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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (157149)	9/17/2011 10:04:51 AM
From: Mike K	4 Recommendations Respond to of 206138

Having followed Yergin for several years, I'm always skeptical of his price and supply forecasts. His record has not been good.

To: MoneyPenny who wrote (157149)	9/17/2011 11:28:26 AM
From: Dennis Roth	Respond to of 206138

Report says we have more oil than we thought By TOM FOWLER, HOUSTON CHRONICLE Published 07:32 p.m., Thursday, September 15, 2011 chron.com A new report that predictably found huge potential natural gas supplies in the U.S. also contained news its own writers found surprising - that oil is more abundant than they thought. The study released Thursday by the National Petroleum Council, a collection of industry, academic, government and other officials convened by the secretary of energy, touted how advanced technology has unlocked vast formations of natural gas previously deemed uneconomic to tap But the report also said the same drilling and production techniques that opened up shale gas - combined with success in the deep-water Gulf of Mexico, the Canadian oil sands and even surges in conventional oil onshore - are improving the nation's potential to be more self-reliant for oil, according to the report. "Contrary to conventional wisdom the North American oil resource base also could provide substantial supply for decades ahead," the report said. By 2035, oil from shale formations - also referred to as "tight oil" – could produce 2 million to 3 million barrels of oil per day. That includes plays such as the Bakken shale in the Northern U.S. and the Eagle Ford shale in South Texas. Under the most optimistic assumptions the U.S. and Canada combined could produce up to 22.5 million barrels per day, the study concludes. But that isn't likely to wean the U.S. off oil imports from overseas, the report warns, as its current daily demand already is 22.5 million barrels per day. [snip] ====== Prudent Development – Realizing the Potential of North America's Abundant Natural Gas and Oil Resources Final Report Approved September 15, 2011 All files are .pdf unless otherwise indicated Transmittal Letter, Preface, and Executive Summary Chapters Chapter One: Resource and Supply Chapter Two: Operations and Environment Chapter Three: Demand Chapter Four: Carbon and Other End-Use Emissions Chapter Five: Macroeconomics Appendix A: Request Letters, Description of the NPC, and NPC membership roster Appendix B: Study Group Rosters Appendix C: Additional Materials Available Electronically Revised September 15, 2011