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BLM airs oil-shale 'rules'
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And I know Marxism is a fun little thought to have in life but "we" are not pouring money down a hole. Private investors are putting their own money into these projects. It is called the free market. If developers want to do it then they get to. Their money is not your money just because you don't like what they are doing with it.
Oil shale can and will be developed if the environmentalist issues and hurdles can be overcome.
In our current world, where there is a shortage of energy and everyone still wants to have their homes cooled to 70 degrees as well as drive around freely, we need to develop all energy sources. There are such vast reserves of oil shale, it should naturally be on the list of energy sources. The feds can provide a framework for development, and then let the oil shale companies have a shot at it. Canada has had good fortune with their oil sands developments, where oil is extracted from oil sands.
Aldo may think it is a poor source of energy. So what. The same was said for natural gas 100 years ago. It was burned off, in massive amounts, as a waste gas from producing oil wells.
We can keep buying $140/bbl oil from foreign companies until they run out of it. Or we can keep buying $140/bbl oil from foreign companies (which we will do in any scenario) and try to develop some of our own oil resources.
We have PLENTY of oil reserves, but you don't hear about it, old people, because you're tied to Fox News and Rush Limbaugh. What about the huge oilfield next to Anwar? Oh! But it's further from the pipeline (we want "convenience").
The oil companies have permits all over this country, but do not want to expend energy developing those sources. How come it's cheaper to pay the Arabs, then to drill on the present permits? Think!
IS not the case this time around, with oil being above $130/barrel for as far as the eye can see and worldwide demand being strong for the stuff.
Oil shale is profitable at $30-$35 a barrel. The reason Colorado's original oil shale projects went belly up is due to the fact that OPEC collapsed the market at a time when oil rose to something like $50 a barrel in the early 80's. They dropped the price to the teens to keep our business. I doubt they can drop it that far this time...and if they do, I have no problem with under $1 a gallon gas.
I'm not saying oil companies are angels and darlings, but it's not quite as simple as people think it is. The oil companies geologists find areas that "likely" have deposits. They then secure a permit, and go through the process of determining if the plot is worth further investment. It costs a fair amount of cash to start the exploratory process and the success rate is not that satisfactory.
I will say if an article is written on whether curly fries taste better than regular fries, I will watch intently for your responses, as you will probably offer some good insight on the subject...but come on stay away from trying to 'enlighten' us all when you don't know what you are talking about.
By the way 'MR. Thinker' that likes to insult older people are you serious in trying to pin not drilling in Anwar on people that listen to Fox News?...You have got to be kidding me?
For the record, the oil is in Anwar...not "next to Anwar"...and it's the people that you support politically that are keeping us from drilling there...not fox news.
It is sad how many Americans do not pay attention to global economic issues, despite all of their eco-friendly savvy.
Do any of you know how much alt-energy is being used in countries like Germany? Google it, or take my word for it. In short: a lot. How good is the fuel economy of the everyday runaround car (if one is owned at all)? Great (side note most: euro-cars come standard running on diesel).
Last question, geniuses. How much is the cost of a LITER of Gasoline, or even diesel for that matter in most european countries? Remember that it it 3.75 Liters per gallon. I will let you find the answer to that one on your own, depending on your country of choice, and remember that the Euro and British Pound are worth MORE than the American dollar, by a lot. Good luck!
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The 6 test projects mentioned are interesting experiments, but do not demonstrate economic feasibility. Oil shale is a poor, poor source of energy, no matter how large the area it is spread over. It's like saying, "There's enough gold in the Wasatch Front to make every Utahn rich!" without adding that it would make everyone broke trying to extract it.