America could become the worlds largest oil producer

[steveo395]

Oil shale deposits in Colorado and neighboring areas of Utah and Wyoming are estimated to contain 800 billion recoverable barrels, three times larger than Saudi Arabia's proven reserves of conventional crude, and the equivalent of 40 years of U.S. oil consumption.

O'Connor said the company expects commercial production to be profitable as long as international oil prices are at least in the low $30s per barrel, far below the current $70 average.

Coaxing oil from huge U.S. shale deposits

I know this article is old, but this is the first I've ever heard about this. This would solve a lot of problems with the economy and gas prices.

Stansberry & Associates - Matt Badiali's Oil Report
This has a lot more information about it, but its also a guy trying to sell you his magazine.

[JWsleep]

Of course, it wouldn't help with the greenhouse gas issue. Plus, I wonder what the process itself does to the environment? We're going to need new sources of oil even in the most optimist alternative fuels fantasy, so this would certainly help in that regard. Plus, the less money we give to OPEC, the better!

(I think Canada has huge oil shale deposits as well.)

[BleedBurgundy]

Everything I've seen about that has been people trying to sell you some sort of stake in oil shale. Is there any legitimacy to this whatsoever? Just curious.

[Hog1]

Originally Posted by JWsleep

Of course, it wouldn't help with the greenhouse gas issue. Plus, I wonder what the process itself does to the environment? We're going to need new sources of oil even in the most optimist alternative fuels fantasy, so this would certainly help in that regard. Plus, the less money we give to OPEC, the better!

(I think Canada has huge oil shale deposits as well.)

You ponder these issues living in Houston? The Rockies would look like the "ship channel"
Interesting....though

[JWsleep]

Originally Posted by Hog1

You ponder these issues living in Houston? The Rockies would look like the "ship channel"
Interesting....though

Ha! Yeah, things are not exactly pro-environment down here... but at least we're making money off of all this! We're one of the only cities where rising gas prices is GOOD news!

(Actually, moving to suburban Houston from Brooklyn was an environmental improvement. I've got tons of birds--egrets, hawks, falcons, songbirds--turtles, snakes, weird critters called "Nutria," and all sorts of amazing trees and plants. But I'm in the SW part of Houston, not the East or North East where the oil refineries are. It's pretty bleak out there.)

[love them hogs]

Originally Posted by JWsleep

(Actually, moving to suburban Houston from Brooklyn was an environmental improvement. I've got tons of birds--egrets, hawks, falcons, songbirds--turtles, snakes, weird critters called "Nutria," and all sorts of amazing trees and plants. But I'm in the SW part of Houston, not the East or North East where the oil refineries are. It's pretty bleak out there.)

You wouldnt happen to live near a swamp do you.I ask because Nutria are found here in Maryland but only in brakish (sp) areas.I agree that they are weird critters.One of the largest Rodents out there.

[Hail2theskins]

Originally Posted by steveo395

Coaxing oil from huge U.S. shale deposits

I know this article is old, but this is the first I've ever heard about this. This would solve a lot of problems with the economy and gas prices.

Stansberry & Associates - Matt Badiali's Oil Report
This has a lot more information about it, but its also a guy trying to sell you his magazine.

Very Very Very damaging to the environment harvesting Oil Shale. Also waaaaaaaaaaaaaaaay to expensive to legitimately consider it a viable resource because of two major factors. 1 refining shale into crude or usuable oil is a very expensive processs and 2 due to the regulations this country has in place now that if strip mine anything you have to replace to close to 80 % of its former habitat just make oil shale really an afterthought. I do believe the US could become the largest oil producer once we perfect deep offshore drilling, Theres pockets of Oil in the gulf that would make a middle eastern gusher look like some podunk oil farm in texas.

[jbcjr14]

Originally Posted by Hail2theskins

Very Very Very damaging to the environment harvesting Oil Shale. Also waaaaaaaaaaaaaaaay to expensive to legitimately consider it a viable resource because of two major factors. 1 refining shale into crude or usuable oil is a very expensive processs and 2 due to the regulations this country has in place now that if strip mine anything you have to replace to close to 80 % of its former habitat just make oil shale really an afterthought. I do believe the US could become the largest oil producer once we perfect deep offshore drilling, Theres pockets of Oil in the gulf that would make a middle eastern gusher look like some podunk oil farm in texas.

Hey, careful with the Texas reference! Always use capital letters when referring to the great state of Texas!

[Hail2theskins]

Originally Posted by jbcjr14

Hey, careful with the Texas reference! Always use capital letters when referring to the great state of Texas!

The only thing I ever knew to come out of Texas was... you get the point.

j/k, was just trying to pull some kind of analogy, only one I could think of.

[Sheriff Gonna Getcha]

Yeah, like Hail2Skins, it's my understanding that it is very, very costly to refine shale oil.

[JWsleep]

You mean there is no free lunch!?!? Man.

[steveo395]

Originally Posted by Hail2theskins

Very Very Very damaging to the environment harvesting Oil Shale. Also waaaaaaaaaaaaaaaay to expensive to legitimately consider it a viable resource because of two major factors. 1 refining shale into crude or usuable oil is a very expensive processs and 2 due to the regulations this country has in place now that if strip mine anything you have to replace to close to 80 % of its former habitat just make oil shale really an afterthought. I do believe the US could become the largest oil producer once we perfect deep offshore drilling, Theres pockets of Oil in the gulf that would make a middle eastern gusher look like some podunk oil farm in texas.

They aren't going to strip mine it.

Instead of mining the shale, since 1996 Shell has experimented with in situ, or in-place, extraction of oil from the ground. Twenty-five miles southwest of Meeker, a ranching town in northwest Colorado, drilling rigs, compressors, ducts and tanks are scattered across a pinon- and juniper-covered plateau, connected to scores of electric heaters sunk hundreds of feet underground.

At each production site, the powerful heaters extend down hundreds of feet, stretching vertically through a cylindrical area of shale about 100 feet in diameter. They then heat the area to about 700 degrees Fahrenheit -- for two to three years.

During this period, the heat ages the kerogen by the geological equivalent of millions of years, chemically transforming it into a high-grade oil that is easily pumped to the surface. In an experiment that ended in May, 1,500 barrels of light, sweet crude were produced from one site.

O'Connor, the Shell executive, says these techniques have been highly successful but need several more years of testing.

One danger is that the oil might pollute the surrounding water table. To prevent that, Shell plans to surround each heated area with a frozen barrier about 10 feet thick, chilled by pipes of pressurized aqueous ammonia.

Machinery is being installed now to create a circular freeze-wall about 1,700 feet deep. When it is finished, engineers will simulate an environmental emergency by pumping water at high pressure outside the wall to try to force a rupture. Then they will rush to plug the break and re-create the barrier. "We believe that we can produce large amounts of oil with no adverse environmental impact, but we're proceeding slowly and responsibly to make sure this is true, to cover all contingencies," O'Connor said.

and

O'Connor said the company expects commercial production to be profitable as long as international oil prices are at least in the low $30s per barrel, far below the current $70 average.

[Hog1]

Originally Posted by JWsleep

Ha! Yeah, things are not exactly pro-environment down here... but at least we're making money off of all this! We're one of the only cities where rising gas prices is GOOD news!

(Actually, moving to suburban Houston from Brooklyn was an environmental improvement. I've got tons of birds--egrets, hawks, falcons, songbirds--turtles, snakes, weird critters called "Nutria," and all sorts of amazing trees and plants. But I'm in the SW part of Houston, not the East or North East where the oil refineries are. It's pretty bleak out there.)

I lived about 20 miles E of Houston (in Baytown area) for about 15 years. What's the old joke while passing by the refineries? What's that smell? MONEY!
LOTS of Nutra rats! in the marshes. That's why the gators are so fat in Chambers county. actually imported from.....France? (all the best rats come from France) to deal with the Hydrilla (native to Asia) choking all the waterways.

[The Goat]

Originally Posted by Hail2theskins

Very Very Very damaging to the environment harvesting Oil Shale. Also waaaaaaaaaaaaaaaay to expensive to legitimately consider it a viable resource because of two major factors. 1 refining shale into crude or usuable oil is a very expensive processs and 2 due to the regulations this country has in place now that if strip mine anything you have to replace to close to 80 % of its former habitat just make oil shale really an afterthought. I do believe the US could become the largest oil producer once we perfect deep offshore drilling, Theres pockets of Oil in the gulf that would make a middle eastern gusher look like some podunk oil farm in texas.

That's exactly what I've read in a lot of publications. I don't know whether Canada is finding a way to do this very well but we could just wait and see. The offshore drilling is interesting too. I've read quite a few places that geologists discovered the largest deposit on earth off the coast of Brazil, which means it can be tapped. Brazil could be the worlds largest producer in another decade. I've heard similar things about deposits in the Gulf but I also think it is very risky there because of the tropical storms. Not sure if it would be a sound investment.