S&A Oil Report - The U.S. Govt's Secret Colorado Oil Discovery »
Posted by: engineer 7 months, 3 weeks agoHidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. Three companies have been chosen to lead the way. Test drilling has already begun...
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engineer7 months, 3 weeks ago
The U.S. Energy Department announces the results of a land survey...
It was conducted to determine the official amount of oil a thousand feet deep in the Rocky Mountains...
They reported this stunning news:
We have more oil inside our borders, than all the other proven reserves on earth.
Here are the official estimates:
* 8-times as much oil as Saudi Arabia
* 18-times as much oil as Iraq
* 21-times as much oil as Kuwait
* 22-times as much oil as Iran
* 500-times as much oil as Yemen
...And it's all right here in the Western United States.
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ABANOCLA7 months, 3 weeks ago
Just so you know, there is nothing "new" about this, just go to microsoft streets and trips, go along interstate 70 by Rifle Colorado and you will see in big letters, Naval oil shale reserve, And my ms streets trips is an old version. A lot of oil sand in Canada as well. and easier to extract.
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ABANOCLA7 months, 3 weeks ago
Just so you know, there is nothing "new" about this, just go to microsoft streets and trips, go along interstate 70 by Rifle Colorado and you will see in big letters, Naval oil shale reserve, And my ms streets trips is an old version. A lot of oil sand in Canada as well. and easier to extract.
There are many,many new drill rigs along I70 in Colorado west of Vail, they are not drilling for oil shale tho. That needs to be dug up and then the oil extracted, and from what I have read on it b4, the price needs to be higher for fuel than it is now , to make it profitable.
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Xaos7 months, 3 weeks ago
Actually they have a new method that they are using to extract oil from oil shale that does not involve having to mine it. They drill several wells and are able to pump it out of the ground like normal crude. I made a post about it a while back, I remember the process involves the heating of the oil shale in the ground until the oil flows from it. I can find the link if anyone is interested.
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bigG7 months, 3 weeks ago
You are correct. The drilling rigs in service now are drilling for natural gas - Exxon Mobil, Chevron, etc, have massive reserves in the area and have projects in progress right now NE of Grand Junction.
The oil shale has been known about for many years. Exxon started an oil shale project between Rifle and Meeker almost thirty years ago and cancelled it because of economics( low oil prices). The majors are again looking at the economic feasibility of recovering this oil. At $ 100 a barrel and higher, it may be worth it.
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BB647 months, 3 weeks ago
Besides this being a non-story, they seem to have forgotten Canada. Our neighbors to the north have more oil than all of the middle east. It's trapped in what's called oil sands. With their current efforts, they produce enough oil for all of Canada and a huge portion for the American market.
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jovial7 months, 3 weeks ago
What company will pump it. I want some of that action. I hope it's not a pipeline through the earth that connects to Saudi oil through the back door. It might be a MLM scheme.
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texangelwings7 months, 3 weeks ago
It is about time that the secrets are finally released!
Next we need a couple more oil refineries, in order to process the oil!
Thanks engineer, nice find!
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Radiofreeeuropa7 months, 3 weeks ago
It's nice if so. A quick search and there are numerous sites but almost entirely of an "invest in my company" nature. All site the same Rand Corporation document. A local article here about the http://www.rockymountainnews.com/drmn/news_colu...
more here;
http://deseretnews.com/dn/view/0,1249,660227927...
I'm not sure about the Rand Corporation, after all half it's dealings are with NSA. They are often accused of being the "military Industrial complex" Eisenhower warned us of. A look at the board of trustees makes one pause regarding whether they deal in truths.
Notable RAND participants some I'm sure you will recognize as miscreants and ne'r do wellers .
* David L. Aaron Deputy National Security Advisor under Carter and drafter of the NATO treaty
* Henry H. Arnold General, United States Air Force RAND founder
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Radiofreeeuropa7 months, 3 weeks ago
* Paul Baran one of the developers of packet switching which was used in Arpanet and later networks like the Internet
* Harold L. Brode physicist, leading nuclear weapons effects expert
* Bernard Brodie Military strategist and nuclear architect
* David S. C. Chu Under Secretary of Defense for Personnel and Readiness, 2001â;;present
* Samuel Cohen inventor of the neutron bomb in 1958
* Franklin R. Collbohm Aviation Engineer, Douglas Aircraft Company â;; RAND founder and former director and trustee
* Donald Wills Douglas, Sr. â;; President, Douglas Aircraft Company RAND founder
* Daniel Ellsberg leaker of the Pentagon Papers
* Francis Fukuyama academic and author of The End of History and the Last Man
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Radiofreeeuropa7 months, 3 weeks ago
* William E. Hoehn Senior Policy Advisor to Senator Sam Nunn, Visiting Professor at the Sam Nunn School of International Affairs and the Coca-Cola Foundation Eminent Practitioner in Residence at Georgia Institute of Technology
* Brian Michael Jenkins terrorism expert, Senior Advisor to the President of the RAND Corporation, and author of Unconquerable Nation
* Herman Kahn theorist on nuclear war and one of the founders of scenario planning
* Zalmay Khalilzad A U.S. Ambassador to United Nations
* Henry Kissinger US Secretary of State (1973-1977); National Security Advisor (1969-1975);
* Lewis "Scooter" Libby Dick Cheney's former Chief of Staff
* Ray Mabus Former ambassador, governor
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Radiofreeeuropa7 months, 3 weeks ago
* Harry Markowitz economist, developed the Portfolio Selection model that is still widely used in modern finance
* Andrew W. Marshall miltary strategist, director of the US DoD Office of Net Assessment
* Margaret Mead U.S. anthropologist
* John Von Neumann mathematician, pioneer of the modern digital computer
* Allen Newell artificial intelligence
* Paul O'Neill Chairman in the late 1990s
* Arthur E. Raymond Chief Engineer, Douglas Aircraft Company RAND founder
* Condoleezza Rice former trustee 1991-1997 and current Secretary of State for the United States (as of May 2006)
* Michael D. Rich RAND Executive Vice President, 1993â;;present
* Leo Rosten academic and humorist
* Donald Rumsfeld Chairman of RAND Corporation from 1981â;;1986 and Secretary of Defense for the United States from 1975 to 1977 and 2001 to 2006.
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ML20077 months, 3 weeks ago
On top of what RFE is saying, by the Rand Corporation's own words, "we expect that an oil shale industry capable of producing more than a million barrels per day is at least 20 years off."
http://www.rand.org/pubs/research_briefs/RB9143...
Even if this were true, it means if we started in full swing to begin to get this done, it would be 2028 before the production would make a significant dent in our needs, and our needs will be growing substantially by then. Therefore, that amount would not come close to meeting our needs. On top of that, we would be more dependent on fossil fuels than ever before. I wonder what the effects on our environment would be on extracting the shale from the earth?
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DarkWizard7 months, 3 weeks ago
Good post engineer.
I live in Colorado and have known about the oil shale and its projected potential for at least 25 years. It was never drilled or processed because of the prohibitive cost of extracting the oil from the shale and then refining it.
Obviously, the situation has changed and several companies have been using experimental techniques for extracting the oil over the past couple of years. I can assure you that this is no myth as I read it in the business section of our local paper when these companies were granted contracts by the government to start this process. I had always heard that the amount of oil that could be extracted would be somewhere in the neighborhood of 100 times greater than what the M.E. could ever produce.
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IcCaRus7 months, 3 weeks ago
it all sounds good, and would sound ever better if it wasnt for the sales pitch to subscribe to the authors $99 newsletter.
say this is true, consider the govt owns the land... ya think we'll have dollar a gallon gas like in saudi and kuwait? or each citizen getting a share as in many gulf oil states? no way, after all this is america.
oil will STILL be $3 - $4 a gallon. only difference is the oil companies will make even more profit....
however, all things being equal, if we have to use oil (personally, id rather get OFF fossil fuel) better our own oil that be dependant on a foreign source.
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CaptainLucid7 months, 3 weeks ago
What a colossal scam. Every day on the radio I hear several commercials for a stock market program that will make you loads of money. Day trading used to be the big thing until they got slammed. Do people really think a cheap internet program is going to do better than the ones the big brokerage houses use which are also managed by several experts? If this was profitable do you think the oil companies that make super billions would not know about it? These are the guys that have cheney's number on speed dial and when they call he picks up on the first ring. If this guy was legit he would be keeping his mouth shut and buying all the investment himself. Instead he is selling a tip. Why would I pay for an investment the seller doesn't even believe in? This is complete crap.
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wtagg7 months, 3 weeks ago
I think you're the one who has hit the home run here. It did seem like a rah-rah cheerleading effort to create interest and investment.
Not to discount the area and possibilities, but this is old news and again, it points to the fact that the US is not at the forefront of this type of effort or technology. If we really and truly consider our energy dependence and security of the highest order (which really isn't the case presently), we need to step up our efforts on energy self-dependence and it can't just be about oil. We need to be leaders across the board, energy-wise, not followers.
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canadianrancher577 months, 3 weeks ago
Although this appears to be just an add there are parts of it that are the truth. Our arrea here in Manitoba was looked at back in the 60's and the oil companies said that there was no oil here. Today the oil companies are back making some great finds, not really a surprise when you look at oil companies. I have one suggestion when it comes to shale oil and the tar sands, that is both require alot of energy to extract and they use oil and natural gas to get the heat needed to extract the oil, If anyone would use any common sense why not build a small scale reactor to provide the energy. The idea of creating pollution to get fuel to make more pollution seems sort of stupid to a simple person like me.
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HMMace7 months, 3 weeks ago
How much would it cost to extract it?? if all that is there, and Bush lets us pay high gas prices, he should be tried for treason...bush still gets in on the 100 dollars a barrel ??? Is that why it still goeson??
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Charlson7 months, 3 weeks ago
Isn't this spam in the disguise of news? If not, it's walking a fine line. Are solicitations allowed on Propeller? Posting information is fine and dandy but when you solicit subscriptions it's another thing entirely.
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simonsez7 months, 3 weeks ago
Suncore Energy in Canada generates approx 500,000 bpd and move a tremendous amount of shale to accomplish that.
There is presently a shortage of tires for the large trucks used in these big operations. Tires on the biggest trucks cost around $180,000 each and there are six on each truck.
The "digging" machine is the largest mechanical machine in the world.
Royal Dutch/Shell is one of the companies involved in bleeding the oil out of shale without digging it. I don't know if they are in production with anything or not.
The crude is very heavy and only a few refineries can handle it. Frontier Oil has a refinery in Cheyenne that can process the heavy crude.
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MntnWllm7 months, 3 weeks ago
From what I've learned from a close friend (25 yr Shell Chemical Engineer) they're not much getting results from the shale as of yet. Apparently they are making far too much profit conventionally, to shift too many resource to shale. If this report of shale deposits is even remotely factual, though, I'm sure where there's a will, there will be a way to glean our society's life's blood from these deposits.
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Bopi3657 months, 3 weeks ago
Thats right... our long term energy problems are solved
good now i can buy that new Hummer. Its good for the economy.
and we don't need Iraq oil anymore (guns for gallons)
forget the windmills and lets go another 16 years before raising the mpg standards
By the way , what happened to all that Alsakan oil the puks kept trying to sell us on as a reason we don't need any sort of comprehensive energy plan.
Puk mantra- buisness will solve everything-sure
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panzerv7 months, 3 weeks ago
What really kills me is when I read the financials, and they always report the price of oil dropping like it's a bad thing. Like everyone should be happy crude is up over a hundred dollars a barrel and we have to pay four dollars a gallon for gasoline in order to get to work. The slant is always "oh those poor investors" How about the poor regular working joe who's getting butt raped by those investors. Time for serious change in American Government!
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Bkumm7 months, 3 weeks ago
It's not viable yet and this 'article' is basically spam.
Further, it only delays the inevitable, it doesn't solve the problem. It's like liquefying coal, it's just a stop gap.
Think of it this way. If you saw an automobile back in the days of horses and buggies kept putting money into more expensive buggies would that make sense in the long run? Probably not. Same thing here.
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NelsonR7 months, 3 weeks ago
Extraction will be expensive and what energy source will be necessary for that extraction. Old news, no new technology other than ripping up the earth like the coal in W. Virginia and yet still very expensive. Regardless you will be paying over 5.00 per gallon. You will NEVER see 2.00 per gallon gas again EVER and that is an optimistic outlook.
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Justice4All7 months, 3 weeks ago
The article looks like a scam to rip investors off. But it is based on some factual data.
http://money.cnn.com/2007/10/30/magazines/fortu...
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triizine7 months, 3 weeks ago
The way I see it, an abundance of anything is not a price stabilizer. Here, where I live (Nucla, Colorado), we have a coal mine and a power plant. The power plant produces electricity for many places, and utilizes a clean burning method, which was experimental more than 15 years ago.
Locals work in the coal mine; trucks deliver the coal to the power plant, about 5 miles away, but we locals are paying more for electricity than anyone else in the state. The national average for a KWH of electricity is something like 9 cents. We pay 13 cents, and are only topped by consumers in New York, who pay 14 cents per KWH. Therefore, IMHO, an abundance of anything will not promise a drop in cost to the consumer; not as long as corporations have the ability to deregulate. Profit is profit, and those who make it don't want to share it.
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crghss7 months, 3 weeks ago
I have some land in south Florida for sale also. It has millions of gallons of oil under it also. Subscribe now.
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Obaku7 months, 3 weeks ago
Why is this crapola still on the board?
It is nothing but SPAM, huckster jive and shuffle, no different than the 200 mpg carburetor and 'miracle weight loss'.
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engineer
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