Oil

Viva La Revolution Venezuela

What happened? Reuters is reporting that Wednesday Venezuelan opposition leader Juan Guaido declared himself interim president. American President Trump formally recognized Guaido shortly after his announcement. Trump praised Guaido’s plan to hold elections. That was followed by similar statements from Canada and a group of Latin American governments including Venezuela’s neighbors Brazil and Colombia. Socialist …

Viva La Revolution Venezuela Read More »

Oil well pump Oil and GDP

USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever

USGS Estimates Include 46.3 Billion Barrels of Oil, 281 Trillion Cubic feet of Natural Gas, and 20 Billion Barrels of Natural Gas Liquids in Texas and New Mexico’s Wolfcamp Shale and Bone Spring Formation. WASHINGTON – Today, the U.S. Department of the Interior announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin …

USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever Read More »

Oil well pump Oil and GDP

NPR Sells the Theory That Cheap Oil is Bad for GDP and America’s Economy (Hint: it’s Not!)

Did you hear? Cheap oil may now be bad for the economy. That’s the question “explored” in a piece at NPR titled, “Oil Prices Hit A New Low. Here’s Why That Might Be A Bad Thing.” Did you notice the application of “might?” Well, it might, but it might not with an emphasis on not. Related: …

NPR Sells the Theory That Cheap Oil is Bad for GDP and America’s Economy (Hint: it’s Not!) Read More »

US Oil Exports Increase 80% in 2018 – “Fuel” Job Growth and Economic Recovery

Mr. Obama did a little dance the other day repeating the Trump Derangement Syndrome Narratives while taking credit for the Republican’s Economic recovery. Does that mean that Barry is laying claim to this economic boon? U.S. crude oil exports saw an 80 percent increase in the first half of 2018 compared to the same period …

US Oil Exports Increase 80% in 2018 – “Fuel” Job Growth and Economic Recovery Read More »

Data Point – American ingenuity and productivity; Texas

Texas Oil Peak Cyclical Employment             Production Rig Date Workers (BBL/Day) Count         October 2008 211,100 1.125 Mil 925         December 2014 295,100 3.532 Mil 872         March 2018 215,900 4.052 Mil 492 (H/T: Forbes)  

“Promised Land” – It’s Fracking Paid for in Part By Arab Oil & Gas Interests

About Uber-leftist Matt Damon’s new film about the evil American oil and gas industry… A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United …

“Promised Land” – It’s Fracking Paid for in Part By Arab Oil & Gas Interests Read More »

Regressives hate this energy-producing process

See the “oil pyramid” in the diagram below? Note the 800 billion barrels of “oil shale” reserves. But wait…how the heck do they get oil out of rock? Have you ever wondered exactly how “horizontal drilling” and “hydraulic fracking” is done? It’s a process making the U.S.A. the world’s biggest energy-producer…as in “Saudi Arabia won’t matter …

Regressives hate this energy-producing process Read More »