Colorado Oil Shale Holds 2 Trillion Barrels of Oil

Discussion in 'Economy' started by onedomino, Apr 24, 2005.

  1. onedomino
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    onedomino SCE to AUX

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    Why are we not doing everything possible to develop oil shale and coal gasification as energy sources? We will freeze in the dark before the major oil companies devalue their current petroleum reserves with rapid development of oil shale and coal gasification. Only the government can muster the resources necessary for oil shale and coal gasification development. The technology can then be sold to private companies. In the early1980's, the Great Plains Coal Gasification Project, where the Feds spent $3 billion, produced oil at about $45 per barrel. The project consisted of a coal mine, next to a gasification plant, next to a power plant. It was abandoned because it was claimed that the energy produced was too expensive. Oil is now $50 per barrel and liable to rise higher. If extensive research on coal gasification had continued, what would the price of coal gasification be now? Certainly less than $45 per barrel. America needs to be released from the extortion of OPEC and the lunatic states dominating the cartel: Saudi Arabia, Iran, and Venezuela.

     
  2. freeandfun1
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    freeandfun1 VIP Member

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    They say that here in Nevada we have huge oil reserves but that to reach it we would have to drill very, very deep and that up until recently, the low cost of oil made drilling for it infeasible.

    Now that oil prices have gone up so much, it makes it more palatable from a cost stand point to drill for deep oil here in the US.
     
  3. USViking
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    USViking VIP Member

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    The Athabaska tar sands of Canada
    also contain a huge amount of oil reserves.

    http://www.answers.com/topic/athabasca-oil-sands

    (quote from the link):
    "While not a proven oil reserve, it is estimated that the Athabasca Tar Sands field contains as much as one third of the world's total oil deposits, with a similiar amount in the Venezuelan Orinoco tar sands field. Current production at the Athabasca site yields 120,000 barrels of oil per day with an increase to 280,000 by 2010 at a cost of $4,000,000,000 expected. Athabasca oil production is currently just a fraction of the 82,000,000 barrels of oil produced daily around the world.

    According to the Alberta Energy and Utilities Board, the Athabasca tar sands is the largest oil deposit in the world, with an estimated 1.6 trillion barrels (254 km³) of oil, of which at most 315 billion barrels are considered recoverable by the oil companies given current technology."



    Unforunately, it too is only expensively recoverable,
    and may be more environmentally destructive to recover
    than the shale oil.
     
  4. Merlin
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    Merlin Active Member

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    A couple of years ago Paul Harvey said on his newscast that Saudi Arabia had discovered an oil field that would supply the worlds demand for oil for the next 700 years. I don't know what happened to that.
     
  5. no1tovote4
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    no1tovote4 VIP Member

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    Well if they recognize the existence of this oil field they wouldn't be able to hold oil for ransom in order to make us pay as much as possible for it.

    The Multinational Corporations are willing to do whatever it takes to make the most of what they have. Not that this is terrible or wrong, but we should realize that they have no loyalty specifically to the US and work towards our freedom from dependence on their goodwill.
     
  6. 007
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    007 Charter Member Supporting Member

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    All the more reason for us to wean ourselves from it.... completely.
     
  7. dilloduck
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    dilloduck Diamond Member

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    America is "dependent" on imports for all sorts of things yet sometimes I wonder how bad of a thing that really is. Using up another countries natural resources before we tap into our own may be a very wise decision in the long run. Gasoline prices a relatively low in the US compared to other countries around the world and how much do we REALLY have to kow tow to other countries to get it?
     
  8. Fmr jarhead
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    Fmr jarhead Senior Member

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    Let's invade Canada! It would be the fastest, easiest way to become less dependent on the Middle East! j/k

    Oh...my father worked on some of the oil shale development stuff near Parachute (used to be called Grand Valley, CO). They even detonated nuclear bombs there, as well...should have turned some of the shale in to oil, shouldn't it?
     
  9. alien21010
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    alien21010 Member

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    The last time I checked, no nuclear devices had been detonated in Colorado.
     
  10. JohnGalt
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    JohnGalt Member

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    Holy shit, I used to vacation near Parachute...
     

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