Posted on 04/11/2008 5:53:08 PM PDT by Kaslin
Energy: A North Dakota field holds at least 4 billion barrels of oil and possibly much more. But its Democratic senator demonstrates his party's schizophrenia on energy, preaching independence while doing nothing to achieve it.
The USGS estimates that the shale formation straddling western North Dakota and Montana contains 3.65 billion barrels of technically recoverable oil.
The oil is trapped in a thin layer of dense rock nearly two miles beneath the surface. The USGS estimate may be conservative and is based on current technology.
Leigh Price, a USGS scientist, authored a study before his death in 2000 estimating that the entire formation, which extends into Saskatchewan and Manitoba, may hold up to 500 billion barrels of recoverable oil, an amount that dwarf's the 16 billion barrels in the Arctic National Wildlife Refuge (ANWR).
The technology to retrieve it is sophisticated. Rather than sitting in large underground reservoirs, the oil is trapped in microscopic pores of rock, and companies must force pressurized fluid and sand into the earth to break the pores in the rock. The extraction technology and production process also is not cheap.
In a press release announcing the study results, North Dakota Democratic Sen. Byron Dorgan said:
(Excerpt) Read more at ibdeditorials.com ...
Congress will rue the day they sat on their ass and did NOTHING while the price of oil drives down our standard of living.
Thankfully, it will be a democratic congress will will bear the wrath of an over burdened pissed off people
The recoverable number will go up dramatically if prices keep up. Hopefully once the infrastructure is in place extraction prices will go down.
It's no longer a game of the simple, sound reason of economics. It's now a game of the hyper-emotional fervor of religious passion: Global warming.
See tagline. The next bubble is The Collective Insanity.
Like High Gas Prices??
...Keep voting for Democrats.
The oil shale and tar sands in Utah and Colorado were said to have a great future when oil was $19.00 a barrel . They still have a great future and will always have a great future . I expect several more fortunes to be made by taking oil shale companies public and then letting them die a quiet death . There is no shortage of oil .
mmm, it’s good. Why don’t you have some made up? I’ll buy one.... (Like high gas prices? Keep voting for Democrats).
That’s half a trilion dollars worth of oil. The gs mentioned in the article is worth about as much. OF COURSE the Donks don’t want us to ge it. That kind of boost to the economy sould gut their victimhood constituency!
Love it
It won't matter, the US economy will be in shambles and virtually collapsed by the time any of that oil gets to market. And the oil companies will just cap off the wells for another day.
At a $112 a barrel, we could hire a million Chinese to dig with spoons and still be profitable.
btt
The thing that got my blood boiling today was that he thought I couldn't work out a straight line. According to him, his property line veers over and takes part of our driveway.
What started it all was that there was this dead tree that is right on our driveway that fell over. There was about 3 foot part of the trunk left. Someone could hit that at night if they weren't paying attention. I get out the trusty chainsaw and put on a new blade and cut it off and buried it.
About 10 seconds later, he comes up and asks me not to cut anything else. I ignore him. There are some other small dead trees right by our driveway. We are going to have the back yard filled in and I figured it was a good time to get rid of deadwood.
I got this lecture about how those decaying trees were on his property and he liked them there. I cut them up anyway. I asked him about how he can want breeding grounds for all kinds of pests. I got some nonsense drivel.
He showed me the property line which was a large pine tree which always seemed to be right. It is a good few feet away from our driveway. I stood right in line on the side of the road as he demonstrated the "line". And he still had the nerve to come and say the property line veered over and part of our driveway was his. I have never heard of such a thing in a typical suburban neighborhood. How can property line somehow veer over at a sharp angle?
I never heard a peep about anything before until I fired up the chainsaw for the common good. He laughed at me when I mentioned the obvious safety problem and if anything happened I would point to him. He said "no you won't" in a very condescending tone.
By this time, I was burning mad about how this jerk comes over here and gives me a lecture about landscaping and aesthtics when there is nothing but vines and weeds overrunning his yard.
My wife was around and helped my not get really steamed and tried to reason with him. He was still in his mindset that the property line veers off several feet and takes a piece of the driveway.
Other arrogance I got hear was that he did some surveying at one time. Wonderful, I remarked, as I mentioned I have pipeline experience myself. Apparently it wasn't good enough.
Anyway, my wife found the official notarized plot showing boundries and there aren't any diagonal lines. I would like to see his. I will be surprised if I do.
Sorry for the rant but I am still a bit ticked off but cooling off.
Good example of how libs define their own truth, and have no problem with declaring control over others property.
Property line disputes with idiots like this are the most frustrating thing on earth.
The problem with your statement is that evaporating ocean water is the #1 cause of Global Warming! So the sooner we dry those oceans up, the better!
Like High Gas Prices??
...Keep voting for Democrats.
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Republicans did nothing with their power.
He claims he has a chainsaw. It is probably frozen from lack of use or a wimpy electric. I have never heard one running over there. Something else that I forgot to mention is that he is still mad at a former resident (at least 6 or 7 years before moving in (add another 6 or so) for building a fence in the backyard.
A couple of years ago, we had all of the pines dropped in the front and backyard and apparently he cried about that. Never mind that some were dying from the inside and if they ever fell would do real damage to someone's house no matter which way it went.
It just boggles my mind. If the termites, ants, and other pests would stay in his yard, it would suit me. However, they go where there is food and shelter and dead trees are apparently good eating.
I also said a few choice words and comments for him to hear. I get damned tired of having to respect everyone's feelings all the time and get run over in return.
Your comments are misleading. The Energy Act of 2005 has some good elements. The rats and rinos killed other useful provisions. Conservatives never had a Senate majority. Given the Senate’s filibuster rules, conservatives never came close to effective control. The rats have consistently voted in a block for terrible energy policies. We are seeing the fruits of their obstinancy and terrible policy choices. The energy future only looks worse unless rats change their tune. I am not optimistic.
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Like High Gas Prices??
...Keep voting for Democrats
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Really, really good election year bumper sticker.
Judging from past experience with the retarded GOP PR machine, that hardly seems likely.
One can only hope that if McCain does get in the White House, he drives a stake through the heart of the losers running the show at the RNC.
The property rights position is simple: Whoever own the land, does what he wants.
Check your plat map and see where it really lies. you say your wife did. You should know what property you really own then. If you own the tree stump, you can tell him “Well, it’s my tree stump, but if you want it, I’ll sell it to you.” lol.
otherwise, ignore the fool.
“Thankfully, it will be a democratic congress will will bear the wrath of an over burdened pissed off people “
DEMOCRATS ARE TO BLAME FOR HIGHER OIL AND GAS PRICES
... that is a headline, alas, that is both true and will never be seen in the mainstream media.
Congress has done diddly for years about ANWR.
I would love to see the Congress Dems get tossed out over the fact that they are anti-energy freaks, but the sheeple dont see it.
“Republicans did nothing with their power.”
Wrong. The Republican 2005 Energy did many good things - one of which was to salvage Nuclear Energy. If Daschle was still in charge, there would be no more nuclear power plants on the horizon.
The GOP won some battles, lost others.
The real problem is the Democrats.
If I get any more grief, I will tell him to get a surveyor at his expense. Naturally he will say I should and at my expense and he will be dead wrong because I won't do it.
Someone has to take a stand against arrogant know it all's who think they are in charge of everyone and everything. I refuse to be bullied and ordered around. I am going to do everything I can to make a nice yard. It doesn't have to be manicured, just nice. The previous owners let some things go and over time I have gone a long way to fixing them or we have had contractors come in for the big stuff. Nothing serious for the most part, just a lot of fine tuning. I am not some leftover hippie.
I think the 2010 Congressional elections will make 1994 Congressional shift look like a walk in the park
The American people are slow to "get it" and slow to anger, everybody I know is pissed and getting very frustrated with high energy and food prices.
Everybody standard of living is being diminished and Congress will take the wrath as they should
...Keep voting for Democrats.
Exactly....
The Rats are NOT interested in solving our energy problems.
We could find a 500 years supply of refined gasoline ready to use and they would make it off limits.
I was talking recently. Point taken though, thank you.
Points taken. I yield, I am under-informed. Thank you.
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