30 June 2008

1 Trillion Barrels Pelosi and Boxer Would Rather You Not Know Anything About

If the current US Congress has anything to say about it, the US will be starving for energy and fuel within the next few years. Trillions of barrels of oil equivalent are buried within North America in the form of shale oil, oil sands, coal, and gas. Nancy Pelosi and Barbara Boxer intend for as much of that black gold as possible to stay in the ground, far away from American consumers.
Geologists estimate the rocks hold over a trillion barrels of oil.

“That is more than all the reserves of the Middle East,” Vawter said.

But this mother-load is locked deep inside deposits across three states.

"Oh gosh, if you took just an acre, you are probably looking at 100,000 barrels of recoverable oil,” Vawter said....

Cobiella met Terry O’Connor of Shell Oil. She asked him: “how much oil did you pull from here?”

“We pulled 1,800 barrels of oil plus a substantial amount of natural gas, also,” he said.

All from a tiny 30-by-40 foot patch tucked inside a Shell Oil compound that was top secret.

When he saw the results, what did he think?

“We were really happy!” he laughed.

Shell's revolutionary approach involves dropping electric heaters deep underground to heat the shale to 650 degrees. At that magic temperature, oil and natural gas separate from the rock and can be pumped to the surface - all with minimal impact to the surrounding area.

“And with a modest amount of processing this is the final product we go, which can be used for jet fuel, diesel fuel and naphtha for gasoline,” O’Connor said.
Raytheon's microwave technique should provide even higher yields--with less use of power and precious water resources.

As long as the US government maintains its anti-energy attitudes, the American people will suffer. And if the American people suffer, the US economy suffers. And if the US economy suffers, the world economy suffers. It is a dangerous game that is being played by the Pelosi's and the Boxer's of Congress. They may not like how it all turns out.

Previously published at Al Fin Energy

Sponsored by Oynklent Green [OTC:OYNK]


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Blogger Snake Oil Baron said...

They are probably hoping that their informal plan to nationalize the oil industry can be pushed through before they have to allow any drilling and then they can divorce themselves from dependence on taxes and voters like other "successful" petro-states. But it is nice to know that the US has all that chemical energy at its disposal once it gets the obstructionists out of the way.

I hope the petro-states are getting nice and dependent on high oil revenues to feed the corruption and maintain power. Then in a few years America can crash the party with cheap fuel for the world.

Monday, 30 June, 2008  
Blogger al fin said...

The Pelosi's and the Boxer's are firmly in control of Washington. More likely than the optimistic scenario you present, Baron, is that the madness of the current US Congress will spread to Canada and that Canada will shut down its oil sands and Bakken. Isn't the top man in Alberta trying to do something like that now?

They claim to be starving the country for its own good.

Tuesday, 01 July, 2008  
Blogger slartibartfast said...

"Primary interest is seeing that the best of humanity survives long enough to reach the next level."

So let's continuing the global warming bonanza.

Wait, what?

Thursday, 03 July, 2008  
Blogger al fin said...

Exactly. The carbon hysterics in the US Congress, you put your finger on the problem. Although Earth has not warmed in 20 years (see graph) Congress has hitched itself to an obsolete climate theory that only die-hard morons continue to have blind faith in.

Friday, 04 July, 2008  

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