To: mac_truck
That's what you get when you can access the Bakken Formation, Permian Basin and much of the Marcellus Shale with fracking technology. That has opened up so much new oil and gas fields that the USA is now dealing with a major oversupply of natural gas.
9 posted on
09/17/2019 7:34:08 AM PDT by
RayChuang88
(FairTax: America's Economic Cure)
To: RayChuang88
We also have ANWR as a source under a Trump admin.
15 posted on
09/17/2019 7:44:10 AM PDT by
Oldexpat
(Jobs Not Mobs)
To: RayChuang88
“...the USA is now dealing with a major oversupply of natural gas.”
Not to worry. The 2020 democrat contenders have promised to nip this is the bud and return us to the days of renewable resources...like buffalo chips.
17 posted on
09/17/2019 7:53:14 AM PDT by
hanamizu
To: RayChuang88
Gee, do you think the capitalists can maybe run supply lines to those of us in the exo-burbs? Naw, can’t do that the payoff may take a decade so that won’t do..
18 posted on
09/17/2019 7:55:37 AM PDT by
central_va
(I won't be reconstructed and I do not give a damn.)
To: RayChuang88; mac_truck
Ray, don’t forget that the USA has huge reserves far beyond just Bakken. Fracking is well underway in Pennsylvania, where huge oil and gas reserves lie. In fact, my wife’s lefty Aunt, who always professed that she hates Republicans, corporations, and Big Oil, still took the money allowing oil and gas leases under the 640 acres she owns in the Alleghenies. Believe me, it was not chump change.
I live in California, and let’s not forget that the Monterey Formation holds about 20 bbl of oil and trillions of cubic feet of natural gas. All it needs is a common sense governor and legislature to open it up.
30 posted on
09/17/2019 11:04:52 AM PDT by
tom h
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