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Keyword: greenriverformation

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  • An American Oil Find That Holds More Than All of OPEC (Several Times of All Oil Ever Used)

    11/13/2012 2:12:11 PM PST · by lbryce · 89 replies
    ABC News ^ | November 13, 2012 | Alan Farnham
    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...
  • The End of OPEC Despotism

    06/30/2012 6:08:53 PM PDT · by neverdem · 18 replies
    Energy Tribune ^ | Jun. 29, 2012 | Peter C Glover
    The tectonic plates of Middle East politics are shifting fast. Egypt’s Arab spring may have run into the sand of anti-democratic Islamism, but the days when oil-rich Arab sheikhs colluded to hold Western economies to ransom will soon end. Massive shale oil and gas discoveries across the West, Israel’s rising status as a Middle East energy powerhouse and a deepening internal rift over strategic policy are all colluding to hasten OPEC’s demise. In June, Kuwaiti oil minister Hani Hussein’s commented, “Oil from the Middle East will always find a home. And we have to see more research to get a...
  • GAO To Obama: More Oil Than Rest Of The World

    05/14/2012 7:09:16 PM PDT · by Colonel Kangaroo · 19 replies
    Investor's Business Daily ^ | May 14, 2012 | IBD Editorial
    Energy: The Government Accountability Office tells Congress the Green River Formation out West contains an "amount about equal to the entire world's proven oil reserves." So why are we keeping it locked up on federal lands? Exploding the Big Lie pushed by President Obama that we can't drill our way out of high gas prices because we have but 2% of the world's proven oil reserves, Anu Mittal, GAO director of natural resources and environment, testified before Congress last week that just one small part of the U.S. is capable of outproducing the rest of the planet. That small part...
  • Energy Needs Left High And Dry

    07/15/2010 5:40:06 PM PDT · by Kaslin · 4 replies · 2+ views
    IBD Editorials ^ | July 15, 2010 | Investors Business Daily staff
    Energy Policy: As the job-killing deepwater drilling ban continues offshore, our interior secretary defends an onshore ban imposed in Utah. If we could drill in places like that, maybe oil wouldn't be gushing a mile under the Gulf of Mexico. The 64-million-gallon question in the Gulf oil spill is why we were drilling 5,000 feet down in the first place. The administration line, as expressed by the president in his recent Oval Office speech, is that oil resources on land and just offshore are running out. The falsity of that claim can be seen in the battle over 77 oil...
  • Environmentalists Also To Blame For Exxon Valdez And Gulf Spills (Duh)

    06/01/2010 5:02:16 PM PDT · by Kaslin · 13 replies · 686+ views
    IBD Editorials ^ | June 1, 2010 | Investors Business Daily staff
    Energy Policy: To save the environment, a senator from Pennsylvania wants to shut off a major source of natural gas. Weren't the roads to the Exxon Valdez and Deepwater Horizon disasters paved with equally good intentions? Environmentalism did not cause the Deepwater Horizon oil disaster, but it did help make it possible, just as 1989's Exxon Valdez disaster, which the Gulf Oil spill has now eclipsed, was also ironically made possible by a desire to protect the environment. The original plan when oil was discovered at Prudhoe Bay on Alaska's North Slope was to build a pipeline directly to the...
  • The Saudi Arabia Of Shale

    08/21/2009 5:05:26 AM PDT · by Vincent Jappi · 18 replies · 2,222+ views
    INVESTOR'S BUSINESS DAILY ^ | August 17, 2009
    Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy? Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale...
  • The Saudi Arabia Of Shale

    08/17/2009 6:14:56 PM PDT · by Kaslin · 47 replies · 4,070+ views
    IBD Editorials ^ | August 17, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy?Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale stretches...
  • A Chance In Shale

    11/19/2008 5:45:38 PM PST · by Kaslin · 6 replies · 987+ views
    IBD Editorials ^ | November 19, 2008
    Energy: New drilling techniques may open up a 14-year supply of natural gas trapped in porous rock in the Northeast. That is, if environmentalists in New York and elsewhere don't keep it trapped in the ground.Natural gas is the cleanest of the fossil fuels, so clean that it is a key part of oilman T. Boone Pickens' plan to wean us off foreign sources of energy. Natural gas can fuel a new generation of automobiles that would help us achieve energy independence and at the same time contribute to a cleaner planet. In the northeastern U.S., there is a massive...
  • American Crude

    10/08/2008 5:25:12 PM PDT · by Kaslin · 13 replies · 1,384+ views
    IBD Editorials ^ | October 8, 2008
    Energy: With a media wind at his back, Barack Obama regularly gets away with false and distorted statements. He repeated one Tuesday that seems superficially plausible but should not go unchallenged.ust as he said during the Sept. 26 University of Mississippi debate with John McCain, the Illinois Democrat claimed during the Nashville town hall setting that "we have 3% of the world's oil reserves and we use 25% of the world's oil. So what that means is that we can't simply drill our way out of the problem." It's disappointing that McCain failed to call out Obama on his figures,...
  • Will Congress Cross The Jordan?

    08/12/2008 5:35:42 PM PDT · by Kaslin · 4 replies · 628+ views
    IBD Editorials ^ | August 12, 2008
    Energy: While members of Congress take vacations their constituents can no longer afford, a country prepares to end its dependence on foreign oil by extracting supplies from shale rock. It's not the U.S. It's in the Middle East.Jordan imports 95% of its oil. Unlike the U.S., the desert kingdom plans on doing something about it. It does not, however, plan to cover its flat open spaces with solar panels or wind farms. It's going to do something the Democratic Congress has refused to do — get oil from its abundant shale rock. On Sunday, Maher Hjazin, head of the Jordanian...