Massive Oil Discovery in Alaska

CNN --

Oil and gas exploration firm Caelus has found a massive amount of oil waiting to be drilled up in northern Alaska.
In a press release Tuesday, the company announced its discovery could yield between 6 billion and 10 billion barrels of light oil -- which is recovered from the ground more easily than other types of oil. As perspective, about 79 million barrels of crude oil are produced in the world each day, according to the U.S. Energy Information Administration.

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