Oil Deposit Could Increase US Reserves 10x 869
HighWizard notes the upcoming release, on Thursday, of a report by the US Geological Survey on the Bakken Formation. This is an oil field covering 200,000 square miles and underlying parts of North and South Dakota, Montana, and Saskatchewan. A geologist who began surveying the field, before dying in 2000, believed it may hold as much as 1 billion barrels of recoverable oil. Later estimates have ranged to the hundreds of billions of barrels. Such a reserve would go a long way toward securing US energy independence.
6000SUX (Score:4, Funny)
http://youtube.com/watch?v=FLMVNyYb1SE [youtube.com]
Re:6000SUX (Score:4, Funny)
Re:6000SUX (Score:5, Interesting)
Re:6000SUX (Score:5, Funny)
Re:6000SUX (Score:4, Insightful)
Re:6000SUX (Score:5, Funny)
Only 10% of oil goes to automotive gasoline? (Score:5, Informative)
According to this cute chart:
http://www.energy.ca.gov/gasoline/whats_in_barrel_oil.html
A little more than 50% of a barrel of oil becomes gasoline.
And this little tidbit from the plastics industry:
Less than
oil goes into making all the plastic bags used in the US while 93% - 95% of every barrel of
crude oil is burned for fuel and heating purposes. Although they are made from natural gas or
oil, plastic bags actually consume less fossil fuels during their lifetime than do compostable
plastic and paper bags.
http://www.plasticsindustry.org/about/fbf/myths+facts_grocerybags.pdf
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Seriously, how many pounds of plastic bags could you possibly be using in a year? How many pounds of plastic on in your car? A weekly 15 gallon fill-up is about 90 pounds of fuel, or a little less than 2.5 tons a year. My whole car doesn't weight that much, and most of it is steel.
Save your bags if it makes you feel good, but it ain't gonna make any real difference.
Re:Only 10% of oil goes to automotive gasoline? (Score:5, Insightful)
Re:Only 10% of oil goes to automotive gasoline? (Score:5, Insightful)
- I burn about 1500 gallons of gasoline per year, which is around 7500 pounds of oil-based product.
- I use about 250 bags per year, which is perhaps 10 pounds of oil-based product.
Clearly the majority of my oil usage goes towards gasoline, and the plastic bag impact is negligible... just as the other guy was telling us.
Re:6000SUX (Score:4, Funny)
I wasn't as surprised by the "save a tree" comment by the lady behind the counter as I was with the conversation I had with a 6 year old (rather ghetto looking) while I stood in line. Went something like this:
6yr old: True or False!...Boys wear panties or boxers?
Me:.....Um false.
6yr old: Wrong! My brother wears panties because he says boxers are too manly.
I'm usually pretty quick but I couldn't think of anything to say to that. That was a very interesting day at Wal-mart.
Re:6000SUX (Score:4, Insightful)
I've done this for just about every grocery trip for the past two or three years (except for maybe once a month or two when I actually want a few bags for household garbage cans).
You don't have to be an ecowarrior to think that the number of bags that we use (and throw away) is ridiculous. Here in Canada it's something like 10 billion a year (!).
But the 'environmental' aspect of it is only part of it. Frankly, I stopped taking bags from the grocery store mostly just because I was sick of having so many of the damn things that I would never use. But once I started, I realized just how more convenient it is to have a larger sturdy bag (or bags, usually) that I can throw over my shoulder instead of a dozen or so flimsy plastic ones that are uncomfortable to carry.
Even when I'm doing a larger shopping run with a car (about half the time over the winter) it's still a hell of a lot easier to carry two big blue ikea bags to the kitchen.
Over these past 3 years I've noticed a huge shift in attitudes about the whole thing. It used to be that I'd have to practically shove the grocery bagboy out of the way and get into a discussion about why I didn't want their bags. Now it seems like at least a third of people bring their own bags, and most stores give a 5 cent discount for it (yay. 5 cents).
Re:6000SUX (Score:5, Funny)
On the other hand, here is a shameless insertion of a new joke into the top of the /. heap:
In other news the newly formed state of Montkota is preparing to annex Saskatchewan and secede from the union. George bush has declared all Montkotans "terrorists" and is preparing to invade.
Re:Environmentalist nutjobs (Score:5, Interesting)
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There are also major new discoveries of oil in Vietnam [aapg.org] and Southeast Asia. So why am I paying $3.40 for gas????
And why don't these new discoveries make to the news networks, radio or newpapers???
Because these aren't new discoveries. They are old, know deposits that were, for one reason or another, not economical to tap when the price of oil was low. Now that it is high, it makes economic sense to tap these reserves. If the price went down again, the reserves would no longer make enough profit to justify using them.
We have more oil? (Score:5, Funny)
I wonder what this does for theories of for oil. Some people theorize that petroleum is left over from the formation of the earth, rather than created by the fossilization of carbon life forms. [wikipedia.org]
This reserve may be difficult to tap fully because of the nature of the rocks. I wonder if nuclear weapons would help. I guess it depends on how and where they were deployed.
How many tons of CO2 would be created with the burning of 500 billion barrels of oil? BTW, 500 billion barrels of oil would be about 1/6th of the world's oil reserves.
Is there really that much oxygen in the atmoshpere to burn all that? Let's see. The earth's atmosphere weighs 5 quadrillion metric tons... [wikipedia.org] OK, no worries there.
but, but, the global warmings! The sea level could rise 50 feet in the next century. [checks current elevation of homestead] OK, that's fine.
But it would be hot! [checks average temps for homestead] ok, yeah, I can get behind that.
What about the polar bears? [checks polar bear shares in 401K] We're looking good!
But the crops! The crops won't grow! [Checks map of world showing land in permafrost [uwsp.edu]] Looks like a net gain to me.
Ok, yeah! We have more oil! Can we exploit it faster than we have more people?
Re:We have more oil? (Score:5, Funny)
Perhaps you can explain--exactly under what circumstances do nuclear weapons not help?
That said, those sound like fightin' words so I'd be careful. We might not have much up in Montana, but we do have nukes. Some 200 ICBMs [nukewatch.com] with several MIRVs to be exact. You want our oil? Come and get it!
Re:We have more oil? (Score:5, Informative)
I wonder what this does for theories of for oil. Some people theorize that petroleum is left over from the formation of the earth, rather than created by the fossilization of carbon life forms. [wikipedia.org]
The reason that the Bakken is just now considered a viable reservoir is not because more oil has been generated but because the technology and price of oil have advanced enough to where it's now a viable and economic source of oil. The current buzz about the Bakken is specifically relegated to horizontal wells, a technology that has just recently come into its own.
This reserve may be difficult to tap fully because of the nature of the rocks. I wonder if nuclear weapons would help. I guess it depends on how and where they were deployed.
How many tons of CO2 would be created with the burning of 500 billion barrels of oil? BTW, 500 billion barrels of oil would be about 1/6th of the world's oil reserves.
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Which is why that decision should've been made decades ago. The switch will never be painless, just like switching from MS Office or Windows to the competition will never be painless.
Re:We have more oil? (Score:4, Insightful)
Why do you think planning things decades ahead works? Why do you think we'd make better decisions than the ones we did make? For example, fifty years ago, we had a good idea about the extent of Middle East oil (it was starting to be exploited), but no idea about how unstable the region was going to be. Nuclear power looked huge (they were planning at one point to have 40-50 nuclear plants lining just the California coast to exploit the Pacific Ocean as a heat sink). Solar and wind power (for electricity generation) weren't developed yet. They still had some places to put in hydroelectric plants in the developed world. Computers and space technology were very crude. We just found out about DNA. The greenhouse effect was just a vague theory. The economic surge of the Third World wasn't expected.
I guess my point here is that any energy-based plans in the late 50's would be completely obselete by now. You seem to imply that we should have decided to shift away from oil a few decades ago. But what would have been the basis of such a decision? That there were only a few decades of oil production (which incidentally, we're in the process of blowing past)? That fossil fuel burning causes air pollution? Those have been addressed. What we think of as problems now, will be dealt with. It might mean that we move away in the near future from burning fossil fuels, or not. But in fifty years, what we see as problems now, will change. Old problems may vanish while new ones take their place.
Re:We have more oil? (Score:5, Insightful)
Ok, so you are saying that we didn't know decades ago that being dependent on oil [wikipedia.org] might be a bad idea and that we should try to get off it?
--
Simon
Re:We have more oil? (Score:5, Insightful)
The hidden advantage of the current prices is that other technologies become economically viable for development. Besides, there's plenty of OIL right now - current high gas prices are due to a relative lack of refining capacity. I'd bet that when gas hits $5 a gallon in the US, suddenly new refineries will spring up, but also more alternate energy sources will become competitive. THIS IS THE KEY. Once it's really worth it to try out new technologies (a prius does not yet save you money in terms of total cost of ownership), we hit critical mass for research and funding and the market takes care of the rest. Economies of scale will reduce the costs and after a while oil isn't all that profitable, especially when the easily pumped deposits dwindle and it's more expensive to suck it out of the ground.
Re:We have more oil? (Score:4, Interesting)
The reason the price of oil and gasoline are so high right now is the flood of speculative investors into the oil market. That adds a lot of demand, but it's not consumer demand. Production continues, and that oil will have to end up on the market eventually... Whoever the next president is, they will get credit for "solving" the problem, even though the important bits have already played out.
Re:We have more oil? (Score:5, Informative)
I just want to point this out:
The US total refining capacity was 17,443,492 barrels of oil/day, which yields on average, 340,148,094 gallons @19.5gallons gas/barrel of oil. The current consumption of gas in the US is 388.6 million gallons/day (as of 2006)
If those numbers are correct, we are at a 48,451,906 gallon/day shortfall of US domestic production capacity. Since no one wants a refinery in their backyard, there hasn't been a new one built since the 1970's (The last refinery built in the US was in Garyville, Louisiana, and it started up in 1976.)
So "we" as in the US, have a serious lack of refinery capacity.
Sources:
http://www.eia.doe.gov/neic/quickfacts/quickoil.html [doe.gov]
http://www.newton.dep.anl.gov/askasci/eng99/eng99288.htm [anl.gov]
http://www.gasandoil.com/goc/news/ntn12966.htm [gasandoil.com]
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I am not a petrol engineer but I know Chinese (Score:5, Interesting)
So it takes decades to convert our society to renewable energy. That means we start TODAY. In earnest.
The conversion of America to alternative, clean, renewable energy (and not the Ethanol Scam) is an engineering and collective will issue, not a scientific issue.
If I were President, my plan would be to take a manual transmission approach to the issue.
Here's how my "Manhattan Project" would go:
Gear 1 - the quick, short term stuff. Corporate tax breaks and subsidies for electric car production. Electric cars have existed - even electric SUV's (the old RAV-4, anyone? Don't tell me I'm wrong, I NOW HAVE ONE - they're just not being made anymore).
Tax breaks and rebates for solar energy panels on houses and apartments. BIG breaks and rebates, proportional to the kilowatt/hour rating of the installed system. We fund this tax break by stimulating the economy - solar energy purchases and then the resulting rise in consumer spending as energy prices decrease ESPECIALLY DURING THE BOILING HOT SUMMER.
Start funding and constructing pebble bed nuclear power plants. Go bare knuckle with the environmentalists. James Lovelock, the founder of the Gaia Theory, supports this as an intermediate step towards cleaner, more renewable energy in the future. This should take 20-30 years to realize the benefits. Best to start now.
Gear 2 - Incentives for solar powered electric chargers for gas stations to power up electric cars. Make use of the existing infrastructure to change the infrastructure.
Start construction on a 500 sq mile solar farm in a sunny, remote location. Or break up said solar farm into several sunny locations around the country. This is enough power for the entire world during the day.
Slowly phase out coal power plants when exceeded by its solar cousins, but leave enough to take care of night time/bad weather issues.
Government contracts to research higher miles-per-charge for cars.
Gear 3 - A nationwide "give back to the power grid" incentive for homes. Basically, people who generate solar power on their rooftops while they are at work and nothing's going on in their house, profit when they're using no power and their solar panels are pumping energy back into the grid. They get 100% MARKET VALUE for that energy - exactly 1 for 1 versus what they would pay if they used it. Adjusted daily, weekly or monthly, however it goes.
Bigger Government contracts to research higher miles-per-charge for cars. Performance based. Now we start pushing for conversions of the big haulers (big rigs), as well as pushing them to bio diesel with emphasis on converting used veggie oil, etc.
Gear 4 - the first pebble bed nuclear plants go online. Drastic "as immediate as possible" cutbacks in coal and oil powered plants but not enough to completely offset the new nuclear plants.
More Government contracts to research higher miles-per-charge for electric and biodiesel-powered big rigs. Performance based.
Gear 5 - shutdown of all remaining polluting (Coal/Oil) power plants as all planned nuclear reactors go online and the solar farms are up, and over 50% of all US homes are solar powered.
Hopefully at this point we won't need Government contracts for high miles-per-charge cars; the market should reach critical mass. Research for electric and biodiesel powered big rigs continues until every new rig produced runs on one or the other.
Manhattan project complete. The big mushroom cloud you see is the giant earth-shattering KABOOM that is OPEC corporate heads exploding along with their profits.
Re:I am not a petrol engineer but I know Chinese (Score:5, Interesting)
Right now, nuclear is the only viable alternative to coal that we have. Based upon the proposals for new plants to be constructed, it looks like Nuclear is quickly becoming the preferred source for new construction. It won't happen overnight, but I'm confident that we're moving in the right direction.
I don't think you go far enough. (Score:3, Interesting)
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Tax breaks and rebates for solar energy panels on houses and apartments. BIG breaks and rebates, proportional to the kilowatt/hour rating of the installed system. We fund this tax break by stimulating the economy - solar energy purchases and then the resulting rise in consumer spending as energy prices decrease ESPECIALLY DURING THE BOILING HOT SUMMER.
This is unfair. Why should someone in the northeast, where there is much less sunlight, have to pay for someone to get cheap electricity in the southwest? In fact, most of the country is not hot and sunny year round. Only the southwest. It's not like you can transmit their energy to people in the northeast. If the state of Arizona or New Mexico wants to do this, great. But it should not be federal.
Incentives for solar powered electric chargers for gas stations to power up electric cars. Make use of the existing infrastructure to change the infrastructure.
Corporate tax breaks and subsidies for electric car production. Electric cars have existed - even electric SUV's (the old RAV-4, anyone? Don't tell me I'm wrong, I NOW HAVE ONE - they're just not being made anymore).
You RAV4 (according to Wikipedia) can do
Re:I am not a petrol engineer but I know Chinese (Score:5, Insightful)
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Well, a 3-hour train ride is much more fun for kids (due to being able to run around, having more space, etc) than being strapped into a car seat for 3 hours. That is, if you have decent quality trains. If you have _fast_ trains, then those 250 miles would be a 2-hour train ride, which oughta beat the heck out of driving, especially at the slow speeds allowed in the States.
Re:biotic origin (Score:5, Informative)
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Re:The real question is *SHOULD* you use it (Score:5, Insightful)
Well of course we should use it.
We're going to need every drop of it to invade all the other oil producing nations so we'll have even more oil. All sarcasm aside, this is a really going to be a set back to the American economy in the long run.
While we are spending our time and money pulling oil out of the ground we are not going to be making any effort to develop alternatives, while the rest of the world (except China) is actually going to work on developing alternative energies.
At some point we need to address the question of whether it's more important to lower the price of gas at the pump or take measures to develop more sustainable alternatives while we still have some oil to fall back onto. Alternatives to oil are not limited to the fuel pump, but all applications of oil. And plastic is going to be a hard one to replace.
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At some point we need to address the question of whether it's more important to lower the price of gas at the pump or take measures to develop more sustainable alternatives while we still have some oil to fall back onto. Alternatives to oil are not limited to the fuel pump, but all applications of oil. And plastic is going to be a hard one to replace.
The thing most people don't understand is that oil reservoirs deplete. As you pull oil out of the rock it decreases the pressure and decreases the amount you're able to pull out in the future. It's not just an issue of lowering the price at the pump. You have to work constantly just to keep the price at the pump where it is, and that's if demand is just steady. If we stop developing new reserves before we have a viable alternative to take its place, this $100/bbl we pay now is going to look like a drop
Re:The real question is *SHOULD* you use it (Score:5, Insightful)
Re:We have more oil? (Score:5, Interesting)
Here's an interesting geothermal/nuclear tie in. Proposed expansion of the Olympic Dam uranium mine in the state of South Australia is going to require electicity equivalent to 75% of South Australia's current electricity production. There are currently experiments in geothermal electricity production being conducted a few hundred kilometres away from the mine which could possibly power it. People tend to forget that nuclear power comes from rock that you have to get out of the ground with effort and not some magic bean.
To complete the circle the hot wet rock was found during exploration of a nearby oilfield. The rock is actually hot due to natural nuclear activity but that is another story.
Re:We have more oil? (Score:5, Funny)
Obviously, we should grow more of these beans.
Re:We have more oil? (Score:5, Interesting)
Now, obviously this is a quantity which is far larger than what we could possibly figure out a way to safely store given 40 - 50 centuries of scientific development, so instead our energy plan is based on the idea that if we subsidize wind power for sufficiently long, they can indefinitely continue to increase in efficiency at the same rate as they have done historically (never mind that pesky theorem of fluid dynamics which sets a theoretical limit at about twice of present achievements ).
Re:We have more oil? (Score:5, Informative)
First of all, most of our oil does not [doe.gov] come from Canada and Mexico. And a lot of it does come from the Middle East and our foreign policy does have a big impact on it.
Secondly, yes Exxon made $40 billion in profits last year. They also spend somewhere around $400 billion to make those profits. Big numbers mean nothing unless you put them in perspective. A 10% profit margin is nothing special.
Thirdly, there is no oil monopoly. Oil companies do not calude with each other, they compete. The oil industry is infinitely deeper than Exxon, Chevron, and BP. There are hundreds, if not thousands of independent oil and gas companies in the US alone. The people that have interests in the Bakken in North Dakota are not the majors. They are companies like EOG, Marathon, Kodiak, and Questar. These companies do not have refineries. They sell at the market price, they have no say in what their product goes for. They do not have enough reserves to make any impact on market prices even if they wanted to.
Re:We have more oil? (Score:4, Informative)
Your link says;
"The top sources of US crude oil imports for January were Canada (1.944 million barrels per day), Saudi Arabia (1.479 million barrels per day), Mexico (1.198 million barrels per day), Nigeria (1.163 million barrels per day), and Venezuela (1.135 million barrels per day)."
The top five in order were;
1) CANADA
2) SAUDI ARABIA
3) MEXICO
4) NIGERIA
5) VENEZUELA
Sure not all of it comes from there, but it's a decent slice.
Re:We have more oil? (Score:5, Insightful)
Re:We have more oil? (Score:5, Interesting)
Valero 13.1%
Conoco Phillips 11.7%
ExxonMobil 11.2%
BP 8.3%
Chevron 5.6%
Marathon 5.4%
Citgo 4.5%
Sunoco 4.5%
Shell 4.5%
Motiva 4.5%
None of these companies could be considered to be in a market dominating position, and 3, including Valero which has the largest market share, were never even part of Standard Oil. Additionally, there are some 50 other companies that control the remaining 27% of oil refining capacity in the US. People like to think of the oil industry as one unanimous big bad wolf, but that just isn't the reality of the situation.
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The big oil companies haven't been making their profit by virtue of artificially controlling the supply, they've been doing it by selling more than they've ever sold before. The profits reaped last year and the year previous wasn't because of raising their profit margins (I.E. raising prices to increase their profit margin), they've been doing it by selling more petrol than in any years previous.
Big Oil has has the same business infrastructure, organizational structure
Re:We have more oil? (Score:4, Insightful)
I couldn't have said this better myself. (Score:3, Informative)
Wrong type of inflation.. (Score:3, Informative)
Re:We have more oil? (Score:4, Interesting)
Nuke is out (Score:3, Interesting)
Fungible (Score:4, Insightful)
So, how far back does this push "peak oil"?
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And therein lies the fundamental error. First off, you're not using "oil"; you're using gasoline or diesel or any number of refined products. You pull up light sweet crude, and it's pretty close to what you want out; you don't have to refine it much. You pull up sour crude, heavy crude, ultra-heavy crude, or even bitumen, and you've got a big refining task ahead of you. You cook oil out of keragenou
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Re:Exactly (Score:5, Insightful)
1) Get a drinking straw.
2) Go to a pool.
3) Start sucking the water out of the pool as fast as you can with that straw. (You probably should not swallow the water)
4) Go to the ocean.
5) Start sucking the water out of the ocean as fast as you can with the same straw. (You definitely should not swallow the water)
6) Now explain to us all how the amount of water that you sucked through the straw was dictated by reserve you are pulling from.
1) Get a drinking straw.
2) Get a really big sponge really soaking wet.
3) Start sucking the water out of the sponge as fast as you can with that straw.
4) If you start getting less water, try a different spot on the sponge.
5) Marvel at how thought experiments can prove anything you want if they are divorced enough from the phenomenon of interest, but note that mine is probably closer to the reality of oil extraction than yours is.
Securing energy independece...until it's gone (Score:4, Insightful)
Re:Securing energy independece...until it's gone (Score:5, Funny)
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The automatic shade of "It's not really as good as it seems" is interesting. Anyway, of course it's not an absolute solution, but is there any reason not to use it?
We still use paper, even though we have digital stuff, too. I don't see why we should make paper insanely expensive simply to push towards going entirely digital (or something like that).
If there's a huge deposit of oil in US... well, hopefully there is no endangered snail that has to live on that huge plot of land. :)
Also, regarding your s
Re:Securing energy independece...until it's gone (Score:4, Insightful)
Depends what you mean by 'use'. If you mean 'burn' then yes, there are plenty of reasons, and almost all of them have to do with taking carbon out of the ground and putting it into the air, while we are spending billions of dollars trying to figure out how to put the carbon back into the ground again.
If you mean 'turn into other products like plastic and vaseline' then go for it
Giant shale fields... (Score:3, Insightful)
Re:Giant shale fields... (Score:5, Informative)
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Count me in.
Posting to undo moderation. Selected Insightful rather than Informative
Comment removed (Score:3, Informative)
Re:At what cost? (Score:4, Interesting)
It's literally pennies to pull it out in Kuwait. But Oil is trading for over $100/barrel now. So if the costs are anything up to about $50/barrel to recover, there's still some profit motive left to go after it.
I've read all sorts of numbers, but I'm wondering at what point it becomes desirable, not just feasable, to go after that oil and start exploiting those fields.
And then there's the conspiracy theorist in me who wonders if they aren't purposely driving hte price of oil up in order to make exploiting domestic oil that much more realistic, and thus wean us off the foreign teat...
Re:At what cost? (Score:5, Informative)
Dear Canada, (Score:5, Funny)
Concerning this oilfield which lays below the Dakotas and Saskatchewan: if you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? You watching? And my straw reaches acroooooooss the room, and starts to drink your milkshake... I... drink... your... milkshake! SLURP I drink it up!
Bludgeonly yours,
the USA
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Re:Dear Canada, (Score:5, Funny)
Re:Dear Canada, (Score:4, Informative)
Re:Dear Canada, (Score:5, Funny)
That may be true, but thanks to the Alberta oil boom of late, we are the current leading edge of new tech for recovery of non-standard types of oil. If you want to have a race to see who can get it out first, we'll even give you a 2-year head start, just to make it sporting.
Yes, yes, we all know you could invade us without breaking a sweat, but can you live without the oil coming in from Alberta? How about the electricity that comes from James Bay Hyrdo? If you wanna see what life would be like without it, imagine everything east of Chicago living under a blackout. Yes, you have a great big expensive army, but I don't think you have enough troops to protect 2000 miles of power lines from being dynamited.
Oh, yeah, and we're a nuclear 'threshold' country, so we could fire up a nuke and a delivery vehicle that could hit Washington in 2 or 3 years max. So draw when ready, pardner.
Sincerely,
The Dominion of Canada.
Ssh! Don't tell anybody! (Score:5, Funny)
Re:Ssh! Don't tell anybody! (Score:4, Funny)
More info needed (Score:4, Interesting)
Last I heard -- a long, long time ago -- extraction of shale oil deposits required abundant water, as the technology then used steam to liquify the oil and release it from the shale.
Last I heard, there was not abundant water in the area of the deposits. If a /. reader with recent expertise in the extraction of oil from shale would post a reply on the most recent technologies and the free or cheap water requirement, I would be, as they say in the Western Movies, "beholden."
Otherwise, like those in California's Central Valley, the extent and practical worth of such deposits is debatable.
Of course, we can hope.
"In situ": The oil is "baked" out of the shale (Score:3, Informative)
The center area is also drilled, and the deep rock there is then heated over the course of a year or two. At some point the hydrocarbons literally boil up to the surface and can be recovered (the land is drilled, but not mined). The ice dam keeps the hydrocarbons from contaminating the ground water.
Shell has been working on this for
Wow, imagine what this will do for gas prices! (Score:5, Insightful)
Oil Dependance (Score:4, Insightful)
"Such a reserve would go a long way toward securing US energy independence."
This is correct:
"Such a reserve would go a long way toward securing US energy dependency on oil."
And in other news ... (Score:4, Funny)
... Canada has just begun to beef up the military defenses on its long southern border.
Re:And in other news ... (Score:4, Funny)
An oil shale field, not an oil field (Score:3, Informative)
Extracting oil from oil shale in the most obvious way involves heating it (probably with oil, but you do get more out than you put in, usually). So, you scoop it out of the massive open-pit mine, heat it, get the oil out, and then dispose of the remaining rock. Paradoxically, you end up changing the nature of the rock, so that it takes up more space than it originally did -- so even if you put all the tailings back into where it was mined, you'd end up with a new set of mountains. The net energy you end up with after processing the oil shale isn't a lot, and ridiculous amounts of water are necessary in the process (water the mountain west just doesn't have.)
It should be noted that the Canadians are talking about building nuclear plants in their tar sands regions to supply the energy necessary to liberate the oil from the tar sands, in sort of a nuclear->oil scheme.
According to the Wikipedia article, there have been oil shale processing programs in the past, some on a fairly large scale. They have fallen by the wayside as conventional oil has been so inexpensive.
I believe that the environmental impact of extracting oil from oil shale on the scale required to keep the world running on oil as it is today would have a devastating environmental impact. Probably not as bad as a nuclear war fought over the remaining conventional oil resources...probably.
No NAFTA - No Saskachewan Oil (Score:3, Interesting)
Last I checked, you americans were talking about shredding NAFTA
What will it be? Cheap oil from your northern friends, or will you finally retrain the people who's manufacturing jobs went to Mexico and stop blaming Canada for it?
Arctic Seafloor has huge reserve as well (Score:3, Informative)
And it looks like some ppl may have a way to get at it now.
400 billion barrels to be exact.
http://www.deepwater.com/fw/main/Discoverer_Enterprise-141.html [deepwater.com]
Naive (Score:4, Interesting)
Re:Nice (Score:5, Insightful)
I wouldn't. Even with that much oil it still is going to run out someday. If anything we should leave it alone for now to ensure that we don't end up with massive shortages as we transition to alternative fuel sources.
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Re:Nice (Score:4, Funny)
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About $50 per barrel - a little higher than oil from Albertan tar sands, which is about $40 per barrel. Considering that the price is $100 per barrel, there are tremendous profits here.
The only problem with that line of thought is that it assumes $100 a barrel is here to stay.
Current prices have nothing to do with supply or demand issues and everything to do with (1) the crappy value of the US dollar, (2) the ongoing instability in/around Iraq, (3) ongoing violence and instability in Nigeria and (4) Hugo Chavez's ongoing nationalization of industries while threatening to stop oil exports to the USA.
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Re:Uhhh, What? (Score:5, Informative)
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Re:Uhhh, What? (Score:4, Interesting)
As a result, if oil supply dropped by even 25% (as it did during the Yom Kippur War embargo in 1973), it would take drastic measures to reduce consumption by 25%. Like shutting factories, gas rationing at the pumps, closing schools in the winter, massive inflation (as transportation costs skyrocket), all kinds of bad stuff. In the long term, people buy more efficient cars or heat-proof their houses, but in the short term, only the most painful of measures can reduce consumption.
National Energy Independence means avoiding this. If multinational corporations threatened to reduce US oil output by 25% if their demands weren't met, we'd have troops nationalizing the oil fields within 72 hours.
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Re:100 Billion Barrels of Greenhouse Gases (Score:4, Interesting)
One of the more intriguing ideas I've heard is to seed the deep ocean with iron.
Iron is a limiting factor in the growth of plankton, especially in the resource poor areas of the ocean.
Add iron, plankton grows. Plankton absorbs CO2, then dies, sinking.
Re:100 Billion Barrels of Greenhouse Gases (Score:5, Informative)
Not a marine biologist, but a marine aquarium owner. Been there, done that.
Re:100 Billion Barrels of Greenhouse Gases (Score:4, Insightful)
There really is incredible amounts of energy wastage we can target first with nothing but behavioural issues and political stubbonness in the way. Airconditioning, transport and lighting are handled in very inefficient ways in a lot of situations and there are many industrial situations optimised for energy pricing that has very little to do with actual energy usage. In a lot of cases there is no incentive at all to use less energy when the sane situation would be to give those that cut their usage a discount. Where the climate change argument got weird and partisan political was when economic penalties and the prospect of a new artificial market to make money in appeared. There is also an overemphasis on penalties which is just making enemies of those that could be using less (but don't use less because they get no saving at all on their energy bills) and just stretches out the time before any action is taken by a few more years. We need to avoid what is really fairytale bullshit from many (not the above poster but often economists) and get back to the idea of actually doing what we can to burn less stuff instead. We're seeing things like traffic lights getting replaced by an array of LED's, streetlights with reflectors so that lower power bulbs do the same job and other measures that cut power consumption in places where the power bill for a city is actually lower if they use less electricity - and no effort at all in places that just face the threat of some sort of carbon tax in the future. To get large savings we need large organisations to make major efforts. It costs a lot to put in a railway line between two areas that a lot of people want to move between but it cuts down the daily energy use by a large amount.
Re:Bring the boys back home, send em up N (Score:5, Informative)
Actually, the Bakken formation extends into Canada, too.
The Bakken has a rather interesting history. Estimates on how much oil it produced have varied a lot. Back in the '70s, they thought it only had about 10B barrels -- which is a lot, but not when it's spread out over such a huge formation. To make matters worse, the formation is a dozen meters or so thick in most places. All together, recovery rates were expected to be 1-3%, and expensive at that. Not many takers.
Things have changed. After Price's paper that predicted over 400 billion barrels, computer simulations have been developed; the latest runs expect 200-300 billion barrels. Furthermore, horizontal drilling means that you can enter the thin formation and then run along it; this is what is used in the very successful Elm Coulee field [wikipedia.org].
The Bakken is just one minimally tapped deposit. There's absolutely no shortage of recoverable oil [daughtersoftiresias.org] in the world. The problem is the consequences of recovering and burning it all.
C) The US is moving to 'alternative fuels'. The debate is not over whether or not to, but how big a priority it is.
Are you kidding? There's a huge debate over whether or not to, especially after the most recent papers suggesting that even sugarcane ethanol leads to more greenhouse gasses than gasoline. Let alone the fact that there's a widely growing acceptance that, despite the momentum, corn ethanol is a huge blunder. There's the food-for-fuel competition (food prices are up 40% [mongabay.com], mostly from fuel prices and alternative fuel pressure). Now, I think it's good that corn prices aren't as artificially low as they used to be, but now they're artificially high, and everything is getting pushed up by the increased demand for biofuel land -- even other staples like wheat.
And what about cellulosic ethanol, this supposed panacea? This is one thing that drives me crazy. Look at how most big cellulosic ethanol companies are making the stuff. They turn the biomass into syngas (CO+H2) by burning it in a poorly oxygenated environment, and then use a complex, inefficient biological or catalytic process to convert it into ethanol. Well, here's the thing: we've been making syngas into *gasoline* for most of a century. That's how Nazi Germany and Apartheid-era South Africa kept their engines running (excepting, in the case of Germany, after we bombed most of their facilities). And it's a relatively efficient -- 70% or so. So, instead of making a fuel that we're *already set up for*, we're instead making a *less dense* fuel that we can only use in *limited quantities* in most cars and *can't ship in our pipelines*. Why? Because "cellulosic gasoline" isn't a buzzword. Nobody likes the word "gasoline", but lots of people like the word "ethanol". You get more investment, you get more tax breaks, and on and on. So the inferior solution gets chosen.
Anyways, if you want to *actually* clean up your act, either increase your MPG or switch your miles over to electricity (the significantly higher thermodynamic efficiencies of power plants mean that even dirty power plants run a car cleaner [pnl.gov] than a gasoline engine -- plus, electricity is a lot easier to clean up). Biofuels are an "easy" solution that isn't really a solution at all.