USGS announces largest estimate of oil and gas ‘ever assessed in the United States'

[Spike]

99 cents a gallon



Tuesday the U.S. Geological Survey announced the largest ever assessment of “continuous oil” ever made in the United States. The Wolfcamp shale in the area of Midland, Texas is estimated to contain three times the oil and gas of the Bakken shale formation in Montana and North Dakota. From the USGS:

The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey. This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.

The estimate of continuous oil in the Midland Basin Wolfcamp shale assessment is nearly three times larger than that of the 2013 USGS Bakken-Three Forks resource assessment, making this the largest estimated continuous oil accumulation that USGS has assessed in the United States to date.

“The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” said Walter Guidroz, program coordinator for the USGS Energy Resources Program.

http://hotair.com/archives/2016/11/...l-and-gas-ever-assessed-in-the-united-states/

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Drill baby Drill!

Oh wait...Trump's fault!

 

[TDX27]

We have more than enough oil in this country to be energy independent. Libtards just don't want us to be so they won't let us drill and they blame it on Climate Change and harming the environment.

Drill baby, drill!!!!!!!!!!!!

 

[Spike]

PEAK OIL!!!!!!

oh wait

 

[Steelr4evr]

I'd love to see this country tell OPEC to pound sand. We should drill and refine while working on viable cost effective alternatives for the future. Simple as that.

 

[Coach]

WOW. I see lower gas, more jobs, and the USA increasing its geopolitical power. A win-win-win

It is possible to sell some of the oil and use it to play down the record Debt Obama gave us, in addition to fixing and improving infrastructure.

Make America Great Again!

 

[Superman]

oh ... if this becomes a viable means of pushing the economy forward and produces jobs while also giving more push towards, as Steelr4evr said, alternative energy means, you better ******* bet that the Dems will point out that this was discovered during the Obama presidency.

if, however, this is a disaster, it's all on Trump.

 

[Steeltime]

USGS announces largest estimate of oil and gas ‘ever assessed in the United States'

It feels like God is giving Barry the middle finger, doesn't it?

 

[BurghThing]

Libtards still won't let us build refineries though.

 

[Steelin]

Didn't we have refineries and they closed most of them?

 

[hamster]

Let's build the refineries in Mexico, and tell illegals they have a job if they go back.