Black Gold….Texas Tea

 

wolfcampshale2016Since Donald Trump’s election, environmental zealots have mostly had a very rough two weeks — and Donald Trump has had nothing to do with any of it.

Two developments they consider really bad (meaning good for the rest of us) far outweigh the single item they’re celebrating. First, in Wyoming, just two days after the election, their “fracking is bad” Exhibit A in Pavillion, Wyoming was completely discredited. Second, in Texas this week, a huge oil discovery was reported — so big and unprecedented that the only commenter at the Associated Press’s coverage of the story at the Washington Post wrote: “This … should be front-page news given its economic and geopolitical impact” — but of course it’s not.

Neither good-for-us, bad-for-them story is getting adequate press attention.

That’s just the start:

The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and 1.6 billion barrels of natural gas liquids, the agency said in a release.

The discovery is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations in the Dakotas and Montana, said Chris Schenk, a Denver-based research geologist for the agency.

We’re still not done:

… there are multiple shales that interlock, with Wolfcamp being just one, so it’s expected that future drilling will unlock other oil fields that will be comparable to this week’s assessment by the Geological Survey.
Bloomberg News calls it a “$900 billion treasure”:

The estimate lends credence to Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield’s assertion that the Permian’s shale endowment could hold as much as 75 billion barrels (including the other unlocked oil fields mentioned earlier — Ed.), making it second only to Saudi Arabia’s Ghawar field.
At $45 a barrel, the 75 billion barrel estimate would make it a $3.4 trillion treasure.

It would appear that the establishment press is too busy covering the unhinged left’s wailing and gnashing of teeth over Trump’s presidential victory along with their hysterical reactions to his transition efforts and announced appointments to give exciting things happening elsewhere in the U.S. the visibility they deserve. They need to look outside of their Northeast Corridor bubble and tell their readers the good news — even though the fossil-fuels-are-evil holdouts among their readers and viewers surely won’t be pleased.

(extract from Article in Newsbusters )

http://www.newsbusters.org/blogs/nb/tom-blumer/2016/11/20/press-virtually-ignoring-recent-awesome-fossil-fuel-related-news