The California Monterey fields have four times the reserves of Bakken:
Harold Hamm (billionaire owner of Continental oil) estimates the Bakken oil field will produce six times (24 billion barrels) the oil of the EIA estimate. Harold Hamm also believes that the San Joaquin Monterey California fields are the next big horizontal drilling play.
So much for “peak oil.” Of course, the problem is that we don’t yet seem to have reached peak stupidity in Sacramento (or among the California electorate).
Collectivism isn’t a new, or “progressive” idea — it’s the oldest one in the world. Liberty is what’s new, only a couple hundred years old, but the reactionary Left wants to take us back to the past.
And read the whole thing, though it’s long. It’s quite interesting.
Michael Belfiore went on a tour of the factory last week.
It’s Obama’s first big campaign lie.
I fearlessly predict it won’t be his last.
[Early afternoon update]
Well, here’s a partial explanation for the Keystone decision. It benefits Obama crony Warren Buffet.
…from Andrea Harris. Yes, just because Google opposes it doesn’t make it good.
An article on the Left’s obsession with making things more expensive.
Michael Belfiore has an interview with him on the subject of Stratolaunch.
Uncle Sam tells Americans how to get out of debt.
A graph that explains why the economy is stagnating. It’s because of flawed government policies that continue to pump air into a blown tire.
And I’m feeling a lot of schadenfreude.
Related: did social media usage drive Republicans more than Democrats? That seems counterintuitive but it may be so.