Skip to comments.An American Oil Find That Holds More Than All of OPEC [UT,CO]
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 ...
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)
Well we need to pay China back with something. Might as well be this deposit.
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.
Meet the next UN World Heritage Site.
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.)
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.
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.
Reminds me of Wyatt’s Torch................
3 trillion barrels of oil would cover the entire state of Utah with over 9 feet of oil.
That’s a lot of oil.
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.
Quick, declare it a national park!
So what? I don't care one bit. But Zero and his minions will use this as another excuse to stymie domestic energy production.
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.
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.
...and yet the learned people, they tell us that it comes from fossils...........
Quick Zero, make it into a national Park!! /s
Dear Leader will ensure it is shut off permanently.
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.
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?
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.
I hear the dems are even BEHIND this one. They always have enjoyed GETTING DRILLED UP THEIR FRACK.
It is evil and polluting fossil fuel is it not??
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
Dinosaur National Monument is already there. It just needs to be expanded.
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.
They do, but some is lost to attrition............
As long as these operations are on PRIVATE LAND there isn’t much the government can do.................
Okay...I was just wondering if there is a way to eliminate or minimize that argument against shale oil extraction.
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.
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!”.......
Obama intends to stop all fracking in the states.
Obamas Post-Reelection EPA Plans
Posted: November 4, 2012
If you think the Obama administrations Enterprise Prevention Agenda has been wildly aggressive during the past four years, believe me, we really aint 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.
Oil shale is likely found all over.
Reminds me of Wyatt’s torch......
Ol’ Nostradamus ain’t jack on Ayn Rand.
That’s exactly what I was going to say
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......