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#2415723 - 06/12/11 04:10 PM Now THIS is some good news.
Happy Birthday Wildcat
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Registered: 06/10/00
Posts: 39106
Loc: Western Ky.

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It's real, it's happening and it's free enterprise, not a bunch of hot air coming from some politician. While in itself it will NOT solve all the problems it will help in both jobs and long range fuel prices. NO it will not bring the prices down overnight but the oil coming in will be added to the market.

http://news.yahoo.com/s/ap/20110612/ap_on_re_us/us_gas_drilling_boom_towns
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#2415754 - 06/12/11 05:12 PM Re: Now THIS is some good news. [Re: Wildcat]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 16993
Loc: Knoxville-Dover-Union City, TN

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Yes, that is very good news to people who believe in the free enterprise system.

But it may be viewed as "bad" news for the Obama administration. They'll probably find some way to get the EPA to ban the fracking in Texas. Probably some little lizard or ant down there somewhere that might get stepped on with all this new activity.

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#2415770 - 06/12/11 06:00 PM Re: Now THIS is some good news. [Re: Wes Parrish]
utfan1
10 Point


Registered: 12/31/06
Posts: 3598
Loc: cleveland,tn

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great news.
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#2415993 - 06/13/11 05:28 AM Re: Now THIS is some good news. [Re: utfan1]
Snake
16 Point


Registered: 05/03/09
Posts: 15502
Loc: McMinn Co.Tennessee U.S.

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No matter the storm , when you are with God , there's always a rainbow waiting .

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#2416203 - 06/13/11 10:48 AM Re: Now THIS is some good news. [Re: Wildcat]
sgtwebb1
14 Point


Registered: 08/06/00
Posts: 8448
Loc: Ooltewah/Harrison TN, USA

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I'm glad that this is happening all over the country, but this statement from the article bothers me;

"....Major industry players have joined the Eagle Ford project, including Anadarko, Range Resources and Shell. Chesapeake Energy of Oklahoma City signed a multi-billion dollar deal with the Chinese state-owned oil company to raise cash to drill in the shale."

The Chinese State-owned oil company?

So are they going to collect the oil themselves or collect on the sale??

My problem is that the US Gov't is so freaking backwards right now they won't allow off shore drilling, and won't openly sponsor new drilling in the continental US or Alaska, but they'll allow the Chinese to sponsor it??


Personally, I wish the US would drill everywhere we know there's oil, ramp up domestic and offshsore exploration, and explore the possibility of conversion to natural gas for vehicles.
We know there is massive, massive deposits of natgas. It burns cleaner and more effectively as well.
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