Oxy Petroleum's Oil And Gas Discovery May Be California's Largest In 35 Years

http://www.latimes.com/business/la-fi-oxy23-2009jul23,0,2391281.story ^ | July 22nd 2009

[the invisib1e hand]

lots of reports of big finds. Gore and his hedge fund suck ups must be short the energies.

[kellynla]

Excellent news!!!

We sure could use some good news in CA for a change! LOL

[cpprfld]

Will we use it probably not. Thank you, government.

[randog]

We sure could use some good news in CA for a change!

I can hear the lawsuits flying as I type....

[Sundog]

This is one of Albert Gore’s more profitable stock holdings.

[Axenolith]

I’d figured Kern was the equivalent of a well used pin cushion by now, I’d love to know how deep they’re drilling...

[KarlInOhio]

Kern County is just north of Los Angeles County. Too bad it's not close enough to the border for the oil companies to be able to slant drill from a sane state that will allow drilling.

[Sicvee]

The Gore family fortune was/is? based on Occidental Petroleum stock. No way he’s shorting it.

[Principled]

150 million barrels?

Don’t we use that in 36 hours?

I’m happy we’re willing to go get it [if it won’t disrupt the napping habits of yellow bellied flea mites].... but it isn’t much oil, is it?

[kellynla]

“The company expects to drill more wells on its 1.1 million acres in California, where it is the largest natural-gas producer and third-largest oil producer in the state.

Occidental said it is probable that additional reserves exist on its acreage outside of the area defined by this discovery.”

http://money.cnn.com/news/newsfeeds/articles/djf500/200907221658DOWJONESDJONLINE000864_FORTUNE5.htm

[the invisib1e hand]

The Gore family fortune was/is? based on Occidental Petroleum stock. No way he’s shorting it.

I'd forgotten about that, or never cared to recall it to begin with.

Your conclusion isn't valid, but it's immaterial. My original post was more sarcasm than anything else.

[Army Air Corps]

Ping.

[kellynla]

“from a sane state that will allow drilling.”

You’re a little behind the times. LOL

RINOld has negotiated with Lefties to drill off-shore in Santa Barbara even!!!

[Vince Ferrer]

...might represent the biggest find in California in more than 35 years.

How much did anyone try in the last 35 years?

I smell a species becoming endangered in southern California tonight.

[microgood]

What is amazing is the 250 million barrels will supply the US for 12.5 days. I know it all adds up and this is good but it is still incredible how much is consumed across this country and the world.

[aruanan]

150 million barrels?

Don’t we use that in 36 hours?

That's about 79,166,666 gallons of gasoline per hour.

[John123]

So much for peak oil...

[kellynla]

” I can hear the lawsuits flying as I type....”

Kinda hard to sue somebody for drilling on their own land. LMAO

But we appreciate your “optimism” !

[tubebender]

There are more oil wells than cotton plants in Kern County...