Important Energy News Due Tomorrow

Discussion in 'Economy' started by onedomino, Apr 9, 2008.

  1. onedomino
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    onedomino SCE to AUX

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    Tomorrow the US Geological Service will release at the request of the state of North Dakota a report on the amount of economically recoverable oil contained in the Bakken Trend. Estimates vary widely from 10 billion barrels to 500 billion barrels. The oil is deep and requires special horizontal drilling techniques that have only recently been developed. If the report confirms the upper end estimates of the Bakken reserve, then the impact on America will be profound. We may be able to cut the umbilical from the Middle East and correct the foreign policy distortions generated by strategic concerns associated with securing energy supplies for the West. How big is Bakken? The top two oil producers Russia and Saudi Arabia have combined oil reserves of 260 billion barrels.

    [​IMG]

    see also:

    http://www.transworldnews.com/NewsStory.aspx?id=42081&cat=1

    http://www.salon.com/tech/htww/2008/04/09/bakken_shale_oil/

    http://canadafreepress.com/index.php/article/2561

    http://www.energyandcapital.com/aqx_p/4209?gclid=CJqF3NC6z5ICFSYuagoduX_7HA
     
  2. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Until the eviro nuts block all drilling because it will cause "global warming" and damage the eco system.
     
  3. Angel Heart
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    Angel Heart Conservative Hippie

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  4. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Again because enviro whackos have made it nearly impossible to do so. The same reason California has so many problems with the energy grid, because for the last 30 years they have not built any new power plants, why? Because environmental laws and groups have made it nearly impossible and so costly as to be prohibitive even if the permits could be gotten.
     
  5. Angel Heart
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    Angel Heart Conservative Hippie

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    Well I think it's more than just them... After all who wants a refinery in their back yard?
     
  6. RetiredGySgt
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    RetiredGySgt Platinum Member

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    No it is the whack jobs that forced through ignorant laws that make it nearly impossible to build power stations in California. I believe there has not been a new station finished since the mid 80's.

    Population grows, business grows, homes increase and yet for at least 20 or more years not one new power source has been added in California.
     
  7. Care4all
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    Care4all Warrior Princess Supporting Member

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    That's a crock that the Oil companies want the foolish to believe...

    They haven't even attempted to build refineries...THEY DON'T WANT TO BUILD ANY....it has NOTHING to do with the enviro lovers...it has to do with making their refineries more profitable....by LIMITING the amount of refineries that they have.... this was exposed in a memo of oil execs stating JUST THAT...

    Care
     
  8. RetiredGySgt
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    RetiredGySgt Platinum Member

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    You may want to REREAD what I wrote. I am not discussing refineries at ALL. But then reading comprehension does seem to be a problem amongst the far left.
     
  9. Care4all
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    Care4all Warrior Princess Supporting Member

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    i'm sorry ret, you are right.... you were talking power stations and i misread it.

    care
     
  10. onedomino
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    onedomino SCE to AUX

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    The USGS reported today that only 4.3 billion barrels from the Bakken Trend are economically recoverable with current methods. A big disappointment. The pill is that 4.3 billion barrels represents only about one percent of the total oil in the Bakken. Apparently, the rest is too difficult to obtain. In contrast, the North Slope was estimated at 10.6 billion barrels in 1999. If a high percentage of the Bakken had been judged economically recoverable, it would have had a profound affect on America. As it is, the Bakken will change nothing, and the foreign policy distortions caused by the West's need for oil will continue.
     

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