Wednesday, June 03, 2009 3 Responses
Governor Palin was right about Alaska reserves. Overlooked by many news sources, the U.S. Geological Society has revealed that Alaska's Chuckchi Sea rests on 25% or 29.9 Billion Barrels of the worlds undiscovered Oil.
Reported by the Chicago Tribune and according to Circum-Arctic Resource Appraisal: Estimates of Undiscovered Oil & Gas North of the Arctic Circle Alaska also holds 13% of the worlds undiscovered natural gas & 13.4% of the worlds undiscovered natural gas liquids. Simply put this is enough U.S. energy to achieve self-sufficiency & never worry about it as a national security question again.
The report found that 70% of the worlds undiscovered oil resources is estimated to occur in 5 provinces: Arctic Alaska, Amerasia Basin, East Greenland Rift Basins, East Barents Basins, and West Greenland–East Canada. Also more than 70% of the worlds undiscovered natural gas is estimated to occur in 3 provinces, the West Siberian Basin, the East Barents Basins & Arctic Alaska.
It is further estimated that approximately 84% of the undiscovered oil & gas occurs offshore. The total worlds undiscovered conventional oil & gas resources of the Arctic are estimated to be approximately 90 billion barrels of oil (Alaska 25% or 29.9 billion barrels of oil), 1,669 trillion cubic feet of natural gas (Alaska 13% or 221.397 trillion cubic feet Of natural gas), & 44 billion barrels of natural gas liquids (Alaska holds 13.4% or 5.9 billion barrels Of natural gas liquids).
Full Report At: