Massive Oil Discovery Made in Alaska – IOTW Report

Massive Oil Discovery Made in Alaska

Sunday, 12 March 2017, 22:00 MJA Uncategorized 40

American Lookout: A massive oil discovery has been made in Alaska this last week which is considered to be the largest onshore find in 30 years according to CNN Money.

CNN Money reported: “The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.

The new discovery was made in just the past few days in Alaska’s North Slope, which was previously viewed as an aging oil basin.

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40 Comments on Massive Oil Discovery Made in Alaska

  3. Anyone who thinks that oil comes from dead dinosaurs is clueless. It comes from the Earth’s mantel. There’s no way we could have as much as we do from dead plant and animal life alone, and certainly not as deep into the Earth as some wells are. Seriously, how would dinosaur carcasses make it a mile down? There may be surface strata over time, but not that goddamn much.

  5. This is definitely good news for several reasons. One aspect of this that can’t be overlooked is the fact that the Alaska Pipeline has to have a couple hundred thousand barrels a day (I don’t know the exact number) in order to operate economically. When they get to a point where they have to shut it down, the operators of the pipeline are obligated to dismantle the pipeline and bring the land back to its original condition. If that happens it will end oil development on the North Slope and really be a missed opportunity to take advantage of a huge natural resource. The fact that we have not been able to develope the potential of ANWR is a big time mistake. I sure hope the Trump Administration is able to consider opening that up.

  8. A discovery of this magnitude will certainly reduce U.S. dependence on foreign oil even further.

    ya gotta love it

    @BB and ΜΟΛΩΝ ΛΑΒΕ . . . Sinclair gas still have the dinosaur as a logo?

  10. on the other hand … this is great news … releasing the US from the grip of the towel-headed camel-jockeys is a massive step in the right direction
    bend over & suck sand moon-god worshippers

  11. In spite of some popular misconceptions, oil doesn’t come from dead dinosaurs. In fact, most scientists agree that oil comes from creatures the size of a pinhead. These one-celled creatures, known as diatoms, aren’t really plants, but share one very important characteristic with them – they take light from the sun and convert it into energy. (Humans can’t do this – this is why you have to eat your veggies!)
    Diatoms float in the top few meters of the oceans (and lakes, for that matter – which is part of the reason why not ALL oil comes from ocean deposits!) and also happen to be a major source of food for many forms of ocean swimmers. Their skeletons are chemically very similar to sand – in fact, they are made of the same material (silica). Diatoms produce a kind of oil by themselves – both to store chemical energy from photosynthesis and to increase their ability to float. But this small amount of oil still needs to become concentrated and mature before it can be taken from the ground and used as fuel.

  19. ΜΟΛΩΝ ΛΑΒΕ , yup. Up until 3 years ago, there was a chain of Sinclair gas in my area. Cant recall if they are still there, but i didnt see a dinosaur logo

  21. Brad, I somewhat agree with you on that, but you can’t minimize the value and uniqueness of the TransAlaska Pipeline. 800 miles long, through some of the most extraordinary country you can imagine, and when it gets dismantled someday I don’t see another one coming anytime soon after. We need to keep filling it up. Here is an interesting bit of trivia. When they first put oil in the line it went from being a cold empty pipeline to a warm full pipeline, and as a result the expanded by an estimated 8 miles.

  22. Lazlo see a Sinclair logo now and then in Arizona
    I say tap that big pool just enough to have the infrastructure on hand in case we need it, and stabilize our oil prices.
    One thing I see coming with Perry at the Energy Dept. and a new EPA head is getting rid of these ‘summer, and winter’ blends of gasoline and not tying up refinery and storage space, bending over for those knob jobs in the old EPA.

  24. This is not “massive”. They are saying 120,000 bb per day. The US produces 9 million a day but consumes nearly 20mm as I recall from the DOE website. US production peaked at about 9mm more or less in 1979 and dropped to under 2mm in the late 80’s or early 90’s. The Permian basin is expected to add about 900,000 to 1.5mm barrals a day to the current 8mm per day plus from this year through next.
    This is really just the oil business as usual. Not a huge discovery Nothing to see here.

  27. jpm, you are exactly right. Compared to Prudhoe Bay these are considered satellite fields. You have to find a lot of them to keep the pipeline economical. Which brings us back to ANWR, and the potential that it has to be a giant oilfield. I’ve spent quite a few years in the oilfield up there and there have been wells drilled close to ANWR that really cause a lot of optimism for what ANWR could hold. i hope to see us drill there.

  28. “Who needs oil, I take the bus.”

    Ignorance abounds. Like the license plate frame I saw several months ago on a Tesla, “laughing at oil.”

    Hello MORON! A bus runs on petroleum or natural gas, a teslaturd uses oil from the plastics to the lubrication.

    Libs are fun to play with for a while, then you just want to smash them into pieces and play with educational toys instead of the toys of ignorance.

  29. In July the best I can tell our stored oil reserves where at 98%. The Dakotas have stopped drilling. No money per gallon. If they drill they totally kill that industry. I’d say they should leave it in the ground, but they will anyway. No Net. We should save it for when the shit hits the fan.

  32. @joe6pack – I spent 5 years working outdoors in the Arctic winters.

    It’s nice to see/meet somebody else that’s been there and knows whats up.

    I was working with petrophyisicist the day the pipeline first went on decline. It was pushing over 2 milllion barrels a day.

    Oh….i found out what the word ‘cold’ truly meant.

  35. .45-70, on the day oil first flowed thru the pipeline I was on a junk pile rig drilling Pt. Thompson #1. Those were great days to be in Alaska. Coldest I saw up there was -76F actual temp.

  37. I bet this new ‘discovery’ didn’t want to be heard of
    while puny boy and his giant tranny were stinking up the WH.

    It’ll be both strange and wonderful to come back from Insultingly Bogus World.

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