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Unlimited Domestic Energy...Right Now
American Thinker ^ | 01/02/2012 | Gary Jason

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: domesticenergy; energy; environmentalism; natgas; oilgas

1 posted on 01/02/2012 11:37:46 AM PST by SeekAndFind
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To: SeekAndFind
In fact, it now appears that in 2011, America will become a net petroleum product exporter for the first time in 62 years.

 

Not only is America now a net petroleum product exporter, but as expert Dave Ernsberger (global director at energy consulting firm Platts) put it, "[i]t looks like a trend that could stay in place for the rest of the decade.  The conventional wisdom is that [the] U.S. is this giant black hole sucking in energy from around the world. This changes the dynamic."

 

The immense non-conventional oil resources literally below our feet have made Big Oil fundamentally reassess its geo-economic worldview.

 

Where in the past, the major private oil companies went to faraway (and often dangerous) regions like the North African desert, the Caspian Sea, and the Niger Delta, oil companies are now focusing on developed nations -- for a variety of reasons.

 

2 posted on 01/02/2012 11:39:05 AM PST by SeekAndFind
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To: SeekAndFind
In fact, it now appears that in 2011, America will become a net petroleum product exporter for the first time in 62 years.

 

Not only is America now a net petroleum product exporter, but as expert Dave Ernsberger (global director at energy consulting firm Platts) put it, "[i]t looks like a trend that could stay in place for the rest of the decade.  The conventional wisdom is that [the] U.S. is this giant black hole sucking in energy from around the world. This changes the dynamic."

 

The immense non-conventional oil resources literally below our feet have made Big Oil fundamentally reassess its geo-economic worldview.

 

Where in the past, the major private oil companies went to faraway (and often dangerous) regions like the North African desert, the Caspian Sea, and the Niger Delta, oil companies are now focusing on developed nations -- for a variety of reasons.

 

3 posted on 01/02/2012 11:39:38 AM PST by SeekAndFind
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To: SeekAndFind
Plenty of gas under the great lakes but according to congress its off limits.

Photobucket
4 posted on 01/02/2012 11:42:48 AM PST by cripplecreek (Stand with courage or shut up and do as you're told.)
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To: SeekAndFind

Not if Barry and his boss, George Soros, have anything to say about it!!


5 posted on 01/02/2012 11:44:35 AM PST by 2ndDivisionVet (You can't invade the US. There'd be a rifle behind every blade of grass.~Admiral Yamamoto)
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well, when that translates to more jobs and permanent low fuel prices at the pump, then i will give a half-heart ‘woooohoooo’, until then, im not getting all excited...


6 posted on 01/02/2012 11:45:07 AM PST by raygunfan
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To: SeekAndFind
The amount of energy in the form of oil, gas, coal, and uranium located in the US and just offshore is limitless. America is an energy colossus.
7 posted on 01/02/2012 11:45:07 AM PST by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, or the jobs that go with it.)
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well, when that translates to more jobs and permanent low fuel prices at the pump, then i will give a half-hearted
‘woooohoooo’, until then, im not getting all excited...


8 posted on 01/02/2012 11:45:39 AM PST by raygunfan
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To: SeekAndFind

So much for “peak oil”. They just keep finding newer and better ways to drill it.


9 posted on 01/02/2012 11:46:21 AM PST by Telepathic Intruder (The right thing is not always the popular thing)
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To: SeekAndFind

Rick Perry is the right guy for this country right now. No doubt he is our energy guy.


10 posted on 01/02/2012 11:46:49 AM PST by lahargis (Rick Perry is our jobs and energy candidate! Perry 2012!)
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To: cripplecreek

Wonder how much oil/gas there is off the east coast?..
Seems almost untouched..


11 posted on 01/02/2012 11:49:33 AM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: lahargis

Yeah, if he can figure out the third agency he should eliminate. How did he forget it was the Department of Energy (him being from Texas)?


12 posted on 01/02/2012 11:54:09 AM PST by DugwayDuke
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To: SeekAndFind

We’re doing the boom here in Western Oklahoma.....it’s UNREAL....the amount of rigs and pipeline going down are truly amazing. America will be the largest exporter of oil and natural gas in the world by 2017.


13 posted on 01/02/2012 11:56:16 AM PST by ScreamingFist (Quiet the Idiot)
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To: SeekAndFind
Denying his country domestically produced energy is another big club our nominee will have to bash in Obama’s political brain.
14 posted on 01/02/2012 11:57:22 AM PST by Jacquerie (No court will save us from ourselves.)
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To: DugwayDuke

He got over that with ease. Did you not see the Letterman show or the next debate? He made light of the situation which was an awesome way to handle the issue! Love the guy!


15 posted on 01/02/2012 11:59:31 AM PST by lahargis (Rick Perry is our jobs and energy candidate! Perry 2012!)
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To: lahargis

Probably a ton around Marth’s Vinyard.


16 posted on 01/02/2012 12:03:08 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: SeekAndFind

The truth is that we are AWASH in hydrocarbons that can be converted into usable fuels whether gas or liquid. The US has more hydrocarbon reserves than all of Arab OPEC combined. The only thing we lack is the political will to permit development where it is economically and ecologically feasible.

Our hydrocarbon resources were documented several years ago in the following study:

Office of the Secretary of Defense, Clean Fuels Initiative presentation by Dr. Theodore K. Barna,
link: http://www.westgov.org/wieb/meetings/boardsprg2005/briefing/ppt/congressionalbrief.pdf

The real question must why do so many people insist that we must not develop our own resources. It is as if they have such a bad case of self-loathing they would rather people suffer and die than enjoy the benefits from inexpensive energy.

We do know that some energy resources were locked up to please voting blocks and gain political points in the process. For example, there is the case of how almost a trillion dollars in coal and natural gas got locked up.

See: http://www.freerepublic.com/focus/news/724170/posts


17 posted on 01/02/2012 12:08:13 PM PST by theBuckwheat
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To: SeekAndFind

Using oil and oil shale is racism. It’s better to use bicycles and buy oil from Muslims.


18 posted on 01/02/2012 12:12:19 PM PST by Dallas59 (President Robert Gibbs 2009-2011)
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To: ScreamingFist
We’re doing the boom here in Western Oklahoma.....it’s UNREAL....the amount of rigs and pipeline going down are truly amazing. America will be the largest exporter of oil and natural gas in the world by 2017.

That's a ray of good news, thanks for sharing. Hopefully such a boom will continue unfettered by extreme "environmental concerns"

19 posted on 01/02/2012 12:22:22 PM PST by FourtySeven (47)
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To: SeekAndFind

I believe it was Reagan who said:

The most feared words in the English language are; I’m from the government and I’m here to help!


20 posted on 01/02/2012 12:29:51 PM PST by rfreedom4u (Forced diversity causes dissent!)
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To: 2ndDivisionVet; ScreamingFist
Not if Barry and his boss, George Soros, have anything to say about it!!

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.

21 posted on 01/02/2012 1:07:17 PM PST by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: Former Proud Canadian

And let’s not forget the most colossal of them all — thorium.


22 posted on 01/02/2012 1:25:30 PM PST by allen08gop (Insert appropriate picture here...)
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To: SeekAndFind
now if we can start popping a few holes in your home state of NY..........

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.

23 posted on 01/02/2012 1:30:18 PM PST by Recon Dad (Gas & Petroleum Junkie)
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To: Recon Dad

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?


24 posted on 01/02/2012 3:03:35 PM PST by SeekAndFind
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To: lahargis
Rick Perry is the right guy for this country right now. No doubt he is our energy guy.

Any of the candidates would do if they made Sara Palin Energy Secretary... with her final act to be the elimination of the department.

25 posted on 01/02/2012 5:49:51 PM PST by marktwain
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To: marktwain

Amen to that!


26 posted on 01/02/2012 7:23:16 PM PST by lahargis (Rick Perry is our jobs and energy candidate! Perry 2012!)
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