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(Telegram)   U.S. will regain position as world's top oil producer. This is a big fracking deal   (telegram.com) divider line 155
    More: Interesting, oil producers, United States, Royal Dutch Shell plc, Water pumping, IHS  
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10103 clicks; posted to Main » on 24 Oct 2012 at 11:28 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-24 09:30:47 AM  
It's weird but I thought the Ohio Shale find was the biggest find of all? Was that just hype?
 
vpb [TotalFark]
2012-10-24 09:33:24 AM  
So that's how Obama made gas so expensive!
 
2012-10-24 09:35:10 AM  
Didn't read the article. I guess this is good and bad. Slack regulations on things like Hydraulic Fracturing is bad. But it could create jobs, so that's good. But I doubt it'll lower energy prices, since there's no guarantee that a significant amount of this oil will be sold to the U.S., unless there's some regulation I'm missing.
 
2012-10-24 09:47:56 AM  
Farkin' A, Bubba.
 
2012-10-24 09:51:24 AM  
But I was told that Obama personally shut down the US oil industry with his job killing socialism.
 
2012-10-24 10:02:31 AM  
What are they going to name the lake when the bedrock is so fractured in Ohio and Pa. that the region becomes a giant sinkhole? If the footings to your house were broken like that it would be condemned.
 
2012-10-24 10:09:22 AM  
Is that why MItt Romney said oil production is lower than it was 4 years ago?
 
2012-10-24 10:11:57 AM  

oldernell: What are they going to name the lake when the bedrock is so fractured in Ohio and Pa. that the region becomes a giant sinkhole? If the footings to your house were broken like that it would be condemned.


The Ha-Ha Hole has a nice ring to it.
 
2012-10-24 11:30:57 AM  

Aarontology: But I was told that Obama personally shut down the US oil industry with his job killing socialism.


Top men have told me that the way to energy independence is to pipe Canadian oil to Texas to ship to China.

Yes, this is what Republicans actually believe.
 
2012-10-24 11:31:27 AM  
FTA: helping to make North America 'the new Middle East.'

Oh shiat!
 
2012-10-24 11:31:35 AM  
Woot! I can run my gas stove for free. Just need to plumb it up to my kitchen faucet.
 
2012-10-24 11:31:45 AM  
Damn you Obama for driving oil prices up by creating more supply!
 
2012-10-24 11:32:51 AM  
to an average of 10.9 million barrels per day

Damn, that is quite a bit of oil, along with the arab spring this makes the Iraq war even more pointless.
 
2012-10-24 11:33:08 AM  

GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?


Mitt Romney says a lot of things.
 
2012-10-24 11:33:08 AM  
B-b-b-b-but, OBAMA!!!
 
2012-10-24 11:33:54 AM  

meat0918: GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?

Mitt Romney says a lot of things.


If you ever disagree with him, just wait 15 minutes

/Just like the weather in HI
//That really doesn't have anything to do with this though...
 
2012-10-24 11:34:05 AM  

oldernell: What are they going to name the lake when the bedrock is so fractured in Ohio and Pa. that the region becomes a giant sinkhole? If the footings to your house were broken like that it would be condemned.


Lake Nom Nom Nom
 
2012-10-24 11:34:17 AM  
....say the few who will get richer from fracking, unless the many freak out about the whole Permanently Polluted Drinking and Irrigation Water thing.
 
2012-10-24 11:34:44 AM  
Republican voter: Fungible commodity markets, how do they work?
 
2012-10-24 11:34:48 AM  

GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?


Romney said that because he's a lying "empty suit" representing a party that cares more about being in power than telling the truth or doing what's best for this country.
 
2012-10-24 11:35:39 AM  
AWESOME!!

Now i don't need to worry about stupid farking alternative energy anymore!! Now we all can eat corn at a reasonable price again, cos we won't need it for biofuel!!!
 
2012-10-24 11:35:56 AM  

oldernell: What are they going to name the lake when the bedrock is so fractured in Ohio and Pa. that the region becomes a giant sinkhole? If the footings to your house were broken like that it would be condemned.


It'll all be worth it if I can afford to gas up my Hummer again... That thing gathers more dust than my treadmill
 
2012-10-24 11:37:51 AM  
Prices have to stay high or it won't be economically sensible to harvest shale gas/oil.
 
2012-10-24 11:38:37 AM  

Aarontology: But I was told that Obama personally shut down the US oil industry with his job killing socialism.


He did. But the brave job creators courageously chose to continue producing oil, even in the face of massive profits.

They succeeded in spite of Obama, not because of him.
 
2012-10-24 11:40:00 AM  

HMS_Blinkin: Aarontology: But I was told that Obama personally shut down the US oil industry with his job killing socialism.

He did. But the brave job creators courageously chose to continue producing oil, even in the face of massive profits.

They succeeded in spite of Obama, not because of him.


I like you.. nohomo
 
2012-10-24 11:40:15 AM  
"most of these rigs are on private property. They are drilling into places like the Bakken formation, which lies under parts of North Dakota and Montana.

"Had this been government land, we would likely still be awaiting drilling permits or fighting lawsuits from NGOs or outright drilling bans enacted from Congress," Mulva says.


HAHAHAH but Obama is the reason right? ALL HAIL KING OBAMA!!
 
2012-10-24 11:41:00 AM  
i.qkme.me
 
2012-10-24 11:41:12 AM  
And yet somehow I bet they will produce a lot of oil and refine it then ship it to China were they can use it to make products to coat with lead and use said oil again to ship it back to the US.

Then we have gone full circle and not gained a thing.

In a few years this will be our new flag.
www.cia.gov
 
2012-10-24 11:41:58 AM  
Woooo hoooooo now we can all get brand spanking new H4's!!!
 
2012-10-24 11:44:12 AM  
Amen brother, let's drill some more and keep putting more people to work so we can flip off those we have imported from for so long.
 
2012-10-24 11:44:14 AM  

GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?


Not sticken up for or being against Romney.
But its probably going to be 10+yrs down the road for any significant realization on oil production impact.
 
2012-10-24 11:44:47 AM  

GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?


someone will be along shorty to "clarify" his position
 
2012-10-24 11:45:42 AM  

SweetSaws: FTA: helping to make North America 'the new Middle East.'

Oh shiat!


Well the Republicans sure want to enact Taliban-like social restrictions on us; maybe that's where they got the idea since we're producing so much oil, after all.
 
2012-10-24 11:46:20 AM  
Listen my children and you will hear
The lies they want you to hear
Energy Independance is the rally cry
But war over oil is why you die

/simply amazing, both sides still shout the derp when the truth is printed right in front of you

"In War, there are no unwounded soldiers"
 
2012-10-24 11:46:46 AM  

lordjupiter: GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?

Romney said that because he's a lying "empty suit" representing a party that cares more about being in power than telling the truth or doing what's best for this country.


You didn't define any difference from either party there, skippy...they are all lying, empty suits whose sole purpose is to line their pockets while in office.
 
2012-10-24 11:47:12 AM  
Peak Oil!

/a lie
 
2012-10-24 11:47:17 AM  
Meanwhile, oil prices are tanking this week.

How long before Republicans cry the oil companies are bringing down gas prices in order to get Obama reelected?
 
2012-10-24 11:47:28 AM  
Those damn fungible molecules.
 
2012-10-24 11:47:31 AM  

SweetSaws: FTA: helping to make North America 'the new Middle East.'

Oh shiat!


Well we already have the televangelist ayatollahs so we aren't that far behind

Rape babies gawdsplan and all
 
2012-10-24 11:47:37 AM  

GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?


On government land, yes. That was what he correctly stated.

On private land where homeowners and drillers are drinking the milkshake up and the Feds can't do anything about, no.
 
2012-10-24 11:47:54 AM  
Oil is fungible!

/a lie
 
2012-10-24 11:48:05 AM  
WE'RE GOING TO BOMB THE SHIAT OUT OF OURSELVES!!!!
/wait....wut?
 
2012-10-24 11:48:53 AM  
Drill, Baby, Drill!

/a lie
 
2012-10-24 11:49:14 AM  

Joe Blowme: "most of these rigs are on private property. They are drilling into places like the Bakken formation, which lies under parts of North Dakota and Montana.

"Had this been government land, we would likely still be awaiting drilling permits or fighting lawsuits from NGOs or outright drilling bans enacted from Congress," Mulva says.


HAHAHAH but Obama is the reason right? ALL HAIL KING OBAMA!!


Pardon me if I don't think we should throw up drilling rigs all over public lands set aside specifically for the purpose of protection and the enjoyment of future generations all so we can pad the pockets of oil execs while gas prices still head up.

And the feds STILL regulate those drilling sites.
 
2012-10-24 11:49:58 AM  
USA is forced to buy oil from our enimies!

/a lie
 
2012-10-24 11:51:03 AM  

Ashrams: And yet somehow I bet they will produce a lot of oil and refine it then ship it to China were they can use it to make products to coat with lead and use said oil again to ship it back to the US.

Then we have gone full circle and not gained a thing.

In a few years this will be our new flag.
[www.cia.gov image 453x304]


You mean Alberta's new flag. Our prime minister is set to sell one of our largest oil fields to China for $15B CDN. He's an idiot.
 
2012-10-24 11:51:49 AM  

chi_tino: GAT_00: Is that why MItt Romney said oil production is lower than it was 4 years ago?

On government land, yes. That was what he correctly stated.

On private land where homeowners and drillers are drinking the milkshake up and the Feds can't do anything about, no.



Nuh-uh...

www.campnofriends.com
 
2012-10-24 11:52:16 AM  
Yay! Let's use up all of our domestic oil resources quicker!
 
2012-10-24 11:52:19 AM  
This just in!

Big Oil throws away PROFIT to support sitting Prez. Gas price drops $1.00/gal until the election.

/sweet
 
2012-10-24 11:53:17 AM  
I was assured that Obama has permanently destroyed the oil and coal industries.
 
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