Trump Admin Boosts Gulf Oil and Gas Reserves Estimate ...Middle East

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Trump Admin Boosts Gulf Oil and Gas Reserves Estimate
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The U.S. Department of the Interior has revised upwards the oil and gas reserves contained in the U.S. section of the Gulf of Mexico, which the Trump administration renamed the Gulf of America. According to an analysis done by the Bureau of Ocean Energy Management, the U.S. Outer Continental Shelf contains an extra 1.30 billion barrels of oil equivalent, compared to previous estimates done in 2021. This means the total of oil and gas reserves in the area stand at over 7 billion barrels of oil equivalent. This is a 22.6% increase in recoverable…

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