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 ...
Those dinosaurs didn't die out they just moved underground to keep us supplied with fossil fuel.
That’s what the Russians say.
Dinosaurs have nothing to do with oil. Is what I am saying.
“Aren’t there scientists convinced that oil is a plant like biologic substance?”
Not THIS scientist.
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.
How is this possible?, being that Americans are lazy and all.
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.
God loves us in spite of ourselves. Cheap energy for the rest of my life, thank you, Lord.
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 ...
Because oil is not a “fossil” fuel. Petroleum is produced deep within the Earth.
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.
I like the country around Alpine, Texas and the Fort Davis area. IMHO on of the better parts of Texas.
Rather dry and isolated, but I can see how a person could really get to like it there. We stopped in Fort Davis, too.
I was agreeing, unless you think I really meant dinosaurs are secretly making oil today?
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