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How Does America Keep Finding Vast Stores of Energy?
Slate ^ | September 12, 2016 | Daniel Gross

Posted on 09/12/2016 4:22:31 PM PDT by 2ndDivisionVet

By completely overhauling the old rules of the business.

Last week, the Wall Street Journal reported on an energy bonanza. A company discovered a new field with “the equivalent of at least two billion barrels of oil” that “has the promise to become one of the biggest energy finds of the past decade.”

But the discovery wasn’t made by a foreign company in the Amazon, or deep in the waters off the coast off Africa, or in Kazakhstan—or any of the other politically treacherous, high-risk, low-infrastructure places where Big Oil has been prospecting for gigantic new gushers. Instead, the lucky firm was Texas-based Apache Corporation, which struck black gold in Texas’s Permian Basin, one of America’s most prolific and picked-over sources of oil and natural gas for decades. It’s as if vintners discovered millions of acres of previously unknown prime grape-growing territory in the Loire Valley. Or the owners of Vail Mountain suddenly happened upon miles of previously untouched ski slopes...

(Excerpt) Read more at slate.com ...


TOPICS: Business/Economy; Science
KEYWORDS: drillbabydrill; energy; fracking; oil; palinwasright; texas
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To: FreedomStar3028
Could it be that the Earth produces oil a lot faster than previously thought?

Those dinosaurs didn't die out they just moved underground to keep us supplied with fossil fuel.

21 posted on 09/12/2016 5:35:55 PM PDT by itsahoot (GOP says, Vote Trump. But if your principles won't let you, Hillary is OK.)
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To: Harpotoo

That’s what the Russians say.


22 posted on 09/12/2016 5:36:18 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: itsahoot

Dinosaurs have nothing to do with oil. Is what I am saying.


23 posted on 09/12/2016 5:42:12 PM PDT by FreedomStar3028 (Somebody has to step forward and do what is right because it is right, otherwise no one will follow.)
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To: FreedomStar3028

“Aren’t there scientists convinced that oil is a plant like biologic substance?”

Not THIS scientist.


24 posted on 09/12/2016 5:47:59 PM PDT by CodeToad
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To: Right Wing Assault

Arent the oil companies being unfair to ethanold, wind and solar? They will now need bigger subsidies (from oil company taxes) so they can save the planet.

After all, if they went back to producing corn and wheat the price of food might be affordable to the poor and then there would be no need for food stamps. That would be so terrible.


25 posted on 09/12/2016 5:51:55 PM PDT by spintreebob
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To: 2ndDivisionVet

How is this possible?, being that Americans are lazy and all.


26 posted on 09/12/2016 6:13:23 PM PDT by TexasM1A
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To: spintreebob
That would be so terrible.

Yes! More oil will make it difficult for the libs to keep their underlings on the plantation where they can take care of them like little pets. They would just HATE to not have people to "help" so they can feel good about themselves.

27 posted on 09/12/2016 6:18:32 PM PDT by Right Wing Assault (Kill TWITTER !! Kill FACEBOOK !! Free MILO !!)
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To: 2ndDivisionVet

God loves us in spite of ourselves. Cheap energy for the rest of my life, thank you, Lord.


28 posted on 09/12/2016 6:25:24 PM PDT by Tax-chick (Talk less. Smile more.)
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To: Parley Baer

I went to Alpine, Texas, with my late father, on an epic quest for the one Japanese alternator between San Antonio and El Paso. “Don’t y’all have a ‘Merican car?”

Good memories ...


29 posted on 09/12/2016 6:27:31 PM PDT by Tax-chick (Talk less. Smile more.)
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To: 2ndDivisionVet

Because oil is not a “fossil” fuel. Petroleum is produced deep within the Earth.


30 posted on 09/12/2016 7:11:27 PM PDT by captain_dave
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To: FreedomStar3028

Carbonate rock and water are drawn below one crustal plate by subduction of a second into the mantle. The carbon from the rock, and hydrogen from the water, form light gaseous hydrocarbon compounds which migrate upward to cooler zones suitable for additional chemistry. High pressure, high temperature, and the materials present assist in synthesizing heavy hydrocarbons from the supply of gases. That’s one theory.


31 posted on 09/12/2016 7:28:43 PM PDT by Ozark Tom
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To: Tax-chick

I like the country around Alpine, Texas and the Fort Davis area. IMHO on of the better parts of Texas.


32 posted on 09/12/2016 8:03:09 PM PDT by Parley Baer (")
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To: Parley Baer

Rather dry and isolated, but I can see how a person could really get to like it there. We stopped in Fort Davis, too.


33 posted on 09/13/2016 3:08:38 AM PDT by Tax-chick (Talk less. Smile more.)
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To: FreedomStar3028
Dinosaurs have nothing to do with oil. Is what I am saying.

I was agreeing, unless you think I really meant dinosaurs are secretly making oil today?

34 posted on 09/13/2016 8:39:05 AM PDT by itsahoot (GOP says, Vote Trump. But if your principles won't let you, Hillary is OK.)
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