Study: Fed lands hold oil and gas bonanza
Forbes.com
The United States has more oil and gas reserves on federally owned lands than previously thought. Federal acreage onshore and offshore holds more than 2,000 trillion cubic feet of natural gas (about 75 years worth of current domestic consumption) and 229 billion barrels of oil (about 50 years worth).
So says a study released Monday by the National Association of Regulatory Utility Commissioners. Data gathering and number crunching for the two-year study was done by Science Applications International Corporation (SAIC), a big government contractor, with input from academics and oil companies like Shell, BP, Marathon Energy.
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