Posted on 01/02/2012 11:37:44 AM PST by SeekAndFind
A rush of recent reports indicates that the explosion of non-conventional fossil fuel production continues to transform the world. (Non-conventional fossil fuel production is the production of oil and natural gas by hydraulic fracking and horizontal drilling.) In fact, 2011 will mark a major turning point in energy production worldwide -- one with profound geopolitical consequences.
The first report is that Anadarko Petroleum has just raised its estimate for its Colorado Wattenberg field holdings. Anadarko estimates that the field will yield more than one billion barrels of oil and national gas. This would place it right up there with the now-legendary Bakken shale field (in North Dakota) and the Eagle Ford formation (in Texas).
Anadarko is now looking at expanding its operations into Wyoming.
The second story is that North Dakota hit a record high oil production in October of 488,000 barrels per day (bpd). This was up 100,000 bpd (or 25%) from June's production. Lynn Helms, director of the North Dakota Department of Mineral Resources, projects that the state's total oil production will exceed 500,000 bpd next year and 900,000 bpd the year after that. The state will soon surpass California (539,000 bpd) and Alaska (550,000 bpd), rivaling top-producing Texas (1.2 million bpd).
Another story reinforces these bracing estimates. The National Petroleum Council estimates that by 2035 -- if the regulators will just stop endlessly excreting new hurdles -- the U.S. will hit 3 million bpd of shale oil alone. There are about 14 to 16 new American shale oil fields just starting to be exploited.
(Excerpt) Read more at americanthinker.com ...
America will be the largest exporter of oil and natural gas in the world by 2017.
Barry, his owners from around the world, the envoirwacko groups, EPA and others who would benefit from high energy costs will use every tool that is available to them to haul or impede US production of any form of energy that is of domestic origin.
Reelect 0bama in November, 2012 and his term in office will end January 2017.
And let’s not forget the most colossal of them all — thorium.
Please understand we are exporting some refined product we are not exporting crude. We consume 19.5 mm bpd we only produce 8 mm bpd. Most exports come from Canada and Mexico and with work we'll increase production by 1 mm bpd in a few more years, it's going to take a lot of time.
I'm for getting every drop of O/G we have and with the right president we'll have a chance.
RE: now if we can start popping a few holes in your home state of NY..........
Well, Gov Andrew Cuomo ran on the platform of ALLOWING fracking ( just like neighboring Pennsylvania ).
But when push came to shove and he all he needed was to SIGN ON to approve fracking, he quickly gave in to the environmentalists (who are afraid of contaminated drinking water ) and gave in to ANOTHER environmental study ( as if several previous studies that gave it the go ahead were not enough ).
This project is going to be STUDIED TO DEATH if the environmentalists have their way.
The big question is this— if it is OK for other states ( like neighboring Pennsylvania ) why is it NOT OK for NY State?
Any of the candidates would do if they made Sara Palin Energy Secretary... with her final act to be the elimination of the department.
Amen to that!
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