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OIL in the usa - pretty interesting data..

It must be a scam. I work with Anadarko, Aspect Energy, Hamilton Oil, Trinity Petro, ect and have not come across this info. Im not trying to name drop but it seems odd working in Colorado with these companies and not stumbling onto this.
 
That first article looks like a ploy to get people to invest in stocks. Oil shale has never been this "big government secret". It has always been known about just not econimical / feasable to produce in large quantities. It costs around $30 a barrel to make and until shell started its experiminting in north western colorado there was no method to extract it in large quanties without actually mining it like the tar sands. Havn't heard yet how the experiment turned out but I hope that the freezing and heating of certain wells works great.
 
couple facts from other sources...can list the sources if necessary...

Core fact, our issue is not oil availability...we have SELF imposed limitations, Congress has refused to via moratoriam stopped all oil exploration off our coasts and in numerous continental and Alaskan areas...

Conservatively 3-4 BILLION barrels in ND, MT area....slight mistake, this is 25X the amount they estimated in 1995 (oops)



Another Oops... "there is more oil and gas in the Middle East and in the offshore areas of western Africa and eastern South America than previously reported...Reserve growth estimates nearly equal those of undiscovered resources."
is a short but good read...that lets you draw one conclusion...there is WAY more than we really know about...


Ooops more in areas we didnt think had much...Seeing a trend?

ooosp Saudis say reserves are DOUBLE previous estimates...


I could go on, but it is boring...and this is not even really a debatable subject (that we are short on oil, welcome a to media induced problem)
And we have cut production in teh US...we need to IMMEDIATELY start building refineries...and STOP shipping this overseas!!!! we are 25% lower in gas refining than 20 years ago...
 
you can't throw a rock out here with out hitting a oil rig, drilling and capping everywhere:confused:
 
we are 25% lower in gas refining than 20 years ago...

good post and interesting info

I am curious where you got the 25% came from and what that is in respect to. Is it oil refining capacity, or is it the amount of oil that has been refined? Slight difference but if capacity has stayed the same (I thought that was true), but the amount has dropped, then I would be wondering why we aren't refining more? Or were you talking about nat. gas?
 
There's a Shell research and development on the west slope that I drive by on the way to work some times.

I don't think it's even operating anymore.

They've known about the oil shale there for years, and they've proven that they CAN extract oil from the shale.

What that article completley failed to mention is why the whole oil shale thing has all but come to a grinding hault (at least to my knowledge).

Oil shale, a fine-grained sedimentary rock, contains significant amounts of kerogen (a solid mixture of organic chemical compounds), from which one can extract liquid hydrocarbons. The name oil shale has been described as a promotional misnomer, since the rock is not necessarily a shale and its kerogen is not crude oil; it requires more processing than crude oil, which affects its economic viability as a crude oil substitute.[1][2] Deposits of oil shale are located around the world, including major deposits in the United States. Global deposits are estimated as equivalent to 2.8 trillion to 3.3 trillion barrels (450×109 to 520×109 m3) of recoverable oil.[2][3][4][5]

The chemical process of pyrolysis can convert the kerogen in oil shale into synthetic crude oil. When heated to a sufficiently high temperature a vapor is driven off which can be distilled (retorted) to yield a petroleum-like shale oil—a form of non-conventional oil—and combustible shale gas (shale gas can also refer to gas occurring naturally in shales). Oil shale can also be burnt directly as a low-grade fuel for power generation and heating purposes, and can be used as a raw material in the chemical and construction materials industries.[6][2]

Oil shale has gained attention as an energy resource as the price of conventional sources of petroleum has risen, and as a way for some areas to secure independence from external suppliers of energy.[7][8] The oil shale industry is well-established in Estonia, China, and Brazil, and the United States is taking steps in that direction. At the same time oil shale mining and processing involves a number of environmental issues, such as land use, waste disposal, water use and waste water management, and air pollution.[9][10] The industry has foundered in Australia due to its opposition on these grounds.

http://en.wikipedia.org/wiki/Oil_shale

That's pretty much what has happened here in the US too. Extracting the oil shale requires an enormous amount of water. This water is effectivley super heated and injected down hole to heat the shale and produce this 'vapor', at least to my understanding of it ... you're sort of "steaming" the oil shale out of the sedimentary rock...

The problem lies with disposing of this vast amount of water that has effectivley been tainted by the various chemicals you would have to use in conjunction with this process .... While it's perhaps possible to treat this water for whatever contaminants it has, it's not been proven economical on the scale that would be needed to make oil shale a viable source ...

From my understanding, the bottom line is they have not found a way to dispose of, or treat all the wastewater this process ultimatley generates ..

If they can solve that problem then we'll probably see this become economically viable, but until that hurdle is overcome don't expect this to become "the next oil boom"

I'm sure there are some other guys on here who probably know more about this than I do, but I used to (still do some times) drive by that Shell research lab out by Piance Creek a lot, and I've never even so much as seen a car parked there ....
 
good post and interesting info

I am curious where you got the 25% came from and what that is in respect to. Is it oil refining capacity, or is it the amount of oil that has been refined? Slight difference but if capacity has stayed the same (I thought that was true), but the amount has dropped, then I would be wondering why we aren't refining more? Or were you talking about nat. gas?

Here is quote and link...

"U.S. refining capacity, as measured by daily processing capacity of crude oil distillation units alone, has appeared relatively stable in recent years, at about 16 million barrels per day of operable capacity (graph). While the level is a reduction from the capacity of twenty years ago, the first refineries that were shut down as demand fell in the early 1980's were those that had little downstream processing capability. Limited to simple distillation, these small facilities were only economically viable while receiving subsidies under the Federal price control system that ended in 1981. Some additional refineries were shut down in the late 1980's and during the 1990's, always, of course, those at the least profitable end of a company's asset portfolio. At the same time, refiners improved the efficiency of the crude oil distillation units that remained in service by "debottlenecking" to improve the flow and to match capacity among different units and by turning more and more to computer control of the processing. " Here is the chart they refer to...

We have not built a new refinery in over 20 years...that there is one of our BIGGEST issues!!!!

we coudl EASILY be energy independent but our left wing whackos previously won the battle, but the war is NOT over if we step up and fight this issue!!!!
 
What that article completley failed to mention is why the whole oil shale thing has all but come to a grinding hault (at least to my knowledge).

Oil Shale is but only one part of the oil issue...the ND/MT site, is now available due to lateral drilling techniques...said simply, the reason in a large percentage of the oil estimates...is due to a new technique taht allows them to tap more shallow oil wells...

think in terms of they used to only look for oil in the deep ind of the pool, now with lateral drilling they can tap into the kiddie pool depths...

obviously said in simple words and others could get technical but the point is simple...

there is a LOT more oil, available to us than we once thought...and WAY more in the US and Canada than we thought...
 
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