Chat with us, powered by LiveChat
Politics

Feds Discover Largest Oil, Natural-Gas Reserve in History

pipeline oil natural gas reserve

The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.”

“Christmas came a few weeks early this year,” Secretary of the Interior Ryan Zinke said of the new reserve, which is believed to have enough energy to fuel the U.S. for nearly seven years.

 

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

Reprinted with permission from - National Review - by Mairead McArdle

If You Enjoy Articles Like This - Subscribe to the AMAC Daily Newsletter!

Sign Up Today
Read more articles by Outside Contributor

24
Leave a Reply

18 Comment threads
6 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
21 Comment authors
  Subscribe  
newest oldest most voted
Notify of
Tommy Molnar

Oh no. Not more oil and gas to help America be energy independent! Affordable energy at that. No, we need to keep spending huge sums of money on undependable and out-of-control expensive solar and wind farms. That way we can keep taking public land away from Americans, and kill off many protected bird species.

joeupyours

SOMETHING ELSE 4 libTURD demoRATS 2 CRY ABOUT!

JaneDeaux

Time to tap that!😊 Completely cut ties with the hostile foreign countries that like to hold their resources over our heads and open up a new source of income for us by selling our cheaper resources from a much more reliable country- us!!

T.M.

This good news indeed! The less we have to depend on oil and natural gas from overseas and from North American neighbors the better. This must be bad news to our enemies, to those in and out of our country.

Richard Wilson

‘The Feds” have never discovered anything! The headline should read “Federal Bureaucracy announces that they’ve just become aware of oil reserves that private companies discovered some time ago”.

CHALY

What is disturbing about this is that we went through the B.S. to get drilling all over this country where there is oil, we find it, drill for it, ship it through half the country and do what with it, export it!!! We are now a net exporter! What happened to the energy independence and the lower gas prices that help our own citizens. I have no problem with the drilling, etc. because we need it but it is our countries oil, not a cash cow for that industry.

John Wesley

Looks like more AMERICAN energy for export. What is wrong with us. DRILL HERE, PAY LESS. A bumper sticker still on my car. We were to be “energy independent”, but now we are the worlds largest energy EXPORTER.

Trucker582

We’ve heard this back thru the ’60s, that we have enough oil and nat gas to last lifetimes over. Then the 70’s came with the embargos, and opec, and suddenly… shortages, gas wars. We need to stop listening to talking heads, and realize that we the people are in charge of our own realitys, and stop this train. The government will say anything to quiet our thoughts, and keep us enslaved to them. “WE THE PEOPLE”!

SJB

This is great! I wish we could develop our huge U.S. supply of rare earth metals in the same way. We had a rare earth mine that was shuttered because China sells rare earth metals at extremely cheap prices. Everyone buys rare earth metals from them. Some years back, China reduced exports and drove the price of these metals up. When competition appeared, they dropped their prices and drove the competition from the market. We need to be independent from foreign resources as much as possible.

Steven Elzy

The oil is great! We need new refineries in our nation.! No sending the crude out to be refined and then importing refined!!

Leroy Johnston

I would like to See More Refineries Built Closer to the Source, that way Only the Cost of Production Need be Charged as the Oil could be Piped to the Nearby Refinery, Cheap. Lower the Cost of Gasoline and Reclaim the Middle Class. Please

Robert

I hope we never run out of oil! But, it just seems inevitable.

Terry L Helms

Imagine That, God give prophecy to Mark Taylor about America becoming energy independent at least a decade before all this had been found. God also told Mark about President Trump becoming President and more. So Mark Taylor and Kim Clement gave us prophecy from God about America’s future. My suggestion to those that don’t believe is to read. Support our President Trump and pray. God bless you all, God bless America.
Semper Fi!
Terry

Chuck Kimberl

Now, let’s hope this new found energy stays in the U.S. for our use.

Ed Schrade

Do not allow this oil or natural gas to be transported – used in states that think fossil fuels are a danger to the planet.Let em freeze in the dark.

D.E.R

I agree with Trucker 582. We are the people, not big government or the oil industry.

D.E.R

I agree with Trucker 582. We are the people of this nation not big government or the oil industry.

Larry Gallemore

Only in TexasM The Greatest State in the United States !!!!!!