Article Here.
Chevron's Deepest Well Holds Less Oil Than Forecast
Article states that it only has 200 to 500 million barrels in their Knotty Head field.
| technorati tags: Energy, economy, Oil, Oil Supply, oil shale |
A new century is bringing forth more calls to push to alternative energy sources. Oil, legislation, technology, global warming, and consumer awareness drives the demand.
Wednesday, March 22, 2006
Oil from Shale, Chevron Woes
The United States is oil rich. 1 Trillion barrels. However, our oil has not matured yet and is still oil shale. It would take millions of years before it would be in a state where we could easily draw it out. Companies have been working on speeding that process up but it is expensive and resource intensive. Still the high oil prices have the government and businesses taking another look.
Article Here.
Chevron's Deepest Well Holds Less Oil Than Forecast
Article states that it only has 200 to 500 million barrels in their Knotty Head field.
Article Here.
Chevron's Deepest Well Holds Less Oil Than Forecast
Article states that it only has 200 to 500 million barrels in their Knotty Head field.