Subject: txt engry cali -
The biggest find in the state in 35 years, somewhere in Kern County, could herald new exploration in California and the U.S., experts say
The Westwood company revealed in July that it had found the equivalent of 150 million to 250 million barrels of oil and natural gas in an undisclosed part of Kern County using techniques that the oil company's executives would rather not talk about... [snip]
Despite steady declines in petroleum output to about 214.5 million barrels last year from about 394 million barrels at the 1985 peak, California still ranks fourth in the nation behind the combined federal offshore drilling sites and Texas and Alaska.
The U.S. Geological Survey travels the country to assess petroleum reserves and the potential for new discoveries. In 2003 and again in 2007, its geologists said that it was likely that an additional 4 billion barrels "may be added to reserves in existing oil fields"...
[Again and again, our discovery of reserves outpaces our increasing consumption throughout the history of oil - when we but look for it...]
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