increasing offshore drilling

Page 2 of 4 First 1234 Last
  1. Recovering AXoholic
    thesinner's Avatar
    Join Date
    Apr 2006
    Age
    29
    Posts
    10,063
    Rep Power
    11890
    Level
    62
    Lv. Percent
    26.95%
    Achievements Activity AuthorityActivity ProPosting ProPosting AuthorityPosting Veteran

    dude, no need to drill on the coast.

    I know of a few places we could go for oil. It would not only be cheaper and more bountiful, but it would do American society a favor as a whole:

    New Jersey and Long Island.

    I don't mean to suggest genocide, but rather a de-guido-ification process, in which the vast amounts of oil can be extracted using some sort of aliphatic leaching process.

    I mean the guys in this pic alone are estimated to have enough oil to fuel 300 SUV's for 3,000 miles.
    Athletic Xtreme Rep
    Bob@athleticxtreme.com
    IFFI
    Ask me about the Athletic Xtreme Product Line

  2. Elite Member
    jmh80's Avatar
    Stats
    5'10"  180 lbs.
    Join Date
    Mar 2004
    Age
    34
    Posts
    8,110
    Rep Power
    9662
    Level
    57
    Lv. Percent
    88.37%
    Achievements Activity AuthorityActivity ProPosting ProPosting Authority

    Quote Originally Posted by thesinner View Post
    dude, no need to drill on the coast.

    I know of a few places we could go for oil. It would not only be cheaper and more bountiful, but it would do American society a favor as a whole:

    New Jersey and Long Island.

    I don't mean to suggest genocide, but rather a de-guido-ification process, in which the vast amounts of oil can be extracted using some sort of aliphatic leaching process.

    I mean the guys in this pic alone are estimated to have enough oil to fuel 300 SUV's for 3,000 miles.
    LMAO!
  3. Recovering AXoholic
    thesinner's Avatar
    Join Date
    Apr 2006
    Age
    29
    Posts
    10,063
    Rep Power
    11890
    Level
    62
    Lv. Percent
    26.95%
    Achievements Activity AuthorityActivity ProPosting ProPosting AuthorityPosting Veteran

    Quote Originally Posted by futurepilot View Post

    Once again, yes its a fact, they are making more money now that ever in their history. I dont care what department their making it from, their still making it.
    You need to stop thinking in absolutes and start thinking in relative terms. The reason oil companies are making more money is because gasoline consumption has been going up at an annual rate of billions of gallons. If I make $0.10 to the gallon for X amount of people, I would still make less then if I sold to 3X amount of people at a rate of $0.05 to the gallon. Point fingers at the oil companies all you want for making this money, but really it's your own damn fault for choosing to own a car.
    Athletic Xtreme Rep
    Bob@athleticxtreme.com
    IFFI
    Ask me about the Athletic Xtreme Product Line
    •   
       

  4. Professional Member
    Hank Vangut's Avatar
    Stats
    5'10"  176 lbs.
    Join Date
    Dec 2005
    Age
    41
    Posts
    3,734
    Rep Power
    1976
    Level
    42
    Lv. Percent
    29.85%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by thesinner View Post

    I don't mean to suggest genocide, but rather a de-guido-ification process, in which the vast amounts of oil can be extracted using some sort of aliphatic leaching process.
    maybe we could extract the oil while they sleep.
    then in the morning they would freak out and grease themselves back up.
    a perfect renewable energy source.
  5. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    Your right, 40billion dollars isnt that much.
    So what...if you don't like it, stop buying it.


    I didnt say 6 months later, i specifically said the gas that was in my tank right now.
    Yes and the gas you purchased right now was paid for 6 months ago and it is STILL based on supply and deman not some imaginary number. Gas always lags....guess you didn't know that.



    First, slight clarification, its a AP article merely being presented by MSNBC, it's not like some company writer is doing it. The information contained in the article is free market, quoting chevrons own researchers. It not a scientific study, its actual research and developement by a major oil company.

    Yes and if you dind't get the point in the beginning its an area WHICH IS ALREADY OPENED.


    They made a discovery in an already leased part of land. The government is forbidding oil companies to drill on lands they have NOT leased when geological surveys have shown oil is there.


    How about a cornell university geologist who says at most 60 billion barrels, which is still only 7-8 years, at best.

    Much oil remains to be tapped below Gulf of Mexico
    Umm....maybe you shoud read a bit more. That it ONLY the northern Gulf of Mexico. Hello....we have oil on the east and west Coast of America which the study I posted shows.


    you do understand these oil companies arent charging themselves $4 a gallon right?
    Do you have any understanding of this industry?


    They realize that they found our breaking point, people are starting to drive less, now they'll back the prices down to something thats still high, but we'll think its a deal after all these high prices. Its a conditioning.
    Oh yeah, they will back down prices. It called supply and demand and guess what happened when OPEC said they were going to raise production last week. The price went up...yeah they are doing a GREAT job at lowering it.



    becasuse the retail isnt profitable anymore, those gas stations will still be around, they just arent goin to be company owned anymore. Big difference, their not leaving the retail biz all together, they're just selling the store fronts, they'll still be selling them oil though.
    If if costs more to refine and 3rd parties still have to buy it from them, do you think they will buy more or less?

    So if the oil companies can't make money off of gas someone else will? Yeeeeaaahhh.....


    Once again, yes its a fact, they are making more money now that ever in their history. I dont care what department their making it from, their still making it.
    Yes, and making money is so bad.


    Not really concerned about stock price, another number based on speculation, and investors who own e-trade accounts and think watching jim cramer makes them warren buffet.

    That just shows how completely and utterly clueless you really are about this industry.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  6. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by jmh80 View Post
    What the hell??

    Did you see the size of the Jack field Chevron found last year?

    Helluva lot more than 2 years worth of crude.

    Jesus.
    Sorry, you're wrong. It can't be.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  7. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    My argument is that im going to be alive, hopefully, longer than 7 more years. that would be 5 years to get the legislation passed, drill for it, process it, and make it into my gas tank. and the possibility of 2 years of oil, even with the fields that they know are there, they cant be for certain the viability of them as reliable sources.

    Its your type of mentality that got us in this situation 30 years ago.

    You won't wait 5 years but expect the American public to invest 150 billion in tax money that might make a dent 30 years form now. Great logic you have...


    People like you will never be happy though because if we had electric cars you would complain about the electric companies making too much money. I guess when were all in horse and buggies you might be happy....

    And yes, i feel guaranteed finds in recent years trumps a theoretical 66-115billion. Even best case scenario lets say your right...115 billion barrels, at our currrent consumption levels we would be done with it in less than 15 years. Ill be alive longer than that to. So unless your planning on handing the problem over to your children, and grand children this needs to be dealt with now.
    Umm....that's if we used 100% of it without importing anything. Once again, you show how much you know about business.


    If you actually got off the green high horse you could actually see that if we drilled and sold that supply we could pay for every technological advance you want...but no, the sand floor can't be disturbed.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  8. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    I guess when were all in horse and buggies you might be happy.
    Like a pig in slop.
  9. Elite Member
    jmh80's Avatar
    Stats
    5'10"  180 lbs.
    Join Date
    Mar 2004
    Age
    34
    Posts
    8,110
    Rep Power
    9662
    Level
    57
    Lv. Percent
    88.37%
    Achievements Activity AuthorityActivity ProPosting ProPosting Authority

    Quote Originally Posted by futurepilot View Post
    Like a pig in slop.
    Great response.

    The multi-post diatribes are typical of knowledge of the oil and gas industry.

    Soup is right - your type of thinking is what got us here and has millions of people railing on whatever "logic" they believe.

    These various alternative fuels for mass transportation won't appear overnight to the millions of Americans that use cars. Sure - fund R&D on the next version, but don't sit by idle waiting on OPEC to drill more wells.
    I assure you that is exactly what we will be doing by continuing this retarded ban on drilling.
    Hell let the Cubans take all the crude in the straights of Florida. We deserve it with all the retarded, misguided thinking in Congress.
    Good lord.
  10. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by thesinner View Post
    The reason oil companies are making more money is because gasoline consumption has been going up at an annual rate of billions of gallons.
    The retail market margins have fallen from 30% to around 10% leaving the bulk of their profits to be derived from non-retail sales which still get 30%+ profitablility.

    And yes by owning a car i am part of the problem, not the solution. That doesnt mean that i will vote for a quick fix that just delays the inevitable. And untill the day we're forced to find alternatives, people will continue to look for substitutes for solutions, they will look for something that they believe will help them short term, while totally ignoring the larger issue. Sustainable fuel sources at reasonable cost.
  11. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by jmh80 View Post
    Helluva lot more than 2 years worth of crude.
    Thats a some convincing proof you've provided.

    Quote Originally Posted by jmh80 View Post
    Soup is right - your type of thinking is what got us here.
    My type of thinking? That oil is a relic from years past when environmental conerns, cost, and sustainability were not an issue?

    What got us here is people that think that it is a good idea to drill in ANWR so that we have more oil to feed the industrial complex while totally ignoring how were being raped.

    Or how we should drill in the gulf, use it as a patch to get us through untill this generation dies, leaving the solution to the next poor saps.

    Look, i am of the opinion that this society, along with the industrial complex, is just memetics anyways. So nothing you guys have to say surprises me one bit. But i am willing to dicuss this non the less. It is through open comunication that you get the best insight into a persons belief system.
  12. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    .

    You won't wait 5 years but expect the American public to invest 150 billion in tax money that might make a dent 30 years form now. Great logic you have...

    If you actually got off the green high horse you could actually see that if we drilled and sold that supply we could pay for every technological advance you want...but no, the sand floor can't be disturbed.
    150 billion? 30 years? You must have been talking too dave...where did you get those numbers?

    And i have yet to specify the technological advances that i want to see.
  13. Recovering AXoholic
    thesinner's Avatar
    Join Date
    Apr 2006
    Age
    29
    Posts
    10,063
    Rep Power
    11890
    Level
    62
    Lv. Percent
    26.95%
    Achievements Activity AuthorityActivity ProPosting ProPosting AuthorityPosting Veteran

    Quote Originally Posted by futurepilot View Post
    The retail market margins have fallen from 30% to around 10% leaving the bulk of their profits to be derived from non-retail sales which still get 30%+ profitablility.

    And yes by owning a car i am part of the problem, not the solution. That doesnt mean that i will vote for a quick fix that just delays the inevitable. And untill the day we're forced to find alternatives, people will continue to look for substitutes for solutions, they will look for something that they believe will help them short term, while totally ignoring the larger issue. Sustainable fuel sources at reasonable cost.
    Who said anything about a quick fix?

    Drilling for alternative sources can ease the economic issue, while alternatives are being developed.

    It would be naive to think that everyone will just stop driving cars overnight. A change is something that is going to take decades to do. In the meantime, I think it would be nice not to have a shortage of gasoline.
    Athletic Xtreme Rep
    Bob@athleticxtreme.com
    IFFI
    Ask me about the Athletic Xtreme Product Line
  14. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by thesinner View Post
    Who said anything about a quick fix?

    Drilling for alternative sources can ease the economic issue, while alternatives are being developed.


    He doens't understand this. He doesn't undersand the concept that investors go where the money is. Right now, its commodities. If the US government came out and said we would drill, investors would run to the hills because they know more supply will be coming. He thinks in terms of now when investors think in terms of years. Thats why solar, wind, and natural gas companies are taking off....now...not when its in full force.


    The simple announcement we're drilling and the lifting of regulations would send the price plummeting and shake every investor and financial institution holding oil out of the system. He doesn't get it, and never will. He regurgitates environmental and liberal talking points and never traded an oil contract in his life. He doesn't listen to those in the industry...he learns his facts from the AP and whatever news orginizations picks it up.

    It would be naive to think that everyone will just stop driving cars overnight. A change is something that is going to take decades to do. In the meantime, I think it would be nice not to have a shortage of gasoline.
    That makes too much sense. As you can see he would be a pig in slop if we all we're driving horse and buggies. They want anything co2 related eliminated so everyone can sit around fires and smoke em peace pipes.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  15. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    He doesn't listen to those in the industry...he learns his facts from the AP and whatever news orginizations picks it up.

    so everyone can sit around fires and smoke em peace pipes.

    True, I listen to reports containing facts. Not industry bias.

    And what a tragedy that would be if the world was at peace....
  16. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    150 billion? 30 years? You must have been talking too dave...where did you get those numbers?
    Obama

    And i have yet to specify the technological advances that i want to see.

    Yeah, at 23 you've really seen a lot.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  17. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by thesinner View Post
    Who said anything about a quick fix?

    Drilling for alternative sources can ease the economic issue, while alternatives are being developed.

    Oil anywhere in the world in a quick fix. i dont care if you want to dig in the gulf, off the coast of maine, southern california, or alaska. We cannot sustain our economy through oil.

    The alternative sources of energy im refering to are not oil. there is no "drilling for alternative sources". The alternative is to move away from oil. And you think that while there's billions being spent to look for oil that eases everyones mind for a few years that the U.S. will at the same time be investing in non petrol fuel sources? No way, once people get distracted by all this new oil, sustainable energy will be put on the back burner.
  18. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    True, I listen to reports containing facts. Not industry bias.
    So let me get this straight....you beleive an article reported by the AP that came from the oil companies......yet you don't beleive a government report...the same government that bans oil companies from drilling.

    No wonder you are severely confused.

    And what a tragedy that would be if the world was at peace....
    You would complain about something.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  19. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    Oil anywhere in the world in a quick fix. i dont care if you want to dig in the gulf, off the coast of maine, southern california, or alaska. We cannot sustain our economy through oil.
    Seriously, you are the last person that should talk about anything related to the economy.



    The alternative sources of energy im refering to are not oil. there is no "drilling for alternative sources". The alternative is to move away from oil. And you think that while there's billions being spent to look for oil that eases everyones mind for a few years that the U.S. will at the same time be investing in non petrol fuel sources? No way, once people get distracted by all this new oil, sustainable energy will be put on the back burner.

    Its quite obvious you don't follow the energy markets and the unbelievable boom solar, wind and battery companies have experienced in the last 10 years.


    Everyone knows oil is unsustainable....its the reason the free market will reward the companies that bring new technology to market.

    Then those companies will bethe new "oil companies" and I will bet anything you will complain about their record profits as well.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  20. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    Obama

    Yeah, at 23 you've really seen a lot.
    I may not have seen as much as someone whose only 10 yrs older than me, but at least im not listening to Barack Obama. The man is a joke, at best.
  21. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    I may not have seen as much as someone whose only 10 yrs older than me, but at least im not listening to Barack Obama. The man is a joke, at best.
    If you think hes a joke, then you must have listening to him at one point. Its the height of arrogance to think that Obama, a Harvard Grad and probably the next president is a joke.

    I don't agree with many of his positions at all and won't vote for him but it would be completely ridiculous for me to think the man is a joke.

    Maybe when you're a bit older, you might understand that.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  22. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    Its quite obvious you don't follow the energy markets and the unbelievable boom solar, wind and battery companies have experienced in the last 10 years.

    Everyone knows oil is unsustainable....its the reason the free market will reward the companies that bring new technology to market.

    I have been following up and coming solar/wind/battery companies which is why i think that drilling is not the answer.

    Isnt that pretty much what i've been saying this whole time? That we need to give incentive to these new technology instead of obscuring them by drilling for more oil?


    I've listen to most of Obamas speeches, that i doesnt mean i believe him. And just because you go to harvard doesnt mean you have common sense.

    I am free to my opinion as are you. It seems that you are on the brink of resorting to personal attacks to illustrate your point so i will agree to disagree, and leave it at that.
  23. New Member
    dave12's Avatar
    Join Date
    Dec 2007
    Age
    33
    Posts
    343
    Rep Power
    255
    Level
    15
    Lv. Percent
    48.86%

    Quote Originally Posted by futurepilot View Post
    Offshore drilling is a waste of time, money and the environment. There's at best 2 yrs worth of oil in the gulf. and its not like the oil companys will flood the market with cheap gas, prices will stay the same, it will just delay the enevitable. When we must run our cars without petroleum
    Sorry was on the boat, you made this statement alleging that there is a maximum of two years of oil supply in the gulf of mexico, everything I have asked is related to where you came to said conclusion. You state offshore drilling is folly because of a lack of recoverable resources. So I ask where has this figure come from? (Also, my figure of 2.228 billion barrel of oil comes from the US Department of Energy daily oil import average over the last 5 years.)
  24. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by dave12 View Post
    Sorry was on the boat, you made this statement alleging that there is a maximum of two years of oil supply in the gulf of mexico, everything I have asked is related to where you came to said conclusion. You state offshore drilling is folly because of a lack of recoverable resources. So I ask where has this figure come from? (Also, my figure of 2.228 billion barrel of oil comes from the US Department of Energy daily oil import average over the last 5 years.)
    thats alright, i wondered where you disappeared to.

    My source off hand is chevron, as related through an AP newswire that i found on msnbc, the link is on the first page.

    The 2.288 billion, im still confused i guess. Your saying that i said thats all thats there? Because i did not, i've said there is 3-15 billion barrels available, with the US using 7-8 billion barrels a year, you get 2 years at best.
  25. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    I have been following up and coming solar/wind/battery companies which is why i think that drilling is not the answer.
    Nobody is saying drilling is the "answer". There is no one answer. Drilling will help and the amount of oil recoverable form the east coast, west coast, gulf, anwr, oil shale is more than twice that of what Saudia Arabia has in reserve (250 billion).

    You seem to tihnk those that want to drill think its the "answer". Sorry, we're not that dense. The same people who bought oil companies stocks and/or futures are the same investing in solar, wind, batteries, etc....the free market always has brought new technology and answers to existing problems and always will.

    Isnt that pretty much what i've been saying this whole time? That we need to give incentive to these new technology instead of obscuring them by drilling for more oil?
    The free market is incentive enough. Its the reason people start business's. Money. Necessity is the mother of all invention...




    I've listen to most of Obamas speeches, that i doesnt mean i believe him. And just because you go to harvard doesnt mean you have common sense.
    Yeah....forming probably the largest grass roots campaign thats raised more money in the history of politics generally means you have some sort of competence...but thats me.

    I am free to my opinion as are you. It seems that you are on the brink of resorting to personal attacks to illustrate your point so i will agree to disagree, and leave it at that.

    I haven't personally attacked you at all. I said its the height of arrogance at 23 to think someone is a joke with the kind of accomplishments he's already achieved.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  26. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post

    Your saying that i said thats all thats there? Because i did not, i've said there is 3-15 billion barrels available, with the US using 7-8 billion barrels a year, you get 2 years at best.
    Yes you did.

    There's at best 2 yrs worth of oil in the gulf.
    You used one oil find with one oil company on already leased lands to make a statement about the entire gulf.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  27. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    Nobody is saying drilling is the "answer". There is no one answer. Drilling will help and the amount of oil recoverable form the east coast, west coast, gulf, anwr, oil shale is more than twice that of what Saudia Arabia has in reserve (250 billion).
    Nope sorry, that oil shale your talking about is only at best 1% recoverable, meaning out of the possible 167 bilion barrels we could get 1 billion barrels, enough for less than 2 month of american consumtion.

    And as far as other oil sources. i may have been misleading with my post relating to chevron. Your correct those are known oil areas, but the true extent of the viable oil is not known.

    Here is the current status of oil in the U.S.


    Recent studies2,3 estimated that the US may have 42 billion barrels of undiscovered technically recoverable oil resources in Federal areas that are under access restrictions preventing oil exploration. Undiscovered technically recoverable resources are resources "…postulated from geologic information and theory to exist outside of known oil and gas accumulations and that are producible using current recovery technology, but without reference to economic profitability…"

    About 21.2 billion barrels of these oil resources are located in the eleven onshore areas inventoried by the two EPCA studies2:

    Northern Alaska (including the NPR-A and the ANWR 1002 area)
    Wyoming Thrust Belt (in WY, UT, and ID)
    Denver Basin (in CO, WY, NE, and SD)
    Florida Peninsula
    Black Warrior Basin (in MS and AL)
    Appalachian Basin (in TN, KY, WV, VA, MD, OH, PA, NJ and NY)
    Paradox/San Juan Basins (in CO, NM and UT)
    Uinta-Piceance Basin (in CO and UT)
    Greater Green River Basin (in CO and WY)
    Powder River Basin (in MT and WY)
    Montana Thrust Belt (in MT)
    The remaining 20.8 billion barrels are in offshore locations, primarily3 in the Federal Outer Continental Shelf (Gulf of Mexico, Alaska, Pacific and Atlantic Oceans).

    If these estimates are correct, the new resources can supply the US with crude for about 7.6 years at current consumption levels. However, we also need to estimate the bump in the US production rate that can be obtained from the 42 billion barrels of new oil resources. We can get a quick estimate of these rates by using a generalized Bass model4 with time-dependent ultimate cumulative production. The scenario presented here assumed that production from the new fields would start around 2020 and reach a peak of 3 million barrel per day around 2040. However, the model can easily handle different production schedules.


    2. "Scientific Inventory of Onshore Federal Lands’ Oil and Gas Resources and the Extent and
    Nature of Restrictions or Impediments to Their Development," Report by the US
    Departments of the Interior, Agriculture and Energy, 2006.
    3. "Facing the Hard Truths about Energy," National Petroleum Council, July 2007.
  28. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    Nope sorry, that oil shale your talking about is only at best 1% recoverable, meaning out of the possible 167 bilion barrels we could get 1 billion barrels, enough for less than 2 month of american consumtion.

    And where did you get that from because the pdf I've read said 1.8 trillion barrels.


    http://fossil.energy.gov/programs/re...Fact_Sheet.pdf

    And as far as other oil sources. i may have been misleading with my post relating to chevron. Your correct those are known oil areas, but the true extent of the viable oil is not known.

    Which is why I posted the assessment of OCS oil reserves.


    " The MMS has completed an assessment of the undiscovered technically recoverable resources (UTRR) underlying offshore waters on the Outer Continental Shelf (OCS). This assessment was based on information available as of January 1, 2003, including information obtained from new exploration activities.

    The MMS estimates that the quantity of undiscovered technically recoverable resources ranges from 66.6 to 115.3 billion barrels of oil and 326.4 to 565.9 trillion cubic feet of natural gas. The mean or average estimate is 85.9 billion barrels of oil and 419.9 trillion cubic feet of natural gas. These volumes of UTRR for the OCS represent about 60 percent of the total oil and 40 percent of the total natural gas estimated to be contained in undiscovered fields in the United States. The mean estimates for both oil and gas increased about 15 percent compared to the 2001 assessment. For the oil resources, the vast majority of this increase occurred in the deepwater areas of the Gulf of Mexico, while for gas resources the majority of the increase was in deep gas plays located beneath the shallow water shelf of the Gulf of Mexico.

    These estimates represent the potential quantities of undiscovered hydrocarbons that can be conventionally produced using existing or reasonably foreseeable technology, without any consideration of economic feasibility. Current technology includes drilling in water in excess of 3000 meters (10,000 feet) deep and to subsea depths in excess of 9600 meters (31,700 feet).

    MMS periodically conducts comprehensive assessments of the undiscovered oil and gas resources on the OCS. The last comprehensive inventory was completed in 2001, with an interim update in 2003 to reflect significant changes in natural gas potential in the Gulf of Mexico. The resource assessments also include production and reserve estimates for the OCS as well as estimates of undiscovered economically recoverable resources. Undiscovered economically recoverable resources (UERR), presented in the form of price-supply curves, represent the portion of the undiscovered technically recoverable hydrocarbons that can be explored, developed and commercially produced at given costs and price considerations."



    http://www.mms.gov/revaldiv/PDFs/200...ntBrochure.pdf
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  29. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    And where did you get that from because the pdf I've read said 1.8 trillion barrels.


    Which is why I posted the assessment of OCS oil reserves.

    This is the current bakken analysis.

    http://bismarcktribune.com/articles/...ate/154403.txt


    And the above post (#67) is also the current oil numbers, like i was trying to explain before, that study you posted (#15) is from 2001, with a recalibration in 2003, but the last comprehensive assement was the original in 2001.
  30. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    No, thats the opinion. Others disagree not to mention the pdf I posted shows whats totally avaialable. I also find it curious they didn't even mention freeze wall technology for oil shale extraction...





    And the above post (#67) is also the current oil numbers, like i was trying to explain before, that study you posted (#15) is from 2001, with a recalibration in 2003, but the last comprehensive assement was the original in 2001.
    Can you please post the .gov pdf for that. The only thing I find with that text is an article here:

    Peak Oil: Association for the Study of Peak Oil & Gas - USA - On Quenching Our "Big Thirst" for Oil

    ...and when they estimate the amount of oil they do not use the governmental assessment for OCS suppleis...they use:


    "Scientific Inventory of Onshore Federal Lands"

    and..

    3. "Facing the Hard Truths about Energy," National Petroleum Council, July 2007.



    Now considering Chevron found 15 billion in one area, I find it a bit hard to believe this article is....accurate.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  31. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    No, thats the opinion. .
    No, thats the results found by the state Department of Mineral Resources.


    Quote Originally Posted by Soup Nazi View Post
    Now considering Chevron found 15 billion in one area, I find it a bit hard to believe this article is....accurate.
    Chevron is estimating an upper range of 15 billion, the lower range being 3billion.

    The results for post #67 were done by the US
    Departments of the Interior, Agriculture and Energy. And the National Petroleum Council, how is it hard to believe the accuracy?
  32. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    ****....i actually deleted that when editing...




    In short,


    The numbers you posted in your post are from an artcle that cites two resources. One is the global estimates and the other is the ONSHORE estimates.

    "Scientific Inventory of Onshore Federal Lands"




    They are not assessments for the OCS and there is only one orginization that handles that...its the MMS.

    "The dedicated men and women of the Minerals Management Service regulate domestic energy production off America’s coast on the Outer Continental Shelf (OCS). "

    ...the other resource is about global supply (although I mistakenly looked at global as US) and thats here. Please show me where it states 20 billion estimates in the OCS because I can't find it.

    Download Facing the Hard Truths about Energy
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  33. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    No, because studies have figures from 3,10,20,50 and 70% extraction...and the Bakken formation is ONE formation. "And lets not forget the Bakken Formation that estimates around 92-413 billion barrels of oil could be extracted from oil shale.

    https://www.dmr.nd.gov/ndgs/bakken/n...eEstimates.pdf"
    If you forgot you yourself cited the bakken fields with information from 1974....is there a trend here or is it just me?

    What i have cited is current estimate by a government agency in what is currently able to be processed.


    Quote Originally Posted by Soup Nazi View Post
    Do you think Chevron drilled on one area and found all the oil available in the Gulf? ....you can't be this obtuse.

    You were citing Chevron incorrectly, i merely corrected you.

    remember when i said that you were on the brink of illustrating your points with personal attacks?



    Quote Originally Posted by Soup Nazi View Post
    You do see Onshore right?

    ...you would see that the report states estimates of around 2 trillion barrels on the high end.
    Yes the onshore portion of those numbers is to show you the study of americas oil, compared to offshore which it illustrated below that.


    Your quoting misleading numbers. 2 trillion+ barrels is the amount of "undiscovered resources" added onto the amount of reserves seen today. If you want to argue the amount of "undiscovered resources" available there is really no point in furthering this discussion.
  34. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by futurepilot View Post
    If you forgot you yourself cited the bakken fields with information from 1974....is there a trend here or is it just me?
    The trend of you not understanding anything? Could be.

    Its called an example. Do you want more because even the ones I do post you ignore.

    What i have cited is current estimate by a government agency in what is currently able to be processed.
    And what does that have to do with future drilling? See the whole point is to actually find out whats available and prove what most estimates point to...




    You were citing Chevron incorrectly, i merely corrected you.
    No,you just missed the point...again.


    remember when i said that you were on the brink of illustrating your points with personal attacks?
    Yes and you had less of a point then you do now.


    Yes the onshore portion of those numbers is to show you the study of americas oil, compared to offshore which it illustrated below that.

    So Americans offshore oil isn't Americas? News to me...

    If you want to argue the amount of "undiscovered resources" available there is really no point in furthering this discussion.
    Yes...the point of the discussion is to open up drilling to lands that are not available to oil companies in which the oil amounts are UNKNOWN.

    WTF is the point of discussing drilling on land the oil companies can already drill on???


    All you have done is gone in circles and fully shown everyone here that you really have no clue what you are talking about.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  35. Elite Member
    jmh80's Avatar
    Stats
    5'10"  180 lbs.
    Join Date
    Mar 2004
    Age
    34
    Posts
    8,110
    Rep Power
    9662
    Level
    57
    Lv. Percent
    88.37%
    Achievements Activity AuthorityActivity ProPosting ProPosting Authority

    I give up on the Pilot as I've been advised by our public affairs people to stop communicating with the general public.
    Something about being too good looking for a PA job...

    Pilot - you were the person on here proclaiming that a pipeline of natural gas from Alaska was too cost prohibitive to build because it was too far to the lower 48 states.

    Remember my point? We bring ships of LNG from Qatar.

    Thinking about the above discussion we had: is it possible all your distinctions are wrong? And hence all your rules and laws about energy are wrong?
    Riddle me that.
  36. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by jmh80 View Post
    Pilot - you were the person on here proclaiming that a pipeline of natural gas from Alaska was too cost prohibitive to build because it was too far to the lower 48 states.
    Sorry man, you got me confused with someone else...i honestly dont know what your talking about...what was the thread?
  37. I am faster than 80% of all snakes
    Dwight Schrute's Avatar
    Stats
    6'1"  221 lbs.
    Join Date
    Nov 2002
    Age
    41
    Posts
    12,911
    Rep Power
    7017

    Quote Originally Posted by jmh80 View Post

    Thinking about the above discussion we had: is it possible all your distinctions are wrong? And hence all your rules and laws about energy are wrong?
    Riddle me that.

    Well he's wrong on just about everything. You have one person that trades/invests in oil and another person who drills it yet he knows more about it than us...

    Serisouly, if I thought like him, I'd be broke.
    For answers to board issues, read the Suggestion and News forum at the bottom of the main page.
  38. Elite Member
    jmh80's Avatar
    Stats
    5'10"  180 lbs.
    Join Date
    Mar 2004
    Age
    34
    Posts
    8,110
    Rep Power
    9662
    Level
    57
    Lv. Percent
    88.37%
    Achievements Activity AuthorityActivity ProPosting ProPosting Authority

    Quote Originally Posted by Soup Nazi View Post
    Well he's wrong on just about everything. You have one person that trades/invests in oil and another person who drills it yet he knows more about it than us...

    Serisouly, if I thought like him, I'd be broke.
    I've said on more than one occasion on this board and others that if we in the industry ran things like people thought we did that there'd be gas about half the year (which would make us China apparently).

    I'm thinking it's about time to move on, B.
    The force is strong in this one.
  39. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by Soup Nazi View Post
    Its called an example. Do you want more because even the ones I do post you ignore.

    I have read everypost you made.

    Let me sum up my point, since the current reserves that we know of. That we may or may not be able to be fully develop dont meet the need of the U.S. for even a decade, it would be irresponsible to drill into the gulf to explore for more oil. At best it is a quick fix, at worst it draws attention away from the emerging technology like wind/water/solar/battery etc.

    You may want cheap gas now, but i desire a future. If we refuse to solve our reliance on petrol, we have none.
  40. Senior Member
    futurepilot's Avatar
    Join Date
    Feb 2008
    Posts
    2,217
    Rep Power
    1287
    Level
    35
    Lv. Percent
    54.11%
    Achievements Activity ProPosting Pro

    Quote Originally Posted by jmh80 View Post
    I'm thinking it's about time to move on, B.
    Hello? You confused me someone else, not going to comment about that?
  

  
 

Similar Forum Threads

  1. Increasing HCG
    By need4speed in forum Male Anti-Aging Medicine
    Replies: 3
    Last Post: 05-03-2010, 08:08 AM
  2. PCT without increasing DHT?
    By ipotrofos in forum Post Cycle Therapy
    Replies: 11
    Last Post: 05-19-2009, 10:06 PM
  3. offshore pharmacys
    By keithdolby in forum Male Anti-Aging Medicine
    Replies: 5
    Last Post: 04-25-2009, 05:05 PM
  4. Best GH Increasing Product?
    By superone in forum Supplements
    Replies: 94
    Last Post: 01-17-2008, 12:44 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Log in
Log in