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An American Oil Find That Holds More Than All of OPEC [UT,CO]
ABC ^ | Nov. 13, 2012 | By ALAN FARNHAM

Posted on 11/13/2012 1:31:10 PM PST by Red Badger

Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC.

A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."

Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels.

"In the past 100 years — in all of human history -- we have consumed 1 trillion barrels of oil. There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).

The Green River drilling is beginning as shale mining is booming in the U.S. and a report by the International Energy Agency predicts that the U.S. will become the world's largest oil producer by 2020. That flood of oil can have major implications for the U.S. economy as well as the country's foreign policy which has been based on a growing scarcity of oil.

The IEA report does not detail where the American oil will be coming from, but the largest deposit is the Green River formation which has yet to tapped in any significant way.

This tantalizing bonanza, however, remains just out of reach, at least for now. The cost of extracting the Green River oil at the moment would be higher than what it could be sold for. And there are significant environmental obstacles.

The operation might require so much water it would compete with Denver and agriculture for vital supplies, the GAO report warned, could pollute underground streams, affect fish and other wildlife, and kick up so ...

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Culture/Society; US: Colorado; US: Utah
KEYWORDS: co; drilling; energy; oil; petroleum; shale; ut

An initial exploration well 40 miles northwest of Rifle, Colorado, owned by American Shale Oil LLC. It sits atop part of the Green River Formation of shale, believed to contain 3 trillion barrels of oil. (Courtesy Roger L. Day/American Shale Oil LLC)

1 posted on 11/13/2012 1:31:15 PM PST by Red Badger
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To: Red Badger

Well we need to pay China back with something. Might as well be this deposit.


2 posted on 11/13/2012 1:33:37 PM PST by EQAndyBuzz (The goal is to equalize outcomes based on race without regard for performance or merit.)
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To: Red Badger

Don’t worry. Kim Jong Obama will whip off an executive order in a matter of days to ensure not a drop of oil flows out of here.


3 posted on 11/13/2012 1:33:44 PM PST by MissesBush (The Fourth Estate has Become a Fifth Column)
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To: MissesBush

Meet the next UN World Heritage Site.


4 posted on 11/13/2012 1:36:17 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: Red Badger
Looks like a little truck based *work over* rig, they can't be going deep with that thing.
The type of rig our crews would say, "The driller shows up in the morning, puts a quarter in a slot and it cranks up".
5 posted on 11/13/2012 1:36:46 PM PST by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: MissesBush

Exactly


6 posted on 11/13/2012 1:36:54 PM PST by Trapped Behind Enemy Lines
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To: Red Badger

And of the Obamadork and his den-O-idiots try to stop it, the intelligent western states should just secede (e.g, California wouldn’t secede.)

We’d be worth more than the entire area of blue sceptic areas that voted for that excrement pile, that mass of putrescence, that odious collection of nothingness, that......(you get the point.)


7 posted on 11/13/2012 1:40:04 PM PST by Da Coyote
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To: thackney; Abathar; blam

Ping!......


8 posted on 11/13/2012 1:40:27 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Trapped Behind Enemy Lines
Rifle, Colorado is where Exxon first tried pulling oil from shale using what was described as “radiation extraction.”
The process was; dig up the shale and crush it down to 4 inch chunks. Hit it with radiation to make the oil come out. The 4 inch chunks were now 6 inch chunks. Re-stack the chunks and call the Sierra Club.
9 posted on 11/13/2012 1:42:59 PM PST by Eric in the Ozarks (In the game of life, there are no betting limits)
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To: Red Badger

A perfect reason for Sarah Palin to be our next President. I hope she’s building up her knowledge of the oil industry for the next four years.


10 posted on 11/13/2012 1:46:34 PM PST by AZLiberty (No tag today.)
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To: Red Badger

I got a nice 10 point mule deer not more than a mile from that site.

Nothing out there but dirt, rock, sage and small pines.


11 posted on 11/13/2012 1:52:01 PM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: The Cajun

Reminds me of Wyatt’s Torch................


12 posted on 11/13/2012 1:54:34 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

3 trillion barrels of oil would cover the entire state of Utah with over 9 feet of oil.

That’s a lot of oil.


13 posted on 11/13/2012 1:55:32 PM PST by kidd
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To: Abathar
Nothing out there but dirt, rock, sage and small pines.

And mud...

14 posted on 11/13/2012 1:57:30 PM PST by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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To: Red Badger

So we have the means to defund Al-Queda and its backers. Lets see what both sides of the aisle do. I bet there will not be much difference.


15 posted on 11/13/2012 1:59:17 PM PST by 5thGenTexan
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To: 5thGenTexan

Quick, declare it a national park!


16 posted on 11/13/2012 2:01:50 PM PST by St_Thomas_Aquinas (Viva Christo Rey!)
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To: Red Badger
And there are significant environmental obstacles.

So what? I don't care one bit. But Zero and his minions will use this as another excuse to stymie domestic energy production.

Drill baby drill! Frack baby frack!

I was able to easily forgive Nixon for Watergate. His real crime was the creation of the vile EPA.
17 posted on 11/13/2012 2:01:50 PM PST by re_nortex (DP...that's what I like about Texas.)
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To: Red Badger

I suspect there are many similar reserves around the world. These are as yet unexplored or incompletely explored because they were not considered recoverable until recently. The US may not be a bit exceptional, other than in having had more applicable exploration done - so far. This will certainly change and great new finds will become commonplace. If so, natural gas and petroleum will be local local resources, more similar to hydro or coal, and not global concerns.


18 posted on 11/13/2012 2:03:16 PM PST by buwaya
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To: Red Badger

Between Obama’s no energy policies and never ending environmentalist law suits we should live so long as to see any significant oil taken from this area. Instead we will waste billions blighting the land with worthless windmills and solar arrays while gasoline soars to over $5 per gallon and average Americans are shivering or sweltering in darkened homes because they can barely afford electricity.


19 posted on 11/13/2012 2:03:23 PM PST by The Great RJ
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To: kidd

...and yet the learned people, they tell us that it comes from fossils...........


20 posted on 11/13/2012 2:03:26 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

Quick Zero, make it into a national Park!! /s


21 posted on 11/13/2012 2:09:53 PM PST by ExCTCitizen (More Republicans stayed home then the margin of victory of O's Win...)
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To: Red Badger

Dear Leader will ensure it is shut off permanently.


22 posted on 11/13/2012 2:14:05 PM PST by CORedneck
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To: Red Badger

I don’t know if the anti-drillers are sincere in their efforts to prevent drilling in order to protect the environment or if they simply want to degrade the lifestyle here.

What I do know is that they are, consciously or not, making sure that this country will be the last country on the planet that will have any petroleum.


23 posted on 11/13/2012 2:14:58 PM PST by spel_grammer_an_punct_polise (Learn three chords and you, too, can be a Rock Star!)
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To: re_nortex
And there are significant environmental obstacles

I wonder what kind of "environmental obstacle" is created when an OPEC-financed Al Qeada suitcase nuke goes off in the middle of Los Angeles and the radioactive fallout drifts across midwestern wheat and corn fields?

24 posted on 11/13/2012 2:15:19 PM PST by kidd
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To: Red Badger
The operation might require so much water it would compete with Denver and agriculture for vital supplies, the GAO report warned,...

Just wondering....why don't they recover and reuse water in these operations?
25 posted on 11/13/2012 2:19:43 PM PST by rottndog (Be Prepared.....for what's coming AFTER America.)
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To: Red Badger
Too bad that there is not a snowball's chance in a blast furnace that we will exploit this find and drill or in some way obtain the oil in this shale.

Obama and his liberal jerks would sooner see people freeze or have to pay double the current gas price or more than exploit our own natural energy resources.

Carbon fuel is evil in their sight and they mean to kill it's production any chance they get.

Unfortunately the propaganda of the Democrats worked big time this year and that gives them a chance to trash any kind of drilling or operation to obtain energy.

Better to stick it to the greater public.

After all these schmucks have the money to go where they want and to heat their homes.

They could give a rip and a half if my family sleeps cold or I have to spend 8 or 9 dollars for a gallon of gas.

This would not bother liberals in the least.

26 posted on 11/13/2012 2:23:15 PM PST by I miss American Motors
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To: re_nortex

I hear the dems are even BEHIND this one. They always have enjoyed GETTING DRILLED UP THEIR FRACK.


27 posted on 11/13/2012 2:23:42 PM PST by spawn44 (moo)
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To: kidd
And there is not a chance in a church that the Messiah will let us extract any of this energy for domestic use or any use for that matter.

It is evil and polluting fossil fuel is it not??

28 posted on 11/13/2012 2:26:29 PM PST by I miss American Motors
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To: The Cajun
"they can't be going deep with that thing"

2000 ft deep and a 2000 ft horizonal leg

Go to the AMSO website for a concept drawing, The steam injection zone is a 2000' cube and the extraction zone is a 2000' cube

29 posted on 11/13/2012 2:30:12 PM PST by Ben Ficklin
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To: St_Thomas_Aquinas

Dinosaur National Monument is already there. It just needs to be expanded.


30 posted on 11/13/2012 2:32:52 PM PST by Belteshazzar (We are not justified by our works but by faith - De Jacob et vita beata 2 +Ambrose of Milan)
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To: Ben Ficklin
2000 ft deep and a 2000 ft horizontal leg

Yup, that little rig can handle that with no problems.
Didn't know they were going to be using steam injection, haven't been keeping up.

31 posted on 11/13/2012 2:42:54 PM PST by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: rottndog

They do, but some is lost to attrition............


32 posted on 11/13/2012 2:49:26 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: I miss American Motors

As long as these operations are on PRIVATE LAND there isn’t much the government can do.................


33 posted on 11/13/2012 2:50:20 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

Okay...I was just wondering if there is a way to eliminate or minimize that argument against shale oil extraction.


34 posted on 11/13/2012 2:59:42 PM PST by rottndog (Be Prepared.....for what's coming AFTER America.)
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To: Red Badger

If the USA still existed, we might be able to use that information, but with this country now under new ownership, none of it means a hill of beans.


35 posted on 11/13/2012 3:02:06 PM PST by Gator113 (I would have voted for NEWT, now it's Romney & Ryan.~Just livin' life, my way~)
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To: rottndog

They use ‘contamination of ground water’ as a straw man. The actual fracking is thousands of feet below the ground water in solid rock. They have even been caught dumping fracking chemicals so that they can point to them and say, “SEE, SEE! They are polluting!”.......


36 posted on 11/13/2012 3:03:56 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

Obama intends to stop all fracking in the states.

Obama’s Post-Reelection EPA Plans

Posted: November 4, 2012

If you think the Obama administration’s Enterprise Prevention Agenda has been wildly aggressive during the past four years, believe me, we really ain’t seen nothin’ yet. A new report released by the U.S. Senate Committee on Environment and Public Works Minority Committee enumerates a slew of planned EPA regulations that have been delayed or punted on until after the election that will destroy millions of American jobs and cause energy prices to skyrocket even more.

Titled “A Look Ahead to EPA Regulations for 2013: Numerous Obama EPA Rules Placed on Hold Until After the Election Spell Doom For Jobs and Economic Growth”, it lists and describes new rules concocted over the past year ranging from additional restrictions on greenhouse gas emissions, tougher water guidelines and tightening of the ozone standard. Taken together, they will further drive up pump prices, impose construction bans on local communities, and cripple oil, natural gas and coal production.

As the Washington Post notes, the report puts a spotlight back on the Obama EPA which has earned a “reputation for Abuse”, serving as a stark reminder that “President Obama has presided over a green team administration that works every day to “crucify” oil and gas companies and make sure that “…if you want to build a coal plant you got a big problem.”

http://thepatriotperspective.wordpress.com/2012/11/04/obamas-post-reelection-epa-plans/


37 posted on 11/13/2012 3:15:36 PM PST by KeyLargo
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To: buwaya

Good observation.
Oil shale is likely found all over.


38 posted on 11/13/2012 4:12:31 PM PST by Eric in the Ozarks (In the game of life, there are no betting limits)
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To: Red Badger

Reminds me of Wyatt’s torch......

Ol’ Nostradamus ain’t jack on Ayn Rand.


39 posted on 11/13/2012 5:03:42 PM PST by myheroesareDeadandRegistered
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To: St_Thomas_Aquinas

That’s exactly what I was going to say


40 posted on 11/13/2012 6:50:44 PM PST by Cyclone59 (Obama is like Ron Burgundy - he will read ANYTHING that is on the teleprompter)
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To: rottndog

They lie, cheat, steal, trespass and actually break the very environmental laws they claim to worship in order to stop all energy production. How can anybody minimize that? They are on a religious jihad for their earth goddess. If you compare the two, islamic jihadists and environmentalist whack-jobs are almost identical in tactics and fervor......


41 posted on 11/14/2012 6:27:33 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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