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Author Topic: USGS Finds Nearly 30 Billion Barrels Of Untapped Oil Under Federal Lands  (Read 136 times)

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Online rangerrebew

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USGS Finds Nearly 30 Billion Barrels Of Untapped Oil Under Federal Lands
« on: June 27, 2025, 06:01:08 am »
USGS Finds Nearly 30 Billion Barrels Of Untapped Oil Under Federal Lands
The U.S. sits on billions of untapped oil barrels.
by Irina Slav  June 26, 2025, 11:38 AM 
 
The United States is the largest oil and gas producer in the world. It is also experiencing a slowdown in its oil production for a number of reasons, including natural depletion. [emphasis, links added]


The U.S. Geological Survey, however, has just published a study stating that there are almost 30 billion new barrels of untapped oil—under federal lands, no less.

Oil and gas drilling was a contentious topic during the Biden administration. The administration decidedly did not like it and put a serious effort into curbing this drilling as much as the law allowed.

As soon as Donald Trump became president, the tables turned, and drilling on federal lands became very much a desirable direction for federal energy policy to move in, with the president prioritizing affordable energy and higher exports.

https://climatechangedispatch.com/usgs-billions-untapped-oil-federal-lands/
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Offline Fishrrman

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Re: USGS Finds Nearly 30 Billion Barrels Of Untapped Oil Under Federal Lands
« Reply #1 on: June 27, 2025, 06:00:05 pm »
"Fishrrman's law of energy resources":
Any and all energy resources will eventually be used when needed.
The only variable is how badly the need becomes to extract and use them.
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Offline IsailedawayfromFR

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Re: USGS Finds Nearly 30 Billion Barrels Of Untapped Oil Under Federal Lands
« Reply #2 on: June 27, 2025, 06:37:41 pm »
Now, the only question is when these hitherto untapped resources will be tapped.

No, there is an obviously bigger question on whether these resources even exist.

They are all identified as undiscovered.

This is sensationalism
« Last Edit: June 27, 2025, 07:35:32 pm by IsailedawayfromFR »
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Offline DefiantMassRINO

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Re: USGS Finds Nearly 30 Billion Barrels Of Untapped Oil Under Federal Lands
« Reply #3 on: June 27, 2025, 08:22:04 pm »
It's only worth something if you can get it out of the ground and to market profitably.

I suspect a future Administration will be forced to open all Federal lands to mining and logging to pay down the US Debt.
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