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Politics : Politics for Pros- moderated

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To: greenspirit who wrote (308299)	6/3/2009 12:37:04 AM
From: Snowshoe	1 Recommendation Read Replies (1) of 793872

>>Governor Palin Inaugurates largest Onshore Oil & Gas Reserves In N America<< That sounds nice, but the claim about the size of the Point Thomson reserves is pretty dubious. By Alaska standards, Point Thomson's oil reserves aren't especially notable and from what I've seen there's no current plan to develop them. It's thought that very significant amounts oil exist next door to the east in ANWR, but those reserves have not been confirmed. Point Thomson is primarily a natural gas field, with reserve equal to about 1/3 of the neighboring Prudhoe Bay field's gas reserves. Several of the new shale gas fields in the lower 48 states, like the Haynesville shale in Louisiana, are larger than Point Thomson and much easier to develop because they're closer to market. Exxon's current development effort at Point Thomson is quite limited. The natural gas will be produced and run through a gas cycling plant to extract what is called condensate. This condensate will be piped westward and then sent down the Trans-Alaska Pipeline. The natural gas will be re-injected back into the ground, because there's no gas pipeline to ship it to market. Natural gas condensate en.wikipedia.org The blogger apparently got the size info from this state press release, written by some liberal arts communications staffer with no clue about the scale of the oil and gas industry. Hundreds of millions of barrels of oil and 8 TCF of NG are NOT "tremendous" reserves... Press Release gov.state.ak.us Point Thomson contains tremendous oil and gas reserves at estimates of hundreds of millions of barrels of oil and more than 8 trillion cubic feet of natural gas – considered the largest untapped onshore reserves of oil and gas in North America. Text of Palin's prepared remarks... gov.state.ak.us

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