Oil on the (downward slide) upward climb...
- Thread starter BlazeES
- Start date
Could be as I am middle of the road. I am conservative in some views and liberal in others. The thing the pisses me off most about government is that it is most inefficient and wastes lot of tax payer dollars.
Lets see dead people getting tax refunds, or people filing and collecting with stolen info. Add two lines to the tax form in those two you need to put your AGI for the last two years. If you don't have that info then you are either stupid or a scammer. This would eliminate 95% plus percent of people filing fraudulent returns. Anyways lots of easy fixes for lots of other problems to, but the government subscribes to sweeping it under the rug or the three supervisors for every worker methodolgies. After all it isn't their money they are squandering.
Lets see dead people getting tax refunds, or people filing and collecting with stolen info. Add two lines to the tax form in those two you need to put your AGI for the last two years. If you don't have that info then you are either stupid or a scammer. This would eliminate 95% plus percent of people filing fraudulent returns. Anyways lots of easy fixes for lots of other problems to, but the government subscribes to sweeping it under the rug or the three supervisors for every worker methodolgies. After all it isn't their money they are squandering.
[h=1]The largest oil deposit ever found in America was just discovered in Texas[/h]
(Thomson Reuters)
The US Geological Survey said Tuesday that it found what could be the largest deposit of untapped oil ever discovered in America.
An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas' Permian Basin.
Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion.
US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale-drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago. The count of active oil rigs fell with prices, but has risen over the past few months, mostly in the Permian. Bloomberg noted that the Wolfcamp, where this deposit was found, has been one of the primary targets of shale drillers.
"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," Walter Guidroz, program coordinator for the USGS Energy Resources Program, said in a statement.
More than 3,000 horizontal oil wells have already been drilled and completed in the Midland Basin Wolfcamp section, according to the USGS. To get the oil, producers fracture, or "frack," the earth below with a high-pressure liquid mixture to untap oil and gas from shale rock.
(Thomson Reuters)
The US Geological Survey said Tuesday that it found what could be the largest deposit of untapped oil ever discovered in America.
An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas' Permian Basin.
Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion.
US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale-drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago. The count of active oil rigs fell with prices, but has risen over the past few months, mostly in the Permian. Bloomberg noted that the Wolfcamp, where this deposit was found, has been one of the primary targets of shale drillers.
"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," Walter Guidroz, program coordinator for the USGS Energy Resources Program, said in a statement.
More than 3,000 horizontal oil wells have already been drilled and completed in the Midland Basin Wolfcamp section, according to the USGS. To get the oil, producers fracture, or "frack," the earth below with a high-pressure liquid mixture to untap oil and gas from shale rock.
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