Another Wave Of American Oil

[Casino67]

Investors.com:



Energy: Analysts say a series of 20 new oilfields in Texas could increase domestic output by a quarter over the next decade. The government had better not stand in the way of getting this crude out of the ground.

The media are predicting another oil boom in Texas. They're reporting that more than a dozen companies have plans to drill 3,000 wells over the next year in the southern part of the state.

According to energy research group IHS CERA, the shale fields could be producing as many as 3 million barrels a day by 2020.

"This is very big and it's coming on very fast," Daniel Yergin, chairman of IHS CERA, told the New York Times. "This is like adding another Venezuela or Kuwait by 2020, except these tight oilfields are in the United States."

Aubrey McClendon, chief executive of Chesapeake Energy, seems even more enthusiastic. He told the Times that the coming Texas oil boom is "the one thing we have seen in our adult lives that could take us away from imported oil."

[NCTexan]

I see some creepy crawly little creature stopping this effort pretty quickly... an endangered West Texas crotch crab could shut the whole thing down.

[Casino67]

I see some creepy crawly little creature stopping this effort pretty quickly... and endangered West Texas crotch crab could shut the whole thing down.

 

The 'creepy crawly' thing you see is an environmentalist looking for a creepy crawly to try to stop progress.