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Could this be true?

fff

Well-known member
Maybe. No one knows how much oil is on the north slope of Alaska. There's speculation, but the oil companies that have drilled test wells there aren't pushing for the right to drill more. That suggests to me that they didn't find a lot of oil. It will costs billions of dollars to get in, drill, and transport oil out. Oil companies aren't going to gamble on that until they know for sure what the payoff will be. They do want to drill offshore. They know there's oil there, what it will cost to get it, transport and process it.

There are other sources of oil in the country, oil shale, for example. It can and should be developed, but the oil companies will fight tooth and nail to keep it off the market unless they own it.
 
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Anonymous

Guest
fff said:
Maybe. No one knows how much oil is on the north slope of Alaska. There's speculation, but the oil companies that have drilled test wells there aren't pushing for the right to drill more. That suggests to me that they didn't find a lot of oil. It will costs billions of dollars to get in, drill, and transport oil out. Oil companies aren't going to gamble on that until they know for sure what the payoff will be. They do want to drill offshore. They know there's oil there, what it will cost to get it, transport and process it.

There are other sources of oil in the country, oil shale, for example. It can and should be developed, but the oil companies will fight tooth and nail to keep it off the market unless they own it.

Yesterday the folks I heard on the radio were saying a range bbetween 1.9 B to 16 Billion barrels of oil.....

The Bakken find in ND and MT is bigger than that....
 

fff

Well-known member
Oldtimer said:
Yesterday the folks I heard on the radio were saying a range bbetween 1.9 B to 16 Billion barrels of oil.....

The Bakken find in ND and MT is bigger than that....

Wow. Who owns it?

Massive Oil Deposit Could Increase US reserves by 10x America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.

http://www.nextenergynews.com/news1/next-energy-news2.13s.html
 

Goodpasture

Well-known member
And the turn time for ANWR coming on line? 10 years........not exactly a time frame intended to resolve the current situation........
 

PrairieQueen

Well-known member
Goodpasture said:
And the turn time for ANWR coming on line? 10 years........not exactly a time frame intended to resolve the current situation........

but it could help solve it for our children...at least mine...they are only 3 and eight..

I have a question..why is it o.k. for every other country on this planet to drill for oil except the U.S.?
 

Larrry

Well-known member
And the turn time for ANWR coming on line? 10 years........not exactly a time frame intended to resolve the current situation........

This answer is one that really has to be one of the stupidest statements of all time.
With thinking like that nothing would ever get done.
If we start now it is better than if we wait another ten.
If the libs would have went along ewith the idea when it came up in the Clinton admin we would have had it now
 

Mike

Well-known member
Goodpasture said:
And the turn time for ANWR coming on line? 10 years........not exactly a time frame intended to resolve the current situation........

In my best Foghorn Leghorn accent..

"Sumpthin kinda Hmmmmmmmmmm about that boy" :shock:
 
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Anonymous

Guest
PrairieQueen said:
Goodpasture said:
And the turn time for ANWR coming on line? 10 years........not exactly a time frame intended to resolve the current situation........

but it could help solve it for our children...at least mine...they are only 3 and eight..

I have a question..why is it o.k. for every other country on this planet to drill for oil except the U.S.?

Yep- I agree that they should be drilling in ANWR- and in many offshore areas...But to really solve the problem we need a comprehensive longterm energy policy- and not a backroom one negotiated in secret by Cheney with the Oil executives- that they refuse to tell the American people what was discussed or who was even there- altho some has leaked out..... :( :mad: :mad:

PrairieQueen- Besides the Bakken formation- and the Williston Basin- Montana/ND has numerous natural gas fields yet untapped...A year ago many of the pumps at the wells in Montana, ND, Wyo were shut down because all the oil pipeline space had been committed to Canadian Oil :???: What was being produced was selling for $39 a barrel- because it had to be trucked- while we bought $80 Canadian oil... :???: So you tell me.....

MT/ND/WY are also sitting on enough coal to supply the United States ALL energy needs for somewhere between 600-1000 years (even accounting for rising energy/gas needs) -- but our government has put little emphasis on research and development of clean coal uses and coal gasification....
I have my own beliefs on the reason why- because it doesn't fit into the Bush/Cheney's (oilmen) allowing their oilmen elite buddies to profiteer...And Big Oil has D.C pretty well bought out- just like these bankers that are now profiteering by speculating/hoarding oil...

Currently only one candidate has brought out and is promoting development of this coal for energy----Obama.......

Bush doesn't even know what the price of gas is- and with his silver spoon background I doubt he even knows how to put it a vehicle.....
 
A

Anonymous

Guest
In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

By comparison, Saudi Arabia has the largest known oil reserves at 260 billion barrels and the part of ANWR being discussed has an estimated 1.9-16 billion barrels..

And that part of the country has laid out the red carpet for oil developers with areas like Sidney already saying they would welcome new refineries..

So what makes ANWR so dang important to the Repubs :???:
 

rookie

Well-known member
Whether or not ya wanna believe it, there be a shadow government what runs every thing what happens on this planet earth. They have for quite a while now. :shock: :shock: :shock: Yup. Fact. The sooner ya can come ta peace with that reality, the sooner ya can get ready as ya can for what be commin. :roll: :roll: :roll:
 

PrairieQueen

Well-known member
Oldtimer Currently only one candidate has brought out and is promoting development of this coal for energy----Obama....... [/quote said:
OMG, I don't know what is worse, paying $4/gallon for gas or voting for a big government liberal democrat...

I just don't see how voting in big government is going to fix the power and corruption of.... big government...
 
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Anonymous

Guest
PrairieQueen said:
Oldtimer Currently only one candidate has brought out and is promoting development of this coal for energy----Obama....... [/quote said:
OMG, I don't know what is worse, paying $4/gallon for gas or voting for a big government liberal democrat...

I just don't see how voting in big government is going to fix the power and corruption of.... big government...

-----------------------------------

Remember which party when they had full control spent money like it grew on trees- borrowing on your grandchildren- and built the largest bureaucracy of government we have ever had...

And remember of the two candidates- McCain has the engineer of the Enron Loophole law that is now allowing all this oil speculation- Phil Gramm - as his economic advisor...The same Phil Gramm that as Senator let the Enron Lobbyists write the law- which he introduced in a midnite addition to a law- and which he had to resign over after the Enron Scandal when it was shown Enron used the loophole to manipulate Californian electricity prices and profiteer by the Billions $- all at the expense of the consumer...
You have to ask--Did McCain promise Phil Gramm a cabinet post for all his work- Like Secretary of Energy :???:
 

PrairieQueen

Well-known member
I was thinking more along the lines of not voting at all - or a write in - but then I would have to be able to live with the outcome either way then, because it would still be either McCain or Obama.

This is my, and so many others, dilemma now....
 

TSR

Well-known member
PrairieQueen said:
I was thinking more along the lines of not voting at all - or a write in - but then I would have to be able to live with the outcome either way then, because it would still be either McCain or Obama.

This is my, and so many others, dilemma now....

Oh for a strong Independent that had a chance!
 

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