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Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. times the proven reserves of Saudi Arabia. quadrillion cubic feet of recoverable natural gas reserves or enough supply for 130 years. 5 According to the Institute for Energy Research, there are 1.66

Oil 130
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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2016-N01, in 2016, which created widespread industry concern, and, as a result, was never fully implemented. To provide guidance on this issue, from 1998 through 2016, BOEM (and its predecessor) issued four NTLs, with each subsequent NTL replacing the prior NTL. 2016-N01, previously mentioned, which was never fully implemented.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2016-N01, in 2016, which created widespread industry concern, and, as a result, was never fully implemented. To provide guidance on this issue, from 1998 through 2016, BOEM (and its predecessor) issued four NTLs, with each subsequent NTL replacing the prior NTL. 2016-N01, previously mentioned, which was never fully implemented.