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Thread: America’s secret stash of oil

  1. #1

    Exclamation America’s secret stash of oil

    America’s secret stash of oil

    That two trillion barrels of formerly useless shale oil has been lying under the USA’s Colorado Green Mountain is not news. It is not news that it is the largest untapped oil reserve in the world, sitting a thousand feet under the Rocky Mountains. 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
    You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.
    Quote Originally Posted by bekdik View Post
    Expecting a corporate to do something out of a spirit of goodwill is about as efective as expecting to win a lottery without purchasing a ticket. It ain't gonna happen!

  2. #2

    Default

    So - it only becomes economically viable to extract it when the price of oil gets to a certain level right? Same with the UK's North Sea afaik - or at least thats what we were told in school back in the 90's.

    The shame is if this detracts attn away from alternative energy sources.

    Just a qn - anyone can sign up and 'report' a story at reporter.co.za right? Are there checks and balances in place?
    "Le mieux est l'ennemi du bien." FM Arouet
    "All that is necessary for the triumph of evil is for good men to do nothing." Edmund Burke
    "Never argue with an idiot. They drag you down to their level, then beat you with experience" Unknown
    Ron White was right

  3. #3

    Default

    afaik canada has the largest shale reserves in the world. The problem is seperating the oil from the sand, which atm is a very expensive process. As oil nears $100/barrel these costs become less of an issue.

    - twiga

  4. #4

    Default

    So the stash not so secret then?
    Give us more bandwidth at reasonable prices

  5. #5
    Banned kingmonty's Avatar
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    Default

    Quote Originally Posted by bwana v.13
    Just a qn - anyone can sign up and 'report' a story at reporter.co.za right? Are there checks and balances in place?
    Standard Editorial checks and balances apply

  6. #6

    Default

    Why are we as the human race even continue with oil. Its a finite fuel source that brings out the worse of mankind.

  7. #7

    Default

    Got a better idea, kimosabe?

  8. #8
    Super Grandmaster
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    Default

    Go nuclear !
    Just think of everyone driveing a nuclear powered car !

  9. #9

    Default

    Quote Originally Posted by spiderz
    Go nuclear !
    Just think of everyone driveing a nuclear powered car !
    Would be fun, nuclear subs only need to fill up once every 30 years, the aircraft carriers even manage 15 years, and they run more power than a small city...

    But just think what the terrorists could do with a small car bomb!

  10. #10

    Default

    What we should do is follow back to the future
    Give us more bandwidth at reasonable prices

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