The amount of oil reportedly discovered is mind-boggling, a most auspicious, fortuitous development for America. This isn't happening tomorrow but the implications of which are huge, changes everything. Imagining the huge problems we face, particularly the budget deficit that Obama has been using as his #1 tool in destroying America the shale oil boom has the capacity to certainly ameliorate, if not eventually resolve the financial catastrophe we've been facing. I don't know how the scenario will play itself out but this discovery seems to be a godsend for us all.
Obama will make sure we can’t access it!
Countdown till it’s shut down by Obama.
10,9,8...
Oh, if it’s allowed to be drilled, once it’s in operation, countdown till China ‘collects’ it debt.
10,9,8...
Why all of a sudden are wee seeing all of these stories about abundant oil in the US and the US has more that Saudi Arabia ?
I guess peak oil got pushed out a few years....
Gotta harvest, transport, and refine it.
The EPA will say Nay, Nay, and Nay to all three.
It’s fun to dream, though. We’re rich, Granny.
I thought all the oil to be found had already been found and we were rapidly running out.
Doesn’t matter. EPA (Obama) won’t allow it.
But, but, but, what about the polar bears?
No point in drilling, we wouldn’t see the oil for ten years...
There’s a REASON the Obamatrons are determined to cripple “fracking” technology. God forbid we unlock huge amounts of shale gas and oil. Abundant energy would prevent us from being brought to our knees. The EPA is going to attack this imminently as a result.
If not, get the Israeli's on it, I heard the Golan heights are loaded with it, and they figured out a way to extract it for $19 / barrel equivalent....
Peak oil my a$$.
I hate to burst y’alls bubble but this is the same old oil shale that has been referred to for a long long time. It is immature kerogen. It is not mobile and has to be heated for extraction. This is the same oil shale Exxon and others tried to exploit in the Book Cliffs near Parachute, Colorado.
Been there and done that 30 years ago.
http://www.denverpost.com/opinion/ci_20543843/boom-and-bust-and-boom
The operative clause in the article is “trying to unlock”.
It is still there, the potential resource is immense. This is also the same resource that obastard just sequestered 1.6 million acres of I believe.
This is just feel good hype brought to you by your “friends” from obastardland. More feel good hopium for the proletariat. Do you want to join them in believing this crap?
Ping.
I saw the movie. He set it on fire and moved to Galts Gulch!
The rare gay Kenyan grasshopper rat has been discovered and the land has to be locked up
Try a few centuries. They mentioned underground streams. Just tap the streams and take the oil they leach out, except there are no underground streams.
This oil has been known for over 50 years so it is not like it is something new. Salazar killed shale oil when he was in Colorado. Simple horizontal drilling and heat can release the oil. The remaining oil could be turned into methane with bacteria.
Does this mean we are all going to have to wear “man-dresses” like the Arabs and sandals???
Where the frack did all those dinosaurs come from?
Obama intends to stop all fracking in the states.
Obama’s Post-Reelection EPA Plans
Posted: November 4, 2012
If you think the Obama administration’s Enterprise Prevention Agenda has been wildly aggressive during the past four years, believe me, we really ain’t seen nothin’ yet. A new report released by the U.S. Senate Committee on Environment and Public Works Minority Committee enumerates a slew of planned EPA regulations that have been delayed or punted on until after the election that will destroy millions of American jobs and cause energy prices to skyrocket even more.
Titled “A Look Ahead to EPA Regulations for 2013: Numerous Obama EPA Rules Placed on Hold Until After the Election Spell Doom For Jobs and Economic Growth”, it lists and describes new rules concocted over the past year ranging from additional restrictions on greenhouse gas emissions, tougher water guidelines and tightening of the ozone standard. Taken together, they will further drive up pump prices, impose construction bans on local communities, and cripple oil, natural gas and coal production.
As the Washington Post notes, the report puts a spotlight back on the Obama EPA which has earned a “reputation for Abuse”, serving as a stark reminder that “President Obama has presided over a green team administration that works every day to “crucify” oil and gas companies and make sure that “…if you want to build a coal plant you got a big problem.”
http://thepatriotperspective.wordpress.com/2012/11/04/obamas-post-reelection-epa-plans/