Peak oil. A liberal idea put forward by the sky is falling left not just debunked, it's been blown away, trashed, proved to be as stupid as the liberal philosophy that perpetrated it on the American people in an effort to garner more control of the populations.

"in a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath West Texas."

"Permian’s shale could hold as much as 75 billion barrels, making it second only to Saudi Arabia’s Ghawar field. Irving-based Pioneer has been increasing its production targets all year as drilling in the Wolfcamp produced bigger gushers than the company’s engineers and geologists forecast."

"ConocoPhillips, the world’s largest independent oil producer by market value, increased its estimate for the size of its Wolfcamp holdings on Nov. 10 to 1.8 billion barrels from 1 billion last year. A day earlier, Concho Resources CEO Timothy Leach told investors and analysts that two recent wells it drilled in the Wolfcamp were pumping an average of 2,000 barrels a day each."

"The Wolfcamp shale also holds 16 trillion cubic feet of natural gas and 1.6 billion barrels of gas liquids, the geological survey said in a statement on Tuesday."

The sky is falling, the sky is falling...