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GAO: Recoverable Oil in Colorado, Utah, Wyoming 'About Equal to Entire World’s Proven Oil Reserve

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posted on May, 12 2012 @ 03:59 PM
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reply to post by DAVID64
 


For anyone to think the oil companies will lower their profits and profit margins just because they have new oil is laughable. The tankers sit in the Gulf off of Houston for months at a time if the price is too low for them and then dock when it gets high enough. It's oil SHALE, not just oil in the ground. Extensive fracking will be needed, and fracking poisons..... without a doubt in any actually intelligent person's mind...... water tables and aquifers. Injecting poisons into the ground? GREAT idea, huh? It doesn't end up being oil in the hands of the taxpayers, its oil in the hands of the oil companies! For them to sell to us at a profit! This is not a National Resource we can use for ourselves and get cheap gas! In fact, it most likely will get sold on the open market to the world! Which is what will happen to the Keystone Pipeline oil from Canada! People that think that oil will cheapen our prices are foolish too! It's a world market. The oil gets sold to the highest bidder, PERIOD! Without nationalizing resource end use, this the way it works!!




posted on May, 12 2012 @ 04:14 PM
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that admission sounds like a boast----
if the USA did not have a nuclear deterrent...and a massive fleet of killer drones at it's disposal

then many desperate nations that can't pay Saudi or Venezula prices for petroleum might entertain the idea of 'liberating' the USA and confiscate their oil/coal/shale reserves that is depleated in the rest of the world


i've seen the USA reluctance in developing oil fields as a 'sandbagging' action...so that we pay deflating dollars for a limited resource (oil) while keeping our reserves untouched... giving the future USA a great advantage in geo-political hegemony


its a slow ticking timebomb which can either benefit the USA's future presidents or draw incoming missiles in a ploy to disable the USA & its strangle hold on the global energy supply



posted on May, 12 2012 @ 10:43 PM
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Originally posted by LuckyLucian
reply to post by xuenchen
 


For the most part there's no "development" needed. That's simply an excuse thrown about by people that apparently want an excuse to keep polluting the planet. Funding and manpower is what is needed. The actual willingness of lazy Americans to get off their fat asses and do the dirty work of building a sustainable energy grid from the ground up. It is that which so many Americans balk at. Actual work. The majority of jobs here are now service jobs that only require them to push a button on a phone or computer.

You live in Vegas, an inhospitable place which consumes much more power than other American cities. Two thirds comes from coal, a third from natural gas, with a tiny fraction from Hoover Dam. There are on average 310 sunny days in Vegas a year. Is solar energy perfect? No. Could it supply Vegas with all its power needs? Yes. Would it be expensive? Yes. Would its cost be drastically reduced over the years as the process is streamlined and better technology is implemented? Yes. "Oh, but what about days when it's cloudy, huh? Or at night with all the Vegas lights and 24 hour a day casinos and restaurants and bars and..." Thermal salts. Thermal power storage is viable and works. Or how about geo-thermal energy? Completely sustainable. Dirt cheap after its initial costs. It would be expensive to find a viable place to plunge a well and build the piping, tubes, turbines, etc. But once that's done there's no remaining costs but maintenance.

There are dozens of alternative energy sources to tap, but we've been duped into Big Oil's great lie. Paid for with our own money being dumped into their pockets and thrown back at us as propaganda.

By the way, I absolutely love Vegas. I'm currently debating moving to North Las Vegas, a few blocks from Aliante Station off of Elkhorn Rd. So I am by no means taking a swipe at Vegas in particular.


You are absolutely right about Las Vegas being a giant offender of power mis-use.

The main sections are of course the Strip and Downtown.

The "Local" casinos use it up too, all 24 hours.

It does seem the power company here (NV Energy) has a lot of solar and other projects going.

I don't know what percentage that is, but the private investments are working here.

It looks like they have stayed away from the corruption to a point.

This link has some info from the power company.

The left side has other sources currently in use too.

One neat one is the Nellis AFB.

NV Energy



posted on May, 12 2012 @ 11:57 PM
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reply to post by xuenchen
 


Thanks for that link. Definitely interesting information. Most of those say they're under development, and the type I'm talking about is that Crescent Dunes Solar Energy. Solar mirror array focusing sunlight to a central tower which uses the solar heat to create the energy, while storing it as well with a thermal salt system. 110 Mw is decent for a first time system for NV.

However, even if all those were currently online they would create 283.68 Mw, not even a dent in the 30.8 million Mw used by metro Vegas, let alone NV as a whole. There's a lot of work to be done.

I just really don't comprehend any argument against getting away from coal, petroleum, etc. The technology is there, the backbone to go out and make the evolutionary leap isn't. Nevermind any arguments about AGW, or any sort of climate change argument, we're simply talking about is it better to be clean and responsible? Or do we continue to pollute our air, water and soil for the sake of being lazy and putting things off over and over?

I just think it's time to do the right thing. Enough with sending billions to the Middle East. Enough with pumping poisonous fluids into our own ground just to bring up a moderate sum of oil. Enough with wholesale destruction of Appalachia strip-mining and dumping refuse into valley streams. It'll be difficult, but all great achievements are. I for one want my grandchildren living in a healthier, cleaner America. (The politics are a whole different mess.) Isn't it possible to create a consensus about this?



posted on May, 13 2012 @ 12:12 AM
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This oil is not economical to recover now, and may never be compared to other options.

It is equivalent to trying to mine for gold in the ocean, yes there is tons of it out there but it costs more to get it than it is worth.



posted on May, 13 2012 @ 12:22 AM
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Energy Independence is possible, but not desirable.

People forget that importing oil means tax money and a lot of it. If we are exporting oil, taxes are not being collected - profits yes, but the government gets its money from import taxes.



posted on May, 13 2012 @ 01:08 AM
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Until there is a viable option for the combustion engine, nothing will change
I would rather buy fuel produced from domestic sources even if it cost a little more
Electric cars are not the answer unless; you are interested in a nuclear power plant in every town.
At some point in the future hydrogen will probably be developed, it is a very common element with a lot of potential



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