Keyword: drillbabydrill

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  • Oil Drops as U.S. Drilling Growth Threatens to Counter OPEC Cuts

    03/20/2017 4:19:48 PM PDT · by artichokegrower · 14 replies
    gCaptain ^ | March 20, 2017 | Mark Shenk
    Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures dropped as much as 1.9 percent in New York. Saudi Arabian Energy Minister Khalid Al-Falih said on March 16 that the kingdom may extend its cuts if supplies stay above the five-year average. A day later, though, data showed the U.S. rig count growing for a ninth week, and a Libya official said Sunday that the Es Sider and Ras Lanuf ports are preparing to restart oil exports.
  • Trump administration to repeal Obama'era fracking rule

    03/16/2017 7:18:02 AM PDT · by rktman · 17 replies
    americanthinker.com ^ | 3/16/2017 | Rick Moran
    President Donald Trump as a candidate promised to unshackle the American energy industry by undoing most of the job killing regulations created by the Obama administration. In a court filing, Justice Department lawyers revealed that the new administration is planning to repeal the Obama hydraulic fracturing rule, that placed severe restrictions on the process of getting oil and natural gas from shale. Earlier yesterday, the administration said they would roll back some of the automobile emissions standards and curtail other Obama administration environmental rules on water and coal leasing.
  • Trump admin halts Obama-era rule on fracking on public land

    03/16/2017 6:06:01 AM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Mar 15, 2017 10:22 PM EDT | Matthew Daly
    The Trump administration is rolling back an Obama administration rule requiring companies that drill for oil and natural gas on federal lands to disclose chemicals used in hydraulic fracturing, better known as fracking. The administration said in court papers Wednesday that it is withdrawing from a lawsuit challenging the Obama-era rule and will begin a new rule-making process later this year. The Interior Department issued the rule in March 2015, the first major federal regulation of fracking, the controversial drilling technique that has sparked an ongoing boom in natural gas production but raised widespread concerns about possible groundwater contamination and...
  • Trump said to be gearing up for expanded Arctic oil exploration opportunities

    03/13/2017 12:38:34 PM PDT · by Hojczyk · 5 replies
    Hot Air ^ | March 13,2017 | Jazz Shaw
    Still, some of the degradation in the process left behind by Barack Obama could be cleaned up fairly quickly. One aspect of that is found in the scheduling of new leases for drilling. (Bloomberg) Senator Lisa Murkowski said President Donald Trump is interested in opening up new coastal waters for oil and gas drilling and reversing Obama-era policies that restrict energy development in Alaska. Both Trump and Interior Secretary Ryan Zinke are weighing ways to expand opportunities to drill in Arctic waters though the changes could take years to accomplish administratively, Murkowski said in an interview on the sidelines of...
  • Massive Oil Discovery in Alaska Is Biggest Onshore Find in U.S. in 30 years

    03/12/2017 8:32:52 AM PDT · by rktman · 84 replies
    ktla.com ^ | 3/10/2017 | unknown
    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...
  • Oil Price Down Nearly 10% Over The Past Three Days

    03/10/2017 10:12:48 AM PST · by Steely Tom · 42 replies
    NASDAQ WTI Petroleum Price ^ | 10 March 2017 | Petro Market
    The of oil is down, from $53 on 7 March, to a bit above $48 today. This, going into the summer driving season.
  • Harold Hamm: U.S. Shale Spending Binge Could Destroy Oil Market

    03/09/2017 8:36:00 AM PST · by bananaman22 · 22 replies
    Oilprice.com ^ | 09-03-2017 | Hamm
    In a rather unconventional warning, Continental Resources chief executive Harold Hamm said on Wednesday that should the U.S. oil industry embark on another spending spree, it could “kill” the market. Speaking at the CERAWeek conference in Houston – one of the largest gatherings of oil executives and ministers, including this year Saudi Arabia’s oil minister Khalid Al-Falih – Hamm said that U.S. crude oil output “could go pretty high”. But Hamm was quick to add, as quoted by Bloomberg: “But it’s going to have to be done in a measured way, or else we kill the market.”
  • Trump Opens ‘All Available’ Gulf Of Mexico Waters To Oil Drilling

    03/07/2017 12:32:55 PM PST · by 2ndDivisionVet · 124 replies
    The Daily Caller ^ | March 7, 2017 | Michael Bastasch
    The Department of the Interior will include “all available” federal waters in the Gulf of Mexico that have not already been leased out for offshore oil drilling. Interior Secretary Ryan Zinke announced Monday 73 million acres off the coast of Texas, Louisiana, Mississippi, Alabama, and Florida would be offered at a lease sale in August as part of the Interior Department’s five-year leasing plan. “Opening more federal lands and waters to oil and gas drilling is a pillar of President Trump’s plan to make the United States energy independent,” Zinke said in a statement. Interior finalized its current five-year offshore...
  • Trump hails new Exxon jobs plan (45,000 new jobs in Louisiana and Texas)

    03/06/2017 4:51:51 PM PST · by 2ndDivisionVet · 17 replies
    The Hill ^ | March 6, 2017 | Devin Henry
    President Trump on Monday hailed oil giant Exxon Mobil Corp.’s announcement of a major jobs and manufacturing plan for Texas and Louisiana. Exxon said it has embarked on a $20 billion plan to build or update manufacturing and refining facilities on the Gulf Coast, something the company predicts will create 45,000 news jobs. In a statement, Trump said that is “is exactly the kind of investment, economic development and job creation that will help put Americans back to work.” “Many of the products that will be manufactured here in the United States by American workers will be exported to other...
  • No Peak Oil For America Or The World

    03/02/2017 4:08:34 PM PST · by Brad from Tennessee · 32 replies
    Forbes ^ | March 2, 2017 | By James Conca
    Oil is more plentiful than you can imagine. And we keep figuring out easier and more economical ways to get it out of the ground. In 1938, the famous geologist M. King Hubbert came up with the concept of peak oil, which is defined as having extracted half of the recoverable, conventional oil reserves. After that, oil production declines and cannot keep up with growing demand as the population continues to rise. In Hubbert’s time, most of the conventional oil reserves had already been discovered. Hubbert went on to predict that U.S. production would peak in 1969, and it did...
  • Oil Exports: One place where America is getting great again fast

    03/01/2017 11:40:10 AM PST · by SeekAndFind · 44 replies
    American Thinker ^ | 03/01/2017 | Monica Showalter
    Headline you don't see too many places: U.S. oil exports are blowing past expectations That's from Mike Allen's pretty good new news site, Axios, which is fast becoming one of my favorites. The U.S. is blowing away OPEC and other petrotyrant states with a stunning upsurge in oil sales abroad. Up until December 2015, oil exports weren't even legal from the states. Thirteen months later, we are conquering the market and becoming the Big Dog through our energy companies' rising production, eclipsing every petrotyrant this side of Hugo Chavez. Get a load of the chart from Forbes. Which reminds...
  • Lawmakers renew push for drilling in Alaska wildlife refuge

    02/23/2017 11:57:00 AM PST · by BradtotheBone · 6 replies
    Associated Press ^ | February 23, 2017 | DAN JOLING
    ANCHORAGE, Alaska (AP) — Former U.S. Sen. Frank Murkowski in 2001 gave a speech urging colleagues to approve oil drilling in America's largest wildlife refuge. The Alaska Republican held up a blank sheet of paper to illustrate his point. The field of white, he said, was all you could see each winter on the coastal plain of the Arctic National Wildlife Refuge, implying that such a barren landscape would not be harmed by oil rigs. Sixteen years later, Murkowski's daughter is trying again. U.S. Sen. Lisa Murkowski is sponsoring legislation to open the refuge that takes up Alaska's northeast corner...
  • ‘’U.S. Oil Production To Soar By 3.5 Million Bpd Over The Next Five Years’’

    02/21/2017 1:42:46 PM PST · by bananaman22 · 19 replies
    Oilprice.com ^ | 21-02-2017 | 21-02-2017
    Two years ago, when Saudi Arabia launched an unprecedented campaign to crush high-cost oil producers, in the process effectively putting an end to the OPEC cartel (at least until last year's attempt to cut production), it made a bold bet that U.S. shale producers would be swept under when the price of oil tumbled, leading to a tsunami of bankruptcies, as well as investment and production halts. To an extent it succeeded, but where it may have made a glaring error is the core assumption about shale breakeven costs, which as we reported throughout 2016, were substantially lower than consensus...
  • Take Back Al Gore's Nobel And Give It To The Fracking Industry

    02/19/2017 7:29:37 AM PST · by rktman · 4 replies
    investors.com ^ | 2/17/2017 | Editors
    Climate Change: U.S. output of so-called greenhouse gases continues to decline, a new report shows. Even so, global warming activists are likely to be disappointed. The drop has nothing to do with their pet cause, alternative energy. That's right. The Environmental Protection Agency's yearly greenhouse gas emissions report noted that after rising slightly in 2013 and 2014, greenhouse gas output fell in 2015 — the most recent full year for which data are available. OK, but maybe it was a one-year fluke? Hardly. First off, the drop was significant in size — 2.2% on an annual basis, far too big...
  • Trump Signs First Bill, CNN Livid

    02/14/2017 4:46:56 PM PST · by Kaslin · 22 replies
    Rush Limbaugh.com ^ | February 14, 2017 | Rush Limbaugh
    RUSH: Hey, in the midst of all of this, Trump just signed his first bill today, first piece of legislation. You know what it does? I was watching CNN. They’re just livid. CNN is reporting that Trump’s bill that he signed weakens oil and gas and mining regulations. And you should have seen them when they announced this. They’re just shaking their heads, “Oh, my God.” And what they’re shaking their heads about is he won’t stop. We can’t make him stop! We thought we had him paralyzed with Flynn, he just keeps doing it. And that’s what’s gonna continue...
  • Trump Just Made The Biggest Sale Of Drilling Rights On Federal Land In 4 Years

    02/11/2017 1:26:30 PM PST · by HarleyLady27 · 66 replies
    The Daily Caller ^ | Feb 11, 2017 | Andrew Follett
    The Bureau of Land Management (BLM) made its largest lease sale in four years, marking the start of President Donald Trump’s plans to expand drilling on federal lands. BLM sold drilling rights on 278 parcels of public land for $129.3 million. Bids ranged from $2 per acre to $16,500 per acre. The land sold was mostly located in Wyoming — about half of which is directly controlled by the federal government.
  • DELINGPOLE: Why Renewables Are Doomed and Fossil Fuels Are the Future

    02/09/2017 7:44:32 AM PST · by rktman · 69 replies
    breitbart.com ^ | 2/8/2017 | James Delingpole
    We’re on the verge of a new energy revolution. Except it’s the exact opposite of the one the “experts” at places like BP, the International Energy Agency and – ahem – the Guardian are predicting. For years we’ve been assured by politicians, energy industry specialists and green advocates that renewables such as wind and solar are getting more and more cost-competitive while dirty fossil fuels are so discredited and wrong and evil we’ll soon have to leave them in the ground. But to believe this you’d have to believe in a world where Donald Trump and Brexit hadn’t happened; where...
  • Trump Tax Reforms Could Cause Oil Production Surge: Goldman Sachs

    01/30/2017 7:36:06 PM PST · by 2ndDivisionVet · 10 replies
    Ship & Bunker ^ | January 26, 2017 | Staff
    His first week in office is proving U.S. president Donald Trump to be, if nothing else, true to his word in acting upon campaign promises, and Goldman Sachs believes the brash billionaire's proposed tax reforms may result in a 25 percent upward surge of West Texas Intermediate futures. This in turn could trigger large-scale domestic oil production, according to Goldman analysts, referring to the outcome of the push by House of Representative Republicans for a shift to border-adjusted corporate tax (BTA), whereby imports into the States would be taxed but U.S. business export revenues would be exempt from corporate taxation....
  • < vanity > Pres. Trump Please Lift the Anwar, AK drilling ban < /vanity >

    01/30/2017 9:29:37 AM PST · by central_va · 7 replies
    1/30/17 | self
    Data from the last seismic survey done in the ANWR in the early 1980s suggest the region potentially contains some ten billion barrels of recoverable oil, says Houseknecht—enough to meet U.S. demand for about a year and a half. But the uncertainty is large. In 2002, estimates of the recoverable oil in the vast National Petroleum Reserve-Alaska (NPRA), to the west of Prudhoe Bay, were also more than ten billion barrels. That estimate fell by 90 percent in 2010 after exploratory wells found mostly gas. What Obama's Drilling Bans Mean for Alaska and the Arctic
  • Despite Trump’s Rhetoric: U.S. Needs OPEC Oil

    01/25/2017 7:19:49 AM PST · by bananaman22 · 22 replies
    Oilprice.com ^ | 25-01-2017 | Tsvetana
    President Donald Trump is taking his ‘America First’ energy plan from the campaign trail to the White House website, vowing to achieve energy independence from OPEC and any nations hostile to U.S. interests. Trump is not the first U.S. President to have promised energy independence. At the height of the 1973 Arab oil embargo, Richard Nixon suggested a project to ensure that by the end of the 1970s, “Americans will not have to rely on any source of energy beyond our own”. More than 40 years later, America continues to rely on foreign oil imports, and is a large importer...
  • Safety Records Show Pipelines Best Method for Transporting Oil

    01/24/2017 8:26:57 AM PST · by VitacoreVision · 12 replies
    The New American ^ | 20 October 2014 | Bob Adelmann
    The combination of the Obama administration’s intransigence in approving the Keystone XL pipeline and the exponential explosion in the production of crude oil, especially from the Bakken formation in North Dakota, has put increasing pressure on alternative modes of transportation to get that crude to refineries and customers. But with the increasing use of alternative modes such as barges, railcars, and over-the-road tanker trucks has come a growing concern about safety.A series of rail accidents over the last several years has caught the attention of the Department of Transportation, and CNBC has tried its best to question the viability of...
  • Trump to advance construction of both Keystone XL and Dakota Access pipelines

    01/24/2017 11:13:54 AM PST · by Sean_Anthony · 17 replies
    Canada Free Press ^ | 01/24/17 | Dan Calabrese
    Drill baby drill . . . and transport it too. If you had issues with Donald Trump, but you figured he might be worth rolling the dice if there was the hope of four or five things good things happening, what might have been on your list? The Supreme Court, certainly. The ObamaCare repeal, absolutely. For me, one of the issues close to the top as well was energy independence. And that doesn’t only include drilling for domestic resources. Most people don’t realize what a big problem transport infrastructure is, and the Keystone XL and Dakota Access pipelines were supposed...
  • Trump To Sign Executive Orders Advancing Keystone, Dakota Pipelines

    01/24/2017 6:55:10 AM PST · by blam · 36 replies
    Zero Hedge ^ | 1-24-2017 | Tyler Durden
    January 24, 2017 It is just day two of his presidency, and already Trump is taking a sledgehammer to the Obama legacy: in his latest move reported moments ago by Bloomberg, president Trump intends to sign two executive actions today "that would advance construction of the Keystone XL and Dakota Access pipelines", putting a spoke, so to say, in the train wheels of Warren Buffett's train-based oil transportation quasi-monopoly. Keystone was rejected under former President Barack Obama. Trump’s move on Energy Transfer Partners LP’s 1,172-mile Dakota Access project aims to end a standoff that has stalled the $3.8 billion project...
  • Donald Trump vows to unlock $66 trillion shale oil and gas revolution

    01/23/2017 12:32:21 PM PST · by 2ndDivisionVet · 55 replies
    The Australian ^ | January 23, 2017 | Graham Lloyd
    US President Donald Trump has pledged to unlock a $US50 trillion ($66 trillion) shale oil and gas revolution and boost development of low emissions coal technology for electricity. The Energy First plan was outlined as the top priority in President Trump’s first action statement after being sworn into office. The statement committed Trump to scrapping the Obama government’s Climate Action Plan but did not mention renewable energy or whether the US would remain in the Paris agreement. It was a full endorsement of the future use of fossil fuels. The Trump plan mirrors debate in Australia over energy security. The...
  • Donald Trump could make US world-leader with $25 dollar oil, claims Wall Street analyst

    01/18/2017 10:35:01 PM PST · by 2ndDivisionVet · 38 replies
    Energy Voice ^ | January 19, 2017 | Alan Shields
    A leading Wall Street investment expert claims that Donald Trump could make the US a world leading “energy powerhouse” during his presidency. Joseph Grinkorn, chief executive officer of Morris Group, believes the presidential elect could force global oil prices as low as $25 dollars a barrel by tapping into America’s reserves. Mr Grinkhorn, a New York-base entrepreneur that specialises in finance, claims that the Republican’s first 100 days in office could be a “game changer” for the global energy industry. Both OPEC and non-OPEC member countries have already agreed to cut production for the first six months of this year...
  • You'll be Shocked and Amazed at the Speed of this Draw with a Glock

    01/17/2017 8:22:16 AM PST · by w1n1 · 22 replies
    Am Shooting Journal ^ | 1/17/2017 | C Raleigh
    If you watched the late Bob Munden when he did his quick draw and shooting from the hip, it was amazing to watch. What's really kind of neat is that this type of shooting is similar to what law enforcement term “retention shooting”. Retention shooting was taught to the officers when they had to pull the weapon out and fire while in close proximity to a suspect. The history of it goes back to the early 1900's taught by William E Fairbairn the author of several tactical shooting books. Fast forward to modern day, the person in this video blasting...
  • ConocoPhillips: Big New Oil Discovery In Alaska Could Produce 100,000 Barrels Per Day

    01/15/2017 12:39:14 AM PST · by 2ndDivisionVet · 30 replies
    Seeking Alpha ^ | January 14, 2017 | Michael Fitzsimmons
    Yesterday ConocoPhillips' (NYSE:COP) Alaskan unit announced a big discovery in Alaska. The Willow discovery lies in the COP's Greater Mooses Tooth ("GMT") unit and consists of two wells which encountered 72 feet and 42 feet of net pay. 3-D seismic appraisal work will start this month, however initial estimates indicate the discovery could contain a recoverable oil potential of 300 million barrels of oil. As a result, Willow could produce up to 100,000 bpd of oil and first oil could come by 2023. ConocoPhillips has a 78% working interest in the play while Anadarko Petroleum (NYSE:APC) holds a 22% interest....
  • US Set to Become Energy Exporter by 2026 -EIA

    01/06/2017 5:39:42 PM PST · by artichokegrower · 13 replies
    Marine Link ^ | January 5, 2017 | Eric Haun
    The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the U.S. Energy Information Administration said on Thursday.
  • Obama admin blocks seismic surveys in Atlantic Ocean [for natural gas drilling]

    01/06/2017 9:21:45 AM PST · by Olog-hai · 16 replies
    Associated Press ^ | Jan 6, 2017 11:58 AM EST | Matthew Daly
    The Obama administration is denying permits for energy companies to conduct seismic surveys in the Atlantic Ocean to map potential drilling sites for oil and natural gas. The Interior Department said it denied six pending applications in part because Obama has blocked Atlantic drilling under a five-year offshore drilling plan finalized late last year. Environmental groups and some East Coast lawmakers oppose the surveys, saying that loud sounds from seismic air guns could hurt marine life. …
  • Not The Legacy He Imagined? U.S. Oil Production Up 80 Percent Under Obama

    01/04/2017 11:48:31 AM PST · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 12/27/2016 | Tom Gantert
    When President Barack Obama took office in January 2009, the U.S. was producing 4.9 million barrels of oil per day. A month before Obama leaves office, domestic oil production stands at 8.8 million barrels per day, an increase of 80 percent. The increase is due primarily to industry innovators who combined two older technologies — hydraulic fracturing and horizontal drilling. This has benefited consumers in the form of both lower pump prices and smaller heating bills. Now with President-elect Donald Trump taking office, energy analysts are optimistic that the U.S. will produce even more. Trump’s advisers have said that the...
  • ‘Untapped Energy:’ Trump Promises A $50 Trillion Economic Stimulus

    01/03/2017 8:37:15 PM PST · by 2ndDivisionVet · 98 replies
    The Daily Caller ^ | September 23, 2016 | Michael Bastasch
    Republican presidential candidate Donald Trump laid out his energy plan to industry experts Thursday that included policies to unleash $50 trillion from “untapped” oil, natural gas and coal reserves. Trump said “untapped energy — some $50 trillion in shale energy, oil reserves and natural gas on federal lands, in addition to hundreds of years of coal energy reserves,” according to The Wall Street Journal report on the candidate’s speech at an energy summit in Pittsburgh, Penn. It’s all part of Trump’s plan to boost lagging energy production on federal lands. Trump said he would open up all federal lands to...
  • LA Times: California’s Next AG Must Take On Exxon’s Climate History

    12/31/2016 9:45:15 AM PST · by rktman · 28 replies
    dailycaller.com ^ | 12/30/2016 | Chris White
    The Los Angeles Times thinks California’s next attorney general must place the investigation into Exxon Mobil’s climate change research at the top of their “to do” list. Whoever becomes California’s next attorney general will have to address the probes and allegations that Exxon lied to the public and investors at the seriousness of man-made global warming, the LA Times editorial board wrote Friday.
  • U.S. Shale Is Now Cash Flow Neutral

    12/23/2016 8:14:24 AM PST · by Lorianne · 10 replies
    Oil Price ^ | 20 December 2016 | Nick Cunningham
    U.S. Shale Is Now Cash Flow Neutral By Nick Cunningham - Dec 20, 2016, 4:00 PM CST Oil Rig Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the U.S. shale industry became cash flow neutral for the first time ever. That isn’t a typo. For years, the drilling boom was done with a lot of debt, and the revenues earned from steadily higher levels of output were not enough to cover the cost of drilling, even when oil prices traded above $100 per barrel...
  • Report: Obama Will Permanently Block Arctic Drilling Before Trump Takes Office

    12/20/2016 9:15:20 AM PST · by ColdOne · 71 replies
    dailycaller.com ^ | 12/20/16 | Michael Bastasch
    The Obama administration will use a legal strategy crafted by environmental activists to remove sections of the Arctic and Atlantic oceans from future offshore drilling lease sales, according to two sources familiar with the plan told Bloomberg. For months, environmentalists have been urging President Barack Obama to use Section 12(a) of the Outer Continental Shelf Lands Act, a 1953 law governing offshore drilling, in a way it’s never been used before — to block offshore drilling leases in the Atlantic Ocean and the Chukchi and Beaufort seas.
  • Trump’s Energy Advisor Hamm: We Are So Much Stronger Than The Saudis

    12/08/2016 10:36:44 AM PST · by bananaman22 · 8 replies
    Oilprice.com ^ | 08-12-2016 | Hamm
    U.S. crude oil production is not expected to rise much next year from the current levels of around 8.6 million bpd, energy mogul Harold Hamm said at the S&P Global Platts Global Energy Outlook Forum on Thursday. If the United States were to go all out with oil production, it could probably double to 20 million barrels per day, according to Hamm, but that it would be “foolish for us to do that” precisely because it would create an oversupply. Hamm called the OPEC deal that lifted prices wise on their part, but that OPEC’s previous attempt to out-stay and...
  • Donald Trump Picks GOP Oil Industry Ally, Oklahoma Attorney General Scott Pruitt, to Lead EPA

    12/07/2016 12:41:47 PM PST · by springwater13 · 84 replies
    NBC News ^ | Dec 7 2016, 3:34 pm ET | Emma Margolin
    Donald Trump intends to select Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, a senior transition official confirmed to NBC News Wednesday — the clearest sign yet the president-elect will pursue an agenda that could undue President Obama's climate change legacy. An ally to the fossil fuel industry, Pruitt has aggressively fought against environmental regulations, becoming one of a number of attorneys general to craft a 28-state lawsuit against the Obama administration's rules to curb carbon emissions. The case is currently awaiting a decision from the United States Court of Appeals for the District of Columbia, which...
  • Letter from Pennsylvania: Allegheny County’s Shale Gas Reserves are Huge

    12/06/2016 2:32:29 PM PST · by Kaslin · 11 replies
    Townhall.com ^ | December 6, 2016 | Colin McNickle
    Simply put, the numbers are stunning: In Allegheny County, Pa., alone, estimates of “totally technically recoverable reserves” of shale natural gas exceed 150 trillion cubic feet. “This is nearly five times the minimum required for classification as a super-giant gas field and enough natural gas to provide all of America’s needs for more than five years,” recently wrote Gregory Wrightstone and Justin Skaggs in Oil and Gas Investor. Wrightstone, a petroleum geologist/consultant at Wrightstone Energy Consulting in Allison Park, Pa., and Skaggs, a geologist with Pin Oak Energy Partners in Akron, Ohio, say at today’s depressed market prices, “the...
  • Trump's Energy Revolution Can't Come Soon Enough

    12/06/2016 5:00:57 AM PST · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 12/6/2016 | Staff
    Politics: If you want to know why the economy has been struggling so much under President Obama, look no further than the arbitrary and capricious decision by his Army Corps of Engineers to block the Dakota Access pipeline it had already approved. How many days does he have left in office? In July, the Corps said it had approved 200 water crossings and easements for the 1,172-mile pipeline to cross Lake Oahe, Lake Sakakawea and the Missouri River. When it's finished, the $3.8 billion project will transport 450,000 barrels of oil a day from western North Dakota to Patoka, Ill....
  • US Already Ready to Take Advantage of OPEC Cut

    12/05/2016 5:23:47 PM PST · by 198ml · 22 replies
    The American Interest ^ | 12/5/16 | TAI
    Don’t look now, but an American shale rebound is already underway. Operators have been steadily putting more oil rigs into operation for months now, and we’ve been seeing signs that the industry has been ready to stop a slide in output and start ramping up total U.S. production for months now. This week, as Reuters reports, the U.S. saw its rig count rise yet again.
  • A Trump U.S. Energy Boom

    11/27/2016 4:01:39 AM PST · by reaganaut1 · 16 replies
    Wall Street Journal ^ | November 26, 2016
    Donald Trump this week released a video detailing the plans for his Administration’s first 100 days, and one bright spot is his agenda for American energy. The President-elect promised to peel away government obstacles, and he will have plenty of work after President Obama’s eight-year regulatory onslaught. “I will cancel job-killing restrictions on the production of American energy, including shale energy and clean coal, creating many millions of high-paying jobs,” Mr. Trump said in his two-minute clip. “That’s what we want, that’s what we’ve been waiting for.” Here’s one place to look: Last week the Obama Administration finished a five-year...
  • The largest oil deposit ever found in America was just discovered in Texas

    11/18/2016 11:34:24 AM PST · by Lorianne · 49 replies
    Business Insider ^ | 16 November 2016 | Akin Oyedele
    The US Geological Survey said Tuesday that it assessed what could be the largest deposit of untapped oil ever discovered in America. An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas' Permian Basin. Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion. US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale-drilling technology to create an...
  • USGS Announces Its Largest Oil And Gas Discovery Ever In The States

    11/16/2016 9:06:41 PM PST · by fision · 48 replies
    NPR ^ | 11/16/2016 | Rebecca Hersher
    The U.S. Geological Survey says it has found the largest continuous oil and gas deposit ever discovered in the United States. On Tuesday, the USGS announced that a swath of West Texas known as the Wolfcamp shale contains 20 billion barrels of oil and 16 trillion cubic feet of natural gas. That is nearly three times more petroleum than the agency found in North Dakota's Bakken shale in 2013. As NPR's Jeff Brady reported, the amount of oil in the Wolfcamp shale formation is nearly three times the amount of petroleum products used by the entire country in a year....
  • Drill, Baby Drill! American Made Energy Makes America Great Again

    11/16/2016 6:40:52 PM PST · by Bratch · 19 replies
    Facebook ^ | November 16, 2016 | Sarah Palin
    Drill, Baby Drill! American Made Energy Makes America Great Again Permian, ANWR, Prudhoe, Bakkan…. and so much more. NOW is the time to shut off the Saudi oil cartel flow valve and develop our own God-given natural resources. The only excuse not to become energy independent is a political excuse. The inherent link between energy and security, and energy and prosperity, is real and recognized by every American except sketchy politicians and deceived faux environmentalists. We have the resources, we have the technology, we have the manpower. America has the highest environmental and worker safety standards in the world… it’s...
  • Vast Shale Oil Field in Texas Could Yield 20 Billion Barrels

    11/16/2016 5:21:43 PM PST · by smokingfrog · 32 replies
    ABC News ^ | 11-16-16 | David Warren
    A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said. The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and 1.6 billion barrels of natural gas liquids, the agency said in a release. The discovery is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations in the Dakotas and Montana, said Chris Schenk, a Denver-based research...
  • Permian’s Wolfcamp formation called biggest shale oil field in U.S.

    11/16/2016 5:06:48 PM PST · by RoosterRedux · 11 replies
    Joe Carroll
    Link only...Bloomie via Star Telegram$900 billion.
  • USGS announces largest estimate of oil and gas ‘ever assessed in the United States’

    11/16/2016 4:41:20 PM PST · by Kaslin · 103 replies
    Hot Air.com ^ | November 16, 2016 | JOHN SEXTON
    Tuesday the U.S. Geological Survey announced the largest ever assessment of “continuous oil” ever made in the United States. The Wolfcamp shale in the area of Midland, Texas is estimated to contain three times the oil and gas of the Bakken shale formation in Montana and North Dakota. From the USGS: The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey. This...
  • Saudi Arabia warns Trump on blocking oil imports

    11/16/2016 12:47:27 AM PST · by yoe · 34 replies
    Finanical Times ^ | Nnvember 15, 2016 | Pilita Clark
    Saudi Arabia has warned (Donald Trump) that the incoming US president will risk the health of his country’s economy if he acts on his election promises to block oil imports.In a sign of the difficulties Mr Trump faces over his campaign pledges to create “complete American energy independence” from “our foes and the oil cartels”, Saudi Arabia’s energy minister pointedly reminded the president-elect that the US “benefits more than anybody else from global free trade”, adding, “energy is the lifeblood of the global economy”.
  • Wall Or No Wall: Trump Needs The Mexican Oil Industry

    11/15/2016 2:32:23 PM PST · by bananaman22 · 34 replies
    Oilprice.com ^ | 15-11-2016 | Trumpster
    Two of Donald Trump’s main pledges during the presidential race were building a wall along the border with Mexico, and making the U.S. energy-independent. Now that the election is over, these issues are coming to the fore. First, the president-elect said that the wall, which he mentioned on the campaign trail and in numerous debates, is still very much on the table, though what type of “wall” that may be is an unknow. Second, he said he planned to start deporting illegal aliens—those with criminal records—which could amount to as many as three million individuals. Despite “The Wall”, the deportation...
  • Trump set to roll back Obama policies on energy, environment

    11/14/2016 4:11:51 PM PST · by mdittmar · 31 replies
    yahoo ^ | November 14, 2016 | [Associated Press] MATTHEW DALY and JULIE PACE
    WASHINGTON (AP) — President-elect Donald Trump is considering an oil billionaire and a North Dakota lawmaker for top posts as he moves to roll back President Barack Obama's environmental and energy policies and allow unfettered production of oil, coal and natural gas.
  • Doanld J. Trump May Hand Sarah Palin The Keys to Nation’s Public Lands, Wildlife

    11/14/2016 2:16:41 PM PST · by drewh · 239 replies
    ewg.org/enviroblog ^ | Monday, November 14, 2016 | By Alex Formuzis, Sr VP Communications and Strategic Campaigns
    "Drill, baby, drill!” During her bid for vice president in 2008, that was Sarah Palin's crowd-pleasing chant promoting her energy policy. Now the pithy catchphrase – and the former Alaska governor herself – could make a comeback. News reports say Palin is on President-elect Donald Trump's short list to head the Interior Department. As secretary of the interior, she'd be in charge of overseeing oil drilling, uranium mining and other energy extraction on 500 million acres of public land, including iconic national parks like the Grand Canyon. The pro-mining policies Trump and Palin could be expected to bring to Interior...