Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Travis McGee
I lived in Longview, Texas for a few years in the 80's. There was a little clique of oldtimers, oilpatch trash they called themselves, who met at the bar of a restaurant downtown. They all said that the Caddo Pool was nowhere near tapped out and represented 20 years of supply without drilling a single new well.

These old boys were drillers and lease pumpers who had been in the biz since the 30s and 40s. According to them, Texas/Louisiana oil had just been capped off by pricing agreements established under Nixon's phony "Energy Crisis" which one of them claimed was a load of hooey from the jump, invented as a way of establishing dependency on the OPEC cartel.

If they were right, there's plenty of oil to be pumped right here without drilling in Alaska. We may find out if the scenario you expect plays itself out in the next few years.

56 posted on 10/15/2001 4:12:48 AM PDT by Twodees
[ Post Reply | Private Reply | To 26 | View Replies ]


To: Twodees
I think we will find oil all over the place when the arab oil stops flowing!

And our petroleum industry will BOOM! Lots of jobs in ASAP oil extraction.

63 posted on 10/15/2001 8:13:22 AM PDT by Travis McGee
[ Post Reply | Private Reply | To 56 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson