srsroccoreport.com / by SRSrocco on November 19, 2016
(The Hill’s Group),
Yes, the magic words; “technically recoverable”. I wonder how much “technically recoverable” oil is on Mars? There may be a lot, but oil that will ever see the surface of the Martian landscape is a different matter. Those would be reserves, and at $45/ barrel there is exactly zero. The same that can be said for the Wolfcamp.
I asked The Hill’s Group what they thought of the recent USGS announcement of the 20 billion barrel Wolfcamp shale Deposit in Texas:
Release Date: November 15, 2016
This is the largest estimate of continuous oil that USGS has ever assessed in the United States.
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