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Largest New Discovery of Oil in USA Puts USA in Top Ten

Largest New Discovery of Oil in USA Puts USA in Top Ten

Oil Platform

armstrongeconomics.com / by Martin Armstrong /  Mar 16, 2017

Another major discovery of oil has been made in Alaska of 1.2 billion barrels. It is the largest find of conventional oil for 30 years on US territory. The discovery was made by the Spanish oil company Repsol on Thursday with its US partner Armstrong Energy. According to a report from the company, the production potential is up to 120,000 barrels of oil per day, and production is scheduled to start in four years. This will probably increase the US standing to overtake Nigeria entering the list of top ten.

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