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...most promising areas on land is the so-called Western Overthrust Belt in the rugged, mountainous area from southern Colorado to the Canadian border. Experts believe the area could contain many fields of 100 million bbl. or more-adding up to perhaps 14 billion bbl. of oil and 52 trillion cu. ft. of natural...
...Outlook: We estimate that two-thirds of the remaining oil and gas to be discovered in the U.S. exists under the approximately 760 million acres onshore and the 500 million offshore acres that the Federal Government owns-something like 60 billion to 80 billion bbl. of oil and 300 trillion cu. ft. of gas. While other countries are leasing and exploring about 40% of all the coastal land outside the U.S., less than 5% of our own offshore land has been explored. We think the undiscovered oil off the shore of Alaska alone is equal to the entire known reserves...
...size and strength, its human and natural richness, the U.S.S.R. remains strangely impoverished, even cursed. While its gross national product is second only to that of the U.S. ($2.4 trillion vs. $1.4 trillion), it ranks 17th in The Book of World Rankings on a scale of combined social and economic indicators, after such countries as Sweden, Australia and Iceland...
...some degree, the Soviets can substitute other energy sources for oil. The Soviet Union has 28 trillion m³ of natural gas, which is a third of the world's proven reserves and enough to last 70 years at current rates of consumption. Gas production is currently booming...
Coal, which the Soviets also have in abundance, is unlikely to fill much of the gap. Soviet coal reserves total 7 trillion tons, or enough to last 350 years, but most of the coal, like the other fuels, is in Siberia, where distance and climate make exploitation difficult. The coal is primarily low-grade, high-polluting lignite, and much of it is pyrophoric, that is to say, it can ignite spontaneously upon contact with oxygen. Still, Western analysts are baffled by the U.S.S.R.'s declining coal production. In 1979 output was 3 million tons less than...