Future oil exploration is being planned in specific spots around the United States largely in part because of the massive untapped oil reserves. U.S. oil reservesvary by state, but the biggest untapped oil reserves are in Colorado, Utah, and Wyoming. Alaska also has some large untapped oil reserves but future oil exploration remains unclear as the area is a protected wildlife refuge.
The untapped oil reserves in Colorado are so big that many scientists estimate that they are as large as 1 trillion barrels. 1 trillion barrels of oil would be enough to power the United States for the next 400 years. That is, if we continue to focus on fossil fuels as our many energy source.
There has been a big shift in attention from oil to renewable sources of energy such as wind, solar, hydroelectric, and biomass, but the fact of the matter is oil still powers most of what we do. U.S. oil reserves by state are being closely monitored and studied for future exploration not only in the United States, but in the rest of the world as well.
Iraq is thought to have the third largest untapped oil reserves. No matter what your political persuasion, you have to admit that the intense interest of the United States to assist Iraq probably has a base of future oil exploration.
No matter where the location, all untapped oil reserves present unique sets of challenges. The untapped oil reserves in Colorado, Utah and Wyoming are technically oil shale and it is still not clear whether it can be used for fuel. The Alaskan oil reserves have been a controversy for some years now because of the protected environment and the Iraqi oil reserves are being seen as blood money by many. There are additional recommendations on the table for new oil lines to be built in a variety of areas of the country and drilling in the Gulf of Mexico has been met with massive opposition from both the general public as well as the Government administration.
Until we make a transition from fossil fuels to renewable energy sources, people and companies will continue to keep their eyes on future oil exploration.
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