Skip to comments.Obama administration cuts back oil shale development
Posted on 06/22/2013 5:59:08 AM PDT by TurboZamboni
Controversy is heating up over an administration plan to drastically reduce the amount of federal lands available for oil shale development in the American West.
The Bush administration had set aside 1.3 million acres for oil shale and tar sands development in Colorado, Utah and Wyoming. The new Bureau of Land Management plan cuts that amount by two-thirds, down to 700,000 acres, a decision that has prompted industry outrage.
"What they basically did was make it so that nobody is going to want to spend money going after oil shale on federal government lands," said Dan Kish, Senior Vice President of Institute for Energy Research.
(Excerpt) Read more at foxnews.com ...
He just can’t help himself.
But he’s not a Muslim!
If you want the lower gas prices, lower oil prices, and lower energy prices necessary for a booming economy, you are going to have to get yourselves another President.
No surprise; he said he was going to do it. Yet, 52% voted the lowlife treasonous dirtbag back into office. We’re sure getting what we (collectively) voted for.
An American president bowing to the eco nazis in preventing America from being energy independent.
Another traitorous act.
When I lived in Wyoming, BTW, no one was more hated than the BLM.
That's not exactly true. Some disgusted conservatives stayed home. Who voted Obama back in office are the globalist elitists who refuse to get out of the way of having a constitutional conservative president.
We tried it your way with GWB. It just paved the way for Obama. The Republicans will lose yet again if they run another RINO.
This has nothing to do with the shale oil and gas being recovered in SD and Texas among others and doesn’t even refer to the type of shale drilling going on now. The oil in the areas covered by this is in the form of kerogen and needs to be cooked in situ to recover. It is so tightly bound to the shale rock it won’t flow without the cooking process.
Hey now. Those energy prices gotta skyrocket somehow. He’s just trying to fulfill one of his proclamations he made before disaster 1. Now that we’re in disaster pt.2 and no re-election is in the way, he can proceed with achieving his goals.
1.3 million to 700,00 is now a 2/3rds reduction. Who writes this crap?
These are the areas where people quote that we have more oil than the Middle East.
As far as I know, they also need prodigious water to process. No water no oil, so no loss for now. When the government facilitates a massive water diversion infrstructure, then take notice.
All OBarkys edicts can be reversed by the next Republican (if there is one) president.
The chances of there ever being another Republican president are decreasing daily as the Stupid Party is busily promoting its own demise by caving (yet again) on the disastrous immigration bill. Only the strong survive; the weak parish.
If it hurts America, make it happen!!
Yet, this islamic POS will take credit for all the oil/gas development in the USA when it comes to the lamestream media....
Evidently, his Saudi buddies must have made a call on his note for his re-election.
-—The oil in the areas covered by this is in the form of kerogen and needs to be cooked in situ to recover...
While it might be true that this doesn’t affect current oil recoveries, it does impact the overall market and the confidence of those who must take risks to find new energy for us. There might new technologies found tomorrow which would make this area profitable but its now off-limits.
This dosn't say anything about kerogen.
The Green River Formation, the worlds largest oil shale deposit, is located in a largely vacant region of mostly federal land on the western edge of the Rocky Mountains that includes portions of Wyoming, Utah, and Colorado (see map below).
Heres an excerpt from testimony about the Green River Formation that was provided on Thursday by Anu K. Mittal, Government Accountability Office (GAO) Director of Natural Resources and Environment, to the House Subcommittee on Energy and Environment, Committee on Science, Space, and Technology titled Unconventional Oil and Gas Production: Opportunities and Challenges of Oil Shale Development:
The Green River Formationan assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyomingcontains the worlds largest deposits of oil shale. USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions.
The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered. At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire worlds proven oil reserves.
I can agree with that. The popular vote doesn’t mean diddly. Whomever controls the Electoral College, wins. 332-206 in 2012, 0bummer v Romney.
The ‘racial component’ was also in-play, and they wanted to return the 0mulatto-Marxist-in-chief to the White Hut/Crib to finish their agenda of destroying America.
The GOPe already has our future planned with an unending parade of RINOs; Conservatives be damned.
Journalism school teaches spelling not math.
This does though
The Green River Formation contains the largest oil shale deposits in the world. It has been estimated that the oil shale reserves could be equal up to 3 trillion barrels (480 billion cubic metres) of shale oil, up to half of which may be recoverable by shale oil extraction technologies (”cooking” kerogen). However, the above quoted estimate of ‘recoverable’ oil is in doubt, and challenged, by many renowned geologists because the technology for converting rock into an oil from the Green River shale deposit has not been developed, and it has never been profitably implemented at any significant scale
Care to weigh in?
If companies drill on federal land, the tax take is only from the companies. If they are forced to drill on private land, Big Broke Government gets to tax the companies and the private land owners....and you know they need the money to buy free stuff for their voters.
The real problem is that most of the US is owned by the government and run by the BLM, which is the degenerate, retarded offspring of the IRS and US Fish and Wildlife.
Stop the leviathan government from destroying our nation.
“1.3 million to 700,00 is now a 2/3rds reduction. Who writes this crap?”
I think it is what they are now teaching in school...or the fact that it’s nearly impossible to fire an incompetent teacher unless they are espouse conservative values.
What makes it so apparant that the globalist elitist RINOs are only interested in cheap labor is the fascinationn they have with creating hispanic populations so large that they don't assimilate.
The proof is in the "Republicans" not going for the black vote. We support US citizens over non-citizens getting jobs. That's certainly not racist. Thinking blacks and successful blacks are finally getting it that the blacks are being replaced by hispanics. They also live with what we see in the news every day. That would be that as hispanics start moving into challenged black neighborhoods, violence happens between the groups.
Romney writing off minority lower income votes was either really dumb or really geared toward losing.
“they are espouse”
...obviously I had an incompetent English teacher.
The US could lower domestic and world energy prices in 24 hours. Here is how:
1) Okay the Keystone pipeline. Hundreds of thousands of barrels of oil a day from Alberta and North Dakota would flood the domestic US market. More supply means lower prices. Just the announcement of the pipeline's construction would spook speculation and cause prices to fall.
BONUS: 15,000 construction jobs immediately created.
2) End boutique blending of gasoline. This is expensive and unnecessary. The environmental benefits are dubious at best. Freeing refiners from this regulation would lower prices immediately.
3) End ethanol subsidies, import duties on ethanol, and regulations requiring refiners to blend it into their motor fuels. This would certainly lower corn prices and make many food products cheaper.
By Justin E. Birdwell, Tracey J. Mercier, Ronald C. Johnson, and Michael E. Brownfield,,,(Feb 7th 2013)
Abstract Using a geology-based assessment methodology, the U.S. Geological Survey estimated a total of 4.285 trillion barrels of oil in-place in the oil shale of the three principal basins of the Eocene Green River Formation. Using oil shale cutoffs of potentially viable (15 gallons per ton) and high grade (25 gallons per ton), it is estimated that between 353 billion and 1.146 trillion barrels of the in-place resource have a high potential for development
For additional information contact: Director, Central Energy Resources Science Center U.S. Geological Survey Box 25046, MS-939 Denver Federal Center Denver, CO 80225-0046 http://energy.usgs.gov/
Just like when Clinton locked up the coal.
Not surprised. The mineral rights are already gone because the are collateral for all the money we are borrowing.
Green River Shale formation has been under testing for a very long time. The petroleum cannot be produced by only drilling, even with horizontal drilling and hydraulic fracturing.
Previous attempts of this type formation involved mining, crushing the rock releasing Kerogen that was made into a syncrude suitable for an existing refinery.
Shell has been running a pilot program in the area for a long time. They have found by cooking the shale while still in the ground, what gets released is a light oil, esentially processed in place.
Just like the Canadian Oil sands don’t actually produce crude oil (it is bitumen) and it cannot be produced by drilling alone (they use steam assisted gravity drain, or mining), it really doesn’t matter. Like Bakken, Eagle Ford, etc it is more expensive to produce than traditional drilling. But after the products are produced and processed, my truck doesn’t tell the difference in the gasoline.
More liberal actions to appeal to environMENTALists, for votes.
Another bad idea to close it off from production. But it would also be a bad idea to subsidize it like Carter first did.
Yep. I knew all that. It’s unfortunate this stuff is called shale oil because it invariably gets confused with the shale oil and gas being cracked now.
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oil shale versus shale oil
It is profitable now with current technology.