Alaska's untapped oil reserves estimate lowered by about 90 percent
The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate.
The group estimates about 896 million barrels of such oil are in the reserve, about 90% less
than a 2002 estimate of 10.6 billion barrels.
The new estimate is mainly due to the incorporation of new data from recent exploration drilling revealing gas occurrence rather than oil in much of the area, the geological survey said.
http://edition.cnn.com/2010/US/10/27...ves/index.html
Alaska is, of course, a huge energy exporter.... Production there has declined from a peak of over two million barrels per day to only 600,000 or so today. Once the flow drops below 500,000 barrels, there will be problems with icing in the Trans-Alaska Pipeline system.
[Is this true? At what point will the pipeline need to be decommissioned? Will the oil then be sent by tanker? If so, what are the likely destinations?]
http://www.postcarbon.org/blog-post/...ska-and-energy
The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate.
The group estimates about 896 million barrels of such oil are in the reserve, about 90% less

The new estimate is mainly due to the incorporation of new data from recent exploration drilling revealing gas occurrence rather than oil in much of the area, the geological survey said.
http://edition.cnn.com/2010/US/10/27...ves/index.html
Alaska is, of course, a huge energy exporter.... Production there has declined from a peak of over two million barrels per day to only 600,000 or so today. Once the flow drops below 500,000 barrels, there will be problems with icing in the Trans-Alaska Pipeline system.
[Is this true? At what point will the pipeline need to be decommissioned? Will the oil then be sent by tanker? If so, what are the likely destinations?]
http://www.postcarbon.org/blog-post/...ska-and-energy
Comment