Posted on 11/16/2016 9:06:41 PM PST by fision
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.
The New Middle Texas Town's Fortunes Rise And Fall With Pump Jacks And Oil Prices The USGS says all 20 billion barrels of oil are "technically recoverable," meaning the oil could be brought to the surface "using currently available technology and industry practices." "The Texas discovery is in a place that has been drilled before by conventional methods," Jeff reported for NPR's Newscast Unit. "But now that oil companies use horizontal drilling and hydraulic fracturing — or fracking — they can access reserves that previously were out of reach." "Changes in technology and industry practices can have significant effects on what resources are technically recoverable, and that's why we continue to perform resource assessments throughout the United States and the world," said Walter Guidroz, a program coordinator for the USGS Energy Resources Program, in the USGS statement. "Even in areas that have produced billions of barrels of oil, there is still the potential to find billions more," he said. The complete oil and gas assessment is publicly available here. A map shows the six separately assessed regions, designated according to depth by the petroleum industry, that make up the Wolfcamp shale.
Thank you Lord for giving us The United States of America. Is there anywhere else on Earth as beautiful and as full of the resources required to support and sustain its people?
Instead, you have Chuckie Schumer, Chris Dodd and Barney Frank to thank for your difficulties. They are the ones who “made it happen”. Oh, not to mention the Democrat Senators as a group, who filibustered the bill designed to correct the problems (the 2005 Mortgage Lending & Financial Reform Act).
Dodd-Frank was signed in 2010, so it’s a “RAT response” to the 2007 debacle. The hard fact of the matter is that Boosh was president with the crap hit the fan and my bet is that he was so wrapped up with his wars of liberation that he didn’t pay much attention to what was going on with the banksters.
I’ve been poking fun at the term “fossil fuel” for decades.
The very idea of oil coming from dinosaurs is hysterical.
Capped-off, dead wells in La. have been revisited decades later to be found replenished.
Funny how hydrocarbons are all over the outer solar system. Pretty sure we’re not going to find any fossils on Titan or Pluto.
There is a huge swath of “science” that is nothing more than secular humanist fantasy.
So the USGS made this discovery? Who knew that Obama has had crews out doing sesmic surveys? Maybe when the oceans started receding they allowed all this Texas Tea to bubble up.
Next up: massive amounts of clean coal found by the BLM.
I support the abiotic theory of where fossil fuels come from: Deep underground microbes.
NOT DINOSAURS!
The endangered Texas Permian snail is in that area. Obama won’t let any oil extraction happen.
I wasn't referring to Dodd-Frank. Instead I was referring to Sen. Chris Dodd, Chairman of the Senate Banking Committee, and Cong. Barney Frank, Chairman of the House Banking Committee. They knew what was going on at Fannie Mae and Freddie Mac. Indeed they had helped plan it, were profiting from it...and then conspired to hide it.
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