Royal Dutch Shell estimates that the waters of the outer continental shelf contain 100 billion barrels of technically recoverable oil.

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Recent studies have found that federal waters along the Outer Continental Shelf likely contain more than 80 billion barrels of oil.

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Royal Dutch Shell (nyse: RDSA - news - people ) estimates that the waters of the outer continental shelf contain 100 billion barrels of technically recoverable oil.

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Congress quietly lifted the ban on offshore oil drilling yesterday, opening the vast waters of the outer continental shelf to oil and gas companies eager to exploit the area's substantial energy resources.

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In mid-July, the department's Mineral Management Services, which controls the mineral rights on federal lands, asserted its jurisdiction over renewable energy projects--wind, wave, solar and tidal energy--on federal waters in the Outer Continental Shelf.

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Golden, then a staff geologist and now head of deepwater exploration for BP, came up with a theory that massive oil deposits lay just beyond the Continental Shelf in the Gulf of Mexico, in waters 300 meters deep or more.

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