Why aren’t we accessing this?
Reston, VA – North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil.
Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources.
…The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states and is the largest “continuous” oil accumulation ever assessed by the USGS. A “continuous” oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences. The next largest “continuous” oil accumulation in the U.S. is in the Austin Chalk of Texas and Louisiana, with an undiscovered estimate of 1.0 billions of barrels of technically recoverable oil.
Thanks Tommy Salami
I will translate for you.
Technically recoverable means economically unviable.
its really very simple,because of the assclowns we put in office,and Heaven forbid Im not calling any names but there is a lot of blame to put on ALL the assclowns in office D AND R,DAYUM we could have cheap gas for the next 100 years ,the number 1 cause are the stupid enviromental losers
I live in North Dakota and there is a huge explosion of drilling going on here in the past couple of years. However, it’s expensive to drill and extract this oil, and with the current price of crude, activity is slowing down.
Sue and Shadow are right on. If the price of gas at the pump stays at $4.00 or more then the oil companies can make a profit finding and extracting the oil. Why would Exxon-Mobil produce oil at $4.00 a gallon when they can only sell it for $2.00? That folks is supply and demand.
Agreed. Let’s dig up all of the oil and push the burden of discovering viable renewable energy sources to future generations. I’m sure 100 more years of increasing fossil fuel combustion (don’t forget China and India) won’t be a problem. Besides – it’s every American’s god given right to drive around by ourselves in a Canyonero. In fact, let’s change the driving age to 10 so that Joe Shmo and wife and their 5 kids can all drive their own Canyoneros. Come on. Sing it with me…
“Can you name the truck with four wheel drive,
Smells like a steak, and seats thirty five?
Canyonero! Canyonero!
Twelve yards long, two lanes wide,
Sixty five tons of American pride!
Canyonero! Canyonero!”
http://simpsons.wikia.com/wiki/Canyonero
“technically recoverable” means expensive to process. we’re all stuck on the “sweet crude” from the middle east. it takes nearly nothing to precess. we wont use the northern reserves until we HAVE to pay for it.
We aren’t accessing this because the Obamessiah doesn’t like oil. Period.
“Screw you, America! You’re going to pay higher prices for gas and like it, even during a recession!”
“We aren’t accessing this because the Obamessiah doesn’t like oil. Period.”
Uh, last time I checked, Obama was just elected. Oil-happy Republicans have been running things for a long time. Wanna rethink your opinion into something a little less ridiculous?
I agree that we should use up all the available oil before we switch completely to non-petroleum power; it would be silly to end up with cars and other machinery, etc. that only runs on alternative power when there is still oil left to harvest. But we need to be developing good non-petroleum power NOW, so that when the oil is gone, we are ready to replace it with something else.
Damn Sue, I’m impressed.
A couple of quick searches indicate that the US uses 6.6 billion barrels of oil per year (or ~18 million per day). So, you want to turn North Dakota and Montana into a toxic wasteland, poison the water supply, and spend billions of dollars for less than a year’s worth of oil? Sounds like a losing proposition to me.
I say we continue to bleed the world dry. Then in 100 years we will be one of the few places with oil left. See, I am looking out for future generations.
B.O. stinks.
Why does it have to be all or nothing? Why can’t we develop and use alternative sources, which will ease the demand on oil a bit, and continue to explore and drill for new oil?
The safest and most efficient power production is nuclear, but liberals don’t want that. Wind and solar will never provide more than 10% of the US’s needs Sen. Ted Kennedy FOUGHT against wind power off Cape Cod because he’d see the windmills…from his yacht.
Major industries are still going to need fossil fuels. Plastics come from petroleum. A LOT of the products in and around your home are petroleum-based…countertops, vinyl floors, carpeting and padding, some trims and mouldings, laminate flooring, plumbing, tub enclosures, shingles, siding, gutters, pool liners, asphalt driveways and roads, some of your clothes, purses, credit cards, driver licence, Vaseline Petroleum Jelly, and a LOT of makeup etc. 55% of the material in a tire…for ANY car, big or small, is petroleum-based, no matter if you fill it up or plug it in (which btw will increase demand on the power grid)
Unfortunately, Tony, I need to drive a truck in my job. Drive by any construction site and you won’t find any Smartcars. I can’t get 25 sheets of 4′ x 8′ x ½” plywood or a 60 yard roll of carpet on a bike or in a Smartcar or onto the city bus. Just not buying a big car is not going to solve the oil situation…We will always need oil.
Want to watch a scarey movie?
A Crude Awakening
The Oil Crash
http://www.oilcrashmovie.com/
If you have a Netflix account this movie is available for online veiwing.
The main problem with this is that some 12 stripe, two nosed, freckled 3 legged sloth that nobody cares about will die if we disturb the area. This is mainly because neotropical migratory waterfowl overfly the area, and the massive amount of poop they create causes algie and moss to grow.. which is what the sloth eats. Obviously if someone builds a big oil well there, the birds wont fly over it, and we can kiss the sloth goodbye forever.
Dont bet on this stuff ever getting extracted until oil gets back above $100 a barrel.
D.J., some interesting points were mentioned in the above comment, nicely worded. B.O. needs to drop the stimulus package and get realistic, get people back to work at the jobs they lost,not create more jobs. It took him less than 3 weeks to hose things up worse…..DRILL BABY DRILL.
Klaw – I don’t see much in that stimulus that’s going to help people’s purchasing power…And if people aren’t purchasing, we don’t need workers to make what isn’t being bought.
Grow the economy, not the government.
Woohoo Canyonero!
I thought this might be a topic of lively discussion.
http://www.ranken-energy.com/Products%20from%20Petroleum.htm
mu – Texas sure isn’t a toxic wasteland. Neither is Southern California or Oklahoma or Alaska or Pennsylvania or the Gulf.
Using ridiculous scare tactics doesn’t really help either side of the discussion.
B.O. is trying to jam the stimulus down our throats, of course we are paying for it. How did we recover from that great recession of 84?
in the 90’s i was working on a drill ship off the north cost of Alaska near the Canadian border we found some vary large reserves that cant be taped because they lie off anwar.
BTW. Bella it was a Canmar ship out of Yukon territory them Canadians build a nice rig.
the stimulus wont do a damn thing because its loaded up with pork big time,has anybody looked at the list of bullsh*t on it,and our great grandkids will pay for it
MY POINT, SORRY FOR SCREAMING. I was hoping to wake people up and make them aware that the spoonmalt will fail.
Most of the provisions in the House version of the stimulus bill wont take effect until 2011.
Infidel,
You as a grandfather……
Now I’m really scared. 😉
dont worry Mike I dont have kids
Very well said, DJ. Certainly more complex than everyone just buying an electric car. I didn’t realize just how many things were petroleum based.
Bella – ALL plastics – Computers, tvs, radios, your car dashboard, cellphones, printers and ink cartridges, small appliances, milk jugs, kitchenware, varnishes…the list is endless.
We can’t drill because the environmentalist whackos and P.O.S. Democrats won’t let us. It’s more important to them to pretend global warming exists than to let people in the north and east HEAT THEIR HOMES. Assholes.