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Gusher: Feds ID largest energy find ‘ever,’ worth 7 years of fuel

“The Interior Department has identified a massive basin of oil and natural gas in Texas and New Mexico, enough to cover nearly seven years of all U.S. needs” reports washingtonexaminer.com. The U.S. consumes about 7 billion barrels of oil a year. “Now, I know for a fact that American energy dominance is within our grasp as a nation,” said Zinke, who has bullishly been promoting the tapping of energy on federal lands.”Christmas came a few weeks early this year,” said Interior Secretary Ryan Zinke in announcing the discovery, which his department described as the “largest continuous oil and gas resource potential ever assessed.” How much: 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids. The results of this most recent assessment and that of the Wolfcamp Formation in the Midland Basin in 2016 are our largest continuous oil and gas assessments ever released,” said Jim Reilly, U.S. Geological Survey director in the statement.
 
Source: washingtonexaminer.com



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