Largest ever continuous oil and gas resource found in the United States

[just Warren]

From December. Don't remember hearing about it though.

How many of these huge patches are out there? Maybe not this size, but big enough to move the needle on known reserves.

Will we ever be rid of people who claim that we're running out of oil and NG? That's the scarcity I want to see.

[WLJ]

From December. Don't remember hearing about it though.

How many of these huge patches are out there? Maybe not this size, but big enough to move the needle on known reserves.

Will we ever be rid of people who claim that we're running out of oil and NG? That's the scarcity I want to see.

I seem to recall a time, a time in the prehistoric past, a wild and crazy time called the 70s, that we were told that we were suppose to be completely out of oil by the 1990s and that the science was unquestionably settled.

Oh, and that my house was suppose to be under a mile and a half of glacial ice by now.

[WLJ]

And this is from 2011

[MillCreek]

I suspect that at some point in the future, we will indeed run out of petroleum oil and natural gas on the Earth, since a new supply is not being made by geological processes.  Will we run out of reserves that are economically and technologically feasible to extract is the question.

[MechAg94]

The sky is falling crowd always forget those numbers are based on proven reserves (as the article points out) which is a smaller part of known oil containing areas.  And that doesn't even account for the fact that there are large areas of the planet we have not even done much prospecting for oil.  Think what we would have if we looked at the East and West coast off shore areas.  

[MechAg94]

I suspect that at some point in the future, we will indeed run out of petroleum oil and natural gas on the Earth, since a new supply is not being made by geological processes.  Will we run out of reserves that are economically and technologically feasible to extract is the question.

I figure we eventually will, but we have some time.

[WLJ]

I suspect that at some point in the future, we will indeed run out of petroleum oil and natural gas on the Earth, since a new supply is not being made by geological processes.  Will we run out of reserves that are economically and technologically feasible to extract is the question.

Yes we will, that's why I don't criticize things like elec cars and such. Sure they're a bit of a pain now but technology marches on and I'm reasonably sure they will get improved to the point where they can be a viable replacement, they're just not there yet.
What I do criticize is the doom and gloom, the world is coming to an end the day after tomorrow, we're all going to die if you don't completely change your lifestyle by this afternoon, the science is unquestionably settled, panic crowd.

[charby]

In the 1970s Amoco drilled a deep oil exploration hole in Iowa near the midcontinental rift. Rumor is they found something, but they pulled out asap. Also one of the few areas in Iowa where mineral rights are seperate from land.

So I'm expecting a giant oil/gas discovery someday for Iowa.

[Perd Hapley]

Yes we will, that's why I don't criticize things like elec cars and such. Sure they're a bit of a pain now but technology marches on and I'm reasonably sure they will get improved to the point where they can be a viable replacement, they're just not there yet.
What I do criticize is the doom and gloom, the world is coming to an end the day after tomorrow, we're all going to die if you don't completely change your lifestyle by this afternoon, the science is unquestionably settled, panic crowd.

Also, they need to stop pushing tech that's not ready for prime-time. Let the electric cars and solar power and LED lighting mature. People will adopt them when they become better tech than what they've had before.

But no, they'd rather make things political. They'd rather push CFLs, and make everyone sick of them, and then push half-baked LED bulbs on everybody, and do it all over again.

edit: I guess I'd better clarify, since people like to argue about light bulbs so much. I'm not disparaging LED bulbs. What I mean is that LED lighting is one of those technologies that was rolled out too quickly (i.e., government and misguided eco-alarmism got involved), so that too much early-gen LED stuff got out there. While it was not as bad as the ill-fated CFL twister bulbs, it did turn off some people, or at least give them the wrong idea. In my job, I often hear people talk about how "bad" the light is from LEDs, because too much LED was sold, before they got the color temp. and CRI issues sorted out a little better. Now, those people think there's only one kind of light from LEDs, and it's not the good kind. I also know a hardware store that hired someone to replace their fluor. tubes with LED strips, and then went back to fluorescents, when those didn't work out. There are much better LED retrofit products out today, but it's gonna be a while before they're ready to try LEDs again. I suspect they're not the only ones.

[Scout26]

Also, they need to stop pushing tech that's not ready for prime-time. Let the electric cars and solar power and LED lighting mature. People will adopt them when they become better tech than what they've had before.

But no, they'd rather make things political. They'd rather push CFLs, and make everyone sick of them, and then push half-baked LED bulbs on everybody, and do it all over again.

I can't find the article, but there was a great one about how nothing works in the US (compared to other nations) and everything is overpriced.  Showers, toilets, dishwashers, washing machines, light bulbs, etc..  And you can't buy ones that actually "work".

https://althouse.blogspot.com/2011/03/rand-paul-is-pro-choice-about-toilets.html

[Regolith]

In the 1970s Amoco drilled a deep oil exploration hole in Iowa near the midcontinental rift. Rumor is they found something, but they pulled out asap. Also one of the few areas in Iowa where mineral rights are seperate from land.

So I'm expecting a giant oil/gas discovery someday for Iowa.

[RoadKingLarry]

I can't find the article, but there was a great one about how nothing works in the US (compared to other nations) and everything is overpriced.  Showers, toilets, dishwashers, washing machines, light bulbs, etc..  And you can't buy ones that actually "work".

https://althouse.blogspot.com/2011/03/rand-paul-is-pro-choice-about-toilets.html

You can have my 5 gallon flush toilets when you pry my cold, dead ass off of them.

[charby]

In the 1970s Amoco drilled a deep oil exploration hole in Iowa near the midcontinental rift. Rumor is they found something, but they pulled out asap. Also one of the few areas in Iowa where mineral rights are seperate from land.

So I'm expecting a giant oil/gas discovery someday for Iowa.

1980s... memory is failing

https://apnews.com/6cf93791f16dc04d13fe33301afaa27d

[brimic]

In the 1970s Amoco drilled a deep oil exploration hole in Iowa near the midcontinental rift. Rumor is they found something, but they pulled out asap. Also one of the few areas in Iowa where mineral rights are seperate from land.

So I'm expecting a giant oil/gas discovery someday for Iowa.

That's what she said.

[brimic]

Our society will be long wrecked by poor monetary policy and the wars that it causes  before we run out of petroleum.

[Ron]

We’re going to need as much of the fossil fuel as we can find to make it through the next mini ice age 

[makattak]

We’re going to need as much of the fossil fuel as we can find to make it through the next mini ice age 

Thankfully, we still have LOTS of coal.

[WLJ]

Thankfully, we still have LOTS of coal.

But all the coal miners learned to code.

[Sideways_8]

Meh. We're still limited on how much we can refine. Bringing it up usually isn't the problem.

[Firethorn]

I suspect that at some point in the future, we will indeed run out of petroleum oil and natural gas on the Earth, since a new supply is not being made by geological processes.  Will we run out of reserves that are economically and technologically feasible to extract is the question.

Actually, new supplies are being made, just not anywhere near consumption.

You are correct that the latter is the real question. If we can make bio-gasoline at, say, $10/gallon, when oil reaches a point where making gasoline with it would be $10.01/gallon, we would switch to bio-gasoline and dino-gas would no longer be a thing.

Resource reserve statements always come with a price tag attached and a assumption of no further technological development.  Increase the price, increase reserves.  Improve technology to make extraction cheaper, increase reserves.