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|User Info||Oil, big oil - in America; entered at 2012-03-06 14:37:19|
Registered: 2008-07-25 Maine
Old news. The USGS report that Bo is waving around came out in 2008. Bakken is big only because everything else being discovered is small. The field has been known for decades, but was never worth the trouble before now because -- guess what -- all the cheap, plentiful stuff has already been exploited. |
As for the "bigger than Saudi Arabia" oil shale deposits in Colorado, etc., also old news and the source of major hype since the 1970s. Major problem -- it takes more energy to extract the kerogen (it's not oil, it's sort of a proto-oil that requires extensive chemical manipulation to use) than it gives up when it's used. Until that problem is solved -- and like nuclear fusion, they've been working on it for decades without success -- oil shale is just a ghost in the machine.
Too bad Bo has so little confidence in his post that he won't respond to comments, but I suppose that says something, too.