SuzukiSavage.com - Being Green, as seen by an old fart.

bill67 Serious Thumper Offline old tired Posts: 8517 genoa city wisconsin Gender:	Re: Being Green, as seen by an old fart. Reply #30 - 05/17/12 at 16:46:46 They should lower the speed limit again,Then the gas prices would go down a lot.
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Savage_Rob

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Re: Being Green, as seen by an old fart.
Reply #31 - 05/18/12 at 06:56:02

LANCER wrote on 05/14/12 at 12:24:06:

It's over 40 years later and we have found more oil recently than anyone ever imagined even existed.

It's not so much that there are a lot of amazing new finds. Oil shale and sands have been known to be in existence for some time. They were simply thought to be too difficult/costly to extract. While there have been a few new finds, it's mostly a combination of newer/improved methods for getting at the stuff, like fracking and horizontal-drilling along with the increases in prices that make it worthwhile to use more expensive processes for extraction. When oil is cheaper, some of these processes are just not profitable.

Also, for the most part, 55 MPH is a generally fuel-efficient speed. It's pretty close to the sweet spot for my Savage. It just seems to take forever to get anywhere. Of course, that's when the destination is the goal. If I'm just riding, I'm in no hurry as the ride is the goal instead of the destination.

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justin_o_guy2

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Re: Being Green, as seen by an old fart.
Reply #32 - 05/18/12 at 08:39:31

I dont think this is anything but just plain old oil well stuff,, no tar sands, none of the expensive, hard to get stuff,, I cant prove it from this but thats what Im gettin,,

http://www.nextenergynews.com/news1/next-energy-news2.13s.html

Massive Oil Deposit Could Increase US reserves by 10x

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.

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The people never give up their liberties but under some delusion.- Edmund Burke.

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Savage_Rob

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Re: Being Green, as seen by an old fart.
Reply #33 - 05/18/12 at 11:58:31

justin_o_guy2 wrote on 05/18/12 at 08:39:31:

I dont think this is anything but just plain old oil well stuff,, no tar sands, none of the expensive, hard to get stuff,, I cant prove it from this but thats what Im gettin,,

http://www.nextenergynews.com/news1/next-energy-news2.13s.html

Massive Oil Deposit Could Increase US reserves by 10x

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.

Yup. Made possible by new horizontal drilling technology.

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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: Being Green, as seen by an old fart. Reply #34 - 05/20/12 at 07:36:47 Theyve been drilling sideways for over 20 years, I knew the guy who did the well logging on the first one, They literally had to pump the tool down hole because it was not possible to drop it in,
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scroop Full Member Offline Good grief, not again!!! Posts: 155 western PA Gender:	Re: Being Green, as seen by an old fart. Reply #35 - 05/22/12 at 17:43:07 Yea, Bill. I've been comparing the price of weed killer to gasoline - gas is still cheaper, but not by much. And speaking of gas, why do the new "green" gas cans spill ten times more gas on the ground than the old open spout cans? darn greenies!!!
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