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The AAPG/Datapages Combined Publications Database
AAPG Special Volumes
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The United States has a rich base of petroleum resources, but replacing domestic oil reserves will be costly and will require advances in technology. In the mature onshore and offshore regions, the bulk of the future oil will be found in small fields. The promise of large discoveries lies in the costly and challenging deep offshore waters and the hostile Arctic. With significant investment in research and development, advanced tertiary recovery methods could also make a major contribution to lower-cost domestic supplies.
The study of the replacement costs of domestic crude oil shows that adequate supplies of lower cost oil could be available through the middle of the 1990s. However, as these lower-cost sources are depleted, replacement costs will begin to escalate rapidly, reaching very high levels after the turn of the century.
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