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Obama administration cuts back oil shale development
fox ^ | 6-22-13 | Kelly David Burke

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 ...


TOPICS: Business/Economy; Government; News/Current Events; US: Colorado; US: Utah; US: Wyoming
KEYWORDS: blm; colorado; energy; federalland; landmanagement; obamaloon; oil; shale; utah; wyoming
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To: FirstFlaBn

Journalism school teaches spelling not math.


21 posted on 06/22/2013 6:41:18 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: spokeshave

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).[11][12][13][14][15] 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

http://en.wikipedia.org/wiki/Green_River_Formation


22 posted on 06/22/2013 6:45:23 AM PDT by saganite (What happens to taglines? Is there a termination date?)
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To: thackney

Care to weigh in?


23 posted on 06/22/2013 6:46:46 AM PDT by sauropod (Fat Bottomed Girl: "What difference, at this point, does it make?")
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To: TurboZamboni

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.


24 posted on 06/22/2013 6:48:36 AM PDT by txrefugee
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To: TurboZamboni

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.

Freedom.

Stop the leviathan government from destroying our nation.


25 posted on 06/22/2013 6:55:32 AM PDT by Titus-Maximus (Light from Light)
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To: FirstFlaBn

“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.


26 posted on 06/22/2013 7:05:36 AM PDT by RouxStir (No peein' allowed in the gene pool.)
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To: carriage_hill
conservatives be damned

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.

27 posted on 06/22/2013 7:06:34 AM PDT by grania
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To: RouxStir

“they are espouse”

...obviously I had an incompetent English teacher.


28 posted on 06/22/2013 7:07:41 AM PDT by RouxStir (No peein' allowed in the gene pool.)
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To: TurboZamboni
Inexpensive abundant energy is the key to growth in a modern society. Every good and service we use, even to the delivery of the electrons that bring you this post, has an energy component. Cheap energy, in all its forms makes all goods and services cheaper, raising the standard of living for everyone. Cheaper energy also provides a huge competitive advantage for any country that is willing to take advantage of it.

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.

29 posted on 06/22/2013 7:07:56 AM PDT by Former Proud Canadian (The IRS--a softer Gestapo)
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To: saganite
In-Place Oil Shale Resources Examined by Grade in the Major Basins of the Green River Formation, Colorado, Utah, and Wyoming

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/

30 posted on 06/22/2013 7:29:41 AM PDT by spokeshave
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To: TurboZamboni

Just like when Clinton locked up the coal.


31 posted on 06/22/2013 7:33:42 AM PDT by headstamp 2 (What would Scooby do?)
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To: TurboZamboni

Not surprised. The mineral rights are already gone because the are collateral for all the money we are borrowing.


32 posted on 06/22/2013 7:34:13 AM PDT by moviefan8
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To: spokeshave; saganite

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.

More info at:
http://www.shell.us/aboutshell/projects-locations/mahogany/technology.html

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.


33 posted on 06/22/2013 11:14:26 AM PDT by thackney (life is fragile, handle with prayer)
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To: sauropod

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.


34 posted on 06/22/2013 11:19:08 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

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.


35 posted on 06/22/2013 12:10:06 PM PDT by saganite (What happens to taglines? Is there a termination date?)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

thanks TurboZamboni.

Obama is the OPEC President - Marita Noon - Townhall Finance ...
http://finance.townhall.com/columnists/maritanoon/.../obama...opec.../full

Obama Takes the OPEC Line on Oil Prices - The Source - WSJ
http://blogs.wsj.com/source/.../obama-takes-the-opec-line-on-oil-prices/

Obama Covers for OPEC | National Review Online
http://www.nationalreview.com/articles/.../obama-covers-opec-robert-zubrin

The calamity of Keystone: Obama chooses OPEC oil over Canadian Oil Shale
http://conservative-outlooks.com/.../the-calamity-of-keystone-obama-chooses-opec-oil-over-canadian-oil/

Trump: OPEC ‘Salivating’ Over Obama Drilling Bans - Newsmax.com
http://www.newsmax.com/InsideCover/trump-opec-oil-japan/.../389569

Obama Pressuring OPEC Dissenters, Crude Oil Prices Could Lower ...
http://seekingalpha.com/.../276999-obama-pressuring-opec-dissenters-crude-oil-prices-could-lower

OPEC – OBAMA POLITICAL ELECTION COMMITTEE! | A ...
http://cb75948.wordpress.com/.../opec-obama-political-election-committee/

‘Obama’s in bed with OPEC’ – Trump | The Radio Patriot
http://radiopatriot.wordpress.com/2011/.../obamas-in-bed-with-opec-trump/


36 posted on 06/22/2013 5:24:18 PM PDT by SunkenCiv (McCain or Romney would have been worse, if you're a dumb ass.)
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To: saganite

oil shale versus shale oil


37 posted on 06/23/2013 5:27:25 AM PDT by thackney (life is fragile, handle with prayer)
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To: sgtyork
There might new technologies found tomorrow which would make this area profitable but its now off-limits.

It is profitable now with current technology.

38 posted on 06/23/2013 5:28:54 AM PDT by thackney (life is fragile, handle with prayer)
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