Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
BCM
User Panel

Arrow Left Previous Page
Page / 3
Posted: 10/27/2010 5:25:19 AM EDT









The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate.


The group estimates about 896 million barrels of such oil are in the reserve, about 90 percent less than a 2002 estimate of 10.6 billion barrels.







The new estimate is mainly due to the incorporation of new data from recent exploration drilling revealing gas occurrence rather than oil in much of the area, the geological survey said.














ETA: Full USGS Survey report ––> http://pubs.usgs.gov/fs/2010/3102/pdf/FS10-3102.pdf




If you guys are going to cry that this is a giant Obama conspiracy, read the above report and show me how its wrong.

 
Link Posted: 10/27/2010 5:25:59 AM EDT
[#1]
Fuckin Sarah Palin.
Link Posted: 10/27/2010 5:28:08 AM EDT
[#2]

Link Posted: 10/27/2010 5:29:06 AM EDT
[#3]
WTF?

This is not the kind of mistake that oil companies make.
Link Posted: 10/27/2010 5:31:00 AM EDT
[#4]
Quoted:
WTF?

This is not the kind of mistake that oil companies make.


No, it's not... but this, most recent discovery, is the kind of mistake administrations with agendas make.
Link Posted: 10/27/2010 5:31:30 AM EDT
[#5]
Who doesn't want drilling in ANWR?  There's your answer.
Link Posted: 10/27/2010 5:32:33 AM EDT
[#6]
Quoted:
Quoted:
WTF?

This is not the kind of mistake that oil companies make.


No, it's not... but this, most recent discovery, is the kind of mistake administrations with agendas make.



First thing I thought, too.

GR
Link Posted: 10/27/2010 5:32:55 AM EDT
[#7]
Quoted:
Quoted:
WTF?

This is not the kind of mistake that oil companies make.


No, it's not... but this, most recent discovery, is the kind of mistake administrations with agendas make.


Yep. After reading the article, that is the most logical conclusion.
Link Posted: 10/27/2010 5:33:30 AM EDT
[#8]
Quoted:
Quoted:
WTF?

This is not the kind of mistake that oil companies make.


No, it's not... but this, most recent discovery, is the kind of mistake administrations with agendas make.


Gee...ya think?

NOTHING this administration does surprises me anymore...they will resort to any tactic to bring down the U.S. as we know it...
Link Posted: 10/27/2010 5:34:39 AM EDT
[#9]



Quoted:



Quoted:

WTF?



This is not the kind of mistake that oil companies make.




No, it's not... but this, most recent discovery, is the kind of mistake administrations with agendas make.


DING!



 
Link Posted: 10/27/2010 5:35:08 AM EDT
[#10]
Link Posted: 10/27/2010 5:35:20 AM EDT
[#11]
Wiki on the director os the U.S.G.S. quoted in the story...

In July 2009, McNutt was announced as President Obama's nominee to be the next director of the United States Geological Survey and science adviser to the United States Secretary of the Interior.[14] The Senate unanimously approved her nomination on October 21.[15] She is the first woman director of USGS since its establishment in 1879.[14] Secretary Ken Salazar endorsed McNutt for the position.[14] In a television interview following Obama's announcement, McNutt said:

"Many other countries are far ahead of the U.S., in installing wind farms, installing solar panels, moving to alternate energies, and in preparing their populations for the decision-making necessary to cope with climate change."[16]


http://en.wikipedia.org/wiki/Marcia_McNutt
Link Posted: 10/27/2010 5:35:42 AM EDT
[#12]
ho hum ....

mark my words there will be a superpower showdown within most of this sites lifetime Africa is a likely meeting ground
Link Posted: 10/27/2010 5:35:57 AM EDT
[#13]
How exactly do they estimate something that is undiscovered, anyway?
Link Posted: 10/27/2010 5:37:58 AM EDT
[#14]
agrees with .gov agenda






same thing just happened with the oil reserves around the falkland islands.  BP sends a bunch of survey ships, comes back and says "no oil after all"







Bullshit.  Peak oil is a sham
Link Posted: 10/27/2010 5:39:16 AM EDT
[#15]



Quoted:


Fuckin Sarah Palin.


A clue, buy one.

 



The initial estimate of reserves done in 2002.




Sarah Palin governor Alaska 2006.  See where I'm going with this?
Link Posted: 10/27/2010 5:40:20 AM EDT
[#16]
Quoted:
How exactly do they estimate something that is undiscovered, anyway?


Venture a guess-

A. They know what is producing in the wells that border the region.  
B. The subsurface geology is probably very similar to the areas that are currently being worked.
C. Plug in a formula that says something like 4 out of 10 holes drilled produce "X", multiply that by the area of the suspected deposit = amount of oil in reserve.
Link Posted: 10/27/2010 5:50:59 AM EDT
[#17]
Quoted:
Quoted:
How exactly do they estimate something that is undiscovered, anyway?


Venture a guess-

A. They know what is producing in the wells that border the region.  
B. The subsurface geology is probably very similar to the areas that are currently being worked.
C. Plug in a formula that says something like 4 out of 10 holes drilled produce "X", multiply that by the area of the suspected deposit = amount of oil in reserve.


D.  Subtract every well that might kill a mouse, which would be 9 out of 10 in this case.
Link Posted: 10/27/2010 5:51:07 AM EDT
[#18]
Quoted:

Quoted:
Fuckin Sarah Palin.

A clue, buy one.  

The initial estimate of reserves done in 2002.

Sarah Palin governor Alaska 2006.  See where I'm going with this?


It was a joke sparky.  

Chill.

Link Posted: 10/27/2010 5:54:10 AM EDT
[#19]
The lack of any smilie, didn't trip my sarcasm meter, my bad.
Link Posted: 10/27/2010 5:57:48 AM EDT
[#20]
Quoted:
Quoted:
Quoted:
How exactly do they estimate something that is undiscovered, anyway?


Venture a guess-

A. They know what is producing in the wells that border the region.  
B. The subsurface geology is probably very similar to the areas that are currently being worked.
C. Plug in a formula that says something like 4 out of 10 holes drilled produce "X", multiply that by the area of the suspected deposit = amount of oil in reserve.


D.  Subtract every well that might kill a mouse, which would be 9 out of 10 in this case.


Hmm....you have a point.  

Out of curiosity does whale oil count as a "green" energy source?

Perhaps the real plan is to render the arctic wildlife for their body fat and leave the oil reserves alone?

Link Posted: 10/27/2010 6:03:11 AM EDT
[#21]





Quoted:





Quoted:




Quoted:


WTF?





This is not the kind of mistake that oil companies make.






No, it's not... but this, most recent discovery, is the kind of mistake administrations with agendas make.






Gee...ya think?





NOTHING this administration does surprises me anymore...they will resort to any tactic to bring down the U.S. as we know it...



So all this is a Obama conspiracy?.... Needs more tinfoil...

 






From the article...







"Recent activity in the NPRA, including 3-D seismic surveys, federal lease sales administered by the Bureau of Land Management and drilling of more than 30 exploration wells in the area provides geological information that is more indicative of gas than oil," the geological survey said.







Might be hard to fake all that....  Sounds like in 2002 they assumed it was all oil and now found out a lot of it is just natural gas...

 
Link Posted: 10/27/2010 6:07:48 AM EDT
[#22]
Quoted:
agrees with .gov agenda


same thing just happened with the oil reserves around the falkland islands.  BP sends a bunch of survey ships, comes back and says "no oil after all"


Bullshit.  Peak oil is a sham


They seem to keep finding more and more of it.  Just when the price gets higher they find some.  

Bp found more than they could handle and now chevron is setting up a big play in the gulf.
Link Posted: 10/27/2010 6:09:29 AM EDT
[#23]
USGS....hmmmm, who do they work for/who do they answer to?
HHHHHHHHHHHHHHHhhhhhhhhhhhhhhhhhhhmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm?
Link Posted: 10/27/2010 6:10:58 AM EDT
[#24]
EnvironMENTAList agenda.
Link Posted: 10/27/2010 6:12:17 AM EDT
[#25]



Quoted:


ho hum ....



mark my words there will be a superpower showdown within most of this sites lifetime Africa is a likely meeting ground


Why Africa?



 
Link Posted: 10/27/2010 6:13:28 AM EDT
[#26]
If they refuse to drill, I'm heading north with a shovel.
Link Posted: 10/27/2010 6:14:08 AM EDT
[#27]
I used to have a strong distrust of the Federal Government, now I believe absolutely nothing they tell me.  Hell.....I'm pretty sure they are out to get me.

Link Posted: 10/27/2010 6:14:32 AM EDT
[#28]



Quoted:




The new estimate is mainly due to the incorporation of new data interpretation from recent political appointees exploration drilling revealing gas occurrence rather than oil in much of the area, the geological survey said.








Fixed.



 
Link Posted: 10/27/2010 6:16:02 AM EDT
[#29]
Having it be natural gas is not a BAD thing per se, but when you make strategic military policy off the assumption that it was all oil.... that is when shit goes south.
Link Posted: 10/27/2010 6:17:11 AM EDT
[#30]
Quoted:
If they refuse to drill, I'm heading north with a shovel.


No shit.

If the land is so worthless, why not allow some private enterprise to explore up there to confirm once and for all. Or better yet, lease the mineral rights....free market and all...if there is nothing there, no one will do any damage to the sacred cows and they will take some money away from private businesses like they love to do. Win-Win.

Do it. Do it.
Link Posted: 10/27/2010 6:17:48 AM EDT
[#31]
Link Posted: 10/27/2010 6:18:20 AM EDT
[#32]
WTF is wrong with there being natural gas there!!??
Link Posted: 10/27/2010 6:19:50 AM EDT
[#33]



Quoted:


Fuckin Sarah Palin.


I would, but I heard that she is taken.

 
Link Posted: 10/27/2010 6:19:52 AM EDT
[#34]
All administrations have agendas. Perhaps the original estimate served one? Repugnicons're just as likely to lie to you as Demonrats are. Doom on both.

Link Posted: 10/27/2010 6:20:37 AM EDT
[#35]
We have never been at war with EastAsia
Link Posted: 10/27/2010 6:21:06 AM EDT
[#36]
Quoted:

Quoted:
ho hum ....

mark my words there will be a superpower showdown within most of this sites lifetime Africa is a likely meeting ground

Why Africa?
 


Lower cost of bribing/controlling the locals
Less competing entities


While Africa does not have the largest reserves * what they do have is pretty much untapped and the quality of oil is better in large

Why do you think China is undertaking humanitarian missions in Africa ?


SA is too close logistically to the USA to make an oil run for say China,
China can't take on RUS YET
ME is to crowded and to many big players so that leaves Africa and yes Africa will win again
Link Posted: 10/27/2010 6:21:49 AM EDT
[#37]
Quoted:
WTF is wrong with there being natural gas there!!??


Thought I heard something about Natural Gas being a Valuable Energy Resource too (last time I checked)...

Link Posted: 10/27/2010 6:22:04 AM EDT
[#38]
Quoted:
ho hum ....

mark my words there will be a superpower showdown within most of this sites lifetime Africa is a likely meeting ground


I've always believed that sooner or later there will be wars over Africa's resources.
Link Posted: 10/27/2010 6:22:27 AM EDT
[#39]
Quoted:
agrees with .gov agenda


same thing just happened with the oil reserves around the falkland islands.  BP sends a bunch of survey ships, comes back and says "no oil after all"


Bullshit.  Peak oil is a sham

Yeah, really.  They don't want you to know that the center of the earth isn't molten rock, it's oil!  The continents float on petroleum.  Oil all the way down.
Link Posted: 10/27/2010 6:22:47 AM EDT
[#40]
Well shit. I guess we should ignore Alaska then.
Link Posted: 10/27/2010 6:29:48 AM EDT
[#41]



Quoted:


Well shit. I guess we should ignore Alaska then.


We prefer it that way.

 
Link Posted: 10/27/2010 6:33:30 AM EDT
[#42]
USGS = Government entity.



While I USUALLY like the USGS and respect their views, they are fucking lying here.
Link Posted: 10/27/2010 6:41:04 AM EDT
[#43]
Revised data sets, how the fuck do they work?
Link Posted: 10/27/2010 6:44:54 AM EDT
[#44]



Quoted:



Quoted:

If they refuse to drill, I'm heading north with a shovel.




No shit.



If the land is so worthless, why not allow some private enterprise to explore up there to confirm once and for all. Or better yet, lease the mineral rights....free market and all...if there is nothing there, no one will do any damage to the sacred cows and they will take some money away from private businesses like they love to do. Win-Win.



Do it. Do it.


They do....

 



BP operates the Endicott field...




You can bid on land plots and lease them if you personally want to drill for oil...




Link Posted: 10/27/2010 6:48:19 AM EDT
[#45]
Quoted:
ho hum ....

mark my words there will be a superpower showdown within most of this sites lifetime Africa is a likely meeting ground


Jesus, they can have Africa
Link Posted: 10/27/2010 7:27:17 AM EDT
[#46]
Well now, isn't that convenient.
Link Posted: 10/27/2010 7:28:57 AM EDT
[#47]
The Russians are stealing it.
Link Posted: 10/27/2010 7:36:59 AM EDT
[#48]



Quoted:



Quoted:




Quoted:

ho hum ....



mark my words there will be a superpower showdown within most of this sites lifetime Africa is a likely meeting ground


Why Africa?

 




Lower cost of bribing/controlling the locals

Less competing entities





While Africa does not have the largest reserves * what they do have is pretty much untapped and the quality of oil is better in large



Why do you think China is undertaking humanitarian missions in Africa ?





SA is too close logistically to the USA to make an oil run for say China,

China can't take on RUS YET

ME is to crowded and to many big players so that leaves Africa and yes Africa will win again


Interesting. Since China is moving in Africa, my question is this; will anyone care? We have reserves and are close to SA, the Russians have their own and as you said the ME is too crowded. The Euros may be interested, but short of denying a strategic resource to a potential enemy, I don't see the US getting involved in China's Africa play.



Interesting precept none the less.



 
Link Posted: 10/27/2010 7:42:49 AM EDT
[#49]
Note that the report mentioned conventional oil.  That does not necessarily mean diddly squat to the total amount of hydrocarbon fuel there.  She is mentioning that the mix of oil and gas is different.  If we factor in natural gas liquidation and oil shale (neither are conventional), we might take the previous conventional oil reserves and multiply by 100.
Link Posted: 10/27/2010 7:45:26 AM EDT
[#50]
Because Mcnutt said so .
Arrow Left Previous Page
Page / 3
Close Join Our Mail List to Stay Up To Date! Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.


By signing up you agree to our User Agreement. *Must have a registered ARFCOM account to win.
Top Top