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Deleted message: Hey genius You want to power cars, airplanes, produce plastics and fertilizers with coal?
Exxon and Chevron are not interested in American oil shale, it will probably never be possible to exploit it. Horribly expensive in financial and ecological terms, cost in the hundreds of dollars per barrel.
In 2020-2035, there won't be any cheap oil left to develop better technology. We will have other priorities, renewable, clean energy.
Who cares what they're interested in? The American people have an energy source that sits in it's borders. This is your argument? Cheap oil is the resource we have to develop new technology? The fallacy in this logic goes all the way back to George Washington Carver and BEYOND. Oil Shale was estimated at one time as a resource that could provide the US with oil at $10.00 per barrel.
I apologize - Coal is a rock, oil shale is a rock, both are in the ground. Their are incredibly large deposits of Natural Gas in the immediate vicinity of Oil Shale. The Gas companies know this. Research.
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,428,613 times
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Quote:
Originally Posted by walidm
Who cares what they're interested in? The American people have an energy source that sits in it's borders. This is your argument? Cheap oil is the resource we have to develop new technology? The fallacy in this logic goes all the way back to George Washington Carver and BEYOND. Oil Shale was estimated at one time as a resource that could provide the US with oil at $10.00 per barrel.
"You'd never guess that the whole stretch of brown, red, and orange land contains enough recoverable oil and
gas to make you forget about the Middle East for the rest of time."
"Most of the nation's oil shale reserves rest under the control of the U.S. government - a legacy of a 95-year old
Congressional Act. In 1910, Congress passed the Pickett Act, which authorized President Taft to set aside oil-
bearing land in California and Wyoming as potential sources of fuel for the U.S. Navy. Taft did so right away. The Navy
was in the process of switching from coal burning ships to oil burning ships. And the U.S. military, conscious of the
expanding role of America in the world, needed a dependable supply of fuel in case of a national emergency.
From 1910 to 1925 the Navy developed the Naval Petroleum and Oil Shale Reserves Program. The program became official in 1927 and President Roosevelt even expanded the scope of the program in 1942 as the U.S. geared up for war with Japan and Germany.
Several of the oil fields set aside for the nation's first strategic reserve, particularly Elk Hills in California,
would go on to produce oil for the U.S. government. Elk Hills was eventually sold off to Occidental Petroleum for
$3.65 billion in 1998 in the largest privatization in U.S. history. The shale reserves, however, still remain, locked
1,000 feet underground in the Colorado desert."
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,428,613 times
Reputation: 40736
Quote:
Originally Posted by walidm
I saw the report A year ago.
I find it difficult to believe that if $10.00/bbl, let's be generous and allow $30.00, that if this is a reasonable estimate that there's not a HUGE influx of men and equipment to the area right now.
Shale oil in particular is likely to cost well over $100/barrel, a price point that makes almost any alternative much less expensive.
In discussions with people in the auto industry, no one seems to believe shale, coal to liquid or any of these synthetic oil projects are viable or desirable replacements for crude.
I find it difficult to believe that if $10.00/bbl, let's be generous and allow $30.00, that if this is a reasonable estimate that there's not a HUGE influx of men and equipment to the area right now.
Why be generous? it is what it is - I prefer fair over generous.
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