America @ $100+/Barrel: How Long Will the Oil Last? Posted: 6 months ago by DerAlt
Pumping oil is surprisingly inefficient: For decades, companies relied on ground pressure and crude secondary well-flooding methods that recovered just one-third of a field’s reserves. Now, through enhanced oil recovery techniques, companies can collect up to three-quarters, dramatically lengtheninga field’s useful life. — D.C.
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