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bamarep
Alabama Fan
Monkey Town
Member since Nov 2013
37510 posts
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Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
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quote:

The U.S. Geological Survey announced Thursday that it discovered one the largest new sources of oil and natural gas under Texas and New Mexico. "Christmas came a few weeks early this year," Interior Secretary Ryan Zinke said as he unveiled the new find. "American strength flows from American energy, and as it turns out, we have a lot of American energy." Zinke said the new assessment makes him even more bullish that "American energy dominance is within our grasp as a nation."


quote:

The new shale oil and gas formation known as Wolfcamp, which is adjacent to the oil-rich Permian region in Texas, contains an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas and 20 billion barrels of natural gas liquids, according to the U.S. Geological Survey. "The results of this most recent assessment and that of the Wolfcamp Formation in the Midland Basin in 2016 are our largest continuous oil and gas assessments ever released,” said Dr. Jim Reilly, director of the U.S. Geological Survey. “Knowing where these resources are located and how much exists is crucial to ensuring both our energy independence and energy dominance.”



OPEC just collectively shite their pants and Obama is trying to figure out how to take credit for this.







Muh finite resources!


WildTchoupitoulas
Oscillating Fan
Member since Jan 2010
30757 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Damn, that's bad news.


Tiger Prawn
LSU Fan
Member since Dec 2016
10030 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Truck nuts [ON] OFF


bamarep
Alabama Fan
Monkey Town
Member since Nov 2013
37510 posts
 Online 

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Go ahead bootlicker, tell us how inexpensive fuel and energy independence is a bad thing.


Even you dumbasses can't spin this as bad.


BobBoucher
LSU Fan
Overland Park, KS
Member since Jan 2008
7839 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Muh finite resources!


Well, they are finite, technically.


225bred
USA Fan
COYS
Member since Jun 2011
14273 posts
 Online 

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
I will wait until 90Proof and IB Reeeeeman chime in.


Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
10428 posts
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re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
I guess we are clear from pea oil for a while longer lol


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50
brian_wilson
LSU Fan
Member since Oct 2016
2768 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
I am always amazed when they find these things. Doesnt' west texas already have a ton of oil/ng? How is that they are just finding this now?


TeLeFaWx
SMU Fan
Dallas, TX
Member since Aug 2011
24478 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
The USGS updated the proven/probable reserves of the wolfcamp, a well known formation that's been producing for years. These sensationalist headlines are odd.


cokebottleag
Texas A&M Fan
King of Knee Jerk Reactions here.
Member since Aug 2011
20055 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Where is that gif from????

I can’t imagine ever having a reason to set a well on fire.


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27
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Bunyan
LSU Fan
Bossier City, LA
Member since Oct 2016
11905 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Damn, that's bad news.

It's good news for the country so libs think it's terrible news! Seek help



WildTchoupitoulas
Oscillating Fan
Member since Jan 2010
30757 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Even you dumbasses can't spin this as bad.

Low energy prices are bad for Louisiana.

Less jobs here, less severance tax revenue for the state - leading to another budget crisis.

Before that find, I was seeing gas in BR going for just over $2.00 a gallon. That's ALREADY inexpensive. As a matter of fact, it's cheaper than the 35 cents per gallon they were paying back in '65, before the oil embargoes - adjusted for inflation.


WildTchoupitoulas
Oscillating Fan
Member since Jan 2010
30757 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

It's good news for the country so libs think it's terrible news! Seek help

Guess what, Bossier, that's going to collapse the fracking industry that's been going on around your part of the country.



kingbob
LSU Fan
Sorrento, LA
Member since Nov 2010
45440 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
As with most things, what’s good for the nation is bad for Louisiana and vice/versa.


idlewatcher
LSU Fan
Houston
Member since Jan 2012
36425 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
That gif is awesome.


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HailHailtoMichigan!
Michigan Fan
Trabuco Canyon, CA
Member since Mar 2012
48366 posts
 Online 

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Remember the peak oil BS theory?

Lol


WildTchoupitoulas
Oscillating Fan
Member since Jan 2010
30757 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

As with most things, what’s good for the nation is bad for Louisiana and vice/versa.

Yep.


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22
Enfuego
Tulane Fan
Houston
Member since Mar 2009
9228 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Uh the Wolfcamp isn't a new discovery? The Permian boom in NM and TX has been going on for a while now - with the Wolfcamp being the most actively drilled formation.


wickowick
LSU Fan
Head of Island
Member since Dec 2006
38288 posts
 Online 

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM


WildTchoupitoulas
Oscillating Fan
Member since Jan 2010
30757 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Remember the peak oil theory?

Yes.

Peak discovery occurred in the 60s.

Unless you think petroleum is a renewable resource, peak oil is inevitable. Sorry.


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