WATCHING WASHINGTON U.S. CRUDE RESOURCE FAR FROM TWILIGHT

With Patrick Crow A new U.S. Department of Energy study dispels the common belief that little crude oil remains to be found in the U.S. The study, researched by independent industry analysts, concluded the estimate of recoverable oil in the U.S. could be four to eight times higher than the currently accepted reserves figures. James Randolph, assistant secretary for fossil energy, said, "Many think that the U.S. oil industry is in its twilight years as far as finding and developing new reserves.

Oct 26th, 1992
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