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posted by on Sunday March 12 2017, @05:02PM   Printer-friendly
from the drill-baby-drill dept.

From CNN:

The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.

The new discovery was made in just the past few days in Alaska's North Slope, which was previously viewed as an aging oil basin.

[...] "The interesting thing about this discovery is the North Slope was previously thought to be on its last legs. But this is a significant emerging find," Repsol spokesman Kristian Rix told CNNMoney.

Of course, this news won't ease rising concern among investors about the stubborn glut of oil in the U.S. There are increasing signs that shale oil producers are preparing to ramp up output after surviving a two-year price war with OPEC.

It's a gift from $DEITY! Who needs renewable energy when we just keep finding oil! Right?


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  • (Score: 2) by bob_super on Monday March 13 2017, @09:15PM

    by bob_super (1357) on Monday March 13 2017, @09:15PM (#478638)

    > Uranium plays NO ROLE in meltdowns like Fukushima because Uranium chain reaction is completely stopped at that point.

    Incorrect.
    Inserting the rods triggers the exponential decay of the chain reaction.
    Your traditional 2-3GW (thermal) reactor will still need over 5MW of cooling three weeks after a scram event.
    Not extracting the heat leads to meltdown.

    https://mitnse.wordpress.com/2011/03/16/what-is-decay-heat/ [wordpress.com]

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