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Massive Oil Deposit Could Increase US reserves by 10x
Next Energy News ^ | 2-13-08 | unknown

Posted on 03/28/2008 9:59:13 AM PDT by a real Sheila

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To: a real Sheila

for later


101 posted on 03/28/2008 10:47:06 AM PDT by ProfessorGage
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To: a real Sheila

why isn’t this part of a US strategy?

Tell the OPEC countries to clean the gutters of terrorists or we will simply stop buying their oil.


102 posted on 03/28/2008 10:47:11 AM PDT by Mr. K (Some days even my lucky rocketship underpants don't help)
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To: a real Sheila

BFL


103 posted on 03/28/2008 10:47:16 AM PDT by stockpirate (McCain, Hillery with a war record. Time to run a 3rd party conservative for POTUS!)
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To: steve8714
Is it close enough to Yellowstone to use geothermal to heat the water to soften it?

Not an issue. This formation does not require heat for producing the oil. It does require modern drilling techniques that are now being used. Read more at the link:

Technology-Based Oil and Natural Gas Plays:
Shale Shock! Could There Be Billions in the Bakken?
http://tonto.eia.doe.gov/ftproot/features/ngshock.pdf

104 posted on 03/28/2008 10:49:14 AM PDT by thackney (life is fragile, handle with prayer)
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To: truthguy

Who said this was cheap? It takes significant horizontal drilling and fracturing, and the completions are not simple.


105 posted on 03/28/2008 10:51:15 AM PDT by thackney (life is fragile, handle with prayer)
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To: avacado

“There is oil there but how much will require a new seismic survey with the latest technology to determine how extensively distributed the oil is.”

I worked for a company in Houston that sold survey maps for oil deposits that were small, hard to get to etc... there is a lot of oil and gas out there. It’s just expensive to get. Plus, a lot of it is under private lands. Now that gas and oil are up there in price- more and more smaller companies will be out drilling and looking.


106 posted on 03/28/2008 10:51:31 AM PDT by bigred41
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To: steve8714

and the speckled pecker chipmunk


107 posted on 03/28/2008 10:52:13 AM PDT by 2111USMC
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To: a real Sheila

I’ve always thought that ultimately the government does what the HELL it wants, especially when matters of money and national security are involved. The government has so often done as it pleases when it comes to taking away folks land and property to use for “the greater good.” Why the heck can’t this land be explored and drilled regardless of the “greenie weenies?”


let them use up their oil first.


108 posted on 03/28/2008 10:54:12 AM PDT by bioqubit
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To: thackney
The Clintons could help out with all that oil shale they own in Utah.

Green River Basin or something like that??

109 posted on 03/28/2008 10:54:38 AM PDT by kcm.org (Now unto Him)
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To: thackney

What would be a normal development curve for a field like this, assuming all goes well and median projections are accurate?


110 posted on 03/28/2008 10:56:29 AM PDT by MARTIAL MONK (I'm waiting for the POP!)
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To: kcm.org

This is a different type of production than the Green River Basin in Wyoming, Utah, and Colorado. I’m not aware of Clinton ownership of any of it. Most of it is on Federally owned land.


111 posted on 03/28/2008 10:56:57 AM PDT by thackney (life is fragile, handle with prayer)
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To: a real Sheila

Yes, it might be that large. Comparable to the oil shale in Colorado at 400 billion barrels. Get at it cheaply? That’s a different question.


112 posted on 03/28/2008 10:58:18 AM PDT by RightWhale (Clam down! avoid ataque de nervosa)
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To: bigred41
I worked for a company in Houston that sold survey maps for oil deposits that were small, hard to get to etc... there is a lot of oil and gas out there. It’s just expensive to get. Plus, a lot of it is under private lands. Now that gas and oil are up there in price- more and more smaller companies will be out drilling and looking.

Son has a place in Texas where they have found natural gas in the area and the landowners are negotiating.

113 posted on 03/28/2008 10:58:21 AM PDT by Irish Eyes
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To: MARTIAL MONK
normal development curve

Time frame you mean? Some of it is already in production. The area is constricted by pipeline and refinery capacity. Much of the Canadian oil we import is transported along the same corridor. There are many pipeline projects ongoing to expand them.

114 posted on 03/28/2008 10:59:03 AM PDT by thackney (life is fragile, handle with prayer)
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To: unkus

“Something like creating a preserve in Utah so we had to buy fron his pal Riadi in Indonesia?”

Exactly..


115 posted on 03/28/2008 10:59:14 AM PDT by vietvet67
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To: LearsFool

—Well let’s not drill it just yet. They’re willing to sell their oil, so let’s keep using up their supply. When they’re plumb dry, then we can start drilling ours - and decide whether to sell any to our enemies. —

But as long as we import oil from “Ragastan”, we have to defend the Middle East and our supply lines, and this also pi$$es off the friendly natives their in the process, increasing the risk of terrorism (hidden costs of foreign energy supplies). If we were energy independent we could tell the Middle East to bugger off.


116 posted on 03/28/2008 11:01:02 AM PDT by paleorite ("Oy vey, Skippa-San" The immortal words of Fuji, formerly America's favorite POW.)
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To: RightWhale
Comparable to the oil shale in Colorado

Production of the Bakken Formation of the Williston Basin is very different from the Colorado Green River Basin. This is 41° API, no heat required to release it.

117 posted on 03/28/2008 11:01:18 AM PDT by thackney (life is fragile, handle with prayer)
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To: a real Sheila

We must save it for the future when we won’t even need it.


118 posted on 03/28/2008 11:03:15 AM PDT by Niteranger68 (If you find yourself in a fair fight, your tactics suck.)
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To: rellimpank

NO DRILLING IN:insert state or area that the Evil Bush administration wants to drill in.


119 posted on 03/28/2008 11:03:19 AM PDT by Holicheese (Hillary deserves the CMoH for her time in Tuzla!)
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To: a real Sheila
There was a story about this on FR a couple of weeks ago. This deposit covers an area that includes ND, SD and MT, but also goes into Canada. In addition to this find, there was a story about an enormous find off the coast of Alaska and Canada, which was in International waters, thus, I believe, would not be subject to EPA regulations.

An American company was looking into developing that undersea field, which, the story said, could dwarf the Saudi oil fields. That story also mentioned that this area was just outside what the Russians claim as THEIR territory, even though that is technically in International waters too. Heh, tuffski.

120 posted on 03/28/2008 11:05:28 AM PDT by SuziQ
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