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Tuesday, 2 November 2010

Alaskan untapped oil reserves estimate lowered by 90%



Source: CNN

The US Geological Survey has warned that a recent estimate of the amount of untapped conventional oil in the Alaskan National Reserve is a fraction of the estimate made in 2002, about 90% less to be specific. New data obtained from exploration drilling has revealed gas occurrence rather than oil in much of the same area covered by the 2002 survey.

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