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Massive oil discovery in Alaska is biggest onshore find in 30 years

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  • Massive oil discovery in Alaska is biggest onshore find in 30 years

    Looks like the energy crisis is over and gas will go to under $1 a gallon.

    "Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades."

    http://money.cnn.com/2017/03/10/inve...ain/index.html

  • #2
    The Environmentalists are going to LUV this.

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    • #3
      On March 30, 1867, Secretary of State William H. Seward agreed to purchase Alaska from Russia for $7.2 million. Do you think this was too much to pay for a piece of land that was mostly unexplored? At the time, critics thought Seward was crazy and called the deal "Seward's folly." Seward was laughed at for his willingness to spend so much on "Seward's icebox" and Andrew Johnson's "polar bear garden."

      So, $7.2 million for the whole thing.

      At 120,000 barrels of oil PER DAY expected out of this find, using $50 per barrel, that would mean that Alaska will be paying for itself every 28.8 hours. That seems like a pretty good investment to me. That's $2.2 billion per year or a ROR of over 30 thousand percent annually.

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      • #4
        Originally posted by FreakShowFanatic View Post
        Looks like the energy crisis is over and gas will go to under $1 a gallon.

        "Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades."

        http://money.cnn.com/2017/03/10/inve...ain/index.html
        Phew, that's like 12 days supply worldwide. Maybe even two weeks. The crisis is over.

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        • #5
          Does this mean WestTexasRetard is going to get laid off from the oil fields?

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          • #6
            I was unaware there is an energy crisis.

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            • #7
              Originally posted by AnalHamster View Post

              Phew, that's like 12 days supply worldwide. Maybe even two weeks. The crisis is over.
              LOL. Yeah, 12.5 days of the worlds oil consumption. Holy shit.

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              • #8
                LOL. "Biggest onshore discovery in 3 decades". 1.2 billion barrels. BS. Methinks the author works for an Alaskan newspaper and has been out of touch for the last 15 years. Never heard of the Bakken (4 Billion), Eagle Ford (6 Billion), Delaware (5 Billion), Wolfcamp (20 Billion). All discovered in the last decade or so. I laughed when I read this yesterday. "Fake Oil News". Who would a thunk.

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                • #9
                  Good find.

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                  • #10
                    this is about like someone finding a massive two acre garden of avocado trees.

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                    • #11
                      Originally posted by biker View Post
                      Good find.
                      Yes it was. But "largest onshore find in 3 decades". LOL. Good Lord, these supposed journalists.

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                      • #12
                        I'm guessing they found the rest of the oil slick from the Exxon Valdez.

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                        • #13
                          Originally posted by megman View Post
                          I'm guessing they found the rest of the oil slick from the Exxon Valdez.
                          Hey, back in the 80's, having a tanker captain chug booze on the bridge was thought manly.

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                          • #14
                            Originally posted by WTexasCrude View Post
                            LOL. "Biggest onshore discovery in 3 decades". 1.2 billion barrels. BS. Methinks the author works for an Alaskan newspaper and has been out of touch for the last 15 years. Never heard of the Bakken (4 Billion), Eagle Ford (6 Billion), Delaware (5 Billion), Wolfcamp (20 Billion). All discovered in the last decade or so. I laughed when I read this yesterday. "Fake Oil News". Who would a thunk.
                            Those aren't recent discoveries, those are estimates of potential tight oil resources that can be extracted by new commercial fracking techniques from known shale deposits. Other old discoveries include hubble's constant, know what that is?

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                            • #15
                              Originally posted by AnalHamster View Post

                              Those aren't recent discoveries, those are estimates of potential tight oil resources that can be extracted by new commercial fracking techniques from known shale deposits. Other old discoveries include hubble's constant, know what that is?
                              LOL. Keep banging the retard drum. It's hilarious.

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