The US Geological Survey said Tuesday that it found what could be the largest deposit of untapped oil ever discovered in America. An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas' Permian Basin. Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion. US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale-drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago.
Outgoing US President Barack Obama launched the war on ‘fake news’ last week, complaining that it may have had an adverse effect on the presidential election. He claimed that social media hosts “much active misinformation” that “looks the same when you see it on a Facebook page or you turn on your television.”
There is speculation that fake news about presidential candidates may have played a considerable role in swaying the minds of voters who ultimately elected Republican Donald Trump. Facebook head Mark Zuckerberg initially dismissed the notion as “pretty crazy,” but this week Facebook and Google both said they would change their ad policies to prevent fake news websites from using their systems.
Former congressman Ron Paul revealed a list of “fake news” journalists he claims are responsible for “bogus wars” and lies about Hillary Clinton’s chances of winning the election. Journalists from CNN, the New York Times, and the Guardian are included.
“This list contains the culprits who told us that Iraq had weapons of mass destruction and lied us into multiple bogus wars,” according to a report on his website, Ron Paul Liberty Report. Paul claims the list is sourced and “holds a lot more water” than a list previously released by Melissa Zimdars, who is described on Paul’s website as “a leftist feminist professor.”