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USGS drops estimate of Alaska's undiscovered oil by fully 90 percent.

27 Oct 2010 jeremyl Oil, Top Ten Signposts to Energy Crisis

The U.S. Geological Survey assesses conventional, undiscovered oil in the National Petroleum Reserve in Alaska as a fraction of a previous estimate: 896 million barrels, about 90 percent less than a 2002 estimate of 10.6 billion barrels. The reason: drilling has shown more gas than oil recently.

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