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Feds Discover Largest Oil, Natural-Gas Reserve in History
National Review ^ | December 6, 2018 | MAIREAD MCARDLE

Posted on 12/06/2018 2:26:32 PM PST by reaganaut1

The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.”

“Christmas came a few weeks early this year,” Secretary of the Interior Ryan Zinke said of the new reserve, which is believed to have enough energy to fuel the U.S. for nearly seven years.

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

(Excerpt) Read more at nationalreview.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: New Mexico; US: Texas
KEYWORDS: drillbabydrill; energy; interior; natgas; naturalgas; oil; palinwasright
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To: Sontagged

Check my Post 46


61 posted on 12/06/2018 3:23:18 PM PST by Cuttnhorse (Never fear the cow)
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To: Cuttnhorse

We were cross posting :)


62 posted on 12/06/2018 3:23:56 PM PST by Sontagged ("Let the dead bury their dead" - Jesus)
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To: reaganaut1

Have to figure that there is more than that. They always find more in those types of discovery than they estimate.


63 posted on 12/06/2018 3:24:07 PM PST by crz
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To: reaganaut1

Feds found it? Seriously? I have many Oil and Gas friends who actually sid, in spite of the government under Obama regulations.


64 posted on 12/06/2018 3:24:13 PM PST by richardtavor
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To: reaganaut1

Haven’t read any of the responses but I’m sure a few of them have pointed out that the FED’s didn’t discover a damn thing. They didn’t do any of the exploration or the drilling, they just discovered what those of us in the oil business here in West Texas have known for decades.


65 posted on 12/06/2018 3:24:16 PM PST by Dusty Road (")
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To: Sontagged

Yes, and Gold references this in his book...but it is still a “theory”...unlike man-caused global warming, cooling, whatever.


66 posted on 12/06/2018 3:25:08 PM PST by Cuttnhorse (Never fear the cow)
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To: Sontagged

LOL...happens!


67 posted on 12/06/2018 3:25:51 PM PST by Cuttnhorse (Never fear the cow)
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To: reaganaut1

WOW!!


68 posted on 12/06/2018 3:26:41 PM PST by painter ( Isaiah: �Woe to those who call evil good and good evil,")
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To: RinaseaofDs; PIF
No. 8*10^12 is > five orders of magnitude beyond 1.3*10^7. Almost six orders of magnitude.
69 posted on 12/06/2018 3:30:44 PM PST by goldbux (No sufficiently rich interpreted language can represent its own semantics. — Alfred Tarski, 1936)
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To: Michael.SF.
Fire up the "Wayback machine" and let's go see. 🐊🐍🐉🦄
70 posted on 12/06/2018 3:30:58 PM PST by rktman ( #My2nd! Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH)
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To: reaganaut1

fake news, barkie already said we can’t drill our way to energy independence.


71 posted on 12/06/2018 3:31:01 PM PST by 867V309 (Lock Her Up)
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To: reaganaut1

Next they’ll be finding corroboration for abiogenic oil.

CC


72 posted on 12/06/2018 3:33:25 PM PST by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: Leep

Could’ve happen without obama..ha ha

I was enjoying the moment, and you had to bring up the name of that jamoke!

Bad, your rum ration should be cut for that sort of behavior.


73 posted on 12/06/2018 3:36:00 PM PST by DUMBGRUNT
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To: reaganaut1

More to be found if we explore hard enough.


74 posted on 12/06/2018 3:36:32 PM PST by 353FMG
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To: Revel

Look up the word “fungible” and get back to me on that statement.

CC


75 posted on 12/06/2018 3:36:40 PM PST by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: PIF

So I added up the list. This list represents about 175 million cubic meters of gas.

The US now has provens of 7.9 trillion cubic meters. If you combine our provens, with the ROW provens, the number looks like this:

7,900,175,000,000 cubic meters.

In other words, THE REST OF THE WORLD’S PROVEN RESERVES IS A ROUNDING ERROR.

We have 7,900 billions. The ROW has 175 millions.

Sometimes, the numbers get so large it is tough to have perspective on what it really means.


76 posted on 12/06/2018 3:36:41 PM PST by RinaseaofDs
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So is this fake news, old news, or no news?


77 posted on 12/06/2018 3:44:55 PM PST by TnTnTn
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To: goldbux

I thought it was every three in the exponent. 3,6,9,12 = 4 orders.

You see my latest post on that thread? The entire provens for the ROW are a ROUNDING ERROR.

We just became the Galactic Price Setter for Natgas. One country all by itself, if this really is true.


78 posted on 12/06/2018 3:45:17 PM PST by RinaseaofDs
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To: mozarky2

#gaiatoo


79 posted on 12/06/2018 3:47:03 PM PST by Repeat Offender (While the wicked stand confounded, call me with Thy saints surrounded.)
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To: Cuttnhorse
As time goes by I am becoming more convinced of the validity of theories on abiogenic oil.

Funny you mention Carlin. In the '90's I was involved in several projects at both Barrick and Newmont. Spent many hours at both sites (though primarily at the Barrick site).

80 posted on 12/06/2018 3:47:38 PM PST by Michael.SF. (California: knowingly give someone aids: misdemeanor. Give them a straw, go to jail.)
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