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Originally posted by Chris McGee
The original article says 175 to 500 billion barrels of recoverable oil but the USGS report says 3 to 4.3 billion barrels of recoverable oil. That's a hell of a discrepancy, what's going on?
Originally posted by The Godfather of Conspira
BEEEEEEP!
Hate to rain on the parade here, but I have to call a BS ALERT on this article.
North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
www.usgs.gov...
That is NOWHERE NEAR the claimed amount of 175 to 500 billion barrels of recoverable oil.
That's just friggin' laughable..
That would mean this one field contains more Oil than the rest of the known Oil reserves in the world combined.
That's a little hard to swallow.
Considering the largest proven oil field in the world is Saudi Arabia's Ghawar with 71 billion barrels, 175 billion would surpass it by miles.
Somebody's crying wolf here.
Just thought I'd put things into perspective for a second since everyone seemed to be overlooking the scale of claim.
A field that big and America would not only never need to import oil, but it would start exporting it too and become the world's largest Oil Producer.
HA! The Republicans wish. Keep fishing in Iraq boys!
With current technology about 10% of these deposits, or about 170 billion barrels (27×109 m3) are considered to be economically recoverable
Originally posted by screamo
And why don't we tap into Alaska's supposed oil depoit i keep hearing about?
Because liberals say we can't.
Thats the only reason.
Originally posted by Essan
there's still the problem of insufficent refining capacity. Doesn't matter how much raw material you have available if you can't produce the finished product any quicker.
To avoid the pain at the pump, Gregg Losh decided to build his own. Now he says the well in his suburban Indiana backyard is producing up to three barrels per day.
Originally posted by Blaine91555
Originally posted by Essan
there's still the problem of insufficent refining capacity. Doesn't matter how much raw material you have available if you can't produce the finished product any quicker.
The only explanation I can see is that we really are trying to use up everyone else's oil first as part of a secret long term plan.
Originally posted by SIRR1
You must understand the plan!
First we will suck the world dry of oil, OPEC, Europe, Asia.
We will then tap into our massive reserves off of our coasts, in the Great Plains and Alaska and then hold the world over a barrel.
Hahahahahahahahaha
God I love this Country!
Originally posted by jerico65
Originally posted by Solarskye
But what about the wildlife in North Dakota and the people living there? What about the air and the fifth the oil would bring to the state? What about living green and keeping our beautiful country beautiful? What about that
The eco-weenies always complain about accidents and spills when it comes to drilling, etc.
The problem is that they are basing it all on older refineries, etc from the past. Nowadays, they would have better equipment that would do a cleaner job.
Too bad that they still would worry abou the three toed newt or something. I love how something like that takes priority over everyone else in the US.
Originally posted by VitriolAndAngst
#1 The Anwar drilling, would provide less than 1% of our yearly oil needs -- if it were actually low-sulfur oil. At best it is an export that would take more than 10 years to develop.
#2 This isn't anti-business, it is anti-corrupt-business. There is a difference in my mind. And companies can make money, pay a decent wage, and not pollute -- ONLY if other companies are forced to do the same. Government can interfere with business with bad regulation, or just raise the bar on standards and promote FAIR competition. If there are no standards -- then the PUBLIC loses.
#3 This "new" oil source will be drilled as soon as the price per barrel makes it economical. That means -- it won't lower the price of fuel, just stabilize it at a new high.
#4 This same process affects Gold and other precious metals. There are lots of known deposits, but the amount of processing to get it has varying degrees of expense. So, as the price of gold goes up, mines that were closed now become profitable again, and this restricts the top ceiling for gold.
#5 Likely, oil companies will not drill in this "new" field because, alternative energy may replace oil by then. Why invest 10 years and lots of money on refineries if you see the writing on the wall?
#6 Just take a look at Iceland, which was once the 24th economy in Europe and now is #4 -- based mostly on having a NO IMPORT energy policy.
Originally posted by ironman433
Originally posted by Bunch
The issue with drilling in this area and the oil shale of Colorado is that is not cost effective.
Like other people have said this has only come back to life because oil prices are soaring and its only now that is becoming a viable option. Any kind of annoucement to star drilling in these two areas combined with declining demand and people changin their habits would certainly lower the prices of oil to the range in which these two projects would become once again not cost effective, and you should probably add to that that OPEC would make sure that they saturate the market with oil just to make sure this would not happen.
Oil is the past, get rid of it.
thank god we have a winner .
finally someone who doesn't have their head stuck up their . oil IS the past and we need to move on guys . this is a roller coaster ride that we've seen already . how many times do you need to get bent over and have it busted off in you before you take a different path .we need to move on to an energy that we can't keep being hijacked by other country's over . and basically our politicians are no longer our team and they fall under the same category as the saudi's and the Venezuelans " another country ".when it comes to the all mighty dollar they " our politicians " are only here to rape us of every penny they can get out of us AND ALL of our rights . so if you think that they or the oil companies want to help you and your family's plight your kidding yourself . all that is being done is to try and quite the uprising attitude of the people here in the us before we rebel and they don't get to keep our hard earned money any more.
Originally posted by LiquidMirage
Originally posted by screamo
And why don't we tap into Alaska's supposed oil depoit i keep hearing about?
Because liberals say we can't.
Thats the only reason.
You are correct about the eco-nazis.
It should be ok to drill anywhere within the U.S. and it's waters.