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Posted: 9/3/2005 10:55:51 AM EDT
[#1]
Seems unlikely.
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Posted: 9/3/2005 10:56:39 AM EDT
[#2]
In what form? I know that there are strategies for extracting oil from difficult deposits, such as oil sands and 'dry' deposits, but they are expensive. Maybe worth it now, but still expensive.
Jim Shale deposits. News links: www.rockymountainnews.com/drmn/news_columnists/article/0,1299,DRMN_86_4051709,00.html www.harolddoan.com/modules.php?name=News&file=article&sid=5591 www.taipeitimes.com/News/worldbiz/archives/2005/09/02/2003270104 |
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Posted: 9/3/2005 10:57:10 AM EDT
[#3]
Sounds like something you'd hear on April 1rst.
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Posted: 9/3/2005 10:57:44 AM EDT
[#4]
Dont tease me with rumors.
Links, damn you! LINKS! |
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Posted: 9/3/2005 10:57:59 AM EDT
[#5]
Probably shale oil. Besides the enviros will stop the drilling anyway because of pristine area, wilderness areas, etc.
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Posted: 9/3/2005 10:58:03 AM EDT
[#6]
www.resourceinvestor.com/pebble.asp?relid=12595
Study Shows Huge U.S. Oil-Shale Field By Jennifer Talhelm 02 Sep 2005 at 07:58 AM EDT WASHINGTON (AP) -- The United States has an oil reserve at least three times that of Saudi Arabia locked in oil-shale deposits beneath federal land in Colorado, Utah and Wyoming, according to a study released yesterday. But the researchers at the RAND think tank caution the federal government to go carefully, balancing the environmental and economic impacts with development pressure to prevent an oil-shale bust later. "We've got more oil in this very compact area than the entire Middle East," said James Bartis, RAND senior policy researcher and the report's lead author. He added, "If we go faster, there's a good chance we're going to end up at a dead end." For years, the industry and the government considered oil shale — a rock that produces petroleum when heated — too expensive to be a feasible source of oil. However, oil prices, which spiked above $70 a barrel this week, combined with advances in technology could soon make it possible to tap the estimated 500 billion to 1.1 trillion recoverable barrels, the report found. The study, sponsored in part by the U.S. Department of Energy, comes about a month after the president signed a new energy policy dramatically reversing the nation's approach to oil shale and opening the door within a few years to companies that want to tap deposits on public lands. The report also says oil-shale mining, above-ground processing and disposing of spent shale cause significant adverse environmental impacts. Shell Oil is working on a process that would heat the oil shale in place, which could have less effect on the environment. < Back Respond to this story >  |
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Posted: 9/3/2005 10:58:14 AM EDT
[#7]
That's what I thought, but the guy on Fox News radio said it...it must be true  |
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Posted: 9/3/2005 10:58:30 AM EDT
[#8]
Just found it or saving the discovery for a more strategic time?
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Posted: 9/3/2005 10:58:34 AM EDT
[#9]
It's not pools of oil. It's in another form that must be heated before it can be extracted from rock. Prior to now, the cost of such work was simply too great. But now it might be just as cheap or cheaper to extract since prices of regular oil are through the roof.
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Posted: 9/3/2005 10:59:16 AM EDT
[#10]
Thanks man WHAT DID I SAY!!! HOOAH! 
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Posted: 9/3/2005 11:01:25 AM EDT
[#11]
Shit, there's millions (probably billions) of gallons of oil off the coast of California.
We better pump it out ASAP. It might help to get California underwater quicker. 
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Posted: 9/3/2005 11:01:27 AM EDT
[#12]
No more gravel for our roads. Let's use crushed shale! I'd like a crushed shale driveway.
How about building some sort of nuclear reactor well. Kill two birds with one stone. :) Or maybe a giant magnifying glass in orbit... |
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Posted: 9/3/2005 11:02:05 AM EDT
[#13]
Saudi Arabia already has us by the balls with oil.
I doubt our pres, or any future pres will have the cojones to tell Saudi Arabia to F**k off. |
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Posted: 9/3/2005 11:02:55 AM EDT
[#14]
You can still make good money with Oil sands now, Hell we do it, and my Province is the richest in the Confederacy, especially with oil prices being what they are
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Posted: 9/3/2005 11:04:43 AM EDT
[#15]
This has been known for years
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Posted: 9/3/2005 11:04:53 AM EDT
[#16]
Sounds like the perfect plan... try to get the environmental lobby to go along. |
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Posted: 9/3/2005 11:07:21 AM EDT
[#17]
No big deal, More for China... |
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Posted: 9/3/2005 11:08:41 AM EDT
[#18]
Co2 that glows... cool! Little green cloud puffing out the exhaust pipes 
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Posted: 9/3/2005 11:12:00 AM EDT
[#19]
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Posted: 9/3/2005 11:13:53 AM EDT
[#20]
In the meantime, let's pump the Mid-East dry first.
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Posted: 9/3/2005 11:14:37 AM EDT
[#21]
This I think, is general knowledge in the industry but it is expensive to process and I doubt the tree huggers will let us get to it.
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Posted: 9/3/2005 11:15:27 AM EDT
[#22]
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Posted: 9/3/2005 11:16:27 AM EDT
[#23]
At $3.50 a gallon, it might be profitable. |
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Posted: 9/3/2005 11:16:30 AM EDT
[#24]
Screw the tree huggers! We gotta stop letting them dictate things, we need to do what we have to do to ensure an adequate energy supply until alternatives get off the ground.... |
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Posted: 9/3/2005 11:16:47 AM EDT
[#25]
Good. |
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Posted: 9/3/2005 11:18:06 AM EDT
[#26]
I hope that face is for Bush, and not me......He's the one holding hands with a terrorist dictator! |
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Posted: 9/3/2005 11:19:15 AM EDT
[#27]
Good as in its shale oil or good as in the environmentalists will stop drilling efforts? |
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Posted: 9/3/2005 11:21:28 AM EDT
[#28]
my thoughts exactly |
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Posted: 9/3/2005 11:21:43 AM EDT
[#29]
 
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Posted: 9/3/2005 11:21:52 AM EDT
[#30]
Coincidences...I don't believe in them. The US government created and directed this hurricance to destroy a major metropolitan area. The reason, to jack oil prices up high enough to validate announcing this finding (oh, and this was actually discovered over 20 years ago but the CIA decided to keep it a secret). Now, GW and other oil hungry investors, who own the rights to this new find, have decided to cash in. It's a big ploy by big oil and GW Bush. ARe you all blind?!!!
 |
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Posted: 9/3/2005 11:23:23 AM EDT
[#31]
Hey, you should go post this at DU....I bet everybody there will jump on the bandwagon! 
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Posted: 9/3/2005 11:24:00 AM EDT
[#32]
The environmental lobby can FOAD. Survival of the nation is more important than temporary eco/geo damage. Jim |
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Posted: 9/3/2005 11:25:44 AM EDT
[#33]
Paging Peak_Oil!
Your theory has been blown to hell! |
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Posted: 9/3/2005 11:25:50 AM EDT
[#34]
Well said. |
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Posted: 9/3/2005 11:25:50 AM EDT
[#35]
Once we start extracting the oil, it's fairly likely that the cost to do so will go down as technologies are refined and new techniques and technology are applied to the task. By the way, I notice they don't include the oil sand deposits in Kansas. I think there are about 500 billion barrels of oil available in Kansas deposits alone. Roughly the same trouble as shale to get it out of the ground. Jim |
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Posted: 9/3/2005 11:26:54 AM EDT
[#36]
I'd be willing to pay $5/gallon or more if it would put the screws to the Saudis.  Of course, I may be paying that anyway... |
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Posted: 9/3/2005 11:27:55 AM EDT
[#37]
The oil is currently only viable at the high barrel prices. The middle east will lower the price per barrel to stop extraction before kissing their money train goodbye. There is only one solution and it is alternative fuels.
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Posted: 9/3/2005 11:28:30 AM EDT
[#38]
I can't take it over there. I just get irrate, punch holes in walls, break windows, etc. The wife had put in a PARENTAL LOCK on that site to prevent such behavior. 
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Posted: 9/3/2005 11:39:36 AM EDT
[#39]
Isn't the point of this to make the prices cheaper? If the saudis lower the prices then we won't have to dig the shale stuff up. |
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Posted: 9/3/2005 11:41:52 AM EDT
[#40]
I agree. Probably shale. This has been know about for many, many years. Decades. Pretty sure it costs a shitload to extract and refine. |
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Posted: 9/3/2005 11:42:54 AM EDT
[#41]
Until they see that we'be shelved the project, and then they jack it back up. If used properly, this could make $50 per barrel a price cieling as opposed to a price floor. |
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Posted: 9/3/2005 11:47:35 AM EDT
[#42]
Extracting that would be FANTASTIC. FINALLY tell Saudi Arabia to fuck off.
Since pics of the Saudi's were shown, here is a paraphrased conversation my father's old boss (my father left before he did), a gov't nuclear power/waste expert and a Saudi prince in some oil ministry had at a conference. Saudi Prince: America will always need us for oil. We have it, and you do not. You are beholden to us for that. (basically being a dick) Boss: Are you aware that 12 years after a nuclear strike oil in the immediate area would be safe to use again? Saudi: (shocked voice) And how would you know that? Boss: We studied it. Think about that. Saudi: walks away shocked. |
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Posted: 9/3/2005 11:49:20 AM EDT
[#43]
Pretty much. Even if we decided to process coal into oil or grab the shale. Whatever price we can do it for, the Saudis (TErrorists) will just lower the prices to make sure we keep buying from them and any investment we spend to get our own would be wasted in the eyes of the FedGov. We will ALWAYS be under the mercy of the Terrorist oil nations. Bet on it. |
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Posted: 9/3/2005 11:50:01 AM EDT
[#44]
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Posted: 9/3/2005 11:50:26 AM EDT
[#45]
The price per barrel is set on basis of futures trading, so how do they peform this feat unless they dump oil on the market for months? They are running full out right now, so how do they dump more on the market to drive prices down? Thier only real power minus the ability to significantly increase output is to resrict oil and drive prices higher, which will in turn drive us faster to other sources. |
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Posted: 9/3/2005 11:52:11 AM EDT
[#46]
Are you under the impression that barrels of oil are marked with UPC codes with a set price on the way out of the M.E.? |
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Posted: 9/3/2005 11:56:27 AM EDT
[#47]
Sorry everyone. The oil shale, like somebody else has already said, has been known about for a very long time. Bush is too big a pussy to stop sucking Saudi Arabia's cock.
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Posted: 9/3/2005 12:00:01 PM EDT
[#48]
My truck just breathed a heavy sigh of relief.
Seriously though, we should consult with the Canadians on how to extract it. They've got the tech expertise for it. |
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Posted: 9/3/2005 12:00:45 PM EDT
[#49]
Newsflash here!!!! Most of our oil comes from Canada and Mexico current U.S. use of M.E. oil is about 15% not all from Saudis either. Iraq supply is a trickle and NO oil from Iran. Crude Oil Imports (Top 15 Countries) (Thousand Barrels per Day) Country Jun-05 May-05 YTD 2005 Jun-04 Jan - Jun 2004 -------------------------------------------------------------------------------- CANADA 1,705 1,722 1,606 1,724 1,622 MEXICO 1,616 1,748 1,568 1,668 1,597 SAUDI ARABIA 1,598 1,430 1,526 1,455 1,388 VENEZUELA 1,292 1,273 1,329 1,439 1,353 NIGERIA 1,012 1,111 1,040 1,208 1,107 IRAQ 608 588 548 636 657 ANGOLA 397 341 430 127 287 ALGERIA 292 152 195 216 198 ECUADOR 288 238 289 186 197 UNITED KINGDOM 269 194 227 304 262 COLOMBIA 227 116 142 192 158 BRAZIL 212 115 80 91 57 NORWAY 194 117 139 155 171 KUWAIT 184 213 186 224 226 CHAD 136 37 78 32 49 Total Imports of Petroleum (Top 15 Countries) (Thousand Barrels per Day) Country Jun-05 May-05 YTD 2005 Jun-04 Jan - June 2004 -------------------------------------------------------------------------------- CANADA 2,155 2,188 2,128 2,240 2,141 MEXICO 1,746 1,826 1,657 1,729 1,666 SAUDI ARABIA 1,623 1,526 1,581 1,498 1,430 VENEZUELA 1,593 1,574 1,584 1,723 1,610 NIGERIA 1,089 1,214 1,127 1,260 1,182 IRAQ 608 588 548 636 659 ALGERIA 574 449 455 464 448 UNITED KINGDOM 421 345 371 427 402 ANGOLA 397 353 438 139 298 NORWAY 357 229 248 209 251 RUSSIA 350 325 429 432 246 VIRGIN ISLANDS 331 367 327 378 316 ECUADOR 312 238 297 205 212 COLOMBIA 251 176 176 202 185 BRAZIL 226 134 123 146 114 Note: The data in the tables above exclude oil imports into the U.S. territories. Google is your friend |
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Posted: 9/3/2005 12:01:06 PM EDT
[#50]
As several other posters have pointed out, massive non-arab deposits are nothing new. The advantage that the Arab countries have isn't that they have a lot of oil, it's that their oil is easy to get to. There's a lot of oil in Texas that looks good at $50 a barrel, but which isn't worth trying to extract at $30 a barrel. The middle east will run out of oil LONG before the rest of the world does...
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