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USGS announces largest estimate of oil and gas ‘ever assessed in the United States’
Hot Air.com ^ | November 16, 2016 | JOHN SEXTON

Posted on 11/16/2016 4:41:20 PM PST by Kaslin

click here to read article


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To: Kaslin

Okay everyone, repeat after me, “peak oil”. LOL


41 posted on 11/16/2016 5:45:44 PM PST by Kickass Conservative ( Democracy, two Wolves and one Sheep deciding what's for Dinner.)
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To: crusty old prospector

At the state the oil is found,true, lateral drillin , steam, the advances in fishin an bailin, true, but oil is mobil an will from shale, or dead toads,find it’s puddle


42 posted on 11/16/2016 5:46:59 PM PST by advertising guy (I cannot wait for the book KILLING O'REILLY)
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To: Kaslin

I’m not convinced that the Soviet Abiotic Theory of Hydrocarbons is false.

Why else would petroleum reserves continue to be discovered? I mean, there’s only so much decayed plant and animal matter to cause it.

We also know that hydrocarbons exist in space and other planets, so how did they get there?

Yet I’m supposed to believe the Peak Oil crowd, which says its garbage, even though we’ve run out of oil 0 of the past 9 times they said we would.


43 posted on 11/16/2016 5:48:48 PM PST by Shadow44
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To: Kaslin

Things will be looking up around here after that news. Woohoo.


44 posted on 11/16/2016 6:06:52 PM PST by luvie (I love the troops. That is all....)
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To: Kaslin

My in-laws live smack dab in that area. They have already received a check and a letter stating that their property will be a prospect for drilling. They own the mineral rights to the property. They have signed the contracts of course.

This could be life changing for a lot of people.


45 posted on 11/16/2016 6:10:01 PM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Kaslin

Sarah says,

“Drill Baby, drill!”


46 posted on 11/16/2016 6:11:53 PM PST by Twinkie (John 3:16)
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To: Kaslin

fracking only works in the US.

why is that?


47 posted on 11/16/2016 6:21:34 PM PST by RockyTx
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To: Bayard

32 billion barrels per annum is what the world is consuming in oil so this is about 33 weeks supply of oil.


48 posted on 11/16/2016 6:24:45 PM PST by Degaston
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To: ROCKLOBSTER

3 years sounds about right.


49 posted on 11/16/2016 6:28:26 PM PST by New Jersey Realist (America is the land of the free BECAUSE of the brave)
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To: bigbob

“dead dinosaurs”

The ‘Dino Theory’ has never held up under rigorous scientific scrutiny and analysis.

The ‘Abiotic Theory’ makes much more sense, and is in alignment with observed physical findings, including those of other worlds, such as the moon, Titan, which has seas of hydrocarbons.


50 posted on 11/16/2016 6:28:34 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Billthedrill

“Trump’s fault.”

Agree. He’s going to be responsible for an unbearable quantity of winning.

And liberal tears will flow like rivers. Boo freaking hoo.


51 posted on 11/16/2016 6:34:15 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: stockpirate

#24 The planet Uranus is one that contains lots of methane as the aliens use it for a pitstop on their trips here to earth to gather up humans for dinner.....


52 posted on 11/16/2016 6:34:48 PM PST by minnesota_bound
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To: stockpirate

“For over 40 years I didn’t think dinosaurs and oil are related.”

Prepare for incoming from the ‘Dino Theory’ believers, you denier.


53 posted on 11/16/2016 6:37:19 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: advertising guy

Huh?


54 posted on 11/16/2016 6:38:32 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: advertising guy

Speak English, please.


55 posted on 11/16/2016 6:40:51 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: New Jersey Realist; Bayard
3 years sounds about right.

Last time I checked, a billion is a thousand million.

56 posted on 11/16/2016 6:51:56 PM PST by ROCKLOBSTER (I'm proud to be an American, where at least I know I'm free)
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To: Windflier

It comes from algae that died and fell into the bowels of the ocean. All oil is associated with basins. To my knowledge, there is never been a drop found outside of a sedimentary basin.


57 posted on 11/16/2016 6:59:00 PM PST by crusty old prospector
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To: ROCKLOBSTER

Yep, 20 million per DAY. So 1000 days is approaching 3 years. I said it was really rough in the numbers. Since its not actually 20 million per day and more like 19.some millions.


58 posted on 11/16/2016 6:59:21 PM PST by Bayard
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To: RockyTx

It is very expensive to drill these types of wells. The rest of the world has been coming around, especially Canada, South America, etc. The Mooselimbs are still producing their conventional reserves. They have a lower lifting cost.


59 posted on 11/16/2016 7:02:51 PM PST by crusty old prospector
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To: crusty old prospector
It comes from algae that died and fell into the bowels of the ocean.

Ok, then explain the methane seas on Titan.

60 posted on 11/16/2016 7:28:06 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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