New Oil Discovery

Now we’re talking. Let’s see Obama take credit for this, since he can’t block it.

Largest Oil and Gas Reserves Ever Assessed Found in West Texas

Breitbart — by Merrill Hope  —  Dec 7, 2018

The U.S. Department of the Interior announced Thursday the Permian Basin’s Wolfcamp shale and Bone Spring formation spanning parts of West Texas and eastern New Mexico hold the largest potential oil and gas resources ever discovered. Federal surveyors note the Bone Spring plays could offer roughly seven times the amount of oil as the Bakken shale in North Dakota.

In a new assessment, the U.S. Geological Survey (USGS) estimated these untapped regions in the Delaware Basin of the Permian contained 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, more than two times larger than its 2016 assessment of the Wolfcamp shale play in the Permian’s Midland Basin.

“Christmas came a few weeks early this year,” said U.S. Secretary of the Interior Ryan Zinke in a prepared statement. “American strength flows from American energy, and as it turns out, we have a lot of American energy.” Zinke added, “Before this assessment came down, I was bullish on oil and gas production in the United States. …../

More: https://www.breitbart.com/border/2018/12/07/largest-oil-and-gas-reserves-ever-assessed-found-in-west-texas/

If liberals cannot find grounds to condemn the news, then they’ll go out of their way to ignore it. But they won’t be happy because these days all that excites them is doom.

Yet they wonder why we need pipelines and infrastructure development for it. Or they will be back to talking about taking over and socializing oil companies.

I figure the next thing is if Dems can’t find ways to block any good news, or turn it rotten, they’ll try to tax it somehow. It could be called the “good news tax”. I wouldn’t doubt it.