Large oil and natural gas deposits discovered in Afghanistan!

[IndianaGreen]

Guess what I found on the USGS website, a press release about oil in Afghanistan!

USGS Assessment Significantly Increases Afghanistan Petroleum Resource Base

Released: 3/14/2006 10:00:00 AM

The USGS and the Government of Afghanistan Ministry of Mines and Industry have completed the first-ever assessment of Afghanistan´s undiscovered petroleum resources and have determined that the resource base is significantly greater than previously understood. The assessment was conducted over the past two years, with funding provided by the U.S. Trade and Development Agency.

The estimates increase the oil resources by 18 times and more than triple the natural gas resources.

Undiscovered petroleum resources in the assessed region of northern Afghanistan range from 3.581 to 36.462 trillion cubic feet (TCF) of natural gas, with a mean of 15.687 TCF. Estimates of oil range from 0.391 to 3.559 billion barrels (BBO), with a mean of 1.596 BB0. Estimates for natural gas liquids range from 126 to 1,325 million barrels (MMB) with a mean of 562 MMB.

When presented with the resource assessment results, Afghanistan President Karzai commented, "I am delighted that the work of the survey of Afghanistan´s mineral and underground resources is proceeding well, and that some very positive findings about our petroleum resources are being reported. Knowing more about our country´s petroleum resources will enable us to take steps to develop our energy potential which is crucial for our country´s growth. I thank the United States, the U.S. Geological Survey and their Afghan counterparts in supporting this survey, which I believe is a significant undertaking."

The country currently imports most of its energy, including electricity. The petroleum resource assessment provides Afghanistan with information needed for conducting future lease sales and is likely to be of interest to oil and gas exploration companies.

http://www.usgs.gov/newsroom/article.asp?ID=1473

[Clark2008]

1. Oil and pipelines

Instead of a bar of gold for a slice of bread, it's for a drop of oil.

Thanks for the post.

[bpilgrim]

2. The estimates increase the oil resources by 18 times and more than triple

"The estimates increase the oil resources by 18 times and more than triple the natural gas resources. "

surprise, surprise... guess well see gas back to a buck fity, soon, eh

:hi: IG

peace

[misternormal]

3. Gee... Will wonders never cease???

[LincolnMcGrath]

4. Color me shocked

:eyes:

[Disturbed]

5. Afghanistan, one of the poorest countries...

with all that oil, natural gas and poppy fields. Go figure.

[slaveplanet]

8. don't forget the richest emerald and ruby mines

as well as tourmaline, kunzite, aquamarine, lapis lazuli, spinel, and morganite ...true precious gems

The truth of the matter is, most of the dirball is still largely unknown when is comes to things still deposited in the dirt.
At least, where the numbers fed to the general public are concerned.

[hatrack]

6. Whoop-dee-doo - 1.6 billion barrels

That's about 1/10th of Prudhoe, or about 1/20th of Cantarell, or about 1/50th of Burgan, all of which are already in decline - in the case of Prudhoe, for almost 20 years.

This isn't going to change a Goddamned thing.

[davidinalameda]

7. gee, I wonder what oil companies will get those leases

Chevron, Exxon, etc