When Will It Happen?
Time after time we are told we have all the oil we need right here. If the Global Warming crowd want to reduce global emissions, encourage America to drill and produce their own oil products. What?
That's right. We are paying to move oil from one side of the planet to another. Tankers burn tons of fuel and risk huge environmental catastrophes every day. We do all the refining at coastal refineries, once again enhancing the risk and environmental hazards. Pushing the heat for the process into a fixed area, instead of spreading it out minimizing the heat exposure. Putting refineries all over the country minimizes the need to transport fuel and other oil based products reducing emissions. The crude we have in the US is a sweet grade being easier and cheaper to refine. Once again accomplishing the goal of reduced emissions and reduced global warming.
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.
New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes. About 105 million barrels of oil were produced from the Bakken Formation by the end of 2007.
The USGS Bakken study was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol as required by the Energy Policy and Conservation Act of 2000.
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.
"It is clear that the Bakken formation contains a significant amount of oil - the question is how much of that oil is recoverable using today's technology?" said Senator Byron Dorgan, of North Dakota. "To get an answer to this important question, I requested that the U.S. Geological Survey complete this study, which will provide an up-to-date estimate on the amount of technically recoverable oil resources in the Bakken Shale formation."
The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels. Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil estimates.
Read the rest if you dare.
What about the Natural Gas Report on areas in Oregon and Washington? This report was completed this year and WOW. Seems we have plenty of gas and oil here as well.
Maybe the Oil in Western Colorado would get noticed. This is a rather sizable find for surveying only a 35 square mile area.
Maybe a look at the USGS map or oil and natural gas surveys would help?
Since nobody is doing anything about this, perhaps you could write your elected officials and get the ball rolling. I did.
Why aren't they lobbying the government right now?
Here is a study that is two years old and I am still waiting for congress to put this in motion instead of using Cap and Trade.
3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—
Released: 4/10/2008 2:25:36 PM
Released: 4/10/2008 2:25:36 PM
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.
New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes. About 105 million barrels of oil were produced from the Bakken Formation by the end of 2007.
The USGS Bakken study was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol as required by the Energy Policy and Conservation Act of 2000.
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.
"It is clear that the Bakken formation contains a significant amount of oil - the question is how much of that oil is recoverable using today's technology?" said Senator Byron Dorgan, of North Dakota. "To get an answer to this important question, I requested that the U.S. Geological Survey complete this study, which will provide an up-to-date estimate on the amount of technically recoverable oil resources in the Bakken Shale formation."
The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels. Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil estimates.
Read the rest if you dare.
What about the Natural Gas Report on areas in Oregon and Washington? This report was completed this year and WOW. Seems we have plenty of gas and oil here as well.
Maybe the Oil in Western Colorado would get noticed. This is a rather sizable find for surveying only a 35 square mile area.
Maybe a look at the USGS map or oil and natural gas surveys would help?
Since nobody is doing anything about this, perhaps you could write your elected officials and get the ball rolling. I did.
Labels: America, Energy, Environment, Technology
posted by ablur at 9/25/2009 04:16:00 PM
3 Comments:
Not to mention it would keep BILLIONS of dollars here at home, and create thousands of jobs.
I have been screaming about this to my Senators and Congressmen for years and they act like it's nothing important.
Dang, I wish we'd do this. Stop giving our money, or at least less of it, to the Saudis...then we wouldn't have Presidents kissing their butts and dancing with them, and we wouldn't be so afraid of what they would think when their neighbors are terrorists and we want to go after them...
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