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Massive Oil Discovery in Alaska Is Biggest Onshore Find in U.S. in 30 years
ktla.com ^
| 3/10/2017
| unknown
Posted on 03/12/2017 8:32:52 AM PDT by rktman
Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades.
The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.
The new discovery was made in just the past few days in Alaskas North Slope, which was previously viewed as an aging oil basin.
Spanish oil giant Repsol and its privately-held U.S. partner Armstrong Energy announced the find on Thursday, predicting production could begin as soon as 2021 and lead to as much as 120,000 barrels of output per day.
The oil resources lie in a well, called Horseshoe, thats 75% owned by Denver-based Armstrong. Repsol owns the rest of this well.
(Excerpt) Read more at ktla.com ...
TOPICS: Business/Economy; US: Alaska
KEYWORDS: alaska; alaskaoil; bigoil; drillbabydrill; drillnow; energy; oil; palinwasright
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To: SaxxonWoods
I would be very curious to know...with all of these ‘official’ agencies predicting an oil shortage, did this manipate the market? And which tree hugging politician became rich over it?
41
posted on
03/12/2017 9:31:59 AM PDT
by
lacrew
To: Maine Mariner
How much of that $3.00 is federal and state taxes? Fed tax is 18.4 cents/gal. State taxes vary, with the high being 50.4 cents/gal. Then there's local sales tax, and hidden taxes, environmental fees, etc, related to running a gas station.
42
posted on
03/12/2017 9:32:54 AM PDT
by
PapaBear3625
(Big government is attractive to those who think that THEY will be in control of it.)
To: corkoman
Wholesale gas price is $1.46. Much of the difference between that and your pump price is taxes.
43
posted on
03/12/2017 9:38:52 AM PDT
by
PapaBear3625
(Big government is attractive to those who think that THEY will be in control of it.)
To: Eagles6
Here in Washington state our cheapest appears to be Sam’s Club at 2.43.
But we have the second highest tax in the country right behind Pennsylvania.
44
posted on
03/12/2017 9:46:51 AM PDT
by
angry elephant
(My MAGA cap is from a rally in Washingon state in May 2016)
To: MaxistheBest
45
posted on
03/12/2017 9:56:33 AM PDT
by
djf
("She wore a raspberry beret, the kind you find in a second hand store..." - Prince)
To: headstamp 2
not really... it's a 378, and every time people declare the push rod engine obsolete Chevy squeezes out another 10% hp gain, go figure
46
posted on
03/12/2017 9:58:11 AM PDT
by
Chode
(My job is not to represent the world. My job is to represent the United States of America-#45 DJT)
To: Maine Mariner
How much of that $3.00 is federal and state taxes?Read 'em and weep. :-)
47
posted on
03/12/2017 9:58:58 AM PDT
by
Oatka
To: angry elephant
I can’t believe Pennsylvania has the highest state tax on bad even more than NY. Also surprised NJ tax is so low. Did Chris Christie have anything to do with that?
To: Oatka
Are there other fees or taxes not in that graphic? I live in Florida and when I visit California is almost $1.00 more per gallon for 93 octane.
To: Blue Highway
Are there other fees or taxes not in that graphic? I live in Florida and when I visit California is almost $1.00 more per gallon for 93 octane.Those are just a combo of state and federal taxes - I imagine the CA pols are pretty creative in finding new taxes to add on.
50
posted on
03/12/2017 10:27:36 AM PDT
by
Oatka
To: Afterguard
I am actually looking for a 1988 Dodge Daytona C/S. First new car I ever bought. Meantime, I have the nitrous Camaro in the garage that needs to be driven every now and then.
To: SaxxonWoods
52
posted on
03/12/2017 10:48:52 AM PDT
by
billphx
(“Political correctness is tyranny with a happy face” Charlton Heston)
To: PapaBear3625
Thanks for the precise numbers! It is pretty amazing that it gets all the way to my car for the price, really.
To: rktman
I don't understand this sentence
The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.
54
posted on
03/12/2017 11:14:35 AM PDT
by
stylin19a
(Terrorists - "just because you don't see them doesn't mean they aren't there")
To: PapaBear3625
NJ just increased the state tax by 23 cents per gallon.
55
posted on
03/12/2017 11:18:51 AM PDT
by
Go Gordon
(Barack McGreevey Obama)
To: corkoman
Many refineries are switching from winter blends to summer blends.
56
posted on
03/12/2017 11:18:58 AM PDT
by
GRRRRR
(Make America Greater Than Ever Before!)
To: Blue Highway
Also surprised NJ tax is so low. Did Chris Christie have anything to do with that? Actually, Christie just raised the tax by 23 cents a couple months ago.
57
posted on
03/12/2017 11:21:27 AM PDT
by
Go Gordon
(Barack McGreevey Obama)
To: rktman
More proof of climates change.
58
posted on
03/12/2017 11:22:43 AM PDT
by
fella
("As it was before Noah so shall it be again,")
To: Zenjitsuman; ExTexasRedhead
“I can see getting a V8 Camaro with the Vette engine, cheap gas means never having to own a slow ass econocar.”
Here you go, the new 2017 650Hp Camaro ZL-1 at the Nurburgring
https://www.youtube.com/watch?v=FrFnrcpBj5k
BTW, you can drive the Nurburgring in whatever you have available to you for about ten bucks! I have, and it’s a blast! It’s about 13 miles around. Germany, America without lawyers.
To: Afterguard
"Haha! Challenger Hellcat for me. MOPAR or no car. (I can dream can't I? 😯) " It's fine if all you want to do is go in a straight line. The Challenger has suspension that's a couple of generations behind it's competitors. Yeah, it makes a lot of horsepower, but on a road course, both the Camaro and the Mustang best it by a bunch. The live rear axle went away quite some time ago in the competition.
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