Posted on 02/03/2013 8:23:34 PM PST by 2ndDivisionVet
The US shale boom has led some to predict that it will overtake Saudi Arabia as worlds largest oil and gas producer by 2020, thanks to the massive reserves found in plays such as the Bakken Shale of North Dakota, the Marcellus Shale in New York, and the Eagle Ford Shale in Texas; even the newly discovered Tuscaloosa Shale formation in Louisiana holds large potential.
However there is a new shale formation that has been discovered in West Texas which could dwarf all others being drilled in the US at the moment.
The play is known as the Cline Shale play and has been discovered in the Permian Basin.
John Breyer a geologist at Marathon Oil Corp.(NYES: MRO) said that this new discovery could dwarf anything that exists in North Dakota...
(Excerpt) Read more at oilprice.com ...
**You wont last long here Troll.**
http://www.freerepublic.com/~perkalong/
Nope, perkalong is gone.
Thanks
Do you assume the cost to produce and refine the oil in your calculations?
Do you assume the cost to produce and refine the oil in your calculations?
Obama, Democrats, the EPA and the media will shut this down because they say oil causes global warming. But global warming is a hoax. the government spent trillions and decades researching , funding and creating this hoax. proves socialism/government never works and is the enemy
Time to pile on a zotted gore bull warming troll.
Hat tip to Texas Fossil at #29
And I can spend 15 minutes proving it’s hoax.
We are going to refine oil regardless of it being produced in the US or imported from an OPEC nation. The production cost is valid.
How about a nice fat SURCHARGE to the blue/RAT states, and a nice discount to the Red/normal-people states?
Earth First!
We’ll drill the rest later.
President Obama hasnt really backed down from anything yet, so I dont see him dropping his commitment to fighting climate change anytime soon regardless of the state.0bama promised to be the most transparent Administration in history - which was a total lie. 0bama promised no lobbyists at the WH - total lie. 0bama promised not to be partisan - full blown lie. 0bama promised not to go after guns -another lie. etc.
Thanks for the ping, TOL...Good riddance.
There are a few reasons.
Environmentalists in California are ferocious. They’ve teamed up with enviro-nazis in the government to prevent citizens from keeping their land. The BLM and American Land Conservancy together were trying to buy land in Kings County claiming it was for a wildlife preserve. There was a fish that caused the San Joaquin Valley to lose access to irrigation water - just so happens there is lots of oil under some of those farms.
This oil is covered by a layer of chert; a very hard sedimentary stone that is difficult to drill through.
http://geology.com/rocks/chert.shtml
Then, after drilling through the chert, the oil itself is very viscous and under low pressure. Gushers are few and the oil can be difficult to extract.
Yes, as soon as we get NASA back on track. ;-)
Now that I have a new computer to replace my deceased laptop, I can actually ping my whole list again!
You’re welcome!
My pleasure.
Clever, Sarge. Clever.
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