"Drill here, Drill now"!!!

[Edubya]

The United States has the resources to create its own fuel. For example, the largest domestic resource is oil shale, found in parts of Colorado, Utah, and Wyoming in the Green River Formation. According to estimates, this reserve has over a trillion barrels of oil, with 800 billion barrels fully recoverable, or three times the current oil reserves as Saudi Arabia.

Existing technology and current oil prices prove that extracting domestic oil from shale is both feasible and cost effective, but the Left is blocking attempts to take advantage of this resource.

Americans truly have a choice – a choice between the Pay More, Send More Money to Foreign Dictators and Cripple America Left and the Produce More, Enjoy More, Pay Less, Strengthen American Center-Right Majority. Make your choice by visiting: AmericanSolutions.com.

(video) A Movement that Is Catching Fire Across America > Newt.org > Featured Bloggers DB


To advocate drilling is not Republican or Democrat, it's really just common sense.

"The U.S. Congress is a major player in oil supply restriction, and OPEC nations must be laughing all the way to the bank. Congress has banned energy exploration in 85 percent of our coastal waters. Ironically, China, in conjunction with Cuba, is drilling for oil nearer to our coastline than U.S. oil companies are permitted."

[...]
"The true villain in our having to cough up $60, $70 or $80 to fill our gas tanks is the U.S. Congress caught in the grip of environmental extremists. But if reality is too difficult to swallow, we can continue to blame and support the congressional attack on oil executives, turn food into oil and think of other crackpot "solutions.""

Townhall.com:umb or Ill-Informed::By Walter E. Williams

[akhimark]

Hopefully the politicians will listen and take the actions suggested but I fear this makes too much sense to happen.

[KEVWYO]

Originally Posted by Edubya

Existing technology and current oil prices prove that extracting domestic oil from shale is both feasible and cost effective, but the Left is blocking attempts to take advantage of this resource.

Just need some clarification ... is it just now becoming cost effective to do this at around $4/gallon; $130/barrel?

Just for the sake of argument what would happen if for some reason oil retreated to around $100/barrel just as this was coming online?

[trik396]

Shale oil is oil that is imbedded in rock. It never made it underground to be heated and pressurized into crude oil. It is the basic building block of oil but was never born. The way to extract it is to basically refine it where it sits. Drill down into rock (mountain) and pump heated carbon dioxide or some other source until the rock liquifies the oil then at an adjacent location you drill and pump the crude up to ground level. It is an expensive alternative but is feasible, from what I've read at around $100 a barrel. There are trillions of barrels available in Colorado, Wyoming, etc. It'll get done, it's just a matter of when. For 50+ years all the oil companies knew about the tar sands in Alberta, Canada but it wasn't feasible to start mining until oil hit around $50 a barrel. Now we get more of our oil from Canada than Saudi. We can also get oil, diesel and gasoline from coal. We are the Saudi's of coal in this world. We have literally hundreds and hundreds of years worth of coal sitting in the ground. That's another alternative and will be done if companies are allowed to process it without the feds nightmarish stranglehold.

[AZXD]

Originally Posted by KEVWYO

Just need some clarification ... is it just now becoming cost effective to do this at around $4/gallon; $130/barrel?

Just for the sake of argument what would happen if for some reason oil retreated to around $100/barrel just as this was coming online?

That's the problem with trying to rationalize the exploitation of America.
It's not about how much a barrel of oil costs. It's about reducing and ultimately eliminating our dependency on foreign oil, and the blackmailing of the country.

ETA: PetroDollar Warfare!
I've mentioned it many times. We can continue to watch the destabilization of our currency as we pay the pusher, or we can take control and feed our own addiction.

The basis of crude oil exchanges being done via the U.S. Dollar made sense when we produced an excess and exported it. Now it is a leverage point that if removed would cause our economy to plummet further.

It's not about cost .... It's about return on investment.
Remain tied to others, or eventually be able to support ourselves.
Is it worth it ???
IMO, YES!

[FrankRizzoXD40]

Originally Posted by AZXD

It's not about how much a barrel of oil costs. It's about reducing and ultimately eliminating our dependency on foreign oil, and the blackmailing of the country.

+1

It's not too hard to understand that producing more of our own energy makes sense, even if the price of oil did retreat. And it probably would, if it looked like we were serious about actually drilling for our own. OPEC would most likely increase production (which would lower prices) in order to stop us from abandoning them. If we stopped buying oil from them, they wouldn't be in good shape.

It's time to stop being held hostage by foreign sources of energy, just to appease the radical green movement.

Frank

[Edubya]

We don't have to use our food for gas!
Pay particular attention to the last statement

Untitled Document

[wombat13]

IIRC, the Chinese are just bringing online a coal-to-oil conversion plant that will produced oil at a cost of about $55/bbl. If the gubmint really wants to lower prices, why not greenlight a similar plant and provide a guarantee that for X years, the gubmint will purchase the oil at $55/bbl? That is a subsidy I could live with.

There are others on this forum that are much more knowledgeable than I am on this subject (Powerman and brickboy come to mind). Perhaps they will chime in.

[KEVWYO]

Having been raised in Wyoming I've known about the shale since I was old enough to ask my Dad what it was. I didn't realize that around $50/barrel was the approximate break point that made it feasible. I also didn't know that we were getting most of our imported oil from Canada. I'd appreciate a link just for my own edification ... not doubting you ... just would like to see where all our imports are coming from.

I heard a news story the other day that gas could rise at even greater rates if another hurricane hit the NO area because of some terminals and refineries in the area. If we are getting so much oil from Canada then why would another hurricane hit on LA be such a big issue in so far as gas prices are concerned?

Originally Posted by trik396

Shale oil is oil that is imbedded in rock. It never made it underground to be heated and pressurized into crude oil. It is the basic building block of oil but was never born. The way to extract it is to basically refine it where it sits. Drill down into rock (mountain) and pump heated carbon dioxide or some other source until the rock liquifies the oil then at an adjacent location you drill and pump the crude up to ground level. It is an expensive alternative but is feasible, from what I've read at around $100 a barrel. There are trillions of barrels available in Colorado, Wyoming, etc. It'll get done, it's just a matter of when. For 50+ years all the oil companies knew about the tar sands in Alberta, Canada but it wasn't feasible to start mining until oil hit around $50 a barrel. Now we get more of our oil from Canada than Saudi. We can also get oil, diesel and gasoline from coal. We are the Saudi's of coal in this world. We have literally hundreds and hundreds of years worth of coal sitting in the ground. That's another alternative and will be done if companies are allowed to process it without the feds nightmarish stranglehold.

[XDConvert9mm]

Originally Posted by KEVWYO

Having been raised in Wyoming I've known about the shale since I was old enough to ask my Dad what it was. I didn't realize that around $50/barrel was the approximate break point that made it feasible. I also didn't know that we were getting most of our imported oil from Canada. I'd appreciate a link just for my own edification ... not doubting you ... just would like to see where all our imports are coming from.

I heard a news story the other day that gas could rise at even greater rates if another hurricane hit the NO area because of some terminals and refineries in the area. If we are getting so much oil from Canada then why would another hurricane hit on LA be such a big issue in so far as gas prices are concerned?

Because we get raw crude from other countries. Many of the refineries to turn the Oil to gas are in the area mentioned. If they get shut down then we wind up with a refining capacity problem and a lack of gasoline supply.