Saturday, July 26, 2008

Oil Resources in The USA

This post is a subset of a more comprehensive post
which quantifies why we should “Drill Here, Drill Now”.

Below are just A FEW of the vast resources of
oil and oil equivalents available in the USA:


USA, Mean Estimate From Oil Shale = 800 Billion Barrels
USA, Mean Estimate From Coal Liquefaction = 535 Billion Barrels
USA, Bakken Formation = “on average, 200 billion barrels” Technically Recoverable
USA, Mean Estimate From The Outer Continental Shelf = 86 Billion Barrels
USA, Mean Estimate From ANWR = 10.4 Billion Barrels
World Proven Reserves - See this spreadsheet downloaded from this page

Click the image to enlarge it:
Click the image to enlarge it
Oil Shale technology was proven on a commercial scale at least as far back as 1924.
The largest Oil Shale facility has been in commercial operation since 1980.
The guidelines exist for environmental protection in developing Oil Shale.
The ONLY remaining obstacle is the most dangerous religious cult ever.
Coal liquefaction was fully proven on a commercial scale no later than 1955.
Click here and here for more on Coal Liquefaction.

Price spikes in 2008 were a simple matter of world demand exceeding world supply.
Ethanol mandates were a giant, costly mistake!
T. Boone Pickens is peddling a DANGEROUS FANTASY!
Worried about drilling in ANWR? Click here and learn about modern drilling.
Click here for an overview of the ANWR issue.
Worried about offshore drilling? Click here for the quantitative facts.
BP Gulf spill environmental “disaster”? Click here for the quantitative facts.
Worried about air pollution? Examine this chart from this January 2008 EPA report.
Click here for the facts on Climate Change.

5 comments:

juandos said...

Yet again SBVOR you post a genuine nugget of excellent information...

Have you seen this particular task force report dated 2006?

DEVELOPMENT OF AMERICA’S STRATEGIC UNCONVENTIONAL FUELS RESOURCES

SBVOR said...

Juandos,

Thank you, my friend.

I'm not familiar with what you cited. But, I am off to explore it now. Thanks for the tip!

Eclipse Now said...

“Our engineers here project these wells out to 20-30 years of production and in my mind that has yet to be proven as viable,” wrote a geologist at Chesapeake in a March 17 e-mail to a federal energy analyst. “In fact I’m quite skeptical of it myself when you see the % decline in the first year of production.”

“In these shale gas plays no well is really economic right now,” the geologist said in a previous e-mail to the same official on March 16. “They are all losing a little money or only making a little bit of money.”

New York Times quoting a geologist working on shale gas.

Eclipse Now said...

Documents: Industry Privately Skeptical of Shale Gas

Over the past six months, The New York Times reviewed thousands of pages of documents related to shale gas, including hundreds of industry e-mails, internal agency documents and reports by analysts. A selection of these documents is included here; names and identifying information have been redacted to protect the confidentiality of sources, many of whom were not authorized by their employers to communicate with The Times.

New York Times compilation of hundreds of reports

SBVOR said...

Comrade @TheEclipsenow,

1) This is not a Shale Gas thread.

2) Shale gas is a horse which long ago left the barn (and, that’s a good thing).

Click here for some facts.

3) The Old Gray Lady (aka The New York Times) is a rapidly dying pathetic joke.

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