The news is a bit dated (21 months old) but it seems not to have hit the newspaper headlines:

here's the link from US Geological Survey

Title of article: 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—

first two sentences of article: "Reston, VA - North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.

A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil."

Lots of stories/reports regarding oil in the world; how's this related to Thailand?

The key phrase is "technically recoverable".....technically you may be able to get the oil out, but at what cost ?

Same can be applied to Gold, technically gold can recovered from "sea water" but it isnt financially viable on an ecomonic scale as yet

The key phrase is "technically recoverable".....technically you may be able to get the oil out, but at what cost ?

Same can be applied to Gold, technically gold can recovered from "sea water" but it isnt financially viable on an ecomonic scale as yet

This was reported a while ago, complete with why it is now technically feasible. In essence, it is a horizontal drilling technique, vertical down to depth and horizontal into the pools. Amazing what the drillers can do with their "soda straws"