Fact Sheet: U.S. Oil Shale Resources
http://www.fossil.energy.gov/programs/reserves/npr/Oil_Shale_Resource_Fact_Sheet.pdf
Posted on 11/14/2007 6:23:22 PM PST by Dane
The central banks have injected over $1 trillion since August alone, resulting in 20% inflation (18% increase in M3 and -2% GDP) according to real data.
Has the dollar dropped 20% compared to other currencies?
I doubt 20% inflation; I don’t believe people have seen a 20% increase in their yearly costs, I sure have not.
Saudi oil is possibly as much as $10 a barrel to lift. Oil sands are $40 a barrel to produce. How's the profit margin?
The $1 trillion doesn’t include the money they removed either within a month. A lot of it is just recycled (Fed lends money for assets, swaps back after contract expires, and then do it again). M3 is not the end all be all of inflation.
That is not what Suncor and others are paying to produce Alberta oil sands. They would not have 4 decades of production if it had costs $40 a barrel to produce.
Everything has gone up including labor. Some say it is $30 for North Slope oil now, or $40 and it wasn’t long ago Prudhoe oil was $20. Somebody just gave up their North Slope leases because they said they couldn’t afford to do the development. Trouble ahead, Casey, how’s your speed?
Oil Shale in Indiana?
Fact Sheet: U.S. Oil Shale Resources
http://www.fossil.energy.gov/programs/reserves/npr/Oil_Shale_Resource_Fact_Sheet.pdf
Fischer-Trospch?
Coal to diesel. If we could run 40% of our tranportation on diesel and 70% of our electricity on nuclear, we would be darn near energy inependent.
Thanks
Uranium Purchased by Owners and Operators of U.S. Civilian Nuclear Power Reactors, 1994-2006 Deliveries
NIMBYs and environmentatists are against more than coal and oil.
Probably has enough energy content to power Earth's industry at current levels for thousands of years.
Some places where the deposits are exposed there's a rather high incidence of bladder cancer, e.g. Jennings County. There's also a hot pluton in the vicinity of the Jackson/Jennings county line, and if that could be tapped you could probably power America by itself for many centuries.
Big advantage of that pluton is there are no mountains in the area.
The point is we've hardly begun to tap our existing energy resources, and if the Arabs run the price of oil up too high they may find themselves out of business ~ sucking sand so to speak.
Thanks for the map. I was referring only to the Eastern margins of the oil shales in Indiana where there’s a large uranium inclusion. That’s where I’d start working the deposits first.
Although the eastern deposits cover many more square miles, the Colorado, Utah and Wyoming deposits are far richer with much more available oil for much less effort.
That goes for promising renewables sources too.
...based to a certain degree on what the Saudis do and say.
Could not agree more.
Well then how fortunate for Canada that the OPEC gang and the inability for any ME nation to have a stable and sane populace have driven the price to nearly 100$ a barrel..
BTW Oil is fungible so while you may not make as much on the investment in canada to consumers its all the same.. And some of the extraction cost has to be worth stability
I did a search on the eastern shales. Looks like the next Barnett.
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