New drilling method opens vast oil fields in US

New drilling method opens vast oil fields in US

news.yahoo.com

A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.

Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day — more than the entire Gulf of Mexico produces now.

(visit the link for the full news article)

As the rest of the planet peaks oil production in the next ten years, people will see US oil production begin to radically change. Current projections show the US in 2020 producing the majority of its own oil and most of the imports coming from Canada.

Many people don't know how much oil North America still has, but based on current research North America actually has enough oil, tar sand, and oil shale to fuel the entire earth at current consumption rates for centuries.

Apparently we are waiting for the rest of the planet to run out before we really tap most of ours. By 2030, the US and Canada will have an oil cartel that will drive OPEC out of business and will dominate global markets. The only real competition will be in Venezuela, but I would bet they will also be part of the American oil cartel.

news.yahoo.com
(visit the link for the full news article)

Question is: Should we still be using oil as a main source of energy?

No matter your political ideology, faith, or general mindset, every indication from mother nature and the general usefulness of the product should indicate no. Drilling more is not the answer. It never was...

B..but...but...If we drill for and acquire our own substantial oil supply, we won't be a weaker nation!! The capitalists will win AGAIN!!

If we are independent from the arabs, we might be able to retain the unilateral economic and military force that we had when we were the world's super power! Folks might actually reject the "green" economy crap that we've been trying to shove down the american peoples' throats for the last 20 years!!

We won't be able to cram the cryptofascist style that we have longed for that would allow us to control every aspect of peoples' lives from birth to death!

Noooooo!!!! We can't let this happen!!!! Arrrraggghhhh!!!!

reply to post by MikeboydUS


Hold on.. hold on let me put on my surprised hat! Do I look surprised? No?

I actually am a little surprised this being reported so clearly in MSM so early. I had always assumed the plan was to drain oil resources from the remainder of the world as much as possible and then create a US dominated economic stranglehold where we would be able to better dictate world policy.I mean it makes sense, its smart, and if you want to dominate world policy this is a good way to do it.

They always say "No war for oil" I'm afraid oil is one of the few things that any country will be willing to go to war for... Everything is just rhetoric to get the common folk to agree. I guess what I'm saying is the US has recognized for a long long time the importance of the worlds oil supply and this just makes sense.

Hahahaha! If this was all a game to completely bankrupt, demoralize, destabilize, and send the rest of the world into chaos and turmoil, I'd have to applaud the capitalist scum running this show and say "Well played."

If not, well, we are back to square one.

I believe oil will remain a scarcity and method of control for sometime. However I will be keeping a hopeful eye on this.

They found reserves under Colorado that has more light sweet crude than the entire middle east. If they wanted to open the tap they could quite quickly and easily.

Originally posted by TheOneElectric
Question is: Should we still be using oil as a main source of energy?

No matter your political ideology, faith, or general mindset, every indication from mother nature and the general usefulness of the product should indicate no. Drilling more is not the answer. It never was...

We should look at more alternative fuels and we are doing that. I would bet by 2030, when an American oil cartel dominates global markets, that most of North America uses alternative fuels. The rest of the globe would not though, especially in Asia. This would make most of the earth dependent on the US and Canada for energy.

There are geopolitical reasons driving this, not ecological ones.

Before you get too excited by fracking...maybe you should watch this: www.youtube.com...

What will we all drink? Not to mention that fracking in Wyoming near Yellowstone seems like an extraordinarily bad idea.

NO FRACKING!

Nice. Now how soon before the government puts a moratorium on this type of drilling?

Oil prices rise, expensive methods for extracting it get economic - who'd a thunk it??!!

reply to post by MikeboydUS


You are exactly right. The USA has vast amounts of oil and plan on holding on to it as long as there is cheap oil to get elsewhere.

I spoke to an oil excutive about this a few years ago when they started talking about running out of oil. The guy laughed it off and said that in the future the USA will be the leading oil producer/exporter in the world.

Drain the rest of the world of oil and then start using our own. It's an evil yet brilliant plan.

In the very near future will no longer need oil or other fossil fuels or even nuclear energy which is a good thing as they are causing far too much environmental damage and pollution.

There are loads of clean safe energies out there to be utilised such as wind , solar , wave ,tidal and geo thermal energy that could power the Earth right now if proper investment was made to the worlds power generating infrastructure.

More importantly, scientists in Italy have developed cold fusion which could power the entire planet with zero pollution or environmental damage. This has been described as a moment as important as the discovery of fire or the invention of the wheel by trends analyst Gerald Celente!

Google Pure Energy Systems.

Oil is a dinosaur. Time to move forward and consign it's era as our main power source to the history books.

Originally posted by Stopterrystops
Nice. Now how soon before the government puts a moratorium on this type of drilling?

Already done in areas where aquifers are in easily fractured rock

2 million barrels a day?

That's not even a drop in the Niagara falls of oil consumption which is only growing bigger every year as more and more people are born thanks to... Oil.

Sorry to burst your bubble of optimism here but this is barely going to change anything let alone keep the machine running. Say goodbye to your infinite growth and suck it up

really hope that america will be able to lead the way in renewable and efficient energy sources that will stem the dependence on foreign oil. that being said, i got abit giddy thinking that america could lead the way by destabilizing the oil prices that opec sets. can you imagine how much true power opec would actually have if the price per barrel goes to 20? not in the habit of smirking at other countries' demise, but one can hope.
sorry, that must have been the evil me talking/thinking.

Originally posted by ReluctantBlossom
Before you get too excited by fracking...maybe you should watch this: www.youtube.com...

What will we all drink? Not to mention that fracking in Wyoming near Yellowstone seems like an extraordinarily bad idea.

NO FRACKING!

First off, this aint hydraulic fracturing dingletard. Secondly, hydraulic fracturing isnt the boogeyman its been made out to be, despite what youtube says.

There is alot of oil in shale. In the US alone, we have something on the order of 1.5 trillion recoverable barrels of shale. No one has seriously considered going after it because it costs a lot of money to extract and resource extraction is driven by economics .. nothing else. If oil continues to remain high, then yes, this will be developed and will impact the global energy market significantly.

While cars may not use gas in 20 years, trucks, trains, planes and ships sure will.

Originally posted by Stopterrystops
Nice. Now how soon before the government puts a moratorium on this type of drilling?

Well,
If you read the article, they are letting the Chinese get in on the action.
I think the long term plan may be to trade oil to the Chinese and in return we will get back our worthless dollars which will help to reduce the value of the dollar even more here in the US as no one will be holding any but the US and the fed will still be printing by the trillion to cover the next generation of failed banks and car companies.
Since the oil will all be shipped to China to fuel their ever growing industrial revolution we will still pay top dollar for oil here which should make the "anti-affordable oil" members here happy. And since China will be pumping out more pollution in the next twenty years than the US and Europe have pumped out in the last 200 years we will responsibly spend hundreds of trillions of useless dollars out of guilt to offset their pollution by at least 1.5%. This should make the green lobby happy, the middle class disappear and guarantee a totally useless dollar that will be changed to the Amero and put on the international market at a rate of 1000 to one versus the yuan.

When Americans can't afford to buy a sandwich or toilet paper they will finally turn to socialism and the citizens of the US can look forward to tearing down a wall and finding glastnos somewhere around 2085.

Thank you very much. I also prognosticate for weddings and Bar Mitzvah's.
Don't forget to tip your waitress.
Good night.
.

reply to post by ReluctantBlossom


For the amount of money and power we're talking about here do you honestly think TPTB gives a darn about the health or the people unfortunate to live close enough to be effected?

This isn't chump change or a minor power coup. If pulled of correctly this is absolute power and money beyond measure. Meaning in short; they don't care about your water.

There are some issues with this method, known as hydraulic fracturing, or fracking. The main problem is the resulting contamination of groundwater by natural gas. The fracturing can also cause the surface to sag from the collapse of the rock beds. Seismic events up to 3.0 on the Richter scale have also been recorded from fracking.