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. In North America, tight shale oils are being fracked in the northern Bakken (spanning North Dakota, Montana, Saskatchewan, and Manitoba); in Eagle Ford, Barnett, and the Permian basin in Texas and
As conventional crude oil supplies have peaked and leveled off globally in recent years, oil has begun to transition, as shown in figure 2. Many current forms of oil that were once considered unconventional are now grouped into the conventional category, from ultra-deep oil in the Gulf of Mexico to Maya heavy oil in Mexico. These and other new transitional oils are being developed as well—from shale rocks saturated with oil over a broad, continuous area, with the fabric of the rock itself trapping the hydrocarbons in place. This oil transition is in turn giving way to an oil transformation. N
There's a reason why we're still highly dependable on crude, because we're not the point of technology to use oil shale and shale oil's at the same capacity.
Originally posted by Juggernog
But we are at that point man, thats what I am trying to say. The Eagle Ford fields here in S Texas are already producing wells and theres already a line straight to the Valero refinery near where I live.
Originally posted by Juggernog
Originally posted by spyder550
Curse you Obama for not letting drilling happen and double curse you for bringing gas prices down!!!!
Down, wtf are you smoking? Gas was 1.85/gallon when he took office and now its at 3.35
Ohhh, you mean its "down" from the high of 3.79?edit on 27-6-2012 by Juggernog because: (no reason given)
For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported today. Bloomberg writes that to offset weak U.S. demand, refiners exported 439,000 barrels a day more than were imported the year before. In 2010, daily imports averaged 269,000 barrels, according to the Petroleum Supply Monthly report.
Originally posted by spyder550
Originally posted by Juggernog
Originally posted by spyder550
Curse you Obama for not letting drilling happen and double curse you for bringing gas prices down!!!!
Down, wtf are you smoking? Gas was 1.85/gallon when he took office and now its at 3.35
Ohhh, you mean its "down" from the high of 3.79?edit on 27-6-2012 by Juggernog because: (no reason given)
The Captain and crew of the clown car have been blaming Obama for the increase for the the last 6 months I just figured that when gas is down a dollar or so than Obama gets the credit -- am I not understanding how that works??