Monday, November 14, 2011

Oil Co. Finds A Billion Barrels in Obscure, Remote Hinterland

The anti-capitalist, anti-development, anti-progress, Malthusian environmental movement bases their opposition to hydrocarbon energy on, let's face it, whatever works. If they can't scare us with global warming, they will make their stand against fossil fuels on more reasonable sounding concerns over resource availability. For years they've been telling us the age of oil is over, then they qualified that to say the age of easy, or cheap, oil is over, saying we'd have to go to the ends of the earth to find increasingly smaller, meaningless pools of oil that are prohibitively expensive to tap.

How many times do we have to prove this wrong to bury the theme and convince the bamboozled public that they've been lied to for years? As North Dakota rockets to the top of the tables as an oil-producing state in a matter of a few years and Pennsylvania becomes the locus of the largest natural gas development prospects on the planet, we now learn of a nearly billion barrel recoverable resource in remote, obscure...wait for it...Colorado.

Anadarko Petroleum Corp. said that land it controls in northern Colorado may hold more than a billion barrels of recoverable oil and natural gas, the latest sign that U.S. energy production is set to surge.

The Woodlands, Texas-based exploration company's disclosure could vault Colorado's Wattenberg field into the ranks of major oil developments in the United States, joining the Bakken Shale in North Dakota and the Eagle Ford in South Texas. These new sources of oil are reversing four decades of declining domestic energy production.

Reminds me of something...
"'Energy supply' is determined not by 'what's out there' but by how good we are at finding and extracting it. What is scarce is not raw energy but the drive and the logic that is able to locate, purify, and channel it to our own ends."


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