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"Just 600 million barrels of oil can be extracted with existing technology, far below the 13.7 billion barrels once thought recoverable from the jumbled
by throwaway_yy2Di 12y ago
"Just 600 million barrels of oil can be extracted with
existing technology, far below the 13.7 billion barrels once
thought recoverable from the jumbled layers of subterranean
rock spread across much of Central California, the
U.S. Energy Information Administration said. [...] The
Monterey Shale formation contains about two-thirds of the
nation's shale oil reserves."
Here's the source from 2009, which puts US "undeveloped technically recoverable" shale oil at 24 billion barrels, ~15 billion in Monterey (rounded apparently),
http://www.eia.gov/analysis/studies/usshalegas/ http://www.eia.gov/analysis/studies/usshalegas/
This looks dated, since the most recent "technically recoverable" estimate is 58 billion:
http://www.eia.gov/todayinenergy/detail.cfm?id=11611 http://www.eia.gov/todayinenergy/detail.cfm?id=11611
- Lagged2Death 12y agoIt is my understanding that projections and estimates from the EIA are generally understood (by experts in the field) to be political artifacts, and to generally be wildly optimistic, from the point of view of the fossil fuel business. That probably goes equally for the revised estimate; it may have been adjusted downward in part to make some other prospect look relatively more appealing.