Feds Discover Largest Oil, Natural-Gas Reserve in History
https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/December 6, 2018
The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.â€
“Christmas came a few weeks early this year,†Secretary of the Interior Ryan Zinke said of the new reserve, which is believed to have enough energy to fuel the U.S. for nearly seven years.
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In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.
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Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.
“American strength flows from American energy, and as it turns out, we have a lot of American energy,†said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.â€...
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"discover" and "new" seem to be journalistic license...