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Domestic Oil Production Double what it was in 2005

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Anonymous

Guest
Where the U.S. gets its domestic oil and gas, in two maps

By Reid Wilson September 24 

The crude oil boom in the western United States has changed the way states do business. North Dakota is growing so rapidly that the legislature is considering returning to special session to make big investments in new infrastructure. Wyoming now receives more than half its tax dollars from oil and gas companies paying to extract fuel. And big parts of Colorado, California, Texas, Oklahoma and a handful of other states increasingly rely on the energy industry for jobs.

Domestic production peaked in 1986, at 283 million barrels per month, according to the Energy Information Administration. In September 2005, domestic production hit a nadir of just 126 million barrels a month. In the last decade, technological advances, including the increasing production from hydraulic fracturing, has reversed that 20-year decline in crude oil production.

Today, production is back up to 256 million barrels a month, according to the latest EIA figures.

And states are making big bucks because of the increased production through what’s known as severance taxes. In the third quarter of 2005, states took in $1.7 billion in severance taxes, a little more than 1 percent of the total tax revenue received that quarter. In the second quarter of this year, states took in $5.2 billion in severance taxes, about 2 percent of the $259 billion total revenue generated during that three-month stretch.

Here’s where all that domestic crude oil comes from, thanks to our friends at Metric Maps:
http://www.washingtonpost.com/blogs/govbeat/wp/2014/09/24/where-the-u-s-gets-its-domestic-oil-and-gas-in-two-maps/
 

loomixguy

Well-known member
Production doesn't much matter if they can't get it to the refinery safely and responsibly. OT's Great Pretender is still holding up the XL Pipeline, which is doing nothing for anybody but Warren Buffet.
 

Mike

Well-known member
Montana's production is about the same or less....................


http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPMT2&f=A
 
A

Anonymous

Guest
loomixguy said:
Production doesn't much matter if they can't get it to the refinery safely and responsibly. OT's Great Pretender is still holding up the XL Pipeline, which is doing nothing for anybody but Warren Buffet.


Thousands attend anti-pipeline concert in Nebraska


September 28, 2014 05:47 PM EST | AP

NELIGH, Neb. (AP) — Roughly 8,000 people filled a northeast Nebraska farm Saturday to hear Willie Nelson and Neil Young perform at a concert organized by opponents of the proposed Keystone XL pipeline.

The Lincoln Journal Star reports (http://bit.ly/1mDA77w ) politicians and activists spoke to the crowd on Art and Helen Tanderup's farm about the pipeline project between performances.

Young said before the concert that he thinks it's important for America to use more renewable energy, and he supports people who are trying to offer solutions.

"Stand up and be creative and have ingenuity and come up with solutions so we're not just complaining about problems, we're solving them," Young said. "That is what America needs to do."

The proposed TransCanada Keystone XL pipeline needs presidential approval to proceed because it crosses the U.S.-Canada border. But that decision remains on hold while Nebraska's Supreme Court considers whether the 2012 law used to approve the Keystone XL's path across the state is valid.

Pipeline critics worry it could contribute to pollution and contaminate groundwater if there is a leak.

http://www.huffingtonpost.com/huff-wires/20140928/ne-anti-oil-pipeline-concert/

It appears the Nebraska NIMBY's still have the route held up in court... The last I heard the Nebraska SCOTUS may not issue a decision until 2015...

Cowcandyman- were you there a beating your feet to the tunes of Willie and Neil :???:
 

hypocritexposer

Well-known member
Maybe with all the money the states are bringing in, they can buy up some public lands from the Feds.

Funny what can happen when the states are allowed to control their own resources, eh?
 

Brad S

Well-known member
This modern oil boom is occurring in spite of obamas best impediments, but it is largely masking the economic futility of his socialist intentions. For awhile, Obama honestly could say "drilling on federal lands is up" (not that Obama objects to lying), because of previously issued bush permits. Private lands drilling is carrying the day and Obama enjoys the economic benefit of something he opposes. I suspect he finds solace in the imposition of socialist tax rates on the hard working middle class.
 

Steve

Well-known member
well the only numbers that really matter are the prices at the pump,...

when Bush left office it was just under $1.90

under Obama it has been over well over $3.00 most of his time...
 

Mike

Well-known member
Steve said:
well the only numbers that really matter are the prices at the pump,...

when Bush left office it was just under $1.90

under Obama it has been over well over $3.00 most of his time...

Yep. And if high gas prices were Bush's fault way back when, then it's also assured that they're buckwheat's fault now.
 

Steve

Well-known member
Mike said:
Steve said:
well the only numbers that really matter are the prices at the pump,...

when Bush left office it was just under $1.90

under Obama it has been over well over $3.00 most of his time...

Yep. And if high gas prices were Bush's fault way back when, then it's also assured that they're buckwheat's fault now.

under Bush it was speculators.. they knew if the drove the price up,.. they would damage Bush's image as well as make a tidy profit...

now they are happy just raking it in be the train load.. (pun intended)
 

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