Posted on 06/16/2010 6:31:39 AM PDT by SeekAndFind
Most of that is tar sands and heavy oil. For those to be commercial, you need prices upward of $100, which will be sooner than later. We have about twenty years worth of supply in the US from conventional reservoirs. Plenty of natural gas, not much oil left. ANWR has a few billion barrels, the equivalent to three to five years of demand.
Oil Shale Resources
Green River Formationclick to view larger image
Location of the Green River Formation Oil Shale and Its Main Basins
While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years1.
More than 70% of the total oil shale acreage in the Green River Formation, including the richest and thickest oil shale deposits, is under federally owned and managed lands. Thus, the federal government directly controls access to the most commercially attractive portions of the oil shale resource base.
http://ostseis.anl.gov/guide/oilshale/index.cfm
LMAO! But wait....that’s the vision of the Obama administration for all of us...I stopped laughing.
...
He lives in a fairy tale world and behaves as if he is completely devoid of common sense.
The Gulf States are drowning in oil and he uses the Oral Office (Oral in his case because he has diarrhea of the mouth) to sell everyone windmills?
Yep, he's nuts!
You could quintuple and then quintuple again the output of wind and solar and it wouldn’t reduce our dependence on oil. Why? Because we use oil for transportation, not for electricity.”
Problem solved: mandate exclusive production of electric cars, and subsidize them, until they are affordable.
Just think of all the jobs that are created.
With solutions right before us like that, why can’t the Congress just do it?
(that’s sarcasm, by the way.....)
all libs live in a world where solutions without tradeoffs exist
their entire ideology is based in lies and myths
Yeah, right after I hit “Post”, I forgot to add oil shale. Do you know how many barrels of water it takes to make a barrel of oil from the Green River Shale? More than is in the Green River, that is for sure. Not to mention, basically strip-mining BLM land and reclamation. The same problem exists for methanol production - it uses huge quantities of water. As soon as the economy recovers (if ever under Obamao), oil will be over $100 a barrel and it won’t be getting any cheaper in the future.
Time will tell. The experts have been predicting oil at all sorts of prices yet it remains under $80 as of now. Much higher, though, the the economy will take another major hit. We need to take advantage of our own resources.
And Obama lives in a world where professorial airheads can creat new jobs by demanding that consumers use paper and not plastic...and the solar panel industry will pick up the slack caused by outlawing dirty factories.
And if he raises the taxes on gas guzzlers, it will generate tax revenues to give to poor union managers AND make everyone ride bicycles.
The only thing certain about Obama is that he is certifiable!
Which is why genetically engineered saltwater algae biofuels will likely replace petroleum: free and practically unlimited land, water, and sunshine. Petroleum originally comes from saltwater algae so this is not far fetched. We could replace the entire petroleum industry using only 2% of the ocean surface. This biggest problem will be preventing runaway super-algae growth. If we don't have a way to kill the super-algae we could end up with the oceans covered 20 feet deep with biofuel and the atmosphere 90% pure oxygen.
Super-algae will also be used to create Earth-like atmospheres on other planets and moons for us. Maybe algae was originally sent to Earth to prepare it for someone else.
It's mostly the hoi-polloi wanting to keep the other hoi-polloi from getting ahead. Envy is most violent towards people of the same demographic.
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