Posted on 11/25/2016 6:17:22 AM PST by rktman
Since Donald Trump's election, environmental zealots have mostly had a very rough two weeks — and Donald Trump has had nothing to do with any of it.
Two developments they consider really bad (meaning good for the rest of us) far outweigh the single item they're celebrating. First, in Wyoming, just two days after the election, their "fracking is bad" Exhibit A in Pavillion, Wyoming was completely discredited. Second, in Texas this week, a huge oil discovery was reported — so big and unprecedented that the only commenter at the Associated Press's coverage of the story at the Washington Post wrote: "This ... should be front-page news given its economic and geopolitical impact" — but of course it's not.
Neither good-for-us, bad-for-them story is getting adequate press attention.
The one item the "keep it in the ground" crowd can celebrate as good news for them (and bad for the rest of us) is the Obama administration's arbitrary and disgraceful Arctic offshore drilling ban. As Jazz Shaw at Hot Air wrote: "Barack Obama seems determined to leave some unpleasant going away presents for his successor on the domestic energy front." Given that he didn't think there would be any need to handicap his successor, it seems likely that Obama and his outgoing administration are just warming up.
(Excerpt) Read more at newsbusters.org ...
My petroleum stock went from .88 to 1.45 in a week in a half.
This winning is getting old fast.... not
There’s more oil in Utah and Colorado than all of OPEC.
http://abcnews.go.com/Business/american-oil-find-holds-oil-opec/story?id=17536852
Yeah, but you gotta remember that the saudis “warned” Trump that he better not cut off imports. Skerred yet? Didn’t slick willie lock up a YUGE chunk of Utah that had potential for shale deposits? Is there a key to unlock it? I also seem to remember that somehow the Colorado deposits weren’t at a level that would be profitable yet due to access.
Omission of news is one of the great crimes of the Loser medias. These “journalists” are an embarrassment to the First Amendment and to themselves. Never believe the media about anything. Losers.
Grand Staircase-Esalante National Monument locked up the largest known deposit of clean coal, not shale oil.
Not only this, some really big discoveries in carbon control and mitigation have gone largely unreported. They are interested in destroying the economy rather than in controlling CO2 emissions. It’s all revolutionary leftist politics.
Thanks. I knew I remembered something in Utah. Wind good. Coal bad. Sunshine good. Petro bad.
A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."
Texas oilmen are sort of scratching their heads on this news as they have know about this "new discovery" for years.
Then, one weekend, Exxon pulled the plug. Shut down the entire operation overnight. All that time and energy and material went for naught. Zilch. Bupkus. And the governor was afraid he'd have to call out the National Guard to suppress riots from the displaced workers (he didn't).
Don’t fret. The gas industry will work overtime, and in silent complicity with the greenies, to continue the demise of coal. The oil industry having now gained the ability to export will now seek to limit imports. The super abundance now coming to market that has been driven in part by abundant and cheap capital and will be coming to an end. Their are better places to invest money than hydrocarbons because they are too abundant.
Limiting imports is a bad bad bad idea. But the domestic producers are going to want a helping hand and they easiest way to get it is to create a little artificial scarcity.
Oil has been here before. In the 80’s the US taxpayer paid to permanently plug oil wells. Then they got the strategic reserves.
They should get nothing. No import restrictions, no tariffs, no credits for not producing, no federal reserves.
Don’t know about the shale deposits, but Sick Willie did lock up the largest rare earth mine in the US by turning it into a Preserve or Park (some such), thus enabling the Chinese to dominate the rare earths market, pushing the cost and availability of magnets sky high at the time and killing the experimental use of magnets in the US.
Yeah heard about the Wolfcamp discovery a little over a week ago and
just today it occurred to me that I haven’t heard anything about it since.
So yeah, our wonderful left-wing liberal Democrat press doesn’t want
us to know about it. They dutifully reported it once and then crickets.
Locked up at the behest of his political benefactor in Indonesia which then took over the entire market.
Add to that the fact that a lot of the patents surrounding thermal depolymerization have expired. That has the potential to be a game-changer, IMO.
We have only drilled a few miles down into the Earth. We are always discovering more and more oil, gas, etc. Research ‘abiotic oil.’ There are oceans of hydrocarbons on the moons of Saturn and Jupiter. I sincerely doubt that there were dinosaurs and plants on these moons. We will never run out of oil and natural gas. It is a natural part of the world. Whenever there is a large ocean oil spill or leak, the tiny microbes that EAT oil get to work. Google ‘where did all the oil go’ about the Deepwater Horizon oil spill. Massive amounts of oil plumes were EATEN by massive plumes of microbes that consume oil.
Job #1 end ethanol mandates.
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