The power of Earth and beyond.
Energy Daily Editorial Team
Editorial Team

Energy Daily Editorial Team

Editorial Team

The Energy Daily Editorial Team produces Energy Daily's coverage of the global energy industry. We report on oil and gas, power grids and utilities, energy markets and policy, and the renewables and storage reshaping how the world is powered. Articles reflect our team's collective editorial process, source verification, drafting, technical review, and editing, rather than a single writer's work. Energy Daily takes editorial responsibility for content under this byline. For more on how we work, see our editorial policy.

Del.icio.us

Analysis: Caspian division inches forward

Washington DC (UPI) Apr 20, 2009 - Since 1991, the Caspian basin has emerged as the world's leading untapped energy source. According to the U.S. government's Energy Information Administration, the Caspian's 143,244 square miles and attendant coastline could contain as much as 250 billion barrels of recoverable oil besides an additional 200 billion barrels of potential reserves. Additionally, the EIA places the Caspian basin's natural gas reserves at up to 9.2 trillion cubic meters of recoverable natural gas; even with oil at $50 a barrel, down from its July 11 record high of $147.27 per barrel, the region's recoverable oil alone is worth $12.5 trillion.