Posted on 07/06/2008 7:41:37 AM PDT by STARWISE
Ask him if he’s consider moving up here to Alberta. We need all the good geologists we can get.
We love banjo and fiddle, too. Yee-HAW!
Contact your Congress critters to let them know that you are tired of high gas prices.
He does love Canada and there are a couple of festivals he plays up there. Is Wintergrass up there?
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil.
Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources.
New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes. About 105 million barrels of oil were produced from the Bakken Formation by the end of 2007.
http://www.usgs.gov/newsroom/article.asp?ID=1911
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Whatever it is, it’s that much less not imported from the Middle East, and thank God for it.
If you like $5/gal, Thank Congress in Nov.
Pray for W and Our Troops
I guess that you should go there then and tell all us who are drilling there today just what it is that we’re doing wrong.
The actual production figures fall seriously short of your data. We are producing about 150 thousand barrels per day from about 1200 wells.
Maybe if we plug your numbers into those wells, they will somehow double production.
“I smiled to beat hell, and I went to town and had a beer,” Bartelson, 65, says....”
....I love it!!...good for you old farmer...we need more stories like this....so what if it doesn’t stop our foreign dependence on oil....at least it’s a start...at least somebody’s doing something more than the nay saying we’re getting from the Libs.
EOG Resources just leased some land in east Texas from my family. Wishing them continued success.
I know several people who are very busy in the oil industry - you are right though, all we are hearing is doom and gloom from the media.
Again, there are limitations to what a given field can produce before you do damage to it. The Gulf Coast has potential because there are areas that are off limits near the Florida Coast. The Louisiana district is much older and has been in a slight decline for a while now but newer methods have helped to raise those levels somewhat.
Even in a proven field, there are pockets that yield more than others. It all boils down to what you find when you drill a well. There is still a great deal of risk involved.
I think it’s in WA.
It IS Stampede Time right now in Calgary. tho!
How about the popular bumper sticker from the early ‘90’s;
“God....Please let there be another Oil Boom, I promise not to piss it away this time.....(I always loved that one)
I never saw that one but it rings true! lol
bookmark
Given that we require about 20 million barrels per day, you are correct. Not much of a stretch to throw that dart toward the barn.
Unfortunately greenie-weenies have financial backing from somewhere to have stopped the reopening of those wells.
Most of these lower producing conventional oil wells were capped back in the 90's when oil dipped to $17 / barrel.
The goobermint doesn't want the US to reopen these wells that in the lowest producing wells only have to pump 10 barrels a day to be profitable at $110/barrel.
This is a story the LSM isn't airing.
Amazing, I would love to hear the excuses for all that!! We need to keep getting the word out and sooner or later the rats will fold! They always do!
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