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Massive Oil Deposit Could Increase US reserves by 10x
Next Energy News ^ | 2-13-08 | unknown

Posted on 03/28/2008 9:59:13 AM PDT by a real Sheila

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To: paleorite

“there”, not “their”. =/


121 posted on 03/28/2008 11:07:36 AM PDT by paleorite ("Oy vey, Skippa-San" The immortal words of Fuji, formerly America's favorite POW.)
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To: caisson71

I wouldn’t be against drilling everything we have. I just want to see oil have a real competitor.


122 posted on 03/28/2008 11:07:38 AM PDT by mysterio
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To: a real Sheila

Do we get to keep it here in the USA or does it go on the world market


123 posted on 03/28/2008 11:09:16 AM PDT by uncbob
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To: San Jacinto
“Jihad” would dry up within 5 years if the money flow stopped.

Don't get your hopes up. We buy most of our oil from Canada and Mexico, anyway. The Chinese and Indians will be buying all that Middle Eastern oil. The Saudis probably wouldn't even miss our not buying any.

124 posted on 03/28/2008 11:11:18 AM PDT by SuziQ
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To: thackney

Would it be available in time to mitigate another oil shock if we found it necessary to attack Iran? And would it be enough? Refinery capacity takes years. What are the capacities of the Utah refineries and is it possible to get it there?


125 posted on 03/28/2008 11:14:00 AM PDT by MARTIAL MONK (I'm waiting for the POP!)
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To: paleorite
Sometimes it becomes a battle of attrition, and your goal is to cause your enemy to consume his resources more quickly than you consume yours. And it might take a while. But when your enemy offers to sell you some of his ammunition - which you know he has a limited supply of - buy it.

(This was part of Reagan's strategy in waging the Cold War: Obsolete Russia's existing military, and make them consume their treasury trying to keep up with us.)

If it weren't for oil, would the Mideast warrant any greater concern than, say, Cuba? When the oil dries up over there, they can return to their nostalgic and beloved horseback-and-scimitar raiding parties in the sandbox.
126 posted on 03/28/2008 11:18:30 AM PDT by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: kcm.org

I think you’re thinking of the coal that x42 locked up by declaring the area a National Park or Reserve, or something. The Clintons don’t own it; it’s a government owned property, but x42 did it to bolster his Indonesian buddy, who owned the next largest deposit of that coal, and for which the Utah deposit would have been a direct competitor.


127 posted on 03/28/2008 11:19:44 AM PDT by SuziQ
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To: tobyhill

Who are these damn green idiots and who are they to stop drilling in the US. We should get names and start badgering them like they badger our troops and anyone else that has one more brain cell then them! We should go ahead and drill and if they lay on the highways to stop us we should just roll over them and consider it a good day!


128 posted on 03/28/2008 11:22:03 AM PDT by Bitsy
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To: alice_in_bubbaland

Oil reserves are like potential. Useless unless you ese them.


129 posted on 03/28/2008 11:26:11 AM PDT by Republic of Texas (Socialism Always Fails)
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To: Proud_USA_Republican

“First thing Obama or Hillary will do as president is declare it a national park/wildlife reserve.”

Bill Clinton declared a national monument in Utah. This put a whole bunch of coal off-line and made a fortune for his buddy Riady.


130 posted on 03/28/2008 11:26:26 AM PDT by Tymesup
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To: SuziQ
We buy most of our oil from Canada and Mexico

Not true. Canada is our biggest individual supplier, Saudi Arabia is next. Mexico is third. OPEC is a much bigger supplier to the US than Canada and Mexico combined.

U.S. Crude Oil Imports by Country of Origin
http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbblpd_a.htm

131 posted on 03/28/2008 11:27:16 AM PDT by thackney (life is fragile, handle with prayer)
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To: a real Sheila
Still got to get it out of the ground, and that aint going to happen anytime soon with Democrats in control, and with “Green Think” now infiltrating even the Republican party.
132 posted on 03/28/2008 11:28:50 AM PDT by NavyCanDo
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To: a real Sheila
Great, now we actually have something to sell the Chinese that they might buy...with all of our money.

Anybody know what interest we actually owe them currently on their securities and notes they hold?

133 posted on 03/28/2008 11:29:25 AM PDT by Paul Ross (Ronald Reagan-1987:"We are always willing to be trade partners but never trade patsies.")
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To: Bitsy
I like the way you think.
134 posted on 03/28/2008 11:31:52 AM PDT by ANGGAPO (LayteGulf BeachClub)
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To: SuziQ

That’s true, but if really huge new sources were developed outside of OPEC, the law of supply and demand dictates the price would drop.


135 posted on 03/28/2008 11:33:10 AM PDT by San Jacinto
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To: MARTIAL MONK
Would it be available in time to mitigate another oil shock if we found it necessary to attack Iran? And would it be enough?

We import no oil from Iran. However, upsetting Iran exports would effect world markets as those currently receiving their oil would try to buy others. Iran exports 2.5 MMBPD. I don't know that North Dakota will ever hit that rate. They certainly won't in the next decade.

Refinery capacity takes years. What are the capacities of the Utah refineries

Utah has less than 1% of our nations refining capacity. I suspect it has 0% spare capacity at this time.

and is it possible to get it there?

Possible to move a little that dirrection but there is very little spare capacity and no benefit if it did get there. Utah is not a supplier to the rest of the US of refined products. You need to replace any oil that was displaced, like from the West and Gulf coast.

http://images.pennnet.com/mapsearch/crude_pipe.jpg

http://images.pennnet.com/mapsearch/ref_pipe.jpg

136 posted on 03/28/2008 11:37:13 AM PDT by thackney (life is fragile, handle with prayer)
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To: Hazwaste
[ The Swahili Bucktoothed Titmouse! ]

The lead singer in Rev. Wrights Church?..
Translation from Arabic of course..

137 posted on 03/28/2008 11:37:29 AM PDT by hosepipe (CAUTION: This propaganda is laced with hyperbole....)
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To: a real Sheila
Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

You know about 40 nuclear reactors would do this as well. You'd think that some governor in SD / ND or Montana would want to collect a boatload of free taxes by allowing some of the states most useless land to be used to host all of these as well.

138 posted on 03/28/2008 11:38:01 AM PDT by Centurion2000 (su - | echo "All your " | chown -740 us ./base | kill -9 | cd / | rm -r | echo "belong to us")
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To: a real Sheila

Liberals won’t let anyone get anywhere near this oil because they WANT us to be slaves to the rest of the world. They think we deserved to be punished.


139 posted on 03/28/2008 11:45:39 AM PDT by navyguy (Some days you are the pigeon, some days you are the statue.)
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To: tobyhill

ND and SD are in the 8th circuit, fortunately. Montana is in the 9th.


140 posted on 03/28/2008 11:45:46 AM PDT by SAJ
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