[HiTech RedNeck]

Loosen that tight oil

[ckilmer]

The genesis of this article is that in Core Labs earnings conference call they talked about new work in their labs that will result in recovery rates that are double or triple current rates.

Their work in the baaken and eagle ford has declined in the last couple quarters so in the very least it looks like they want more work there.

As well this may mean that they’ll enable companies in the Tuscaloosa marine shale — where they are currently getting more work — to get more oil. Same goes with the permian basin where they’re also getting more work.

May be that they learned something new recently by doing more stuff in these very different formations.

[Tennessee Nana]

Obama will build the pipeline if he has to to support his illegal aliens...

for the veterans...Butkis...

[353FMG]

Oh no, don’t!

That would annoy our muzzie “friends” in the ME.

[gov_bean_ counter]

Ping.

[piytar]

But but but Peak Oil and Global Warming and stuff!!! /libidiot

[SkyDancer]

Would have to clean house in DC first.

[rockinqsranch]

Damnocrats will fight against any improvements in Oil recovery. We must make certain they get to minority status, and kept down.

[spokeshave]

More foolish non sense from the fools...

The Green River Formation weighs in a 3 TRILLION Barrels of oil with 1 trillion recoverable with todays technology...

An American Oil Find That Holds More Than All of OPEC Nov. 13, 2012 By ALAN FARNHAM via World News

Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC.

A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."

Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels.

"In the past 100 years — in all of human history -- we have consumed 1 trillion barrels of oil. There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).

The Green River drilling is beginning as shale mining is booming in the U.S. and a report by the International Energy Agency predicts that the U.S. will become the world's largest oil producer by 2020. That flood of oil can have major implications for the U.S. economy as well as the country's foreign policy which has been based on a growing scarcity of oil

[jyro]

Remember when Bush said “drill baby drill” and Obama said it would never work?

[American Constitutionalist]

I am not sure if this question has been explored here on FR but whats the fracking world concerning fracking for oil in the oceans ?
Is it more difficult in the oceans ?
Not counting the difficulty of drilling for conventional oil deep in the oceans is the geology more difficult or more easy for fracking in the oceans ?

[upchuck]

Drill Frack here, drill frack now.

Drill Frack baby, drill frack

[867V309]

We Could Unlock More Than 267 Billion Barrels of Oil in America

This is such BS. I heard in 1969 that we would be out of oil by 1979.

[Steely Tom]

A billion barrels is about 45 days of US domestic consumption at current rate. 200 billion barrels = 200 x 45 = 9000 days, which is something like 27 years worth.

However, that domestic reserve could be used to leverage down the world price of oil for far longer than that, if managed prudently.