USGS:Less oil in Alaska than once thought

USGS:Less oil in Alaska than once thought

www.breitbart.com

ANCHORAGE,Alaska (AP)-Federal scientist say the National Petroleum Reserve-Alaska contains less than one-tenth of the amount of oil they previously estimated.

The US Geological Survey says the new data puts the new estimate at 896 million barrels of oil,compared with the agency's 2002 mean estimate of 10.6 billion barrels.

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That is one big difference!! I don't know much about this kind of thing,but how could the USGS be that far off on this?I wonder if this could have an effect on fuel prices?I surely hope not!!!How does the USGS measure these type of resources?Is it not an exact science?If anyone could fill me in on this I would appreciate the info!Thanks

www.breitbart.com
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reply to post by PatriotsPride


every time someone screams were running out
i yell scam
peak oil is a syop to allow oil cartels to scare more money out of the consumer
xp

I noticed gas prices just went up about 30 cents the last couple of days in my nieghborhood, I wonder if this has any thing to do with it?