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An American Oil Find That Holds More Than All of OPEC

 
DoorBert

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11/21/2012 07:21 PM

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An American Oil Find That Holds More Than All of OPEC
Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC.

A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."

Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels.

"In the past 100 years — in all of human history -- we have consumed 1 trillion barrels of oil.

There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).

[link to abcnews.go.com]
Anonymous Coward
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11/21/2012 07:22 PM
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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
Anonymous Coward
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11/21/2012 07:23 PM
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Re: An American Oil Find That Holds More Than All of OPEC
And Obummer and the demos will never touch it.. Have to keep the US dependent on the worlds Oil.. God for bid we break away
No Dhimmi
Proud Infidel

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11/21/2012 07:25 PM

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Re: An American Oil Find That Holds More Than All of OPEC
And Obummer and the demos will never touch it.. Have to keep the US dependent on the worlds Oil.. God for bid we break away
 Quoting: Anonymous Coward 3798339


Forward off clif
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
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11/21/2012 07:25 PM
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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


Nope.
Anonymous Coward
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United States
11/21/2012 07:26 PM
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Re: An American Oil Find That Holds More Than All of OPEC
Shale huh? So that means fracking which will weaken the tectonic plates and lead to God only knows what kind of earthquake.

They are fracking like crazy and not even trying to figure out what the effects will be on our water or the planet. I hate White people.
Anonymous Coward
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Canada
11/21/2012 07:27 PM
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Re: An American Oil Find That Holds More Than All of OPEC
It won't matter. By the time they figure out how to harvest it, there will be a 20$ per gallon carbon tax on gas
Randy725
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11/21/2012 07:48 PM
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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


clappa
Anonymous Coward
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11/21/2012 08:03 PM
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Re: An American Oil Find That Holds More Than All of OPEC
[link to www.raytheon.com]

According to the latest studies, the United States has an oil reserve of at least three times that of Saudi Arabia locked in a 16,000-acre formation of oil shale deposits beneath federal land in Colorado, Utah and Wyoming. The majority of the land was set aside in 1910 by the government as a potential source of fuel for the U.S. Navy.

If successfully harvested, shale could provide a long-term source of reliable, affordable and secure oil. In fact, federal officials estimate that this resource could yield enough oil to meet U.S. demand at current levels for more than 250 years.

Oil shale, also known as organic marlstone, contains kerogen — a waxy hydrocarbon that turns into oil or natural gas if enough heat or pressure is applied.

Nearly 100 years after the U.S. government set the land aside, the shale reserves remain 1,000 feet underground. During this time, various companies have tried to retrieve oil from the shale but have met with limited success due to the environmental and economical ramifications of standard extraction methods.

The question remains: How can fossil fuel be extracted from the shale in a cost-efficient manner without wreaking havoc on the environment?

Potential Solution to Century-Old Roadblock
The solution developed by Raytheon involves the combined use of radio frequency (RF) technology, more commonly used for radars and guidance systems, in conjunction with “critical fluids” — compounds that rapidly penetrate substrates and safely dissolve a wide range of chemicals. Massachusetts-based CF Technologies, a leading developer of critical fluid processes, is providing Raytheon with its critical fluids expertise.

Under this extraction scenario, oil well holes are drilled into the shale strata using standard oil-industry equipment. RF antennae, or transmitters, are lowered into the shale. The antennae then transmit RF energy to heat the buried shale. Super-critical carbon-dioxide fluid is pumped into the shale formations to separate the petroleum from the rock and direct the freed fuel to another well, where it is extracted. Next, the carbon-dioxide fluid is separated from the oil and gas, which is sent to a refinery and further processed into gasoline, heating oil and other products.
Anonymous Coward
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11/21/2012 08:15 PM
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Re: An American Oil Find That Holds More Than All of OPEC
Yeah America is hitting rock bottom.
Anonymous Coward
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11/21/2012 08:16 PM
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Re: An American Oil Find That Holds More Than All of OPEC
There is nothing fossil about oil.
Anonymous Coward
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United States
11/21/2012 08:18 PM
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Re: An American Oil Find That Holds More Than All of OPEC
There is nothing fossil about oil.
 Quoting: Anonymous Coward 27274750


this
Anonymous Coward
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11/21/2012 08:26 PM
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Re: An American Oil Find That Holds More Than All of OPEC
LOL. obama will squash it.
Joker

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11/21/2012 08:29 PM

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Re: An American Oil Find That Holds More Than All of OPEC
5a5a5a
Squatch Hunter

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11/21/2012 08:33 PM
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Re: An American Oil Find That Holds More Than All of OPEC
Think how this discovery could radically re-engineer us out of this depression. If we become the world's largest supplier of oil, we could actually erase the trade deficit, create boatloads of good paying jobs, drastically drop fuel costs in America and make all the products we buy cheaper.

Its a MAJOR shot in the arm and we need it now. Too bad zero doesn't really want to actually help Americans. Too bad it isn't on private land than we could bypass his Commie BS.

Last Edited by Squatch Hunter on 11/21/2012 08:35 PM
Anonymous Coward
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11/21/2012 08:34 PM
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Re: An American Oil Find That Holds More Than All of OPEC
If nothing else it is at least comforting to know it is there.
Brevet

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11/21/2012 08:36 PM

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Re: An American Oil Find That Holds More Than All of OPEC
Private or federal land?
Joker

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11/21/2012 08:36 PM

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Re: An American Oil Find That Holds More Than All of OPEC
Think how this discovery could radically re-engineer us out of this depression. If we become the world's largest supplier of oil, we could actually erase the trade deficit, create boatloads of good paying jobs, drastically drop fuel costs in America and make all the products we buy cheaper.

Its a MAJOR shot in the arm and we need it now. Too bad zero doesn't really want to actually help Americans. Too bad it isn't on private land than we could bypass his Commie BS.
 Quoting: Squatch Hunter


Amen bro....hf
Anonymous Coward
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11/21/2012 08:37 PM
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Re: An American Oil Find That Holds More Than All of OPEC
Shale huh? So that means fracking which will weaken the tectonic plates and lead to God only knows what kind of earthquake.

They are fracking like crazy and not even trying to figure out what the effects will be on our water or the planet. I hate White people.
 Quoting: Anonymous Coward 11045904


racist
Anonymous Coward
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11/21/2012 08:43 PM
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Re: An American Oil Find That Holds More Than All of OPEC
USA USA USA!!!
dubyagwdancebabydanceratdanceuraltanahappydancestarwarsjumpy
arkay

User ID: 944501
Australia
11/21/2012 08:46 PM

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Re: An American Oil Find That Holds More Than All of OPEC
We have shale oil here too in Australia, but, the greenies went ape over plans to refine it because it was such a pollution contributing process.

From memory, our first shipment got black banned and no one would buy it.

If its ever going to be useful then better methods of extraction will need to be discovered, and correct, there will be a new tax on it before it hits the pumps, no matter how much production costs can be reduced.

Taxes and the cost of oil to the pump arent linked in any way apart from a percentage of retal volume that the government gets to extract from their citizens for their own irresponsible uses.

Hasnt everyone noticed yet but no matter how much tax is collected, somehow or other there is never enough money for governments!
Anonymous Coward
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11/21/2012 08:46 PM
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Re: An American Oil Find That Holds More Than All of OPEC
Private or federal land?
 Quoting: Brevet


If it's private, then the companies drilling and selling it will sell it at the same price they are selling oil barrels now. They don't care if the worlds oil supply triples, they know people will pay whatever it takes to get their oil/gas, so why lower the price.
If it's federal they will likely fuck it up.

We are screwed ether way.
Anonymous Coward
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11/21/2012 09:15 PM
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Re: An American Oil Find That Holds More Than All of OPEC
bump
Anonymous Coward
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11/21/2012 09:29 PM
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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


Nope.
 Quoting: Anonymous Coward 27526740


Now you know why Obama has been selected into "re-election" by the elite.
Anonymous Coward
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11/21/2012 09:45 PM
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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


the murder wasn't over oil, it was, and remains, over who controls the majority's expectation of future events (control over markets). So there's always something new to murder over.
BRIEF
Rebel with morals

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11/21/2012 09:55 PM

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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


We do not fight for oil!
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
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11/21/2012 09:57 PM
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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


No, you can pay a higher price at the pump. Fracking shale oil becomes unprofitable when OPEC prices are low. Look at the big picture.
Fred
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11/21/2012 10:00 PM
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Re: An American Oil Find That Holds More Than All of OPEC
Sea water also contains some dissolved gold. In total it is a huge amount. Its not quantity but cost to extract that matters. This will likely never bring prices down, sticking a radio transmitter down your well is pretty desperate and expensive.
Anonymous Coward
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11/21/2012 10:04 PM
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Re: An American Oil Find That Holds More Than All of OPEC
If only the greedy fucks at the top cared a little more about American society and a little less about keeping the price of crude sky high for there own personal profit,this could turn things around in this country.But they are selfish,heartless, pukes who do not give a shit about anyone but themselves.
Anonymous Coward
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11/21/2012 10:07 PM
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Re: An American Oil Find That Holds More Than All of OPEC
[link to www.therightscoop.com]

ARG! Obama admin announces plan to shut down 1.6 million acres of federal land to oil shale development

two weeks ago..........
Anonymous Coward
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11/21/2012 10:07 PM
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Re: An American Oil Find That Holds More Than All of OPEC
So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


So can we stop murdering people for oil now, or what.
 Quoting: Anonymous Coward 20943498


You lose.

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