OCS Oil and Gas: An Environmental Assessment : a Report to the President, Volumes 2-3

Front Cover
 

Common terms and phrases

Popular passages

Page 12 - Reserve or Identified-Subeconomic resource. Speculative resources — Undiscovered resources that may occur either in known types of deposits in a favorable geologic setting where no discoveries have been made, or in as yet unknown types of deposits that remain to be recognized.
Page 10 - The dictionary definition of resource "something in reserve or ready if needed" has been extended for mineral and energy resources to comprise all materials surmised to exist having present or future values. In geologic terms a mineral or energy resource is a concentration of naturally occurring solid, liquid, or gaseous materials in or on the earth's crust in such form that economic extraction of a commodity is currently or potentially feasible.
Page 11 - Inferred Ore. Is ore for which quantitative estimates are based largely on broad knowledge of the geologic character of the deposit and for which there are few, if any. samples or measurements. The estimates are based on an assumed continuity or repetition for which there is geologic evidence; this evidence may include comparison with deposits of similar type. Bodies that are completely concealed may be included if there is specific geologic evidence of their presence.
Page 11 - Indicated ore is ore for which tonnage and grade are computed partly from specific measurements, samples, or production data and partly from projection for a reasonable distance on geologic evidence. The sites available for inspection, measurement, and sampling are too widely a --. McHENRY HOSIER or otherwise inappropriately spaced to outline the ore completely or to establish its grade throughout.
Page 10 - Identified resources — Specific bodies of mineral-bearing material whose location, quality, and quantity are known from geologic evidence supported by engineering measurements with respect to the demonstrated category.
Page 1 - Third, the United States must achieve a capacity for energy self-sufficiency consistent with national security. It is also important that the United States, which currently uses one-third of the world's production of energy, plan so that energy supplies outside the United States can be devoted to increasing the quality of life of the other 94 percent of the people of the globe. The Half and Half Plan assumes a minimum level of importation fro:'1 secure sources during periods of normalcy.
Page 12 - Paramarginal: The portion of subeconomic resources that a) borders on being economically producible or b) is not commercially available solely because of legal or political circumstances . Submarginal: The portion of subeconomic resources which would require a substantially higher price (more than 1.5 times the price at the time of determination) or a major cost reducing advance in technology. Hypothetical resources: Undiscovered materials that may reasonably be expected to exist in a known mining...
Page 1 - The era of energy growth through exploitation of domestic supplies of oil and gas is over. Domestic oil production (excluding Alaska) appears to have essentially reached its peak, and domestic natural gas has been projected to peak out in the next few years. Production...
Page 11 - Measured ore" is ore for which tonnage is computed from dimensions revealed in outcrops, trenches, workings, and drill holes and for which the grade is computed from the results of detailed sampling.
Page 1 - I am also asking the Chairman of the Council on Environmental Quality to work with the Environmental Protection Agency, in consultation with the National Academy of Sciences and appropriate Federal agencies, to study the environmental impact of oil and gas production on the Atlantic Outer Continental Shelf and in the Gulf of Alaska.

Bibliographic information