Posted on 08/08/2008 10:43:37 AM PDT by kellynla
Thanks for the update.
The ‘3 year’ quote was about public availability from the Mississippi plant. We hope, anyway.
Maybe the Obamanation should recall one of the better things that JFK said: “Never listen to the experts.”
Their print media jobs will be gone soon.
Never hear them talking about that.
“Qualcomm is going to hit $1000 a share.”
“Qualcomm is going to hit $1000 a share.”
Well it has gone up 60% in a year but for a $55 stock to hit a $K anytime in the near future might be bit of a reach. LOL
See # 16
“See # 16?”
what do you want me to see? I posted it! LOL
ROTFLMAO!
sorry!
TGIF!
no problem...
When I graduated from college in 1976, the “experts” said wheat was going to go to $6/bu and never go down. I went home to the farm to make that big money, and next year sold my wheat for $1.85/bu. A few years later, the “experts” said oil would be $50/bbl and never go down. A few years later, it was $8/bbl. A banker told me CD rates would “never” go below 5%. They bottomed out around %2. I’ve heard the same “never go down” BS about gold, silver, property, baseball cards, and every other commodity. The experts are always, always, wrong. The main lesson I’ve learned is to never depend on the “experts”.
Agreed. Competing fuels have a big part to play in the ultimate resolution of this crisis. However, it appears that drilling would bring supply to market more quickly than new fuels and new delivery systesm, etc.
I do agree, though, that alternatives to petroleum fuels are required, if we are to advance the nation and the culture.
http://www.engineering.ualberta.ca/uofaengineer/article.cfm?article=51413&issue=46477
Oil shale again 1.5 Trillion barrels accessible with Raytheon or Shell/mobile Insitu processes, no strip mining this is deep bore drilling way more cost effective and the water to produce the oil is in the formation already no outside water is used in fact if the steam waste from the process is capture this is a source of potable water.
http://www.raytheon.com/newsroom/feature/rtn08_oil_shale/
Coal Coal and more Coal, Mine able coal in the US has a 200 year supply at current consumption levels, add in INSITU coal gasification and the supply goes to 800 years with 1.4 Trillion tons or 85% of the total reserve in place accessible using UGC technologies. The Russians have 40 years of experience with UGC technologies its a mature technology. Cost has been the issue on all 3 fronts it simply was too cheap to drill oil from the middle east and surface mine coal to make the insitu technologies viable. The Russians use UGC because there remote resources are to deep to mine and transportation costs outweigh the cost to use syngas fired boilers vs rail transported coals.
https://eed.llnl.gov/co2/pdf/UCG_CongTest.pdf
http://www.lincenergy.com.au/pdf/asx-68.pdf
The US has 89-400+ billion barrels of oil technically recoverable at $50+ a barrel using EOR and supercritical fluid technologies. Currently using primary, and secondary recovery techniques only gets 25% or less of the oil out of a formation. Going to EOR and using supercritical CO2 and/or non-polar suspension solvents the recovery rates go upwards of 70% simply going back to our already drilled oil fields and using EOR gives decades if not half a century or more of reserves this is already happening in the US with gusto. World wide there is 11 Trillion barrels of conventional oil in place of which the average recovery rate is 20% globally.if we use the technologies we have developed here globally the world has hundreds of years of light oils left. This does not include heavy crudes from the Orinoco belt, extra heavy crude from deep water offshore, Natural bitumen’s from Utah, Texas, Canada, California, and the middle east or oil shale’s from the American west, or Russia. that adds another 10 trillion or so for a total of 20 trillion barrels. think 50-80% recovery rates with the above technolgies.
http://www.teknikogviden.dk/artikler/visArtikel.asp?id=12381
http://fossil.energy.gov/news/techlines/2006/06015-Oil_Recovery_Assessments_Released.html
http://www.bp.com/sectiongenericarticle.do?categoryId=9019304&contentId=7035201
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