Alaska Ping!
Posted on 03/12/2017 8:32:52 AM PDT by rktman
Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades.
The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.
The new discovery was made in just the past few days in Alaska’s North Slope, which was previously viewed as an aging oil basin.
Spanish oil giant Repsol and its privately-held U.S. partner Armstrong Energy announced the find on Thursday, predicting production could begin as soon as 2021 and lead to as much as 120,000 barrels of output per day.
The oil resources lie in a well, called Horseshoe, that’s 75% owned by Denver-based Armstrong. Repsol owns the rest of this well.
(Excerpt) Read more at ktla.com ...
This may have been posted under another title but, here it is anyway.
Fill up that pipeline!
OH no peak oil again what is one going to do.
I can see getting a V8 Camaro with the Vette engine, cheap gas means never having to own a slow ass econocar.
Alaska Ping!
Shoots the peak oil alarmist/nut jobs out of the water.
455 hp and 455 ftlb. torque, and a motor that roars to life when the engine starts. 0-60mph in 4.2 sec. While they are at it lets get Anwar producing revenue, and lets pay down the $20 trillion in debt.
Why is gas at the pump close to $3.00???
If Obama or Hillary were Prez, this find would be placed off limits, after the government jerked around would be bidders and explorers for 3 to 5 years.
How much of that $3.00 is federal and state taxes?
The best series explaining earth's journey since formation is How the earth was made. Snow ball earth through the major extinction of life when the Siberian earth fissure opened up. It can be seen on YouTube in 10 episodes
We have no idea what the normal conditions of this planet are based on 4.5 billion years of deep time.
Oil has peaked.
Trump has peaked.
We’re all gonna die.
Well I’ve told this story before, but what the hey...
Years ago I’m standing in line at a check out counter. A guy behind me says something and I ask him what he does.
Says he’s a hydraulic engineer and works in Prudhoe Bay, Alaska. SO I ask him if the pipeline is gonna run dry, etc.
No Way! He says... they have so much oil up there, you could swim in it, or something like that.
Every day oil engineers go out to remote places (on the continental shelf, but over the water, and do test drillings. Every day, they come back to base with these quart jars full off this stuff that’s so clean it looks like Wesson oil or something.
His estimate was that there was enough oil there to last hundreds of years.
This find is worth billions of dollars obviously... I am sure that those who discovered it, held off he announcement until they had their ducks in a row. If Hillary had been elected this would have meant hundreds of millions of dollars in contributions to the “Clinton Foundation”.
OIL! OIL! free gas for everyone! Its “our right” to free gas! :>)
Where is that? I paid $2.03 on Friday.
Too bad that our environmental policy won’t allow us to drill.
Oh. Wait.
Winning!
Oh I’m sure McConnell is laying the groundwork for blocking development progress upon seeing this news.
Yet another “peak oil” story... not.
You beat me to it. (and I was already logged in)
Excerpting your statement, the irony to me is absolutely that. We have no idea what normal conditions are but scientists are constantly making claim to what the age of the earth is (that changes too as "geologists" make "new" discoveries) and what conditions were like.
So much for what I was taught in public school in the sixties/seventies.
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