Posted on 03/28/2008 9:59:13 AM PDT by a real Sheila
Joe is the most knowledgeable one I know on this field. He has been involved there for a while.
Ping for his input.
Sorry.
Did a search on
oil, U.S. and turned up
NOTHING.
Isn’t that area known as The Bad Lands? The Libs will have to pass a law renaming it The Pristine lands.
Most of the east coast states have prohibited even looking so “who knows?” is correct.
Oil, oil everwhere,
Nor any drop to drill.
There’s over 2 trillion barrels sitting 175 miles off the gulf coast we can’t get to so there’s no way we’ll get to 500 billion dab smack on US soil.
Extraction costs become more recoverable as the per barrel price increases.
This is being hyped by $100/bbl but what will the producers do when the oil hits the market and the price goes down? Same thing they’ve down in the past, shut it in and wait for higher prices.
Dang!
Can’t they just relocate the buffalo herd to Ted Turner’s ranch in Montana? :-)
Your in-laws better watch out.
The govt will declare their farm “blighted” and take it right out from under them.
Here's the answer: repeal all gas tax, but add one: a $100/ barrel tariff on all imported oil.
I hope there are no polar bears in North Dakota.
Amen to that, seems to me we have an oil reserve up north that can't be used, just add this to the pile...
North and South Dakota, as well as eastern Montana is where this is reasoned to be.
I’ve been there. It ain’t pretty. Fact is mostly it sucks. It is depressed and could certainly use the jobs pulling oil out the ground there.
But you are probably right, if it is there the tree hugging greenpeace liberals from N.Y. and Rhode Island won’t allow us to get it.
All these negative comments will come true if we allow the libs to have their way here...I for one am tired of rolling over for these assets...
Actually, I think that a credible threat of real and massive US domestic oil exploration will cause OPEC to pump up production and drive down the price like a rock. I just don’t understand why we don’t do it.
First thing Obama or Hillary will do as president is declare it a national park/wildlife reserve.
Especially after President Hussein bans all combustible engines to solve the Global Warming problem in the first 100 days.
I wasn’t being a critic. Just pointing it out in case you might wonder why you won’t be getting a lot of posts on what is otherwise a very interesting topic.
It’s probably true, but the environmental whackos will find some reason to prevent any drilling. Any endangered mice in that area?
Just think of the CARBON! We can never use this oil! It’s for the children!
They're already starting to drill. The question is how much of the oil there is recoverable. Estimates vary widely between 1 and 50%, but remember that new technology is constantly being developed, including techniques to artificially fracture the rock. This is where the various "peak oil" theories have failed. They didn't account for the recoverable amount of oil increasing as new technology is developed.
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