View Full Version : $10 Barrel Oil ???
05-02-2006, 02:03 PM
where are they going to find the necessary amount of process-water in the middle of COL?
05-02-2006, 02:35 PM
Oil produced from shales has been done for a long time. It is not only under the Rocky Mountains, but oil and gas is contained in shales over much of the US. A concerted effort to begin producing these shales began in the late 80's when other exploration (the easy oil has been found) began to decline.
This is not a hidden or secret discovery. Geologists, oil companies, the government, etc. have known it existed for years. There has been no attempt to "hide" anything, no conspiracy, nothing. (I realize the conspiracy theorists won't believe that statement, but it is true.)
Technology to produce oil from shales is still in it's infancy. It involves much more than simply drilling and completing a well to produce. The shale is tight and of low porosity (void space between the grains of shale) and permeability (ability for the oil to flow through the shale). For example, typical rock may have a permeability between, say, 1-1000, with 1000 being a very easy flow path. In contrast, shale may have a permeability of 0.01 to 0.00001, very resistant to flow.
Yes, there is much oil in shale in the US. How much will it ultimately cost to get it will depend on the success of upcoming technology to get it out. This I know, if it were easy we would already be doing it.
You may now return to your regularly scheduled opinions.
05-02-2006, 02:41 PM
Oh, and by the way, Brazil's 1.5 million tons of oil equates to about 10.67 million barrels of oil, about enough to keep the US going for about 12 hours.
05-02-2006, 06:30 PM
Huge potential in oil shale,but the technology isn't there yet to produce on a large enough scale to replace our oil dependance.
When the price of oil is high enough, research will be more feasable.
The arabs are pricing themselves out of a job
05-03-2006, 01:35 PM
I pray that one day the free world will starve the islam-out-of-them.
...but, judging by their palaces and cities they are building in the middle of the desert...it may take a while.
100-years of oil left in the middle east???
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