And of course it has DIRTY OIL.
The instant, that the progressive tools can take control of energy production, they will be pumpin’ oil like nobody’s business.
Guaranteed.
Again, Obama is caught lying to the public when he said, "we use a quarter of the world's oil, but only have 2% of the world's oil reserves".
A lot of ill informed if well meaning souls are screaming that fracking causes water pollution.
Fortunately it would seem rather easy to put that worry to rest. Tag the fracking liquid with short lived radioactive tracers, like the same kind of radioiodine used in medical procedures. Or some harmless chemical substance not found in nature. Then get samples of the water table water to check for the tracers’ presence. This doesn’t have to be done to every single well, just a randomized statistical sample of them. It ought to prove to be a definite non problem, with no water getting contaminated at all.
We have an insane government that is self serving to its very core both one and all and I fear things are going to go from bad to worst. The country is looking more and more like Germany in 1935 and if something isn’t done the citizens of this Republic are going to pay a terrible price.
It doesn’t matter to the liberals what reserves we have.
We have to stop the rising of the oceans, and allow the planet to heal. As Obama might say..................
We have to use wind and solar and ocean waves and bio fuels and geo thermal. Anything but evil nuclear and evil fossil fuels.
Remember, the liberal view is that fossil fuels are evil. And, Obama is on record as saying Republicans want dirty air and dirty water.
Q: How does One Know when Obama is LYING.
A: HIS LIPS ARE MOVING !!!
Soon to be a new national park while the only other large deposit is owned by the presidents main campaign contributor.
(or was that clinton?-lol)
Don't forget, much of the continental shelf off the eastern and west coasts of the continental USA has yet to be touched by any oil rig--and geologists estimate there may be HUGE reserves of oil sitting there. And that's not including the continental shelves off the coasts of other continents, and the fact most of Siberia has yet to be explored for oil and natural gas reserves. And finally, developments in growing oil-laden algae on a huge scale could make it a base to make all known motor fuels.
In short, the whole idea of Peak Oil--which has been pronounced as far back as 1911--is total baloney.
Reading the actual report, there are ‘challenges’
“Uncertainty about viable technologies. A significant challenge to the development of oil shale lies in the uncertainty surrounding the viability of current technologies to economically extract oil from oil shale.
To extract the oil, the rock needs to be heated to very high temperatures—ranging from about 650 to 1,000 degrees Fahrenheit — in a process known as retorting. Retorting can be accomplished primarily by two methods. One method involves mining the oil shale, bringing it to the surface, and heating it in a vessel known as a retort.
Mining oil shale and retorting it has been demonstrated in the United States and is currently done to a limited extent in Estonia, China, and Brazil. However, a commercial mining operation with surface retorts has never been developed in the United States because the oil it produces competes directly with conventional crude oil, which historically has been less expensive to produce.
The other method, known as an in-situ process, involves drilling holes into the oil shale, inserting heaters to heat the rock, and then collecting the oil as it is freed from the rock. Some in-situ technologies have been demonstrated on very small scales, but other technologies have yet to be proven, and none has been shown to be economically or environmentally viable at a commercial scale. According to some energy experts, the key to developing our country’s oil shale is the development of an in-situ process because most of the richest oil shale is buried beneath hundreds to thousands of feet of rock, making mining difficult or impossible.
In addition to these uncertainties, transporting the oil produced from oil shale to refineries may pose challenges because pipelines and major highways are not prolific in
the remote areas where the oil shale is located, and the large-scale”
Nothing, until we get a Republican President and a reasonably conservative to moderate Congress.
Actual report here:
http://science.house.gov/sites/republicans.science.house.gov/files/documents/hearings/HHRG-112-%20SY20-WState-AMittal-20120510.pdf
Ping.
bflr
The actual good news is here:
http://finance.yahoo.com/news/oil-rig-workers-nearly-100-140600665.html
Up to one half or more of it is presently recoverable using horizontal drilling and fracking technology. But one problem, almost all of it lies under federal land. IMO, we can kiss it off, for no way will the *^%$#&@! asshats in congress and this administration allow it to be developed.
Shell always said it was commercial if the price of oil got above $50 a barrel. When it went well above that, Shell started tooling up to expand their pilot operation. Thats when the government shut them down.
If there is no way for it to be commercial, then no need for the government to shut them down.
In Utah a consortium of investors were developing an operation on private land, and the government shut that down too.
The politician who took charge of shutting it down was O’s pick to head up the Department of the Interior. So thats where that stands.
There are other countries going after their oil shale, Brazil, Argentina, Jordan signed a $20 billion dollar contract with Shell to develop theirs. For what its worth, Estonia generates 100% of its electricity burning oil shale like coal. The waste goes on their road beds.
You have to be careful when you are talking about shale oil because some of it is locked up so tight in its source rock it requires heating to extract it. I believe the oil in Colorado is this sort and if so it will be very much more expensive than the shale oil being recovered in the bakken and other shale formations.
Fracking is already saving the entire U.S. economy. Watch and see.
ping