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Originally posted by Bspiracy
I seriously don't understand your viewpoint.
In my life riches are garnered through love and last forever.
On top of the gold, oil, artwork and whatever you deem "riches" would you like the heads of the children killed in war stuffed and mounted on your wall? That would be cool eh?
Originally posted by intrptr
You spoiling for more war?
Your spoil is you get to buy the gas at the pump.
That extra couple of bucks it costs right now?
Well that is the cost you incurred to pay for that war.
reply to post by SLAYER69
They do have supposedly over a few Trillion dollars in Rare Earth Minerals though
We have enough oil in our own country to supply ourselves for the next 100 years..The Dakotas, Colorado, have HUGE amounts of oil underneath them.
Originally posted by SLAYER69
reply to post by SaturnFX
War is good for the economy.
Originally posted by Goldcurrent
Since you are most likely American, and your country had been at war in the middle east for a good portion of the past 20 years, I would say the price of gas is your spoils.
Yes it may seem steep to you, but the rest of the civilized world pays much more for a gallon of gas.
This thread has some prices from various areas.
Europe seems to have it the worst.
Originally posted by Juggernog
reply to post by intrptr
Want a link? Im sure you know how to use google
People are so lazy. Theyd rather take the time to say "proof" or "link" than they would to look it up themselves..
Well, there I did half the work for you and it took all of .0.32 seconds each (according to google.)
In the good areas of the Bakken, with higher porosity and lots of fracture permeability, the recovery might range as high as 5% to possibly 15%. Typically only a few areas, or "sweet spots," will have recovery this high. Outside the sweet spots, recoveries are likely to be much lower; the reservoir quality will deteriorate, with lower porosity, lower permeability, and fewer fractures, and/or thinner beds of reservoir rock. In these areas, recovery will probably be less than 5% of the oil in place, and in some areas less than 1%. Estimating recovery factor in shale reservoirs is more an art than a science; only after several years of production, and with very good data, can a reliable range of recovery be estimated.
“The Green River Formation--an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming--contains the world's largest deposits of oil shale,”Anu K. Mittal, the GAO’s director of natural resources and environment said in written testimony submitted to the House Science Subcommittee on Energy and Environment. “USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified. “The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,” Mittal told the subcommittee. “At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world's proven oil reserves.”
Not to Be Released Before 9:30 a.m. EDT Thursday, May 10, 2012
edit on 23-5-2012 by Juggernog because: (no reason given)