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Author Topic: Rush: Huge Oil Deposit Discovered in Alaska  (Read 539 times)

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Offline mystery-ak

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Rush: Huge Oil Deposit Discovered in Alaska
« on: April 10, 2020, 08:14:53 pm »

Huge Oil Deposit Discovered in Alaska

Apr 10, 2020



RUSH: Looky here, folks, from the Associated Press: “Huge Alaska Deposit Discovered — Pantheon Resources PLC said it located the deposit…” (chuckles) Do you know where it is? It’s even better. It’s “along the Dalton Highway and Trans-Alaska Pipeline System corridor.” They found new oil right next to the Trans-Alaskan Pipeline the left tried to shut down.

“An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska’s North Slope region south of Prudhoe Bay,”

I mean, this is huge, “that could ultimately produce about 500 million barrels of oil with peak production nearing 90,000 barrels per day…” Can you say, “continued energy independence”? That’s also from the Good News Stack.
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Offline Smokin Joe

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Re: Rush: Huge Oil Deposit Discovered in Alaska
« Reply #1 on: April 11, 2020, 01:07:15 am »
No, I see this announcement as another depressing factor in a glutted market.
I mean, I'm glad they found it, congratulations for work well done.
But, for now, it doesn't help the market any.
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Offline Bigun

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Re: Rush: Huge Oil Deposit Discovered in Alaska
« Reply #2 on: April 11, 2020, 01:32:43 am »
Quote from: Smokin Joe on April 11, 2020, 01:07:15 am
No, I see this announcement as another depressing factor in a glutted market.
I mean, I'm glad they found it, congratulations for work well done.
But, for now, it doesn't help the market any.

None of that newly found oil is going to get to market anytime soon.
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Offline Smokin Joe

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Re: Rush: Huge Oil Deposit Discovered in Alaska
« Reply #3 on: April 11, 2020, 11:54:46 am »
Quote from: Bigun on April 11, 2020, 01:32:43 am
None of that newly found oil is going to get to market anytime soon.
True enough.
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
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