Saw this coming back in 2012 - 2014. My timing was too early else I would be the richest member in my family history. The Obama Administration wouldn’t sign off on an export application from my group.
The Bakken has 10 X the proven reserves of Saudi Arabia. The Permian Basin is producing an overflow of oil never before seen in its history.
Refineries are coming back online so quickly. Just a few years they were mothballed, disassembled, sold and shipped overseas. They are so valuable because they are made to US standards and are built to last hundreds of years. American engineering truly had a golden age that was set back for decades by politics. Now with President Trump, it’s all coming back. The young people of today are so fortunate.
On top of this, the USA has so much natural gas that comes out with the oil pumping that it has to be flared (burned) off, wasted.
It’ a whole different world now that most thought impossible just a few short years ago.
Yeah, then why is the price of gas going up?
And I believe explorers discovered 80 billion barrels of oil off the coast of Bahrain and lots of natural gas too!
It’ a whole different world now that most thought impossible just a few short MONTHS ago!...................fixed it!................
On top of this, the USA has so much natural gas that comes out with the oil pumping that it has to be flared (burned) off, wasted.
!!!!
At night, coming home on highway 1804 running north out of New Town, looking across the Missouri, you could see the flare stacks burning, many miles away. To many to count while driving
“American engineering truly had a golden age that was set back for decades by politics. Now with President Trump, it’s all coming back. The young people of today are so fortunate.”
Hopefully Trump and his vision, together with 2 Pence (or Cruz, or anyone forward looking and patriotic) terms will do the trick. Of course, you also have to get gender and race studies out of STEM altogether, and not admit people on the basis of quotas, uh, ummm, excuse me, AFFIRMATIVE ACTION.
Too bad about your missed opportunity...but keep banging away at that door of opportunity, it’ll open up again.
Also there is a report I have seen that we have about 900 years of Frozen Methane at the bottom of the ocean that will be very disruptive in the whole energy schema
https://www.eenews.net/stories/1059978042
clip from the article above
The tests are being conducted in a methane hydrates formation located along the Nankai Trough off Japan’s south-central coast. Jogmec estimates that the site holds about 40 trillion cubic feet (tcf) of methane — enough to replace 11 years of LNG imports. Early estimates suggest that all of Japan’s offshore methane hydrates formations could hold enough natural gas to supply the country for 100 years.
While Japan was celebrating its success, a less-noticed assessment on America’s methane hydrate potential was published in a National Energy Technology Laboratory newsletter. The report by the Bureau of Ocean Energy Management estimated that methane hydrate formations along the U.S. East Coast contain 21,702 tcf of natural gas.
The greatest concentrations lie along the outer continental shelf from Rhode Island to North Carolina.
America’s Pacific coast could hold methane hydrates formations with an additional 8,192 tcf of natural gas, according to the report. An earlier analysis estimated that hydrate fields in the Gulf of Mexico could contain 21,444 tcf of natural gas.
That’s a total of 51,338 tcf of gas — a huge resource considering that the United States consumed 24.4 tcf of natural gas in 2011. Researchers are now analyzing data on the methane hydrates potential off Alaska’s Arctic shores.
Keep on truckin baby!