Tag: Oil

Oil boom!

I met a semi-retired petroleum engineer in Alberta that was working on the Canadian tar sands development. I asked him what he had heard regarding the size of the Bakken oil field. He indicated that, pessimistically, it contained 1x the reserves of Saudi Arabia, while the optimistic projection was 3x the Saudi oil reserves.

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Israel, Saudi Arabia and the Middle East

Israel as the next Saudia Arabia?   According to this article in the Wall Street Journal, Israel’s unusually large and high-quality shale oil reserves may yield as much oil as all of Saudi Arabia’s proven oil reserves. http://online.wsj.com/article/SB10001424052748703806304576242420737584278.html   These discoveries are in addition to of Israel’s recently diclosed gas

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