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Pickens: Oil Could Go to $300 a Barrel
Moneynews.com ^ | Friday, June 19, 2009 10:01 AM | Dan Weil

Posted on 06/19/2009 11:07:40 AM PDT by TLI

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To: TLI

Hows about we drill holes in the ground and pump our own? But that would delay the collapse of our capitalist system so the dems won’t allow that.


41 posted on 06/19/2009 12:03:03 PM PDT by east1234 (It's the borders stupid! My new enviromentalist inspired tagline: cut, kill, dig and drill)
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To: domenad

The congress critters do not care, that is 10 years from now. They must wait until it is a “crisis” before they can act.


42 posted on 06/19/2009 12:11:39 PM PDT by phormer phrog phlyer
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To: DannyTN

Oil is NOT a finite resource, and do you know why? We can MAKE kerogen, a form of crude oil, synthetically, from biomass and other organic waste, by a process called Thermal depolymerization, which is a process using superheated steam for the reduction of complex organic materials (usually waste products of various sorts, often known as biomass and plastic) into light crude oil. It mimics the natural geological processes thought to be involved in the production of fossil fuels. Under pressure and heat, long chain polymers of hydrogen, oxygen, and carbon decompose into short-chain petroleum hydrocarbons with a maximum length of around 18 carbons.

The process is simple enough - place a wet slurry of finely divided organic material in a sealed retort, heat up to anywhere from 600 to 900 degrees Fahrenheit, maintain pressure (from the superheated steam) of about two to five times normal atmospheric pressure, and after about two or three hours, the product kerogen plus somewhat saline water is ready to be sent through a condensation tower. The water separates out naturally enough, the fractions come off the kerogen as heavier Diesel fuel, kerosene, gasoline, and the lighter fractions, “LPG” (butane, propane and ethane) as the condensation is completed.

And the source of this organic material? Waste wood from sawmills, recycled lumber from housing demolitions or other construction reclamation, cull wood from forests that are pruned out of their deadwood, old newspapers, discarded mattresses, old tires, throwaway plastic bottles, slaughterhouse waste, semi-solid sewage slurry, lawn clippings, in fact, almost all the organic waste that is now being dumped in landfills or processed through sewage systems, including disposable baby diapers and used condoms. Think of it, two problems solved with a single method - increasing the amount of carbon-based fuel and reducing the solid-waste stream.

The earth itself is continuously forming more petroleum through abiotic processes, perhaps even faster than humanity could ever use it all up, as depths that border on the Mohorovicic Discontinuity, the layer between the earth’s crust and the molten interior. Vast heat, vast pressures there turn carbonate substances in the presence of water molecules into hydrocarbons, the excess oxygen taken up by silicon to form silicates. Within the structures of the earth’s crust, the supercritical volatiles seek to rise upward until they find an impervious dome to collect beneath, creating a new pool of petroleum.

Crude oil is for the most part, not even dinosaur soup at all.


43 posted on 06/19/2009 12:22:41 PM PDT by alloysteel (Never let an inanimate object know that you are in a hurry.)
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To: TLI
“You will be importing 75 percent of your oil (up from 68 percent now), and you’ll be paying $300 a barrel.” ------------------ What's with the "you'll"? I thought he was an American too.
44 posted on 06/19/2009 1:54:26 PM PDT by Joan Kerrey
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To: TLI; All

Ah yes... a prediction from the same IDIOT SAVANT that said 6 months ago that we would NEVER see oil under $100 EVER AGAIN.


45 posted on 06/19/2009 2:03:57 PM PDT by MrDem (Monthly Special: Will write OPUS's for Whiners and Crybabies for no charge.)
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To: TLI

Top ten reasons to support ANWR development

http://www.anwr.org/ANWR-Basics/Top-ten-reasons-to-support-ANWR-development.php

Obama Budget Rescinds Oil, Gas Industry Tax Breaks

http://www.nytimes.com/aponline/2009/05/07/us/politics/AP-US-Budget-Energy.html


46 posted on 06/19/2009 2:31:13 PM PDT by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: avacado

He doesn’t have to sucker us, all he has to do is sucker the politicians.


47 posted on 06/19/2009 2:41:37 PM PDT by calex59
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To: DannyTN

Your forgot, drill our own oil, the number one priority in the US right now, or it should be. Nuclear plants should be next, wind and solar should be never, at least not for the foreseeable future.


48 posted on 06/19/2009 2:43:11 PM PDT by calex59
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To: TLI

tilting at windmills again...


49 posted on 06/19/2009 2:48:18 PM PDT by linn37 (cue the circus music the democrats are back in charge)
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To: calex59

True!!!


50 posted on 06/19/2009 3:29:52 PM PDT by avacado
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To: alloysteel

And what energy source will you use to heat this slurry and how much energy will it require?


51 posted on 06/19/2009 5:41:50 PM PDT by Dusty Road
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