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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (640684)	1/1/2012 9:10:37 PM
From: tejek	Read Replies (1) \| Respond to of 1578275

>> We are much closer than you and the rest of your crazy wingers friends imagine. And even if every potential drilling site were drilled we would not produce enough oil to satisfy our needs. We are just beginning to understand what the potential for shale oil is, and it could be huge. Bakken is the tip of the iceberg. It is a fact that there are many unknowns -- how much there is, how quickly production will decline, etc. In the coming year or two we are likely to find a LOT of easily recoverable oil in areas heretofore thought nonexistent or exhausted. Some of the Bakken wells are huge producers -- one had initial production of 7000 bopd. The techniques of horizontal drilling and fracking are just starting to be applied in other places (like Argentina) to similar deposits, which will undoubtedly increase the worldwide supply substantially. We also don't know what the potential is for oil shale (as distinguished from shale oil), once economic technologies exist for getting it out. We could be looking at trillions of bbls. Lots of things that don't seem economic today will in 20 years. I think you don't have a clue Ted. Don't have a clue? Someone doesn't have a clue but I don't think its me. Bakken reserves: 3-4.3 billion barrels: en.wikipedia.org Saudi reserves: 267 billion barrels: en.wikipedia.org US Daily consumption: 19 billion barrels [daily]: blog.music.aol.com Enough said.