News

Energy & Environment

Feds Discover Largest Oil, Natural-Gas Reserve in History

Drill pipe is seen on a drilling site in the Permian Basin oil and natural gas production area near Wink, Texas, August 22, 2018. (Nick Oxford/REUTERS )

The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.”

“Christmas came a few weeks early this year,” Secretary of the Interior Ryan Zinke said of the new reserve, which is believed to have enough energy to fuel the U.S. for nearly seven years.

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

Most Popular

Culture

Jussie Smollett Jokes Declared Off-Limits

The Jussie Smollett story has been declared not fit for jokes. "It's a straight-up tragedy," declares the co-creator of a Comedy Central show, South Side, set in Chicago. Bashir Salahuddin, a former Jimmy Fallon writer, says “The whole situation is unfortunate. Particularly for the city, there’s bigger ... Read More
Film & TV

The Movies Take On Limbaugh, Levin, et al.

Oh, good, here’s the lefty British comic Steve Coogan to give us his take on American right-wing talk radio. Let’s all settle in for some deep insights. The comedy-drama is dismally titled Hot Air. No, seriously. That’s what they came up with. Coogan’s Lionel Macomb is introduced to us via his ... Read More
White House

Trump’s Ignorant Comments on Israel

Making the click-through worthwhile: figuring out what President Trump meant when he said Jews who vote for Democrats show “either a total lack of knowledge or great disloyalty”; examining the data on how American Jews actually feel about Israel; and why Democrats will always find a way or a reason to avert ... Read More