Author Topic: For Sale: Oilfield Set Aside for U.S. Navy 99 Years Ago  (Read 925 times)

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Offline Letsbereal

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For Sale: Oilfield Set Aside for U.S. Navy 99 Years Ago
« on: June 24, 2014, 09:19:21 am »
For Sale: Oilfield Set Aside for U.S. Navy 99 Years Ago
23 June 2014
, by Joe Carroll (Bloomberg)
http://www.bloomberg.com/news/print/2014-06-23/for-sale-oilfield-set-aside-for-u-s-navy-99-years-ago.html

The U.S. government wants to sell a naval petroleum reserve field first set aside by presidential decree 99 years ago to ensure fuel supplies for American warships.

The Energy Department is seeking bids for the Teapot Dome field north of Casper, Wyoming, by Sept. 30, according to an offering document published on the website of Meagher Energy Advisors Inc. today.

The field, which includes several layers of shale and oil wells more than 1 mile (1.6 kilometers) deep, currently produces about 240 barrels of crude a day.

The Teapot Dome field was designated a naval reserve in 1915.

The 9,481-acre parcel is the last such reserve still under control of the Energy Department, according to the offering document.

The field has several untapped layers of oil- and gas-soaked rocks that may be suitable for enhanced recovery techniques such as carbon-dioxide flooding, according to the offering.

A data room with technical details about the geology of the field is scheduled to open on July 30.

The U.S. began divesting naval petroleum reserves in 1998, when it sold the Elk Hills field near Bakersfield, California, to Occidental Petroleum Corp. (OXY) for $3.65 billion.
->>>|:-) THE CITY INDIANS (-:|<<<-

Online TahoeBlue

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Re: For Sale: Oilfield Set Aside for U.S. Navy 99 Years Ago
« Reply #1 on: June 24, 2014, 10:57:17 am »
sold to Occidental Petroleum Corp  - Gore -> Armand Hammer

http://en.wikipedia.org/wiki/Armand_Hammer
...
Armand Hammer (May 21, 1898[2] – December 10, 1990) was an American business manager and owner, most closely associated with Occidental Petroleum, a company he ran for decades, though he was known as well for his art collection, his philanthropy, and for his close ties to the Soviet Union.

Hammer's association with the Gore family[edit]

Occidental's coal interests were represented for many years by attorney and former U.S. Senator Albert Arnold Gore, Sr., among others. Gore, who had a longtime close friendship with Hammer, became the head of the subsidiary Island Creek Coal Company, upon his election loss in the Senate. Much of Occidental's coal and phosphate production was in Tennessee, the state Gore represented in the Senate, and Gore owned shares in the company. Former Vice President Albert Arnold Gore, Jr. received much criticism from environmentalists, when the shares passed to the estate after the death of Albert Gore Sr., and Albert Gore Jr. was a son and the executor of the estate.[26][27] Albert Gore Jr. did not exercise control over the shares, which were eventually sold when the estate closed.[28][29]

Hammer was very fond of Albert Gore Jr., and in 1984 under Hammer's guidance Gore Jr. sought Tennessee's senate office previously held by Howard Baker. Hammer supposedly promised Gore Sr. that he could make his son the president of the United States. It was under Hammer's encouragement and support that Gore Jr. sought the Democratic Party presidential nomination in 1988.[30][31]

albert a. gore jr  - the A stands for Armand ....

http://forum.prisonplanet.com/index.php?topic=149993.0
Al Gore is the heir to the Arm and Hammer Fortune [Shhhhhh don't tell anyone]
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Online TahoeBlue

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Re: For Sale: Oilfield Set Aside for U.S. Navy 99 Years Ago
« Reply #2 on: January 11, 2018, 11:37:28 am »
bump for gore ...
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5