 |
Matronics Email Lists
Web Forum Interface to the Matronics Email Lists
|
| View previous topic :: View next topic |
| Author |
Message |
jonboede(at)hotmail.com
Guest
|
|
| Back to top |
|
 |
ainut(at)hiwaay.net
Guest
|
 Posted: Fri Sep 18, 2009 5:42 am Post subject: Oil Find in US - READ THIS -- do not blow it off |
 |
|
The news that I read said that we now have the technology and know how
to get that Bakken oil out easily. A different source said the oil
company has already been pumping it for nearly 2 years.
I'd really like to sink my teeth into a civilian version of the Osprey
(if it worked.) 
David
Jon Boede wrote:
| Quote: | Don't mean to burst your bubble on this, but this keeps popping up every
few years as a "new" oil find. I was pretty excited about it until I
did enough research to really understand what's going on.
The quantity is there, unfortunately the quality is not. I don't mean
the quality of the oil, I mean the quality of the formation which holds
the oil.
An oil formation basically has two relevant "parameters" that give a
measure of its quality.
First is the measure how porous the formation is, which is to say how
much oil is trapped in a given cubic meter.
Second is how easily the oil can be flowed out of that formation, as a
function of the connectivity of the pores in the formation.
Unfortunately, the Bakken reserve -- while it does hold an IMMENSE
amount of oil, easily as much as you mention below -- is not very porous
and has an extremely low flow rate.
It's not like Spindletop, where they just punched a hole in the ground
and the oil gushed out... think more like a rock sponge that's mostly
rock; or maybe a better way would be to say that it's "all capillaries
and no veins". Very difficult to get out.
Several oil companies have demonstration projects that are getting some
oil out but the cost per barrel is very high. The good news is that the
size of the reserve effectively caps what we'll ever have to pay for oil
(non-linear effects of whacky environmental legislation not
withstanding)... while we may already be "out" of $5/barrel class
reserves, and we're hit and miss now with $50/barrel class reserves,
there's no reason for oil to go over $150/barrel because we have an
almost unlimited supply of *that*.
I'm pretty excited about the REALLY deep water find out in the Gulf.
Not just because there seems to be Great Whacking Amounts of oil out
there at "gusher" flow rates, but because it's so far out that it's very
difficult to service those rigs with "normal" helicopters... even the
medium-far rigs are a multi-hop deal with refueling stops on the way out
and back -- helicopters just don't have the speed or the fuel fraction
to be a practical solution for the DEEP water rigs. Which suggests that
there's going to be some $erious incentive$ pushing the commercial
development of a civilian version of the Osprey. Sweet.
Jon
> Date: Thu, 17 Sep 2009 19:04:27 -0500
> From: ainut(at)hiwaay.net
> To:
> Subject: Oil Find in US - READ THIS -- do not blow it off
>
>
>
> Now you KNOW that the oil company is falsely keeping our gas prices
> high, high, high. David
> This is too important not to post and directly affects our engines'
> operating costs.
> from the USGS and a mailing list:
>
>
> Hey Guys,
>
> Is this for real?
>
> This would be a game-changer on a global scale!
>
> Doc
>
> >
> >
> >.Subject: Fw: Huge Oil Find
> >
> >AT THE END YOU WILL SEE A LINK WHERE YOU CAN CHECK THIS OUT. JoAnne
> >
> >
> >
> Amazing!
>
> Think of all the people that could have jobs!
> Also if I may add, about 6 months ago I was watching a news
> program on oil and one of the Forbes Bros. was the guest. This is
> out of context, but this is the actual question as asked. The host
> said to Forbes, "I am going to ask you a direct question and I
> would like a direct answer, how much oil does the U.S. have in the
> ground."
> Forbes did not miss a beat, he said, "more than all the Middle East
put together."
> Please read below.
>
> The U. S. Geological Service issued a report in April ('0 that
> only scientists and oil men knew was coming, but man was it big. It
> was a revised report (hadn't been updated since '95) on how much oil
> was in this area of the western 2/3 of North Dakota ; western South
> Dakota; and extreme eastern Montana .... check THIS out:
>
> The Bakken is the largest domestic oil discovery since Alaska's
> Prudhoe Bay, and has the potential to eliminate all American
> dependence on foreign oil. The Energy Information Administration
> (EIA) estimates it at 503 billion barrels. Even if just 10% of the
> oil is recoverable... at $107 a barrel, we're looking at a resource
> base worth more than $5.3 trillion.
>
> 'When I first briefed legislators on this, you could practically see
> their jaws hit the floor. They had no idea..' says Terry Johnson,
> the Montana Legislature's financial analyst.
>
> 'This sizable find is now the highest-producing onshore oil field
> found in the past 56 years' reports, The Pittsburgh Post Gazette.
> It's a formation known as the Williston Basin, but is
> more commonly referred to as the 'Bakken.' And it stretches from
> Northern Montana, through North Dakota and into Canada ..... For
> years, U. S. oil exploration has been considered a dead end. Even
> the 'Big Oil' companies gave up searching for major oil wells
> decades ago. However, a recent technological breakthrough has
> opened up the Bakken's massive reserves.... and we now have access
> of up to 500 billion barrels. And because this is light, sweet oil,
> those billions of barrels will cost Americans just $16 PER BARREL!
>
> That's enough crude to fully fuel the American economy for 2041 years
straight.
>
> 2... And if THAT didn't throw you on the floor, then this next one
> should - because it's from TWO YEARS AGO!
>
> U.S. Oil Discovery-Largest Reserve in the World!
>
> Stansberry Report Online - 4/20/2006
>
>
> Hidden 1,000 feet beneath the surface of the Rocky Mountains lies
> the largest untapped oil reserve in the world. It is more than 2
> TRILLION barrels. On August 8, 2005 President Bush mandated its
> extraction. In three and a half years of high oil prices none has
> been extracted. With this motherlode of oil why are we still
> fighting over off-shore drilling?
>
> They reported this stunning news: We have more oil inside our
> borders, than all the other proven reserves on earth. Here are the
> official estimates:
>
> - 8-times as much oil as Saudi Arabia
> - 18-times as much oil as Iraq
> - 21-times as much oil as Kuwait
>
> - 22-times as much oil as Iran
> - 500-times as much oil as Yemen
> - and it's all right here in the Western United States.
>
> HOW can this BE? HOW can we NOT BE extracting this? Because the
> environmentalists and others [yeah, right - David] have blocked all
efforts
> to help America become independent of foreign oil! Again, we are
letting a
> small group of people dictate our lives and our economy.....WHY?
>
>
> James Bartis, lead researcher with the study says we've got more oil
> in this very compact area than the entire Middle East -more than 2
> TRILLION barrels untapped. That's more than all the proven oil
> reserves of crude oil in the world today, reports The Denver Post.
>
> Don't think 'OPEC' will drop its price - even with this find? Think
> again! It's all about the competitive marketplace, - it has to.
>
> Think OPEC just might be funding the environmentalists?
> Got your attention/ire up yet? Hope so! Now, while you're thinking
> about it .... and hopefully P.O'd, do this:
>
> 3. Pass this along. If you don't take a little time to do this,
> then you should stifle yourself the next time you want to complain
> about GAS PRICES--- because by doing NOTHING, you've forfeited your
> right to complain.
> --------
> Now I just wonder what would happen in this country if every one of
> you sent this to every one in your address book.
> By the way...this is all true. Check it out at the link below!!!
> GOOGLE it or follow this link. It will blow your mind.
>
> http://www.usgs.gov/newsroom/article.asp?ID=1911
>
&=========
>
>
>
*
*
------------------------------------------------------------------------
Checked by AVG - www.avg.com
|
| | - The Matronics L29-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?L29-List |
|
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
Get Email Distribution Too!
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
