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Oil-shale projects are going ahead in Utah for now
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I believe the main reason that the price of oil has fallen so quickly, is that the Arab nations have felt some economic heartburn from the decrease in demand, and are concerned that we may be getting serious about developing our own energy sources.
So, call me a heretic, but I am hoping that the price of gas will shoot up again soon. We need that motivation to develop our own sources - not only more drilling, but other types of energy, as well.
For example, did you know that there's not enough nickel in the world to produce sufficient batteries so that every car in the U.S. could run on battery power? What's your (and Obama's) plan for overcoming that? We need a method of energy storage that doesn't involve batteries - do you have one? Compressed air is promising in this regard, but has major techincal obstacles of its own.
It's going to be decades before we have a viable alternative to oil. So in the meantime, guess what that means? Drill or die.
The foreign oil is our only hope unless we develop more of our own technologies. It is nice to dream about and work towards wind, electric and solar but solar is far more expensive technology still than other alternatives. Electric is still 5-7 years away from making an impact on our need for power and wind is now supplying less than 5% of our countries needs. Where is the oil going to come from for the next 5-10 years?
An ostrich would put its head in the sand and not plan but I for one do not want to be held hostage by foreign oil again so lets get going, develop the technology and be an industry leader again.
We need to proceed with developing our own domestic oil reserves.
Face it folks, despite Ah-bama's goal of getting off oil in ten years is as realistic as his turning into republican.
Oil shale extraction technology is coming along. Take a look at what Shell is doing. In fact, they are piloting environmental friendly methods in Colorado.
That said, let's go forward with oil shale operations. Hard to know what we have until some promising technologies are tested and proven/disproven.
It is the largest find of oil in North America in the last 50 years.
Come join with us bloggers and solve the problems. Legislative policy decisions are sometimes made on less information that what you see here.
"I would imagine that since neither oil shale nor oil sands are particularly low carbon-emitting technologies, that under a new administration they would be more likely to be penalized than they would be helped,"
It is our own policies and politicians that have prevented energy independence.
Cameron is right, the handcuffs on industry are created in Washington D.C. and while they hold out for the "perfect" solution, we will be stuck in a far worse scenario than we just experienced, especially if Iran decides to mine the Gulf of Hormuz.
I was at the Oil Shale Symposium, there are solutions in the lab and in the field, but they are ignored by the media and the environmentalists repeat the same old mantras as 30 yrs ago like 5 bbls water per bbl of oil, which is complete fabrication for current methods.
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