[Ed. – Interior Secretary Zinke says Christmas has come early. I should say so.]
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.
“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 U.S. consumes about 7 billion barrels of oil a year.
Our latest #oilandgas resource assessment-Texas & New Mexico’s Delaware Basin: https://t.co/rdu07nAscj We estimate 46.3 billion barrels of #oil & 281 trillion cubic feet of #natgas. That’s our largest continuous assessment ever! pic.twitter.com/KZfAhdmnkx
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— USGS Energy Program (@usgsenergy) December 6, 2018