U.S. has more untapped oil than Saudi Arabia or Russia


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The Daily Walk with Miracles

August 7, 2016

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U.S. has more untapped oil
than Saudi Arabia or Russia

Oil shale boom is primary emphasis
in America’s petroleum resurgence

The Daily Walk with Miracles, August 7, 2016, by Paul Evans, excerpt from U.S. has more untapped oil than Saudi Arabia or Russia, CNN Money, July 5, 2016, by Matt Egan. U.S. crude oil production is now higher than at any time since 1970, and we are actively exporting natural gas. Business Insider, source for our featured photo, said that the world is headed for an oil production glut. But will the future be dependent on petroleum much at all? See New Miracle Solar Technology to Replace Oil, Gas, Coal and Fuel Abundant Future, The Daily Walk with Miracles, August 1, 2016, by NewsMax and Paul Evans. Even Saudi Arabia is “all in” on the new technology, investing $109 billion in the new solar revolution. Warren Buffet, Bill Gates and George Soros agree. Photo-graph of U.S. crude petroleum production through 2015 courtesy of http://usaoilandgasmonitor.com. NewsMax estimated that half the energy companies in the U.S. could be bankrupt due to the new solar technology in six months. At any event, however long the fossil fuel era persists, here’s the news on America’s huge untapped petroleum supply from CNN:

US crude oil production growth through 2015

Move over, Saudi Arabia and Russia. America now has more untapped oil than any other country on the planet.

That’s according to a new report from Rystad Energy that estimates the U.S. is sitting on an incredible 264 billion barrels of oil reserves. It includes oil in existing fields, new projects, recent discoveries as well as projections in undiscovered fields.

More than half of America’s untapped oil is unconventional shale oil, according to Rystad. Shale oil is the previously-unreachable crude that, thanks to fracking and new technology, has reshaped the global energy landscape and vaulted the U.S. into the upper echelon of global oil producers.

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