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Hopefully your gas prices are staying steady or going down. Wednesday gas averaged about $3.54, yesterday gas jumped to $3.79. That's B******T
 
This Could Be The Oil Play Of The Century


Every now and again, an opportunity comes along that turns unsuspecting, normal people into overnight millionaires.
Covering an area of over 1 million acres, the Cline Shale could be the largest North American oil play of all time, with the potential to pull 30 billion barrels of oil out of the ground.

For perspective, the Bakken Shale in North Dakota and Montana and the Eagle Ford in South Texas are estimated to contain 4.3 billion and 3 billion barrels of oil, respectively. The Cline is bigger than both combined -- several times over.

http://finance.yahoo.com/news/could-oil-play-century-001214633.html



clineshalealliance.com_.jpg


Insight: The Cline Shale


Is there life after Eagle Ford and Bakken? If the analysts at Barclays and other forecast firms are right, then 2014 may be the year for explosive growth, and it won’t just be coming from the two major plays.
In a Wall Street Journal article[SUP]1[/SUP], analysts at Barclays believe that we are entering “a prolific period of activity in the U.S. land basins. The key takeaway is that spending in the U.S. oil plays is poised to increase significantly in 2014.”
The area for most growth, according to them, will be Texas’ Permian Basin. One area in particular seems to be getting the most attention: the Cline Shale, located on the eastern shelf. If current projections are right, the Cline may eventually dwarf the Eagle Ford and the Bakken in North Dakota.
Here are the facts: The Cline Shale covers approximately 1.6 million acres in the Permian Basin, at a depth of 9,000 to 11,000 feet. Like many shale formations, it is not very thick, with the narrowest area at 200 feet and the thickest at 550 feet (the equivalent of ten Eagle Ford formations stacked together). To the south, it underlies the Wolf Camp play. The oil produced from the Cline falls between 38 to 42 degrees in API gravity, making it of the light sweet variety, much like Eagle Ford crude.
 
If they are talking "Fracking" it might not happen. They haven't proven it yet (I think they will) but it appears that "fracking" causes earthquakes. They are doing this kind of oil recovery here in Ohio and an area around Youngstown has had more minor earthquakes in a year than they have had in a century. Plus all the environmental issues. I think it was here in Ohio that a guy is going to jail for dumping waste water from "fracking" into a local river. Just saying.
 
nasa1974 said:
If they are talking "Fracking" it might not happen. They haven't proven it yet (I think they will) but it appears that "fracking" causes earthquakes. They are doing this kind of oil recovery here in Ohio and an area around Youngstown has had more minor earthquakes in a year than they have had in a century. Plus all the environmental issues. I think it was here in Ohio that a guy is going to jail for dumping waste water from "fracking" into a local river. Just saying.
Click to expand...
Can't stop fracking just because one company violates the EPA laws...That would be like banning cars because of drunk driving...And Fracking is NOT the cause of Earthquakes...Earth's natural tectonic crust movement causes Earthquakes....Everything else is coincidences...just saying.
 
If fracking causes earthquakes that's GOOD! The small quakes that are claimed to be caused by fracking only relieve the pressure and may prevent large quakes in the future. So THERE!!!!!!!;)
 
April 22, 2014, 10:23 a.m. EDT

[h=1]Oil futures drop under $103 amid expiration volatility[/h]
By Myra P. Saefong and William L. Watts, MarketWatch
SAN FRANCISCO (MarketWatch) — Oil futures dropped from a seven-week high on Tuesday to trade below $103 a barrel, pressured by expectations for a rise in weekly U.S. crude inventories, with the expiration of the May contracts at the session’s close contributing to market volatility.

Oil futures drop under $103 amid expiration volatility - Futures Movers - MarketWatch
 
EIA Petroleum Status Report
Economic Calendar - Bloomberg
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 4/23/2014 10:30:00 AM For wk4/18, 2014[/TD]

[TD="class: actual_consensus_box_numbers"]10.0 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 3.5 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-0.2 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -0.3 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-1.3 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.6 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]
 
Went to Best Buy yesterday morning to work my 4 hour shift and gas was between $3.73 and $3.59 a gallon. On the way home gas jumped to $3.85. Driving to and from trivia last night some places still had gas around $3.59/gallon with $3.85/gallon right across the street and people were pumping gas at $3.85. I wonder what it will look like this morning?
 
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