Peak Oil Postponed Again: “USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever”… And it’s in the Permian Basin

by David Middleton, December 7, 2018 in WUWT


The “amazing” thing is that this isn’t a “new” oil discovery.  It’s just a realization that a lot more oil and gas can be produced from these formations than was previously imagined.

The Permian Basin a nearly infinite resource.  It seems as if there will always be more hydrocarbons to squeeze out of its numerous oil & gas reservoirs.  From a Warmunist perspective the Bone Spring and Wolfcamp are much worse than previously thought…