Shale Boom in Texas Could Increase U.S. Oil Output

[Janice]

Shale Boom in Texas Could Increase U.S. Oil Output

CATARINA, Tex. — Until last year, the 17-mile stretch of road between this forsaken South Texas village and the county seat of Carrizo Springs was a patchwork of derelict gasoline stations and rusting warehouses.

Now the region is in the hottest new oil play in the country, with giant oil terminals and sprawling RV parks replacing fields of mesquite. More than a dozen companies plan to drill up to 3,000 wells around here in the next 12 months.

The Texas field, known as the Eagle Ford, is just one of about 20 new onshore oil fields that advocates say could collectively increase the nation’s oil output by 25 percent within a decade — without the dangers of drilling in the deep waters of the Gulf of Mexico or the delicate coastal areas off Alaska. >>>

“It’s the one thing we have seen in our adult lives that could take us away from imported oil,” said Aubrey McClendon, chief executive of Chesapeake Energy, one of the most aggressive drillers. “What if we have found three of the world’s biggest oil fields in the last three years right here in the U.S.? How transformative could that be for the U.S. economy?”

The oil rush is already transforming this impoverished area of Texas near the Mexican border, doubling real estate values in the last year and filling restaurants and hotels.

The statement the left likes to use: "The United States currently uses 25% of the world oil production but has only 2% of world reserves" connotes we either increase our production to 25% of the world production or reduce our economy to 2% of the world economy. I think I know which one the Community Marxist, the Rats and the liberal GOP Repukes desire.

[I_B_Perky]

I saw that on drudge. Wanna bet the environmental nazis will find some odd salamander that lives there and sue to stop production?

[BlueStateSaint]

I saw that on drudge. Wanna bet the environmental nazis will find some odd salamander that lives there and sue to stop production?

You mean like that damned lizard and the West Texas oil fields?

[Gina]

Black gold, Texas T.........

[Lacarnut]

You mean like that damned lizard and the West Texas oil fields?

No doubt about it. The jackass in office wants $8 a gallon oil to prop up sales of grennie cars. That is the plan.

[docstew]

No doubt about it. The jackass in office wants $8 a gallon oil to prop up sales of grennie cars. That is the plan.

Which is another reason his hand-picked GM CEO is pushing for a gas tax increase

[Bodadh]

No doubt about it. The jackass in office wants $8 a gallon oil to prop up sales of grennie cars. That is the plan.

On my last trip to New Zealand in May they were paying about $6.26 a gallon USD. I had to covert from liters and NZD there but it is close enough. The NZ gov had just bought all the Shell stations there and were re naming them Z ( pronounced Zed). Slowly every one realized that it was not going to lower their gas prices. It is just more revenue for the Beehive. Put $50 in my ( EX!) girl friend's little Peugeot. It didn't last a week and we didn't even drive very far.

[Lacarnut]

I betcha this huge oil find just drives these dummiecrap environmental loons on the left into a state of crazed hysteria. Don't you know that oil and the profits from it are evil.