The Department of the Interior found a significant increase in oil and gas reserves in the Gulf of America Outer Continental Shelf.
The department will no longer require an environmental impact statement for approximately 3,244 oil and gas leases in seven Western states.”
Recent analysis reveals an additional 1.3 billion barrels of oil equivalent, bringing the total reserve estimate to 7.04 billion barrels of oil equivalent, according to an April 10 statement from the department.
The total reserve estimate includes 5.77 billion barrels of oil and 7.15 trillion cubic feet of natural gas—a 22.6 percent increase in remaining recoverable reserves.
“This new data confirms what we’ve known all along—America is sitting on a treasure trove of energy, and under President [Donald] Trump’s leadership, we’re unlocking it,” Secretary of the Interior Doug Burgum said.
“The Gulf of America is a powerhouse, and by streamlining permitting and expanding access, we’re not just powering our economy—we’re strengthening our national security and putting thousands of Americans back to work.”
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I heard years ago that Alaska had more oil underground to supply all our needs for 400 years. Trump says AI is an energy hog. Not sure why. I’m not a fan of AI though. Reminds me of this line from that Star Trek movie Insurrection:
“We believe that when you create a machine to do the work of a man, you take something away from the man.”
Leftists have been saying a long time that oil is running out, while the estimated reserves keeps growing.
There is no solid proof that petroleum comes from biological matter. It’s one of those untruths, like the big bang and global warming. Liquid hydrocarbons have been detected on some of the outer moons.
I was set for a career in petroleum engineering in the 80s. But the government was restricting refinery construction and expansion, so hiring was nil. We went for 25 years without a new refinery. One near me in Joliet recently closed down. Government spending billions on fake green energy may have caused that.
Drill, baby drill!
“We Have a Lot More Oil & Gas Reserves Than We Knew”
—FYI: MANY KNOWLEDGEABLE PEOPLE BELIEVE THOSE ADDITIONAL OIL AND GAS RESERVES APPEARED ONLY AFTER realPRESIDENT Trump GAVE THE GULF ITS PROPER NAME: “GULF OF AMERICA” !!!
—As usual, Mexico was holding us back !
You mean Gulf of Petroleum