Thursday, May 05, 2005
Gusher!
I think this story deserves more attention than it's getting. A small company in Utah bought some old and supposedly used-up leases from Chevron, and took the time to explore more seriously. They believe they've found a huge new pool of oil; not as large as ANWR, but plenty big. Significant because it's generally believed that no new "easy" oil remains in the 48 states; existing fields are producing but the next step would have to involve tar sands.
Story link ¶ 10:27 AM
I think this story deserves more attention than it's getting. A small company in Utah bought some old and supposedly used-up leases from Chevron, and took the time to explore more seriously. They believe they've found a huge new pool of oil; not as large as ANWR, but plenty big. Significant because it's generally believed that no new "easy" oil remains in the 48 states; existing fields are producing but the next step would have to involve tar sands.
Story link ¶ 10:27 AM
