Ihs Marketing, Texas and Saudi Arabia discussed on The Money Hour Radio

Automatic TRANSCRIPT

And that's an area where technology ever you hit on it there i mean the technology because we just were reading the study that came out by ihs marketing and here the permian basin in texas has about sixty billion an upwards of seventy billion barrels of recoverable oil and to put that in perspective that rival some of the greatest oilfields i mean we're talking about in saudi arabia the gower field this is huge and that doesn't even include the other sheffield's here in the us you guys may have heard good old t boone pickens the oil driller and he was asked recently about some of this and commented to bloomberg how can we have been drilling in the permian basin for one hundred years and find out hold on there it's twice as much as we thought.

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