
Piney Woods; Circ. 1932
From the Texas Archives On the Moving Image; Sloane collection. Click to view, appx. 6 minutes, no sound. No information about the film,...
Lots of Americans, dare I say most Americans, have fallen for the tight oil abundance lie; hook, line and sinker. They will ignore the fact that the US has only 4% of the worlds proven oil reserves, that the US may be the top producer of oil (at the moment!), it is only No. 10 on the proven reserve worldwide ranking list, but it's still balls to the wall, Drill Baby Drill, the rest of the world needs America's oil.
Indeed, they are right: moar oil production from the US will all be in the form of tight oil, all from Texas, and ALL of that will have to be exported. We can't refine anymore tight oil in the US. Moar production, moar exports.
Is this a good plan for our nation's long term hydrocarbon security, do you think?
"After one of the tightest gas markets of the last decade in 2022, the stage is set for one of the most oversupplied markets we’ve seen in years. But the bulls out there can take solace: 2023 will also mark the final throes of the kind of oversupply conditions that defined the Shale Era as we know it." RBN
From
The History of Oil Well Firefighting & Blowout Control
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