Tag Archive: Shale Oil


Why? Because Of Obama , That’s Why

 

 

 

” Her trip took her to Gascoyne in the southwest corner of the state where she saw 218 miles of pipe sitting quietly among wildflowers in an 83-acre field.

“There’s millions worth of pipe sitting on the ground when it should be in the ground,” Sen. John Hoeven (R-ND) told Harder. $200 million of pipe to be exact.

That pipe should be part of the Keystone XL pipeline moving Canadian heavy crude from oil sands and Bakken crude from hydraulic fracturing to refineries on the Gulf Coast. But President Obama refuses to approve Keystone XL even though it’ll create thousands of jobs, help state and local economies, and improve energy security while having minimal environmental impact.”

 

See Also : My Week in Oil Boom Country

 

 

 

 

 

 

 

 

 

 

 

 

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America’s Freedom Watcher

 

 

 

What is Oil Shale? 

” 1) U.S. western oil shale is carbonate rock, 
generally marlstone that is very rich in organic 
sedimentary material called “kerogen.” Eastern 
shales are more often silica based. 

2) Oil shales are “younger” in geologic age than 
crude oil-bearing formations; natural forces of 
pressure and temperature have not yet converted 
the sediments to crude oil. 

3) Kerogen can be converted to superior quality jet 
fuel, #2 diesel, and other high value by-products. 

4 )The kerogen content of “oil shale” ore can range from 10 to 60 or more gallons of oil per ton. 
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Where is Oil Shale Found? 

1) The richest, most concentrated deposits are found 
in the Green River Formation in western 
Colorado, southeastern Utah, and southern 
Wyoming. 

2) Other significant, less concentrated deposits exist 
in the Devonian, Antrim, and Chattanooga shale 
formations in several eastern and southern states 
and parts of Alaska.
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How Much Oil Shale Does America Have?

1) America’s total oil shale resources could exceed 
6 trillion barrels of oil equivalent. However, most 
of the shale is in deposits of insufficient thickness 
or richness to access and produce economically. 
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How Much Oil Shale Could Be Recovered?

1) Potentially recoverable resources are generally 
deemed to be at least 15 feet thick and have 
potential yields of 15 gallons per ton or more.

2) Oil shale yields more than 25 U.S. gal/ton are 
generally viewed as the most economically 
attractive, and hence, the most favorable for 
initial development.

3) About 1.8 trillion barrels of shale oil are thought 
to reside in deposits greater than 15 gallons per 
ton in the Colorado, Utah, and Wyoming. 
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What is the Area of the Green River Formation? 

1) Oil shale underlies 17,000 square miles or 11 
million acres in the Piceance (CO), Uinta (UT), 
Green River, Washakie (WY), and Sand Wash 
(CO) Basins.

2) The Piceance Basin, which contains more than 80 
percent of the recoverable resources of the Green 
River Formation, underlies a 35 mile by 35 mile 
(1,225 sq miles) area of western Colorado.
————————————————————– 
How Much Oil Shale Does America Have?

1) America’s total oil shale resources could exceed 
6 trillion barrels of oil equivalent. However, most 
of the shale is in deposits of insufficient thickness 
or richness to access and produce economically.
————————————————————– 
How Much Oil Shale Could Be Recovered? 

1) Potentially recoverable resources are generally 
deemed to be at least 15 feet thick and have 
potential yields of 15 gallons per ton or more.

2) Oil shale yields more than 25 U.S. gal/ton are 
generally viewed as the most economically 
attractive, and hence, the most favorable for 
initial development. 

3) About 1.8 trillion barrels of shale oil are thought 
to reside in deposits greater than 15 gallons per 
ton in the Colorado, Utah, and Wyoming. 

4) Green River Formation Oil Shale Deposits The thickest and richest resources have the greatest technical recoverability and economic potential. 
—————————————————————-
Who Owns the Oil Shale Resources?

1) The U.S. Government owns and manages about 
73 percent of the lands that contain significant oil 
shale deposits in the west. Federal lands contain 
about 80 percent of the known recoverable 
resource in Colorado, Utah, and Wyoming.

2) As on 1978, private company ownership of oil 
shale lands in Colorado, Wyoming, and Utah 
totaled about: 
– 21 percent of the Piceance Basin (CO) 
– 9 percent of the Uinta Basin (UT) 
– 24 percent of the Green River Basin (WY) 
– 10 percent of the Washakie Basin (WY).

3) State governments and localities and Native 
American Tribes also own oil shale lands. 
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How Do We Know How Much Oil Shale Exists?

1) More than a quarter million assays have been 
conducted on core and outcrop samples for the 
Green River oil shale.

2) Results show that the richest zone, known as the 
Mahogany zone, is located in the Parachute 
Creek member of the Green River Formation. 
This zone can be found throughout the formation. 
Because of its relatively shallow nature and 
consistent bedding, the resource richness is well 
known, giving a high degree of certainty as to 
resource quality.
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How Do U.S. Oil Shale Resources Compare with 
other U.S. and Canadian Energy Resources? 

1) U.S. western oil shales are more concentrated on 
a resource per acre basis than Alaskan North 
Slope oil or Alberta’s tar sands.”

 

 

 

 

 

 

 

IEA: U.S. Has Resources to Become World’s Largest Oil Producer

 

 

 

” The IEA report, World Energy Outlook 2012, concludes that in just a few years the United States will be so awash in domestically produced oil it will surpass Saudi Arabia in oil production. Moreover, by 2030 North America as a whole will become a net exporter of oil.

Revolutionary advances in hydraulic fracturing (fracking) and horizontal drilling are making this dramatic turnaround possible, observes IEA. These technological advances have enabled energy companies to inexpensively unlock vast amounts of tight oil and natural gas in shale formations that were previously considered economically impractical for production.  “

 

“The recent rebound in U.S. oil and gas production, driven by upstream technologies that are unlocking tight oil and shale gas resources, is spurring economic activity—with less expensive gas and electricity prices giving industry a competitive edge—and steadily changing the role of North America in global energy trade. By around 2020, the United States is projected to become the largest oil producer (overtaking Saudi Arabia until the mid-2020s) and starts to see the impact of new fuel efficiency measures in transport. The result is a continued fall in U.S. oil imports, to the extent that North America becomes a net oil exporter around 2030.  This accelerates the switch in direction of international oil trade towards Asia, putting a focus on the security of the strategic routes that bring Middle East oil to Asian markets. The United States, which currently imports around 20 percent of its current energy needs, becomes all but self-sufficient in net terms—a dramatic reversal of the trend seen in most other energy-importing countries.”

 

 

 

Oil report suggests an earthquake in global politics

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“It would be a breathtaking re-making of the international power structure, and only eight years into the future, according to the agency. Whoever replaces Barack Obama as the next president could preside
over the biggest change in political
dynamics since the U.S. emergence as a superpower. The forecast could also be totally wrong – sweeping visions of future
developments often are. But the agency is not alone in supposing profound results will follow from the rapid changes that have overtaken U.S. energy reserves with
the development of technologies that give access to previously locked-in supplies of oil and natural gas. Rice University’s
[external] Baker Institute reports that U.S. import terminals for liquified natural gas are already barely used and adds that
“developments in Canada, Brazil and the Americas more generally have tilted the center of gravity in energy markets toward the Western Hemisphere” for the first time in decades. “

U.S. Has 60 Times More Than Obama Claims

  ” But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country’s oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world’s proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.”

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