Geological Survey in 2018 announced that the Delaware Basin contains an estimated mean of more than 46 billion barrels of continuous oil. overall, vary because of different calculation models. Ted Kury, director of Energy Studies for the Public Utility Research Center at the University of Florida, said estimates of the amount of oil in the Permian Basin, and the U.S. Permian Basin's oil would not last two centuries, according to agency estimates USA TODAY reached out to users who shared the claim for comment. Geological Survey assessments show those two basins contain about 66 billion barrels of oil, which equates to about nine years of America's oil consumption – not 200 years as the post claims.įollow us on Facebook! Like our page to get updates throughout the day on our latest debunks Other versions of the claim amassed thousands of additional shares on Facebook.Įstimates of how much oil is in the Delaware and Midland Basins can vary, but experts told USA TODAY even if the highest estimate were true, it would not be enough to meet Americans' oil consumption needs for two centuries. Within that greyed out section, two dotted yellow lines outline the Delaware and Midland Basins. The image in the post shows a map of Texas and New Mexico with a part greyed out to indicate the boundary of the Permian Basin, the U.S.'s most productive oil region. "This small area has enough oil to fuel America for the next 200 years," reads a a July 12 Facebook post that was shared more than 1,400 times in three days. This year, due to the increase in the price of crude oil and a shortage of refining capacity, gas prices rose dramatically. It has put financial pressure on consumers and political pressure the Biden administration to act accordingly to lower prices. As a result, the role America plays in the international oil market has become a top political issue. ![]() Watch Video: Forgotten oil wells leak, spew, pollute The claim: Parts of the Permian Basin have enough oil to fuel America for 200 years
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |