Most excellant news! Thanks for the recon - see you Thursday.

Is that oil rig out there new? I don't remember it being there last summer

8) The "Peach Pickers" are on the road thursday morning. 😆

I saw the oil rig from one of the satellite imaging sites this week. With the gusher of a well that was drilled last year near Grover a lot of small oil exploration companies are getting out there and punching holes in the ground.

Edward

264 are being drilled between the colorado border and
I-80 in wyoming.

They are just starting

The expansion of the drilling industry in Colorado seems incredible. Over the past few years the corridor along I-70 between Glenwood and Grand Junction (near where I live) has really picked up...it is a sight to see at night. I guess its better coming from Colorado than the Middle East

Not if you live near any of the wells. A good friend of mine has a ranch out near Rifle and their well and groundwater has essentially been destroyed. They had to put in a 2500 gallon cistern and truck in their water. What comes from the tap smells like diesel and feels oily. Their cattle don't have that benefit and he's beyond pissed off.

Of course the drilling company says it wasn't them. Such is fracking. Their neighbors all have the same problem.

Never good in my back yard!

Did your friend get compensated or own the mineral rights. A friend of a friend in North Dakota leased the mineral rights to an oil company. He's now set.

Edward

No mineral or subsurface rights. State board denied his claim. Pretty obvious what's happened since his water was pristine before the drilling began. While we need oil, its long past time that we moved on to something less environmentally destructive... or nuked a couple mid-east countries and took over. Come to think of it, I thought we were going to OWN Iraq when we were done and they were going to pay us back with oil revenues... such is life in the modern world.

Thorium based reactors 🙂

Edward

Tesla.........

Thorium based reactors 🙂

Edward

Oil is all in a global market. Whatever extra we pump means that Saudi Arabia pumps less. If it were up to me, I would halt all American oil exploration and wait for 20 or 30 years for the price of crude gets REALLY expensive before re-starting it. Our oil production peaked in 1970, when we were about halfway through our reserves. We're still the 3rd largest producer, behind Russia and Saudi Arabia, but our proven oil reserves are 14th in the world, only 1.37% of the total.

I'm with you Adrian.

A former club member (name deleted) used to work for an oil company in Wyoming... For the last 10 years they have been drilling wells in Wyoming and capping them as soon as they are confirmed to produce. The general consensus among employees is that they are waiting for the price to go up before they start pumping.