Largest shale oil reserve in US history discovered in texas

This is the largest estimate of continuous oil that USGS has ever assessed in the United States.

web.archive.org/web/20161116213159/https://www.usgs.gov/news/usgs-estimates-20-billion-barrels-oil-texas-wolfcamp-shale-formation

Other urls found in this thread:

google.com/finance
forbes.com/2011/05/10/oil-company-earnings.html
en.wikipedia.org/wiki/List_of_natural_gas_and_oil_production_accidents_in_the_United_States
api.org/~/media/files/policy/taxes/why-oil-gas-tax-treatments-not-subsidies-feb-2015.pdf
thesocialnationalist.com/profit-from-pain/
offshore-mag.com/articles/print/volume-55/issue-4/news/general-interest/middle-east-geology-why-the-middle-east-fields-may-produce-oil-forever.html
alfinnextlevel.wordpress.com/2015/11/06/earths-oil-gas-fields-to-produce-until-the-sun-blows-up/
en.wikipedia.org/wiki/Abiogenic_petroleum_origin
archive.is/ZsAmq
archive.is/4w34p
twitter.com/NSFWRedditGif

Perfect excuse to cut all ties with the Saudi cunts the instant Trump takes office

Texas did 9/11

Hopefully one of the many things to come of "things suddenly going totally right" after Trump's election.

We actually export most of our domestic oil for (((some reason)))

Can't wait until gas becomes like 50 cents a gallon in Texas because all the refineries are working overtime

God bless you Donald Trump, I'm sure you had something to do with this.

Isn't shale oil like the shittiest oil that's a bitch to refine?

We're gonna get America working again!

Still, thats alot of oil.
And trump wants to work on shale.\

Also it looks like a face. Thats some kind of good omen.

Not complaining. Hopefully it comes with advancements in the refining methods as well.

Cut out your shilling
We're gonna start drilling

This is less than 100 days oil supply for the US, hardly enough to cut ties with the happy oil merchants. Shale oil is also not profitable to refine at less than $60 a barrel, so OPEC is going to fuck us on energy independence yet again. US has fucktons of shale, enough to be independent but the downside is more expensive gas and environmental damage. I would gladly pay an extra couple bucks a gallon and lose some trees to stop being the Saudi's bitch but various lobbyists, environmentalists, and idiot consumers will never let that happen. Nuclear power is the way to go anyway.

I wont pretend to know what I'm talking about. I tried to understand the petrochemical industry and read about it on wikipedia but it was just too much

No. You're confused. "Oil shale" is heavy kerogen trapped in marlstone and is a bitch to process. What they're calling "shale oil" is more appropriately called "light tight oil," or LTO, and it's high quality sweet crude.

t. Petroleum engineer

You have no idea what you are talking about and should refrain from commenting on the oil industry forever.

You're probably thinking of Canadian tar sands. Shale oil is fine, it just requires fracking to get it out of tiny pores in the formation.

Don't mind the water table contamination
White people don't need clean water

Fracking is safe when done properly. What should be done is to put such harsh punishment in place that they'd be fucking terrified to violate safety protocols.

Neo-80s Economic Boom confirmed?

Saudi Arabia on suicide watch. That will teach em for backing Clinton. They better get Pakistan's nukes soon.

What's the RoE ratio?

I hope we use these resources to maximize global competitiveness while simultaneously transitioning to high tech renewable that makes us even more competitive.

Fracking is perfectly safe in ideal conditions when all the appropriate measures are taken.
But the conditions are never ideal and the companies always cut corners.

The damage can well be permanent.
It's rarely worth the effort.

Depends on the energy required to extract aka Return on Energy. The more tools, the more chemistry, the more complicated, the more oil it takes to get that oil out of the ground. The main reason that the middle east does well is that it's retard entry-level oil capture, massive returns on energy expended.

The other problem with fracking is the possibility of fucking with aquifers and water tables. It's not necessarily direct causes, but indirect from drilling through structural rock and weakening it with density and pressure changes.

Hit the nail on the head, user.

Lockheed Martin supposedly has fusion coming down the pipeline. Nuclear is a decent stopgap in the meantime, I heard that the new reactors' waste is barely worth mentioning. Hopefully Trump's people have read Holla Forums and studied up on existing dam electrification as well.

Mostly has to do with the regulations on the refineries and the fact that we haven't built new ones in decades, you know, regulations and all. So we generally ship out crude oil and then import the refined oil to actually use.

Similar thing with Nuclear power plants, the "new" one that just got built/building has been in the works for over a decade and is only an extension if I recall, somebody double check me on that. And that liberals have absolutely poisoned the mind of most Americans on the subject (like most things) and Chernobyl didn't help either, even though France of all places uses mostly nuclear energy for the entire nation. They have some of the best, if not the best, nuclear power plants in the world.

The beauty of it is the more we win with Trump it continuously makes all those stupid libsht fucktards and msm shills look even more retarded.

Hence why you make the punishment extremely severe. Oh you cut a corner? Forfeit all your assets.

It's not like oil companies can't afford it. And it's not like another company won't come along and do it right. Fuck, oil companies need some competition and busting up anyway.

You just described every technology since Sharp Rock.

Fucking Greenpeace neoluddite moron.

Not to side with the oil companies, but many times their profit margins are actually not that big, they do make a lot don't get me wrong, but the amount of assets they hold and how many people they have to pay and the cost of the equipment is incredibly high, which cuts into the profits big time.

So they will get it out convetionally or by fracking?

The latter would be bad.

Very bad.

The profit margin of hydrocarbon mining companies is below that of the average coffee shop or fast food joint.

Can I have something to read about this?

Do you even know why it would be bad? Go back to leftypol.

...

google.com/finance

Yea.

Who cares about polluted water and shit.

#YOLO

I was always fascinated by Tesla's wardenclyfe towers.Harnessing and amplifying the earths magnetosphere to make wireless electricity= energy everywhere on the planet.Oil at that point would only be used for plastics and lubrication of moving mechanical parts with zero pollution.

He says, while guzzling BPA and Fluoride.

Hurr durr kill yourself.

The fuck is wrong with you?

You're distracting.

As expected.

Oh and a snitching reward.

Oh shit lol. I didn't realize. I thought you were just telling me to google finance. My bad.

...

You're drinking government mandated polluted water because every water supply in America is fucked up since 1800s and you're bitching about the off chance that a tracking accident will pollute water? GTFO

These companies intentionally keep their profits at marginal levels for tax purposes.

Okay.

What diffrence does fracking mean to liberals?

The places where they frack is where they wouldn't be caught living.

Liberals would sooner shoot themselves before they live in ND. They prefer hip places to live such as the Bay Area.

In fact they're resorting to force property owners pay a 10,000 dollar tax on empty houses in in Canada in some expensive areas.

Industry profit margins are cyclical too. But on average, between 2006 and 2010, the largest oil companies averaged a profit margin of around 6.5%. This pales in comparison to profit margins in just about every other industry. The pharmaceutical industry, for example, routinely averages a profit margin of about 16%. The soft drink market is even more lucrative.

That is a quite from this article: forbes.com/2011/05/10/oil-company-earnings.html

Nope. Their profit margins are low because they use ridiculously expensive machinery and specialized labor to dig a substance out of the ground that makes all our lives possible, and if they try to sell it the government punishes them with a 50% fine.

Regardless I don't really give a fuck. You can follow all the safety protocols or forfeit your shit.

This is how we quote, leftypol.

"They're" forcing (trying to) Chinese foreigners to pay for the houses they buy and own in Canada without occupying. They shouldn't be allowing chinks to own houses in the first place, but the housing market is seriously fucked up in cold land.

AAAAH WHAT HAS THIS TO DO WITH RADAR??

Who writes the safety protocols? If they follow safety protocols and STILL have an accident, who pays?

You're acting like safety protocols are given to government by a burning bush, inscribed on clay tablets.

Why waste all of this oil right now?

Why not just throw all the degenerates into the pits and then in 25 years, power our nation completely on the partially fossilized souls of liberals?

Just btw: no one, who is not completely retarded drinks tap water on a regular basis.

But this doesn't mean that companies should be given a free ticket to pollute it.

...

No I'm acting like the oil industry has routinely cut corners resulting in people having flammable faucet water in some areas.

Just BTW the low chance of a cracking accident polluting water is not an excuse for claiming tracking pollutes water NO MATTER WHAT, or accusing me of condoning pollution. Read my post with more care.

Lets face it at this point fracking is fucked when you look at all the earthquakes in Oklahoma and the water pollution it's just fucking stupid degenerate profiteering.I am all for a white man having a job to feed his family yet like user said there needs to be really strict regulations on it because its obviously fucking shit up.

(Praise Kek)
May LA fall into the sea.

Low chance?

In which parallel universe are you living, user?

en.wikipedia.org/wiki/List_of_natural_gas_and_oil_production_accidents_in_the_United_States

Maybe before quoting a "documentary" by anti oil organization you should look into why some tap water has methane in it.

Protip: methane is a gas, it bubbles up through the ground naturally, and even gets into some aquifers. It has nothing to do with fracking.

so just use the hydrocarbons to desalinate seawater, duh

I know it's you Jeremy.

George?

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...

Now we just need molten salt thorium reactors.

American oil and tobacco companies are some of the few left that are still controlled by white families. Guess why the kikes attack them constantly.

Gas leak, truck accident and train accident this year. None related to oil companies breaking regulations.

….. Yeah look into how many accidents ANY OTHER INDUSTRY has in a year.

I had a guy tell me that petroleum is "naturally occurring" meaning it isn't a fossil fuel as people suggest, and that it regenerates quite quickly. Anyone know about this?

Well, I could google over 9000 fracking-related accidents.

The problem is: the industry doesn't give a shit.
They don't care if you die from cancer as long as they got their profit.

How can this be good for the American people?

seerrreeennDIPaTUS timing let me Guess WE FOUND OIL , WE DONT need JAWA oil BRING TROOPS HOME Distablzzed Middle EAST MORE, EVERY ONES ASSCRACKASTAN 2.0™ months go bye CamelFUCKERS start NUKEING Each Other MURICA;RUSSIAN join forces CLEAR OUT DuneCoons CRUSADER Style Setting in motion.(((you know who's:^) ))) 💰 plans for GREATer CHOSENVILL
2017
YEAR OF THE FIRE BENIS
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excellent informative posts user
Shadialy

Why do you care, you lefties hate Texas anyway.

The dangers of fracking is also way overblown. Saudi lobyists and (((green industry))) fags are behind a lot of the anti-oil propaganda. They don't want an independent America.

Is this the new "penguine of doom"?

wtf, who let some tumblr-tier retard in there? can the mods plz b& the excessive morons?

I want an independent America.
But not at this price.

If they would be able to get this stuff out in a regular, non-chemical way, I would have 0 problems with it.

not buying that, I'm sure the geologists were well aware of it but it was kept under wraps.

tbh Trump could reopen the 9/11 investigation, blame the saudis, back yemen and curbstop the shit out of saudi arabia and take all the oil. and nobody would do a damn thing about it.

Yeah, but economy of scale more than makes up for it, even if profit margins are lower as a percentage they extract millions or billions of cubic yards of hydrocarbons, not many coffee shops sell millions of cubic yards of coffee, and not many pharma companies sell millions of cubic yards of drugs. the massive inflexible demand for oil plus economy of scale means that oil drillers still make many millions or billions of dollars, not to mention the trillions of dollars in fossil fuel subsidies handed out every year globally.

I've heard similar things, but only from /x/ tier sources. they say if you shave off the bottom of a depleted oil well it will replenish slowly. Obvious that would take a ridiculous amount of machinery. When the Russians did their super fucking deep hole they found hydrogen gas bubbling out of the bottom (they say)

🔥🔥🔥🐔🔥🔥🔥
TRIGGERED
YOUR GOING BACK 🌮

Let Texas take all the risks.

You can stay in your cozy, all-white, New England suburb and sip Starbucks while riding your dragon dildo.

Shouldn't we ask the Texans first?

I don't think they necessarily see it the same way.

I'm a Texan. We are pro-oil and red as fuck. We also hate Muslims. I guarantee we will support the extraction of this new oil.

This is now the best case scenario.

Shit.

That would be great actually,yet what tesla was doing is the way.He was discredited about AC current he proved them wrong.I think his idea of free electrical energy would also be proven viable however (((they))) don't want stupid goy making tech that far surpasses the current systems they have their hook noses in just because its better and more proficient with less pollution.

How long can the US last with all this oil without having to import any?

Theoretically long enough to reach the oil terminal point if energy reforms are put into place
in other words, "forever"

I love how a generation of kids got scared into thinking oil would be scarce.

And that was 5 years ago?

It's been sitting at 2 bucks a gallon for over a year.

Ughhhhh. My dissertation research was in biofuels/alt energy. Why couldn't they find this shit like 10 years later or so? Oy vey…

The meme that oil companies receive government subsidies is Leftist propaganda that essentially amounts to a glib argument for raising taxes on oil companies.

What they are calling "subsidies" are industry-specific tax treatments designed to calculate incurred costs to arrive at taxable income. The US tax system doesn't tax anything that isn't net income–otherwise people would be paying taxes while losing money.

Every business is taxed in this way, except that the oil industry is already singled out to get half the dd&a deduction that every other industry gets.

A subsidy is a direct payment or loan guarantee simply for existing, and the oil industry taxes are the second largest source of income for the federal government next to the personal income tax, so it's not like oil companies aren't paying a shitload in taxes.

The amount of stupid misinformation that gets propagated about the oil industry is utterly mind blowing, but lefties absolutely hate oil companies so it's not surprising.

if you want muh green cred and Nuclear isn't on the radar, go for anything that makes electric/biocell cars more efficient or emit less.
The only remaining function for liquid fuel of any kind within a few decades will be propellant for vehicles and rockets, assuming we don't rework the entire system of transport in the mean time.

Yeah man ! The fucking capitalists don't care! Eat the rich!!!!1!

Go fuck yourself lefty.

Well Saturn's moon titan is full of oil, it has literally oceans of the stuff. And we've found hydrocarbons in meteorites.

Needless to say it doesn't come from dinosaurs, that's a peak oil myth.

Plenty of coffee companies sell that much, coffee is the second most valuable commodity, and by far the most profitable.

Also nice attempt at trying to get me to hate on pharmaceutical companies, lefty asshat. Try that Jedi trick on your low IQ Starbucks customers, not me.

Nuclear is on the radar fam. Can't have nuclear powered jets now, can we?

Anyone with half a fucking brain knew the peak oilers were full of fucking shit. All Malthusian-style scenarios end up being disproved because economics doesn't fucking work that way.

I can't even begin describe how much contempt I have for that crowd, because no matter how many times they're proved wrong, they take the same retarded economic concept and move on to some other field… Agriculture, oil, coal, climate, it never fucking ends.

Why should that be surprising?
Coffee shops take virtually worthless raw materials and sell them to fashionistas for 100x mark-up.

Source? I was under the impression that the oil subsidies were direct handouts, but if that is not the case I am curious to figure out more, any links to oil "subsidy" analysis?

Funny how you can only think in stereotypes.
But it's probably not so funny anymore, when you're dying from cancer, I guess.

...

Here's a starting place. Should have enough info to lead you to more.
api.org/~/media/files/policy/taxes/why-oil-gas-tax-treatments-not-subsidies-feb-2015.pdf

Spoiler: oil companies routinely under-report the size of reserves, massively under-report.
Has to do with paying tax up front based on the size of the reserve.

just seems like a low-key guy who is actually interested in helping people and doesn't have the patience or willingness to put up with the media abuse. it's likely that he admires Trump for precisely this reason, and he can still be a valuable ally in the public sector

It's great for me in on aspect, but not great in another. I work for a big global oil company in an indirect way and they have been really stingy about money in the last year. Reorganizing and laying people off. Didn't affect what I do but, still. They got kind of stingy and changed a ton of processes.

They had enough money to get us all win10 laptops though.

Shrug.

Gas yourself please, also material to educate on the pharmaceutical Jew and its machinations:
thesocialnationalist.com/profit-from-pain/

I'm an actual petroleum engineer who just got done doing reserves for a large oil company, and you are completely full of shit. We don't "underreport reserves," as there is absolutely no reason to do so. Reserves are the value of an oil company, and having smaller reserves does not in and of itself lower your overall tax burden.

Similarly, you aren't incentivized to over-report reserves either, especially under the new 5-year SOX regulations, because reality comes calling when you can't produce your booked reserves and write-downs have more of an impact besides simply lowering your company's asset portfolio value.

You people who think you know how the oil industry works who spew misinformation need to shut the fuck up forever.

Any big-c I'm getting is from your shitty cancerous posts, leftypol.

#micdrop

Can't tell if you're a scientologist or a disgruntled SJW concern troll off xis meds.

Please clarify.

Yawn.
Am I supposed to be impressed?
I used to work for a British oil company and I got the information from someone a little higher up the chain than an engineer.
Cunt.
Are you in the UK?
No, didn't think so, cunt.
BRITISH oil companies under-declare the size of reserves, hence why our reserves should have been dry now, according to the press.
BRITISH oil companies have to pay the government based upon the size of the reserve at the time of discovery.
Now, kill yourself.

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>offshore-mag.com/articles/print/volume-55/issue-4/news/general-interest/middle-east-geology-why-the-middle-east-fields-may-produce-oil-forever.html
>alfinnextlevel.wordpress.com/2015/11/06/earths-oil-gas-fields-to-produce-until-the-sun-blows-up/
en.wikipedia.org/wiki/Abiogenic_petroleum_origin
Not only /x/ tier sources support abiogenic petroleum hypothesis, subduction zones catalyze hydrogen and carbon to produce abiogenic oil and hydrocarbons which are deposited in natural petroleum. The evidence for this are deep sea hydothermal vents which release hydrocarbons, and oil deposits which are massively underestimated on the first drilling and do not deplete as fast as petroleum engineers predict with initial observation (to be fair this could just be Saudi's bullshitting to hide the fact they are running low). Abiogenic petroleum is definitely plausible, the extent that it offsets scarcity is ambiguous though.

Ok.
So it only applied to UK sector.
Still didn't justify the mad triggered rant about "people".

You might be confusing the different categories of reserves, based on levels of certainty.

Oil companies CEOs like to be conservative in claiming how certain they are of a reserve when talking to the board, because it gives them a bit more ass covering margin in case of an error being made.

Not sure how this translates to publicized certainties.

The topic is TEXAS you fucking brittfag jult. You want deported?

Not in-house shimmying, this was definitely related to government fees of some kind.
Honestly though, this was 20 years ago, maybe something has changed in the interim. At the same time hiring practices in the UK sector had unwritten rules about not hiring minorities, same manager as told us about the under declaration also revealed the gentleman's agreement between departments, simple : no niggers, no chinks, no mudshits.
The reasoning at the time was that homogeneity makes for a stronger, more efficient team.

Why do you think that Al-Waleed bin Talal has been kissing Trump's ass non-stop since he won?

Saudi civil war soon.

Considering that you can't even properly differentiate reserves from resources, you aren't exactly a reliable source of information and you're gonna have to cite your shit.

But let's assume you are correct that UK companies deliberately underestimate resource/reserve volumes up-front to avoid a one-time tax, presumably at the time of asset acquisition. After this, there would be absolutely no incentive to continue under-reporting reserves, since this would only cripple the value of your company and subsequently inhibit its ability to obtain capital for future asset development.

Further, literally nobody else in the world books reserves in this way, so asserting that "peak oilers were wrong because there's a massive conspiracy to hide how much oil is in the ground" is fucking retarded. The reason peak oilers (and their intellectual ilk) are always wrong is because they fundamentally misunderstand economics and what actually gives value to resources.

This level of retardation is why I rarely come to 8ch anymore. The only people left here have turned this into a hybrid of /r9k/ and /x/.

We know methane can be made abiotically, because Titan is covered in oceans of the stuff.

The methane is made in the crust, out of hydrogen and carbon trapped in siliceous material of the upper mantle.

The methane bubbles up through the crust to reach the ocean bottom, where it becomes methane clathrate (trapped in ice).
[Spoiler]The methane that doesn't reach the ocean bottom to become clathrate, ends up in some hippies illegal water supply, and he complains about it in an anti-oil "documentary". [/spoiler]

The methane clathrates are brought back into the crust in subduction zones, as you said, and the solid clathrate is squeezed/heated in a way that can't be done to gaseous methane.

This temperature/pressure combination makes long chain and aromatic ring hydrocarbons (oil) out of methane!

...

Are you going to report him or send him to pedo island? Is he going to be the loli in this episode of Epstein's Red Shoe diaries?

When companies are talking reserves, they're talking proved reserves (pd, pdnp, and pud).

Yeah, I'll just go and find you a reference for secret in-house practices.
Hang tight right there I'll brb…

Btw I made no such claim.
You're so angry that you're imagining things or extrapolating meanings that were not stated.

Given your jist, you know the plan…

What a stupid post. Shut up.

uhh huh huh your kinda smart and stuff come around more mkay thanks.

Yeah I'm not from UK so I can't comment on anything like that. Also East Europe has no colored minorities except gypsies, and they don't even want to be respectable and have a job. We didn't even have CEOs until recently, only štab directors.

It might be so.

There is no other reason to respond to a denigration of peak oilers with an assertion that oil companies have a super-secret /x/-tier practice of massively underreporting their reserves.

How geologists find oil that was only now memed into existence during one of many digits threads?

We alchemy now.

Fixed that for you, Mr. mind reader.

UK (off-shore) sector had many illegal and secret practices that it's impossible to find any documented evidence of.
Industry-wide blacklists.
Whites-only policy.
Dumping contaminated water at night so that the slick has drifted away by morning.

If you think that multinationals don't have secrets then you're not the brightest bulb yourself.

Hey user I'm a senior Cnc machinist in oil field, medical, aerospace, defense and learning Mastercam. Mind swapping info for networking?

I hope that shit-bagger snorts a line of LSA scale; but I'm still going to say he'd be fucking retarded to swap info with anyone from this place.

You'd be better off in the sign industry. A signage installer/manufacturer has a 100k a year salary.

Or maybe automotive. CNC guys get promoted really fast.

Peter Zeihan must have the hugest erection in the world right now.

Good. Maybe this will get some of those fucks out of the Eagleford. I'm all for oil energy, but wells in the Eagleford were fucking thick as theives. Hot hotshot truckers would blast down caliche country road at 80mph and shit. They contaminated the water table. The whole countryside was filled with the din of machinery.

A mixed blessing, to say the least.

Holy shit I need to proofread. Hopefully yall can figure out what I meant.

Get fucked.

...

I am paying attention to this thread but to be honest *WE** whites are smarter than fucking fossil fuel and have been for quite some time.Matter of fact if it wasn't for those (((parasites))) can only imagine how much further we would have taken this.

FUCKING MEME MAGIC BOYS

just like (((einstein))) was a total fucking fraud by using white mens genius then claim he came up with theories lol fucking (((rat)) couldn't even tie his own shoes.So sick of (((them))) taking credit from great men.

Most of the gains we could make right now would be from efficiency. We're using fractions of what was normal back in the day for energy expenditures. As we need less energy, then more marginal sources like solar become more viable. Not too hard to be innawoods with a solar panel with a good power saving laptop and cellphone while still having a pretty comfy tech level. Realistically we can get by more efficiently with lower tech levels in certain parts of our lives, but higher tech levels in others. Plastic packaging is becoming almost irrelevant now with direct mail order, for example. Renewable paper and cardboard packing do a perfectly sufficient job for mailing from a warehouse to your door, you don't need to seal shit in invulnerable blister packs to keep the niggers from opening it.

When I was 3 years old in 1973 when the "oil crisis" hit. I remember getting up before dawn so we could go wait in line to buy gas.

Turns out it was all a big scam. OPEC intentionally restricted supply to increase prices - and the USA let it happen with world oil trading exclusively in dollars only to prop up our money supply. The US stopped producing - they poured concrete down oil wells in Texas to stop them up. Fake "environmentalists" crusaders made new exploration and refinement impossible.

Looks like that grand bargain may be coming to an end. Reality is that oil is as cheap as dirty.

If we are shifting now to a cheap oil glut to restart America it could mean a drop in dollar demand abroad. Only place to put dollars will be to bring them back home - and that would make the economy roar.

Did I dead?
Things are so perfect I feel like this is not reality. I mean maybe the Lord Kek is showing us the malleable nature of reality.
I'm so happy.
Trump is going to take us to the stars and mudslimes can eat their oil as Qatar slowly sinks into the sands.

current situation dictates conservation in the event of a shtf happening sure,I am getting at how much the White Man has been held back by fucking yids.They have to go away for science to progress in all areas not just energy.All they do is take our talent and use it against us when will ALL WHITE MEN realize it and send those fuckers away like the Fuhurer tried and failed.Gotten to the point they are interbreeding with whites which basically produces a cucked liberal ughhh!!!!!

Keep in mind it specifically states shale oil, the machines for which and the process to extract costs far more than just pumping saudi oil.
Shale only became a thing because foreign oil became so expensive ($100+ a barrel) that shale extraction actually had a similar or slightly lower price, even though saudi oil was just pumped from the ground and cost next to nothing.

Of course technology always gets better and cheaper with time, but it likely wont be a buck or less per gallon any time soon.

So you think the news is accurate and nobody had explored the oil reserves in West Texas until 2016 when suddenly this "shale" was magically found?
It's a cover story - there is a huge amount of crude oil intentionally being obscured.

There is, but it isn't a nefarious plot. Once a reserve is fully assessed, it becomes the property of the company with MER over the field. This represents a sudden increase in company assets, which is taxable in the present year. By "discovering" deposits a little at a time, prospectors can incur a tax bill consistent with sales, rather than finding $400 billion in oil and instantly owing $60 billion in taxes for product that will take 20 years to fully develop.

You're living in the past, m8, fracking is a hell of a lot cheaper then it was in 2012 - price competitive with most of the "conventional" oil extraction in the world right now.

FUCK you Texas

?

Carson never even seriously wanted to be president, he just wanted to sell his books.

Dang really?
That didn't take long.
Well, relatively speaking.

Holy fuck lads do you think this is a coincidence? Right before the God Emperor gets into pour a yuuuge fuel source is discovered after he literally says there is a 1000 year supply of energy in America a thousand year energy Reich

Is Trump a grand master wizard who memed this shit into reality?

Are you going to tell Michigan to stop building cars because they pollute also?

That entire region of Texas is basically oil towns. This is their livelihood.

The 80's were a bit of an oil bust for Texas. Conventional reserves had begun to dry up so extraction became difficult. My family had long known there was oil beneath our land but nearly every drilling attempt back then resulted in a dry well. 20 years later drilling technology had improved and now there are wells everywhere.

t. texan

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There seems to be massive confusion on the issue of fracking. I did a speech on it recently. Here are a few relevant points:

Environmental concerns.
>According to the EPA, “there are above and below ground mechanisms by which hydraulic fracturing activities have the potential to impact drinking water resources… We did not find evidence that these mechanisms have led to widespread, systemic impacts on drinking water resources in the United States” (Assessment of the Potential Impacts of Hydraulic Fracturing for Oil and Gas on Drinking Water Resources, pg. 6).
>“Of the 151 spills characterized by the EPA, fluids reached surface water in 13 (9% of 151) cases and soil in 97 (64%) cases. None of the spills of hydraulic fracturing fluid were reported to have reached ground water ” (Assessment of the Potential Impacts of Hydraulic Fracturing for Oil and Gas on Drinking Water Resources, pg. 13).

Seismicity.
>Most induced earthquakes are caused by wastewater disposal wells, not hydraulic fracturing (Myths and Misconceptions, U.S. Geological Survey, par. 1).

Fracking is no more dangerous than any other heavy industry.

It actually made me laugh, top kek.

Actually his white wife did the math for him.

this is news?

Isn't texas KNOWN for having large oil reserves? All the generic oil barons in my head are either arabs or texans.

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I read it, enjoyed it, and had nothing to say about it.

I wish I was a petroleum engineer

U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E
U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E
U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E
U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E
U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E
U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E
U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E
U N B A N N A B L E
MODS = FAGS
MODS = KIKES
HEIL IS A JEW
HEIL IS A JEW
U N B A N N A B L E

It's okay user. I just wanted to put that out there for anyone who gives a shit.

Here's some more details about the effects of fracking, and why it could lay the framework for an American Imperium:

The U.S. is set to achieve energy independence, freeing the U.S. from Persian Gulf exports.

We’re seeing a retrenchment of U.S. foreign policy away from direct intervention, towards a balance of power strategy.

These nations rely on an international system the Americans set up in the Cold War, but no longer benefit from. Therefore they are being forced foot the bill if they want to maintain stability in their respective regions. I expect these attempts to fail. Trump's America will be an island of stability and prosperity if Leftists don't fuck it up.

How do they explain the well water that suddenly became flammable after fracking started? Just coincidence?

It's a fraud. Methane was already in the local water supply before fracking took place. Oil in the ground and underground methane have a common origin: decaying organic matter.

archive.is/ZsAmq

Texas should declare independence.

Well USA can just pull out the troops then. and Let's see how long SA lasts.

According to kikepedia you are correct.

archive.is/4w34p

Wow. It's like the heavens are blessing Trump everything.

I doubt we will under Trump.

Texans care about making money more than almost anything else, and the US under Trump will most likely be relatively prosperous.

don't think that we aren't preparing regardless, though. who knows who will come after Trump.

ditto for the bay area. kikes and chinks as far as the eye can see, cheapest houses are $800k and those are in Niggerville