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To: TexasCajun
A Chinese estimate suggests as much as 213 billion barrels of oil lie untapped in the South China Sea alone which, if true, would make it the largest oil reserve outside Saudi Arabia, according to the U.S. Energy Information Administration.

Ha...you need to get out of Texas a bit more....

213 billion barrels is small potatoes....

The USGS report from January gives our Green River Formation 3TRILLION barrels of oil....with 1 Trillion barrels recoverable with today's technology.

As a side comment...the worlds known reserves of oil weigh in at about a Trillion barrels......we just trebled it.

136 posted on 11/26/2013 7:22:51 PM PST by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
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To: spokeshave

The problem with the Green River Formation is: Will our wonderful leaders ever let even 10% be extracted?


140 posted on 11/26/2013 7:58:19 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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