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

To: Brian Sullivan who wrote (174190)	11/16/2012 10:21:33 PM
From: Bearcatbob	1 Recommendation Read Replies (1) \| Respond to of 206183

What a waste. When Ca is busted and looking for a bailout they should be asked about how they have capitalized on their abundant blessings of HC resources. One can only cry/laugh. Bob

To: Brian Sullivan who wrote (174190)	11/16/2012 10:23:27 PM
From: golfinggramps	Respond to of 206183

"According to the EIA, the Monterrey Formation, which covers an enormous chunk of Southern California and terminates near Santa Barbara, has 15.4 billion barrels of recoverable crude — four times as much as the Bakken formation in North Dakota. " I believe the Bakken has 24 billion barrels of recoverable crude, at a very conservative figure. North Dakota is now producing over 700,000 barrels per day. Only Texas in the U.S. produces more oil on a daily basis. I googled North Dakota recoverable oil to get my figures.

To: Brian Sullivan who wrote (174190)	11/16/2012 11:27:39 PM
From: t4texas	2 Recommendations Read Replies (2) \| Respond to of 206183

yes, i have known about this giant shale formation for some years when i was studying the various shale basins known at that time. i found a small company making noise about the monterrey, but i passed on it, luckily, because it was in california. my position on california doing almost anything new relative to fossil fuels is they suffer from the tyranny of the majority that thomas jefferson wrote about (when he as alive), and de tocqueville cited.

To: Brian Sullivan who wrote (174190)	11/17/2012 7:54:18 AM
From: tom pope	2 Recommendations Respond to of 206183

[T]he idea that fossil fuels will fade from the scene seems more preposterous every day. Common sense that might yet infect organs like the New York Times? Probably not, but one can hope.