The U.S. Geological Survey recently discovered the largest continuous oil and gas deposit ever found in the United States, officials said Tuesday.” What an utter crock of crap. The USGS does not “discover” anything. They do not drill. They do not do seismic, nor much of anything else other than accumulate data from the oil companies and their… Read More »
Ten years after, we still suffer from the consequences. So was Barney a liar, or just that stupid? Barney Frank – No problem 2.2.2005 my comments months before above, from Realty Times Warns appraiser Terrel Shields, “… The financial day of reckoning will come. When it does it will be like the early 80’s when Realtor after Realtor… Read More »
Today we are bombarded with scientific nonsense. Daniel B. Botkin, ecologist and author as well as professor emeritus has shredded the global warming crowd and they hate it. But he lays out compelling evidence that climate myths are destroying the environment. Further, he has sound science behind him. In judging the moral philosophy – some call it “ecosophy”… Read More »
I was visiting with a friend recently and we were talking about the “good old days” which we recalled to not always be so good. But I ventured that without electricity, we would be back to the old days overnight. How would we survive? I still have a barn with milk stanchions. I still have an old work… Read More »
Politicians are goobers and have no scientific knowledge but they understand the benefit of taxing carbon for profit This is what the British courts thought of the “science” He stated: “It is built around the charismatic presence of the ex-vice president Al Gore, whose crusade is to persuade the world of the dangers of climate change caused by… Read More »
It seems that there isn’t much in the way of a legislative fix for mineral owners to make oil and gas companies “honest”. We continue to hear of people who are getting zero dollars royalty for small and older wells. OK. Why? Isn’t that a definition of not economic? And, if not economic, the well(s) should revert back… Read More »
The Bakken pipeline is being delayed by government red tape and a 21st Century Indian uprising. The issue is beyond ludicrous. No pipeline in America is built without a phalanx of archaeologists combing every square inch of the right of way. In fact, it is required by law. Along with botanists, environmentalists, and biologists, the archaeologist is hired… Read More »
Depletion allowance is an oft misunderstood tax deduction that accrues not only to oil companies but to the individual royalty owner. Did you know it applies to timber and other minerals as well? It is, in fact, virtually the only deduction that the mineral owner has. Sadly, it is mischaracterized as a “tax loophole” for the rich oil… Read More »
$50 is not the new $100/bbl. The pundits are claiming that costs are now so low that if the price of oil gets above $60, drilling in the shales will resume and drive prices back down. I don’t think so. First many drillers and rigs are down for the count as when they reach bottom, they have more… Read More »
As a budding geologist, I worked a “driller’s graveyard”. Today we call it Fayetteville Shale. It was the eastern part of the Arkoma Basin and adjacent Mississippian Embayment or Reelfoot Rift. The Fayetteville plunges deeper into the basin, filling a pre-Mississippian trench created and becoming a far different formation. To date no one has found significant amounts of… Read More »