Friday, March 21, 2008

Oil, and more Oil

Massive Oil Deposit Could Increase US reserves by 10x
Sierra Club: "Where? We'll put a stop to that talk."

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.  [story]

Today's caution:  Never Google "gusher" images without restrictions set.  Who'd a thunk?

18 comments:

Jon said...

"ahhh my eyes" is that what you meant ?

Anonymous said...

HOT DAMN!!!!!!!!!!! That is incredible.

But wait, what about the snail darter or some other road block? Let's start a pool to see how long it is until the wackos come up with "the" reason we can't drill there.

If this pans out, I can't believe how this will get our fat out of the fire.
MM

Anonymous said...

Can't drill there, it will interfere with our ICBM Silos...

RAK

pdwalker said...

Even if the reserves are drilled, you don't have the refining capacity to convert it into the products you need fast enough.

cmblake6 said...

As I've said elsewhere, between what we've got in the ground, and what we can now make from our "plant trash" with the bacterium discovered, screw OPEC. THIS could indeed be the total salvation of our economy. As for the snail darter penguin of the high plains of Montana, sucks to be them. PETA or whoever tries to stop this, try them for sedition/treason and press on. THIS is what could well save America, and if they don't like it they can just go die someplace.

Anonymous said...

The land will sink after we take all of the oil...I just know it will! Ok, not really. But this doesn't bode well for ANWR drilling which we really need so I can get a job making a gazallion dollars.

MM, you are right. It is a nice start but my experience with this "technology" is that the reserves tend to be over estimated.

Yatalli

Nate said...

Naah. It won't be the snail darter. I'll probably end up being something along the lines of, 'You can't drill there, because that's the nesting habitat of the Mexican Free-tailed Illegal Alien!'

Rodger the Real King of France said...

My guess is the objection will be "It's on sacred Indian burial grounds."

Anonymous said...

Whatever happened to killing them all and taking the oil? Is that wrong?

Casca

Thud said...

If any rare bird or animal shows up let me know where it is and I'll happily wipe it out and take the blame...worth it to free us from our saudi friends.

Anonymous said...

I have been in the oil and gas industry for 30 years and with the technology we have today there will never be a shortage of oil.
It may be $500/ bbl but it is there to be had. Shale, coal...
george

BlogDog said...

We should check other sacred Indian burial grounds then. Maybe petroleum comes from decomposing aboriginals and not T Rexeseses. Dang. Where does that plural end?

Anonymous said...

The current bottleneck is refinery capacity, not oil reserves.

Anonymous said...

Today's caution: Never Google "gusher" images without restrictions set. Who'd a thunk?..........HUH??

MoFiZiX Gr4FiX said...

Hmmm... lets see... Google "gusher" w/o restrictions.................................................... EURIKA!!!
UhOh... I better not let mama see this.

Anonymous said...

The objection will be that some of that belongs to Canada (who?). Rodg, I think we should go ahead and invade Canada now, before the inevitable signs go up:

NO CANUCK BLOOD FOR OIL !

Anonymous said...

I'm back! Three house later and I'm back (after googling gushers on google/image). Well...what's cooking?
oy vey ole'

Anonymous said...

Just kidding!
ov o'

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