Message | ||
     Redplanet Side Hero Username: Redplanet Post Number: 3718 Registered: 05-2008 Posted From: 24.91.69.137 Rating: N/A |
No country has the Purchasing power close to USA. USA rocks. Even in down time. America ki jalubu cheste whole world ki tummulu vastai. Adi sangati...!!! | ||
| Ashton Comedian Username: Ashton Post Number: 1232 Registered: 05-2008 Posted From: 67.159.45.53 Rating: N/A |
And I still have confidence in US dollar & economy ruling the world again based on oil reserves it holds | ||
| Redplanet Side Hero Username: Redplanet Post Number: 3715 Registered: 05-2008 Posted From: 24.91.69.137 Rating: N/A |
Texas and Alaska holds the major Energy resources for US. Exploration is not easy because of the environmental rights issue. | ||
| Ashton Comedian Username: Ashton Post Number: 1231 Registered: 05-2008 Posted From: 67.159.45.53 Rating: N/A |
http://www.americanfreepress.net/html/biggest_oil_reserves_1 82.html It has been more than a year since the Department of Interior announced that North Dakota and Montana have an estimated 3 to 4.3 billion barrels of recoverable oil in an area known as the Bakken Formation, but little is being done about it. The April 2008, U.S. Geological Survey (USGS) assessment shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of a paltry 151 million barrels of oil. That would be 3,775 million (or 3.775 billion) barrels. New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger oil volumes. The USGS Bakken study was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol as required by the Energy Policy and Conservation Act of 2000, yet only 105 million barrels of oil had been produced from the Bakken Formation by the end of 2007. |
