Friday, December 18, 2009

How much did Chevron's new oil discovery increase the US's reserve by?

It could boost the Nation's Reserve by more than 50%.





';Chevron on Tuesday estimated the 300-square-mile region where its test well sits could hold between 3 billion and 15 billion barrels of oil and natural gas liquids. The U.S. consumes roughly 5.7 billion barrels of crude-oil in a year.';How much did Chevron's new oil discovery increase the US's reserve by?
YQW. Glad I could help! Report Abuse
How much did Chevron's new oil discovery increase the US's reserve by?
not by much
According to the media, it is suppose to increase the national reserve by 50%





How Convenient that they discovered it all of a sudden before we end up in war with Iran?





Anyone here...the Movie..WAG THE DOG!





Just a thought!
Nothing yet, they haven't drilled anything yet. It's gonna take probably another 3 to 4 years before they get anything out of it.
New discovery my eyeball!! It's been kept a secret for years by all the major gasoline corporations. They're just finally sick of all the negative media %26amp; are willing to give a little of the reserves up to lower prices. I saw gas as cheap as $2.95 this weekend. I was tempted to fill up but didn't. I don't drive very far so it would be a waste of money.
Not sure how significant it was of a find, but speculation points to gas being as low as $2.00/gal by Thanksgiving! =)

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