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Posted on 02/10/2011 11:22:08 AM PST by Weird Tolkienish Figure
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
(Excerpt) Read more at news.yahoo.com ...
Nice timing after yesterdays announcement that Saudi Arabia has about 40% less reserves than people thought they did.
We tend to forget an old adage:
“Necessity is the mother of invention.”
There’s another aspect; a lot can be done if the price is right.
Rest In Peace, old friend, your work is finished.....
If you want ON or OFF the DIESEL ”KnOcK” LIST just FReepmail me.....
This is a fairly HIGH VOLUME ping list on some days.....
How long before the EPA makes it illegal?
And because it helps the US domestic energy business and involves fracking, we can be reasonably well assured that Obama, his EPA and Interior Department will all move to try to make darn sure that this never comes to pass. It’s not “green energy”, like unicorn breath and similar Obama-approved forms.
Obama Administration Blocking 103 Gulf Drilling Permits
http://www.freerepublic.com/focus/f-news/2668165/posts
Judge Holds Interior Dept. in Contempt Over Ban
http://www.freerepublic.com/focus/f-news/2667719/posts
Brother Barry and his EPA Circus will find some way to stop this.
They will wait until a large amount of capital is sunk first.
How long will it take for the Environmental Whackos to try and shut this down?
It’s not new...and NY and Penn have already said...don’t even think about it...
Ping.
“hydraulic fracturing has been used for over 60 years in more than one million wells.” (from Wikipedia)
I guess if the reporter has never heard of something before, it must be ‘new’.
It uses hydraulic fracturing of formations; the econuts are already spreading lies about it, and have for several years.
There were several “concern trolls” on FreeRepublic, even spreading pseudo science crap.
And.... Capitalism works every time it’s tried.
It’s new, in that it’s much more adavanced and uses some sort of propant.
This same procedure has opened up gas fields in Israel. There is a Freeper who is actively involved, but I do not recall which one.
“We tend to forget an old adage:
“Necessity is the mother of invention.”
Was that ever true when Hitler during WWII made coal into gasoline for his Panzers as access to oil was blocked and South Africa during Apartheid did the same as no one wished to sell them oil.
Yep, those were necessary times to them.
It is not a recent method, fracking has been around for decades. This is just the global-warming types doing anything they can to try and block the development of this resource.
True, but that’s based on the type of extraction being used in Saudi Arabia now. What if Saudi Arabia starts to use the type of extraction mentioned in the article and/or uses pressurized gas/liquid detergent injection into wells? That could increase the Saudi reserves by 50% or more!
I guess if the reporter has never heard of something before, it must be ‘new’.
Above post made by someone that has no knowlege of oil recovery processes and thinks he is an expert because he read wikipedis ....
If it has been around for decades, why are they suddenly being able to increase production?????
Perhaps there is more to the technology than you are aware of????? Perhaps????
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