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  1. #1
    Member
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    Feb 2007
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    anybody remember the price of crude in 1986 ??

    check the right side of the paper.....

  2. Member
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    Jul 2004
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    Owensboro KY
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    #2

    Re: anybody remember the price of crude in 1986 ?? (bassman502)

    Did you realize that your own state has a rich history in oil?

    [Kentucky Oil History Home] [Pre-Drake] [1860 to 1900] [After 1900]

    1901: January 10, 1901. A well drilled by Al and Curt Hamill for Capt. Anthony F. Lucas blew out on Spindletop Hill near Beaumont, southeast Texas. A 6-inch spray of oil rose 200 feet over the derrick. Oil production in Texas went from under 1 million barrels a year to 17.4 million barrels in 1903 and John D. Rockefeller lost the monopoly on oil. (Spindletop-Gladys City Boomtown Museum)
    1901, Kentucky: Discovery of the Menifee Gas Field (Ragland Sand).
    1902, Kentucky: The Cumberland Pipe Line Company extends a line from Somerset, Pulaski County, Kentucky to Salt Lick Bend, Cumberland County. For a while, the high gravity oil transported by the line was known as "Somerset Grade" and was held as a high standard in the Appalachian Basin. By 1905, after the discovery of the Spindletop field in Texas, the price of oil was so depressed that the line was taken up.
    1903, Kentucky: Discovery of the Campton Field, Wolfe County and the Busseyville and Fallsburg pools, Lawrence County.
    1903, Kentucky: A small amount of oil production was first secured by rank wild catters near Irvine in Estill County. The extreme shallowness of the oil horizon or 'pay' here, however, caused this small Corniferous pool to be soon drilled up and exhausted.
    1905, Kentucky: Discovery of the Furnace Field, Estill County. Oil and gas production in this area was first noted in 1852, but was not exploited.
    1919, Kentucky: The Ross Creek pool was the most active pool in eastern Kentucky.
    Wooden "cable-tool" drilling rigs powered by steam engines were common in early drilling in Ohio County.
    Big Sinking is one of Kentucky's largest oil fields.

    http://www.uky.edu/KGS/emsweb/history/modern.htm

    As you can see in this article they estimate there is still plenty of oil to be had here in the good ole USA if the tree huggers would let us get it. Do a search in Frankfurt on the number of applications to uncap old wells in your state alone. LOTS of fellow KY folks shut em down back when it was in that 10.00 BBL range. Now it's worth the effort to try and open them back up.

    http://oilsandstruth.org/oil-e...er-48



  3. Member
    Join Date
    Mar 2008
    Location
    Hopkinsville
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    180
    #3

    Re: anybody remember the price of crude in 1986 ?? (JohnM)

    If diesel and gas keep going up some of us will have to be pairing up with people to fish to afford the fuel bill.

    I am all for them growing our fuel as well. I would love to have a Biodiesel pump here in Hopkinsville.

    Wishful thinking though. As long as the oil companies continue to make the sort of profits they have been making....we will never see cheap fuel again.
    1994 Procraft X200DC
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  4. Member
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    Feb 2007
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    Shepherdsville
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    #4

    Re: anybody remember the price of crude in 1986 ?? (JohnM)

    <TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JohnM &raquo;</TD></TR><TR><TD CLASS="quote">if the tree huggers would let us get it
    </TD></TR></TABLE> If by tree huggers you mean government..I agree...I have family in the state with wells on their property..I know the history...the point is back in the 80's when fuel started jumping the us government just made the threat of uncapping some of the wells in the south and the crude prices dropped over 20 bucks a barrel...where's that threat now??

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