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Via The Hill:
President Obama has rescinded a proposal to allow new oil and natural gas drilling in the Arctic Ocean as part of a five-year plan for leasing released on Friday.
Obama’s move takes drilling rights sales off the table through 2022.
The Interior Department had previously proposed limited drilling rights sales to the Beaufort and Chukchi seas north of Alaska, where there has never been oil and natural gas production from traditional mobile drilling rigs.
But officials, citing environmental concerns and low industry interest, rescinded that proposal on Friday in releasing the new plan.
The decision all but bans Arctic drilling for that time period, since oil companies have let almost all of their leases in the Arctic expire or have surrendered them.
A few years back I read that Nevada, a leading gold-producing state, may be producing more all the time. I don't remember the specifics, but the theory was that what was happening underground was creating gold.
Not sure I believe it, but if it is true, I wonder if the same can be said for petroleum?
So---- there should be lots of oil in Washington DC by now.I don't see alchemy happening. Gold probably is continually being deposited places in cooling flows of magma.
Oil is a renewable resource. It is just decayed carbon life-forms. the question is how quickly does that process occur and how much decayed stuff does it take. I don't think we'll have more oil by next week.
A few years back I read that Nevada, a leading gold-producing state, may be producing more all the time. I don't remember the specifics, but the theory was that what was happening underground was creating gold.
Not sure I believe it, but if it is true, I wonder if the same can be said for petroleum?
The only place gold gets created is in the core of a star going supernova, that's it.
All the gold that will ever be part of Earth is already here or will be riding another object that crashes into Earth.
You can make it in a supercolider but that is pretty pricey on a per atom basis.
Fine, nuclear fusion is the only thing that creates gold.![]()
Alchemy is pretty interesting.
They knew what an element was and they understood that lead was distinct from gold but awfully damned close. They had no idea how close, yet how far.
I laughed out loud at that.
What a moron.
Your own link says the oil has been sitting there "known" for years. THE DONALD didn't do shit. And, as the article also says, neither he nor anyone else is going to do much about getting it out as long as oil is selling below $60 a barrel.
Anything else?
meanwhile THE NIGGER
Obama Backs Off Proposal To Allow More Off-Shore Drilling In Arctic…
not that ColClinton Hogan will get it
BUT THIS IS THE ANSWER to his EXTREMIST HATE FILLED RANT/POST
ColClinton Hogan, I LIKE THAT!![]()