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I don't doubt you could find some projections even worse than that. The fact is any multi billion barrel discovery is significant. A large percentage of the gasoline you consume today is from wells that have been considered salvage by the major oil companies and have been sold off to independant oil companies that will continue to produce them for another twenty plus years.
The real truth is nobody knows how much oil is in any field until it is completely depleted and the wells are plugged. Estimates of reserves are simply that ... estimates. They are very seldom accurate.
But if those formations do produce like the ones near them have they will produce significantly more oil and gas than your Yahoo articles would indicate.
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