Jul 12, 2012 ... He said that by one estimate the United States may have "three times as much oil in the United States as there is in Saudi Arabia." That item noted the same apples-to-oranges problem in the comparison. Our rating. Hovde suggested that we immediately tap into America's natural resources, which he said ...
Apr 21, 2005 ... Meanwhile, the oil companies - which do not make public estimates of their own "peak oil" - say there is no shortage of oil and gas for the long term. ... and unconventional oil supplies prepared by the US office of petroleum reserves last year, "world oil reserves are being depleted three times as fast as they ...
Nov 13, 2012 ... Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels. "In the past 100 years — in all of human history -- we have consumed 1 trillion barrels of oil. There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).
Here are the official estimates: o 8-times as much oil as Saudi Arabia. o 18 times as much oil as Iraq. o 21 times as much oil as Kuwait. o 22 times as much oil as Iran. o 500 times as much oil as Yemen. and it's all right here in the Western United States. HOW can this BE!? HOW can we NOT BE extracting this!? Because ...
Peak oil, an event based on M. King Hubbert's theory, is the point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline. Peak oil theory is based on the observed rise, peak, fall, and depletion of aggregate production rate in oil fields over time. It is often ...
One estimate says there may be "three times as much oil in the United States as there is in Saudi Arabia."