More jobs and WINNING.
Ping.
Give author a globe.
It is W Texas and E New Mexico
But Obama told us that we were running out of oil?
This is hugh positive news. The MSM will be reporting this to inform the public. /s
Not possible. “Hubbard’s Peak.” Conventional Wisdom, all the smart professors, all the big-time commentators, said we were played out, couldn’t go back to the old days, never happen, fantasyland.
Winning
WINNING!
Fracked wells drop off in productivity about 30% per year, much faster than conventional wells. At first this sounds like a bad thing but it actually has an oil price stabilizing effect. If oil prices fall, producers stop drilling and total output falls fairly quickly. If prices rise, new low cost fracking technologies are quickly deployed to raise output again. The boom and bust days of the oil industry aren’t going to be as severe as they used to be.
Sweet!
Awesome! Drill Baby Drill!
We are the cartel now.
Excellent!
Go, Trump, MAGA!
Everyone, go, be sure to VOTE to ensure a R majority in Congress to help president Trump.
Sarah Palin, batting her eyes, whispers: "That's my Trumpy!"
Bookmark
More jobs and WINNING.
I’m still not tired of winning.
That whole “America in decline” thing is so passe.
“President Donald Trump’s America First energy policy has catapulted the United States to the world’s largest global crude oil producer”
LOL, I remember, back not so long ago, how we had already reached “peak oil”. Alas, yes, we were using more oil than was being produced AND oil supplies were finite, taking millions of years to produce new oil.
So, I looked into it. Checking oil producers magazines and articles (the people who actually KNOW!). Guess WHAT! I read about the Bakkan formation.
“The Bakken Formation is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba. The formation was initially described by geologist J.W. Nordquist in 1953.”
(1953????)
“The USGS estimates that there may be 4.4 to 11.4 billion barrels of undiscovered, technically recoverable oil in the Bakken Formation”
Oil drilling innovations were making this oil and deeper offshore oil profitable.
Was the left suppressing this information and technology? Hmmmmm.
“....This information backs up the idea that Earth is actually an oil-producing machine. We call energy sources such as crude oil and natural gas fossil fuels based on the assumption that they are the products of decaying organisms, maybe even dinosaurs themselves. But the label is a misnomer. Research from the last decade found that hydrocarbons are synthesized abiotically.”
“In other words, as Science magazine has reported, the “data imply that hydrocarbons are produced chemically” from carbon found in Earth’s mantle. Nature magazine calls the product of this process an “unexpected bounty “ of “natural gas and the building blocks of oil products.””
“In biology and ecology, abiotic components or abiotic factors are non-living chemical and physical parts of the environment that affect living organisms and the functioning of ecosystems. Abiotic factors and the phenomena associated with them underpin all biology.”
https://www.investors.com/politics/commentary/we-are-not-running-out-of-oil-earth-produces-crude/
In other words oil is constantly being produced WITHOUT using dead flora or fauna.
Something we have been dreaming about for decades comes true. WINNING.