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Why do oil reserve estimates vary so widely?

How much oil is in the ground? That question has been asked for 150 years at local, national, and global scales. A precise answer is unknowable because most oil exists thousands of meters below the surface of the Earth, and it can be identified and measured only after drilling extremely expensive wells. But that hasn’t stopped legions of scientists and

How did fracking transform the world energy landscape?

With 4% of the world’s population, the United States consumes 40% of the world’s oil, due largely to its consumption of travel and shipping by its 267 million cars and trucks that are inefficient relative to other countries. The United States has substantial oil resources, accounting for about 17% of all oil ever produced in the world.  Nevertheless, domestic supply

Why do oil reserve estimates vary so widely?

How much oil is in the ground? That question has been asked for 150 years at local, national, and global scales. A precise answer is unknowable because most oil exists thousands of meters below the surface of the Earth, and it can be identified and measured only after drilling extremely expensive wells. But that hasn’t stopped legions of scientists and

How did fracking transform the world energy landscape?

With 4% of the world’s population, the United States consumes 40% of the world’s oil, due largely to its consumption of travel and shipping by its 267 million cars and trucks that are inefficient relative to other countries. The United States has substantial oil resources, accounting for about 17% of all oil ever produced in the world.  Nevertheless, domestic supply

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