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Keyword: oilboom

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  • ‘Something’s Fishy’: Oil Speculation Skyrockets In State With ‘Very Little Oil’(NV)

    08/20/2017 9:53:51 AM PDT · by rktman · 16 replies ^ | 8/19/2017 | Tim Pearce
    Millions of acres worth of requests for oil speculation on federal lands were submitted in Nevada just years before former President Barack Obama designated two national monuments in the state, the Center for Biological Diversity (CBD) found Friday. Expression of Interest (EOI) documents are submitted to state Bureau of Land Management (BLM) agencies for any parcel of federal land that prospectors think may produce oil. The BLM is then required by law to study the area and decide whether it should be leased to an oil company for development. The Nevada EOIs are mostly worthless and a waste of taxpayer...
  • California on Cusp of Fracking Boom Bigger than North Dakota

    06/17/2015 8:04:01 AM PDT · by rktman · 50 replies ^ | 6/17/2015 | Chriss W. Street
    California may be on the cusp of an oil fracking boom along its 1,750-square-mile Monterrey Shale Formation, which is potentially the richest shale oil reserve in the United States. Earthquakes have disturbed the layers of shale rock that run under most of the western state, making fracking more challenging than in a region like North Dakota. But when the next cyclical El Niño brings the huge amounts of water necessary for fracking, California could experience an economic boom similar to North Dakota’s oil rush.
  • Why This Oil Baron Thinks U.S. Oil Production Could Double

    08/17/2014 3:17:37 PM PDT · by ckilmer · 47 replies ^ | August 17, 2014 | Adam Galas
    Why This Oil Baron Thinks U.S. Oil Production Could Double By Adam Galas | More Articles August 17, 2014 | Comments (0) America's oil production is on a roll. After peaking in November of 1970 at 10 million barrels per day (bpd) and declining for nearly 40 years to a low of just 5 million bpd in 2008, today's oil production has soared 67%. The Energy Information Administration (EIA) is expecting another 13.6% increase by 2016 to 9.5 million bpd, before production tapers off in 2020. This miracle has been made possible by soaring shale oil production out of Texas...
  • Looking for the Next Oil Boom? Follow the Tech

    07/15/2014 11:36:04 AM PDT · by bananaman22 · 4 replies ^ | 15/07/2014 | James Stafford
    Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico, where the recent shift to horizontal well drilling has rendered this play the unconventional ground zero. Determining where the next real oil boom will be depends largely on following the technology, and while the Permian Basin has been slower than others to switch from vertical well drilling to horizontal drilling, horizontal has now outpaced vertical, and investors are lining up to get in on the game. Until about 12 years...
  • Shocking Prediction: The 'Second Phase' Of The Oil Boom Could Eclipse The First

    01/01/2014 7:37:40 AM PST · by ckilmer · 75 replies
    investinganswers ^ | December 31, 2013 | Jody Chudley
    Shocking Prediction: The 'Second Phase' Of The Oil Boom Could Eclipse The First By Jody Chudley December 31, 2013 Shocking Prediction: The 'Second Phase' Of The Oil Boom Could Eclipse The First Five years ago the idea of an oil boom happening in the North America was not much more than a dream. Today, the U.S. is on pace to overtake Saudi Arabia as the world's top oil producer by the end of the decade. It isn't as though the oil industry didn't always know that formations such as the Bakken in North Dakota and Eagle Ford in Texas contained...
  • Factor the shale-energy surge into economic recovery models

    12/28/2013 8:42:13 PM PST · by ckilmer · 6 replies
    dailystar ^ | December 28, 2013 12:16 AM | Robert Skidelsky
    The developed world is slowly emerging from the Great Recession, but a question lingers: How fast and how far will the recovery go? One big source of pessimism has been the idea that we are running out of investment opportunities – and have been since before the 2008 crash. But is that true? The last big surge of innovation was the Internet revolution, whose products came onstream in the 1990s. Following the dot-com collapse of the early 2000s, speculation in real estate and financial assets – enabled by cheap money – kept Western economies going. The post-2008 slump merely exposed...
  • UPDATE 3-US shale production to push oil, gas output higher-EIA

    12/05/2012 9:18:33 PM PST · by 2ndDivisionVet · 7 replies
    Reuters ^ | December 5, 2012 | Ayesha Rascoe
    * US crude production forecast to reach 7.5 mbd by 2019 * Imports as share of energy production seen sliding * US seen as net LNG exporter by 2016 U.S. oil and gas production over the next two decades will be higher than previously expected, the government said on Wednesday, underscoring the push toward greater energy self-sufficiency and more exports of natural gas. In its annual outlook, including the first forecasts through 2040, the U.S. Energy Information Administration said imports as a share of total U.S. energy production, including oil, gas and renewables, would be 9 percent by 2040 against...
  • GOLDMAN: The Shale Oil Revolution Is Real, And It Will Have A Massive Impact On The Global Economy

    12/05/2012 8:10:11 PM PST · by blam · 23 replies
    TBI ^ | 12-5-2012 | Rob Wile
    GOLDMAN: The Shale Oil Revolution Is Real, And It Will Have A Massive Impact On The Global Economy Rob WileDec. 5, 2012, 7:55 PMWe are seeing calls that, thanks to shale drilling, the U.S. is poised to become the world leader in oil production, leading some to begin invoking "Saudi America." Today, Goldman Sachs analyst Kamakshya Trivedi, weighed in on the global macro implications of this phenomenon in a note titled: The shale revolution is changing the global energy landscape. The note actually goes further, talking about how the entire economic landscape could potentially change. The main impact, they write,...
  • Cuero, TX: One very important detail still missing from family's rags-to-riches success story

    08/04/2011 1:31:49 PM PDT · by Cincinatus' Wife · 22 replies
    The Cuero Record, Texas | June 28, 2011 | COY SLAVIK
    The only chapter missing from Pradipkumar Vora’s “American Dream” is the one with the happy ending. In just four years, Vora has gone from providing room service to pay for his rent at the Wildflower Inn to owning the same Cuero motel. Vora is now capitalizing on the oil and gas boom by constructing an RV park behind the Wildflower Inn and has plans to build a Taco Bell restaurant nearby on Esplanade. But despite being one of the most successful buesinessmen in Cuero, Vora, along with his wife, Kokila, are far from content. Overcoming tragedy Vora was raised in Mumbai,...
  • The Alberta Prayer - 2010

    06/04/2010 11:27:22 PM PDT · by Leigh Patrick Sullivan · 103+ views
    The Moderate Separatist ^ | June 5, 2010 | Leigh Patrick Sullivan
    With oil exploding under the sea, the Alberta oilsands suddenly don't seem that...'dirty'. Now, all we need is to get rid of the idiot in charge.
  • Denver City, TX, Built from Scrap of 1930s Oil Boom

    04/28/2003 8:43:43 AM PDT · by Theodore R. · 28 replies · 8+ views
    Lubbock Avalanche-Journal ^ | 04-28-03 | Reynolds, John
    Denver City first built literally from scrap B.L. Dulin & Sons born from leftovers of Texas oil boom BY JOHN REYNOLDS AVALANCHE-JOURNAL DENVER CITY — Although many businesses are built from scratch, the first business in Denver City was built from scrap. Scrap lumber, that is. Walter "Dub" Dulin, 91, built the B.L. Dulin & Sons filling station in July 1938, a year before Denver City was incorporated. As he tells it, the lumber was left over from a Shell Oil Co. camp. During the area's oil boom years, oil companies built housing for their workers. Dulin was walking by...