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(Guardian)   US east coast holds enough oil and gas reserves to supply Europe and China for decades   (theguardian.com) divider line 82
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2455 clicks; posted to Business » on 19 Jul 2014 at 4:57 PM (18 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-19 01:49:04 PM  
I LOL'd
 
2014-07-19 01:55:46 PM  
There goes Obama trying to destroy the coal industry again
 
2014-07-19 02:15:00 PM  
This is actually bad news.  The problem isn't that we're running out of fossil fuels, the truth is we aren't and we won't any time soon.  At the current usage rate we have at least 50 years of oil left and probably 100-200 years of coal.  Why go green or even bother turning the lights out when that cheap energy crack is flowing?
 
2014-07-19 02:23:58 PM  
It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.
 
2014-07-19 02:27:59 PM  

Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.


These days oil is just being priced like there's a dwindling supply

/kind of like the diamond scam
 
ZAZ [TotalFark]
2014-07-19 02:32:28 PM  
I thought this was going to be about fracking in the Pioneer Valley (the aging hippie progressive protest marching part of Massachusetts).  There are potentially frackable layers under New England.
 
2014-07-19 02:42:58 PM  
Plankton and Krill rejoice!
 
vpb [TotalFark]
2014-07-19 03:15:19 PM  

Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.


Grafs?
 
2014-07-19 03:35:36 PM  

vpb: Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.

Grafs?


upload.wikimedia.org
silodrome.com
What grafs might look like
 
2014-07-19 03:39:57 PM  

MaudlinMutantMollusk: vpb: Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.

Grafs?

[upload.wikimedia.org image 800x528]
[silodrome.com image 850x576]
What grafs might look like


static.guim.co.uk

My god. It's full of grafs.
 
2014-07-19 03:45:57 PM  
What grafs might look like
i.imgur.com
 
2014-07-19 04:24:57 PM  

www.dynoxicon.com


GRAFS GONNA GRAF

 
2014-07-19 04:45:47 PM  
i1079.photobucket.com
 
2014-07-19 04:52:57 PM  

nekom: This is actually bad news.  The problem isn't that we're running out of fossil fuels, the truth is we aren't and we won't any time soon.  At the current usage rate we have at least 50 years of oil left and probably 100-200 years of coal.  Why go green or even bother turning the lights out when that cheap energy crack is flowing?


Plus, we have more than enough oil available right now.  We don't need to risk serious environmental repercussions when oil is so plentiful from other sources.
Let's leave the Atlantic oil where it is for now and save it for a rainy day.  We can start the real transition from a fossil fuel based energy economy and have it as a backup in case we don't finish the transition in time.
 
2014-07-19 05:06:42 PM  
I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.
 
2014-07-19 05:27:26 PM  

MaudlinMutantMollusk: Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.

These days oil is just being priced like there's a dwindling supply

/kind of like the diamond scam


There's definitely shenanigans with oil pricing, but the cheap stuff really is dwindling.  The ONLY reason we're talking about drilling here is because it can only be supported at today's higher prices.
 
2014-07-19 05:33:40 PM  

nekom: This is actually bad news.  The problem isn't that we're running out of fossil fuels, the truth is we aren't and we won't any time soon.  At the current usage rate we have at least 50 years of oil left and probably 100-200 years of coal.  Why go green or even bother turning the lights out when that cheap energy crack is flowing?


The spice must flow.

img.4plebs.org
 
2014-07-19 05:36:00 PM  

DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.


When you elect someone on the two words of Hope and Change without any clear definition of what that means, you deserve what you get.
 
2014-07-19 05:53:41 PM  
Typical East Coast news bias.
 
2014-07-19 05:56:37 PM  
Anyone else think this was announced as a means of telling Russia that they won't be relevant if they keep on their current path?

AKA "We're going to take up the slack so that Europe doesn't have to buy gas from you anymore:"
 
2014-07-19 06:06:18 PM  

Spare Me: DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.

When you elect someone on the two words of Hope and Change without any clear definition of what that means, you deserve what you get.


I dunno. McCain's behavior during the campaign demonstrated that he wasn't fit for the office. The Supreme Court was also tilting too far right. The "hope and change" slogan was just some bullshiat, as most slogans are. Who would you have proposed that I vote for?
 
2014-07-19 06:06:19 PM  

wxboy: Anyone else think this was announced as a means of telling Russia that they won't be relevant if they keep on their current path?

AKA "We're going to take up the slack so that Europe doesn't have to buy gas from you anymore:"


Or at least to tell the markets to try and not go too bonkers, as shiat is about to get real in a major oil producing region.
 
2014-07-19 06:10:14 PM  

DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.


If you actually read his campaign literature when he was annihilating the other Democrats in the primaries or McCain and Romney in the elections, you would have noticed he didn't have any beliefs.    His info proposed not a single concrete program or philosophy.  His oration was so good that it let folks, apparently including you, write their own interests onto his blank slate without noticing that there was no there there.
 
2014-07-19 06:22:17 PM  

wxboy: Anyone else think this was announced as a means of telling Russia that they won't be relevant if they keep on their current path?

AKA "We're going to take up the slack so that Europe doesn't have to buy gas from you anymore:"


Wouldn't it be a hoot if 0bama's actual legacy amounts to being the greatest POTUS for oil and gas expansion in Cold War II.

I would giggle like a little girl at all the exploding heads, as far as the eye can see.
 
2014-07-19 06:22:25 PM  

Spare Me: DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.

When you elect someone on the two words of Hope and Change without any clear definition of what that means, you deserve what you get.


I'll take it over the alternative all day long!
 
2014-07-19 06:22:57 PM  

jgk3: DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.

If you actually read his campaign literature when he was annihilating the other Democrats in the primaries or McCain and Romney in the elections, you would have noticed he didn't have any beliefs.    His info proposed not a single concrete program or philosophy.  His oration was so good that it let folks, apparently including you, write their own interests onto his blank slate without noticing that there was no there there.


Yeah, neither does Hillary. That's the thing. You can't complain about Obama's election without understanding the context. That oration looked like a winner, making Obama electable, unlike Kerry in 2004, who only kept insisting he was, all evidence to the contrary. Hillary, on the other hand, was a dry, stiff, humorless campaigner with little charisma or ability to work a crowd, and sky high negatives. Perhaps she still could have beaten McCain, burdened as he was with Sarah Palin, and his own impetuous missteps, the previous administration's, and the extreme ideology of much of his party, but it was far more iffy. You're always picking between turds. No one else would want the job. You just have to find the one that smells least in the election cycle in which they are running.
 
2014-07-19 06:30:05 PM  
But enough about the hair on New Jersey.
 
2014-07-19 06:40:36 PM  

dstrick44: Spare Me: DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.

When you elect someone on the two words of Hope and Change without any clear definition of what that means, you deserve what you get.

I'll take it over the alternative all day long!


You'll take smoke, mirrors, blind wishful thinking and false promises all day long. Got it. There used to be this ancient skill that is long forgotten. It's known in the old dusty books as "Critical Thinking". I can sorta see McCain as a no go but Romney was an open book business man, just what America needed.

You would rather follow emotion and fairy tales from South Chicago. Remember that point, South Chicago. It's very important.

As you ride your clouds of euphoria in your dreams of Hope and Change™, Try..just a little, to dust off an old history book and learn about "Critical Thinking". I know it's an ancient art but it's a good one, Shallowman.
 
2014-07-19 06:47:10 PM  

Spare Me: dstrick44: Spare Me: DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.

When you elect someone on the two words of Hope and Change without any clear definition of what that means, you deserve what you get.

I'll take it over the alternative all day long!

You'll take smoke, mirrors, blind wishful thinking and false promises all day long. Got it. There used to be this ancient skill that is long forgotten. It's known in the old dusty books as "Critical Thinking". I can sorta see McCain as a no go but Romney was an open book business man, just what America needed.

You would rather follow emotion and fairy tales from South Chicago. Remember that point, South Chicago. It's very important.

As you ride your clouds of euphoria in your dreams of Hope and Change™, Try..just a little, to dust off an old history book and learn about "Critical Thinking". I know it's an ancient art but it's a good one, Shallowman.


Government isn't a business, and shouldn't and can't run like one. Romney was an improvement over McCain, I suppose, but not enough of one.
 
2014-07-19 06:49:43 PM  
NSA and now this? Jerk
 
2014-07-19 06:52:13 PM  

jgk3: If you actually read his campaign literature when he was annihilating the other Democrats in the primaries or McCain and Romney in the elections, you would have noticed he didn't have any beliefs.    His info proposed not a single concrete program or philosophy.  His oration was so good that it let folks, apparently including you, write their own interests onto his blank slate without noticing that there was no there there.


Yeah! Obama didn't make one concrete promise or proposal the entire campaign! How could we have elected such a blank slate??? Oh wait, we didn't elect a blank slate, and your comment is completely wrong...


Obama's campaign promises
 
2014-07-19 06:54:47 PM  

forgotmydamnusername: Government isn't a business, and shouldn't and can't run like one. Romney was an improvement over McCain, I suppose, but not enough of one.


Anything real was an improvement over smoke and mirrors dream state.
 
2014-07-19 06:57:29 PM  

forgotmydamnusername: Government isn't a business, and shouldn't and can't run like one. Romney was an improvement over McCain, I suppose, but not enough of one.


I never said government should run like a business, we just need a POTUS that actually understands business. Barry has never even run a lemonade stand. Never. He's been a government parasite all his life. ALL.

/bzzzzt
 
2014-07-19 07:33:42 PM  

Spare Me: forgotmydamnusername: Government isn't a business, and shouldn't and can't run like one. Romney was an improvement over McCain, I suppose, but not enough of one.

I never said government should run like a business, we just need a POTUS that actually understands business. Barry has never even run a lemonade stand. Never. He's been a government parasite all his life. ALL.

/bzzzzt


Yeah, we had an MBA President. How'd that work out?
 
2014-07-19 07:34:56 PM  

Spare Me: You'll take smoke, mirrors, blind wishful thinking and false promises all day long. Got it. There used to be this ancient skill that is long forgotten. It's known in the old dusty books as "Critical Thinking".


You're absolutely right. I saw through the smoke, mirrors, blind wishful thinking and false promises that both McCain and Romney tried to sold to us and realized that Obama was the lesser of the evils.

I can sorta see McCain as a no go but Romney was an open book business man, just what America needed.

A man who was also so clueless when it came to foreign policy that he managed to piss off the UK on something as mundane as the Olympics. A man who basically said he would be a yes-man to Netanyahu and his interests.

Obama may have his flaws when it comes to domestic policy but Romney reminded me why I wanted to get the hell away from the Bush-era Foreign Policy and why voting for Romney would've brought that back.
 
2014-07-19 07:37:55 PM  
German usage of the dirtiest forms of coal is rising now that there decommissioned their nuclear fuel is rising..

"But but but, for a few hours in May they made 50 percent of their electricity from solar"

Sure but where did the other 53 percent come from, and where does in come from at night, and in the winter etc?

Renewables are 40 years away from solving the bulk base load problem.. Until then, your choices are nuclear, natural gas, or coal...

We need new nuclear plants, lots of them.. Even if we have a few more Fukushima like fark ups, and there's no reason why we need to with new gen3+ and gen4 designs, but even if we did, it would still be e best thing for the environment
 
2014-07-19 07:51:43 PM  

Spare Me: forgotmydamnusername: Government isn't a business, and shouldn't and can't run like one. Romney was an improvement over McCain, I suppose, but not enough of one.

I never said government should run like a business, we just need a POTUS that actually understands business. Barry has never even run a lemonade stand. Never. He's been a government parasite all his life. ALL.

/bzzzzt


May 2012 huh?  You discovered Fark in May 2012 and decided to join in on all the discussion?

What I miss most about political debate around here is the sincerity.  The Bush/Cheney administration so kicked the shiat from intelligent conservative people that no-one with any sincerity is a Republican Conservative around here any more.  Lots of sincere conservative Repubs on the internet, of course, but not lots of intelligent ones.  And any intelligent sincere conservative (potential) Republicans have each and every one fled the party screaming and yelling in the past 10 years.

In the lead up to the Iraq War, there were lots of intelligent sincere conservative Republicans to debate with on Fark.  They were wrong, and progressives were right, of course, but good debate could be had.  Now it is just pathetic posters like Spare Me.  Who discovered Fark in May of 2012 and not before then.
 
2014-07-19 07:57:16 PM  

vpb: Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.

Grafs?


Sorry - that's how it's spelled in the sports tab.
 
2014-07-19 09:03:03 PM  

jaylectricity: Plankton and Krill rejoice!


www.jeffbots.com
 
2014-07-19 09:15:59 PM  
The surveys can also map marine habitats and identify solid undersea flooring for wind energy turbines. But fossil fuel mostly funds this research, and corporations keep the data secret, disclosing it only to the government."They paid for it, so I can see why they don't want to share. These things are not cheap," said John Jaeger, a University of Florida geology professor.

And this is the problem... the government sits on trillions of dollars in assets but gives away the store (see the 1872 Mining Act). They need to collect royalties at near-market rates and/or have requirements that data be made public. If a company claims that some of the data is a trade secret, they can pay to keep it private and it can only be data that is clearly related to their activity. In this case, mapping ocean habitats and the like aren't trade secrets and should be considered as partial payment for the privilege of exploring and/or drilling offshore.

Republicans, more than anyone, should insist on this. It gets to their "run government like a business" mantra and it brings in revenue without raising taxes. But of course they won't because it doesn't benefit their friends at everyone else's expense.
 
2014-07-19 09:22:18 PM  

Dinki: jgk3: If you actually read his campaign literature when he was annihilating the other Democrats in the primaries or McCain and Romney in the elections, you would have noticed he didn't have any beliefs.    His info proposed not a single concrete program or philosophy.  His oration was so good that it let folks, apparently including you, write their own interests onto his blank slate without noticing that there was no there there.

Yeah! Obama didn't make one concrete promise or proposal the entire campaign! How could we have elected such a blank slate??? Oh wait, we didn't elect a blank slate, and your comment is completely wrong...


Obama's campaign promises


Dude, let them have their little jerk off fantasy. You see his post started the Derp squads "Obama is an empty suit that Liberals fell for" circle jerk.
 
2014-07-19 09:27:34 PM  

jgk3: DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.

If you actually read his campaign literature when he was annihilating the other Democrats in the primaries or McCain and Romney in the elections, you would have noticed he didn't have any beliefs.    His info proposed not a single concrete program or philosophy.  His oration was so good that it let folks, apparently including you, write their own interests onto his blank slate without noticing that there was no there there.


That's odd because I remember that he had some general ideas and actually had solutions for stuff.

Meanwhile the McCain and Romney campaigns were like this:  https://www.youtube.com/watch?v=29E6GbYdB1c
 
2014-07-19 09:28:08 PM  

Harvey Manfrenjensenjen: Republicans, more than anyone, should insist on this. It gets to their "run government like a business" mantra and it brings in revenue without raising taxes. But of course they won't because it doesn't benefit their friends at everyone else's expense


I would think oil companies would want at least some of the info public - there's plenty of spots along the east coast that were befouled by industry ages ago and if I'm in the oil company's shoes I don't want to be hassled over a mess somebody else made when Roosevelt (either one) was president.
 
2014-07-19 09:36:47 PM  

Gulper Eel: Harvey Manfrenjensenjen: Republicans, more than anyone, should insist on this. It gets to their "run government like a business" mantra and it brings in revenue without raising taxes. But of course they won't because it doesn't benefit their friends at everyone else's expense

I would think oil companies would want at least some of the info public - there's plenty of spots along the east coast that were befouled by industry ages ago and if I'm in the oil company's shoes I don't want to be hassled over a mess somebody else made when Roosevelt (either one) was president.


You would think so but what's happening in PA tells us otherwise.

My problem isn't fracking itself, its the people doing the fracking I dont trust.
 
2014-07-19 09:57:49 PM  

PhiloeBedoe: [i1079.photobucket.com image 500x500]


Spirograf?
 
2014-07-19 10:09:18 PM  

bearded clamorer: MaudlinMutantMollusk: vpb: Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.

Grafs?

[upload.wikimedia.org image 800x528]
[silodrome.com image 850x576]
What grafs might look like

[static.guim.co.uk image 400x240]

My god. It's full of grafs.


Steffi just hasn't aged well. Not that she was all that to begin with.

/Gabriella Sabatini, FTW
 
2014-07-19 10:40:01 PM  

12349876: MaudlinMutantMollusk: Triumph: It's too bad the peak oil alarmists have moved on to global warming. Otherwise this thread would be full of grafs.

These days oil is just being priced like there's a dwindling supply

/kind of like the diamond scam

There's definitely shenanigans with oil pricing, but the cheap stuff really is dwindling.  The ONLY reason we're talking about drilling here is because it can only be supported at today's higher prices.


It's almost as if we went over a peak.
 
2014-07-19 11:07:22 PM  

nekom: This is actually bad news.  The problem isn't that we're running out of fossil fuels, the truth is we aren't and we won't any time soon.  At the current usage rate we have at least 50 years of oil left and probably 100-200 years of coal.  Why go green or even bother turning the lights out when that cheap energy crack is flowing?


Making shiatloads of money with our natural resources s a bad thing?

We will move to solar (for example) when solar is cheap than oil and coal.  Because it's an economic argument, not a sacrifice for the pwoor pwanet argument.

So right now?  The economic argument?

It's time to sell ALL of our oil and coal.  Rape that shiat as fast as possible.
 
2014-07-19 11:09:26 PM  

Spare Me: DubyaHater: I didn't realize the "change" Obama promised was changing is own beliefs after he was elected.

When you elect someone on the two words of Hope and Change without any clear definition of what that means, you deserve what you get.


It's a disappointment, to be sure.  Knowing what I know now, the differences between candidate Obama and President Obama?

I would not have voted for Obama.

But I still would have voted against his opponents. Definitely.
 
2014-07-19 11:51:30 PM  

sendtodave: We will move to solar (for example) when solar is cheap than oil and coal. Because it's an economic argument, not a sacrifice for the pwoor pwanet argument.


Yeah, to hell with the environment.  We just live in it, that's all.
 
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