I couldn't find any Bloomberg News story about a discovery of the world's largest gas field in the state of Wyoming.

I did find this.

We've discovered new technology. Not new gas fields.

Does the US have more oil and gas than it did 100 years ago? No. There's less. Every time you turn on your furnace or start your car, there's less than there was before. That's why prices keep going up. And gas that wasn't feasible 20 or 30 years ago, can now be produced at a profit. Good news for oil companies and commodities traders who read Bloomberg's newspaper . Bad news for you and I.


Fast forward 20-30 years. America's supposedly enormous oil and gas fields are starting to run dry. Non-aligned producers like Iran and Russia suddenly have a lot more bargaining power, and as oil companies become more willing to do business with them, their proven reserves will increase.

 

It's the biggest scam in history. Lot's of VERY rich, and powerful people want to get richer, and more powerful. J'ever wonder Who funded Al's Propaganda?

Just goes to show how many Lemmings there are in this country.

 

Maybe someone meant North Dakota oil fields. That state has been riding high in this recession because of oil revenue.
http://www.nextenergynews.com/news1/...news2.13s.html

http://www.theoildrum.com/node/3868
Info is a little over a year old when they first discovered it but I think relevant. Now we do have more oil than we did in 2007.

 

We can contrast "technically recoverable" to "economically recoverable," a term which can be taken as the amount of producible reserves that will give a reasonable return on capital invested. The volume of economically recoverable reserves will change as oil price, cost of wells, etc. vary. In reality, some of the areas of poorer reservoir will never be drilled because of poor economics: the cost and risk will not be offset by the expected recovery of oil. It is true that more of these marginal areas will be exploited as the price of oil rises.


There's lots of oil. If you don't mind paying $5/gallon. The higher the price goes, the deeper the oil companies will drill and find more oil.

This article was published last spring. When oil was over $100 a barrel.

Look at the state the economy is in now. People can't afford to buy $4/gallon gas and still pay their mortgages. Obama has to give people $4000 handout just so they will go out and buy an economy car.

 

And 100 years ago they were worried about England and Europe freezing over due to the COOLING cycle the earth went through....

it's not rocket science - it's cycles.... happens every year too - ya know, they call it 'seasons'

As stated - follow the money - Brother Gore has made a lot of it and now GE - who owns NBC - who pushed Obuma - is about to get a money dump for cap and trade from the guy they got elected....

Hmmm, isn't that buying votes ?!? Used to be frowned on before....

oh yeah, and that $31 Million that went to Acorn.... don't fret about that....I'm SURE it was not a payoff !

 

do not believe everything you read on the web without taking the time to verifie it for yourself .... btw the interweb is serious bidness



also did you know al gore invited the interwebs ? amazering

 

The sky is falling!! The sky is falling!!!


Pete

 

On thing nice about this whole "Global Warming" bizness is it is just theory.
Unbelievers don't have to prove it doesn't exist but global warming believers have to prove that it does!! Fat chance on that, proving something that isn't true!!

 

Earlier this year in a speech at the University of Maryland College Park, AFTER arriving in a motorcade of large gasoline fueled SUVs, Al Gore said that within 5 years Anarctica will be completely melted. Can we have the SEC check and see if he owns stock in L.L. Bean?

 

To try and stop global warming, you'd have to take away everyone's car, close all the factories, and force people to go back to living like peasants, working the land with their bare hands. Like communism.

Global warming will kill a lot of people. But if you read history, there have always been famines and such as civilizations go through crises. The communists promised they were going to fix history. But they killed even more people.

There's no free lunch. Animals starve to death all the time. People are social animals. We form organizations to work together. But those organizations are still flawed and people still starve and suffer.

We just need to take our medicine. And that's our politicians problem. People today are all conditioned to be sensitive and caring. They want government to make everything right when history shows us that just isn't possible.

People want to have big cars, a big house. And if those choices come with consequences, like war and terrorism, or pollution, they want to be protected from that as well. They don't even want to see pictures of what is happening. they want to be protected. But if some soldier has his picture taken with his foot on top of an Iraqi, they want him punished, so they don't have to live with their own guilt.

Al Gore fills that wimp niche. He plays on people's fears about global warming, and then fills your head with this romanticized vision of windmills and solar panels. In reality Al Gore's utopia will look more like KimJongLand.

 

I'm not going to comment on the whole "Global Warning" topic. But I will add that 20 years ago there wasn't UV index warnings ( unless someone can correct me on this ) and that SPF 50 sunscreen was overkill.........

 

That's why "global warming" is a bad name. What it means is that AVERAGE GLOBAL TEMPERATURES are warming. The problem is that most people cannot conceptualize what raising the global average temperature one degree really means. Which is why the new moniker is "climate change."

And the issue is not "does climate change" -- because yes, climate changes naturally. The issue is the RATE at which it changes which, yes, HAS been influenced significantly by human activity and accelerated to a rate at which natural systems can no longer adapt.

I've seen the data, reviewed the data, worked with and conversed with climatologists (it's a VERY complex field). The data, BTW, is not coming from 30 year old satellites -- that is a very small span of time and a small sample size for climate data. The real data comes from measurements of the surface of the ocean as well as from ice cores in arctic regions, sediment samples from ocean floors, etc etc etc.

It's not about "is X season warmer" or "is X day cooler." This is about trends over decades and centuries and what you will see is changes in precipitation patterns (already occurring) that will be the most damaging -- dry areas will get drier, wet areas will get wetter, snowy areas will get snowier, and the vice versa can also be true. The last 50 years of human development in the US have occurred during some of the wettest years on records, which has made it possible for many arid Western areas to be settled. It won't seem like such a good idea when the weather patterns change and that rain stops falling.