[deport]

A far cry from the 500 billion they were talking about.

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Yes quite a huge difference. Was the 500 billion something you’ve seen recently? I wonder if that wasn’t a mistype as the article refers to a twenty five fold increase over projections from the past of millions.... In any case it is good to see a reservoir this size in the US.

[PSYCHO-FREEP]

It’s too early for any real solid estimates yet. This formation in the region has only been drilled seriously for the last 8 years and the drilling is slow and difficult, as well as very expensive.

Those earlier (200 to 500 Billion) estimates are way out of proportion to reality. The outlook is promising, but the actual statistics are still very limited.

[Bommer]

The 500 Billion they are talking about is embedded in the pores of the rock itself. It is recoverable, but the rock has to be super heated to in order get the oil out. Very expensive, but at over $100 a barrel, financially feasible. This area stretches for North Dakota to Saskatchewan and Manitoba BTW and includes the oil sand fields.