How Much Oil is There in Colorado?

Infidel Dog · #1 (**permalink**) 05-13-2012, 01:46 PM

When the MSM isn't avoiding this they're giving different stories, so I'm wondering, what's the truth?

Anu K. Mittal of the Government Accountability Office, and others appear to think there's a lot of oil in Colorado.

Quote:

(CNSNews.com) - The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.

“The Green River Formation--an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming--contains the world's largest deposits of oil shale,”Anu K. Mittal, the GAO’s director of natural resources and environment said in written testimony submitted to the House Science Subcommittee on Energy and Environment.

“USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified.

“The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,” Mittal told the subcommittee. “At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world's proven oil reserves.”

GAO: Recoverable Oil in Colorado, Utah, Wyoming 'About Equal to Entire World?s Proven Oil Reserves' | CNSNews.com

This is before you even calculate other American regions of potential oil, such as ANWAR, and Off-shore. This is before you even consider Keystone. Makes you think.

dabateman · #2 (**permalink**) 05-13-2012, 01:49 PM

Quote:

Originally Posted by Infidel Dog

When the MSM isn't avoiding this they're giving different stories, so I'm wondering, what's the truth?

Anu K. Mittal of the Government Accountability Office, and others appear to think there's a lot of oil in Colorado.

GAO: Recoverable Oil in Colorado, Utah, Wyoming 'About Equal to Entire World?s Proven Oil Reserves' | CNSNews.com

This is before you even calculate other American regions of potential oil, such as ANWAR, and Off-shore. Makes you think.

This is why domestic companies have been screaming American oil from American soil. But instead we have trapped ourselves into these multinational production mindsets. The truth of the matter is that we could END us dependence by the end of 2012.

Infidel Dog · #3 (**permalink**) 05-13-2012, 02:01 PM

Quote:

Originally Posted by dabateman

This is why domestic companies have been screaming American oil from American soil. But instead we have trapped ourselves into these multinational production mindsets. The truth of the matter is that we could END us dependence by the end of 2012.

You know for a minute, I thought you were agreeing with me, then I thought, 'no, that can't be right', so I read again, and said to myself 'think like a ~~Socialist~~, I mean Progressive'.

You're thinking the evil oil companies don't want that oil, so you have to nationalize it, right?

It's been tried before in Canada, you know. Didn't work.

National Energy Program - Wikipedia, the free encyclopedia

dabateman · #4 (**permalink**) 05-13-2012, 02:04 PM

Quote:

Originally Posted by Infidel Dog

You know for a minute, I thought you were agreeing with me, then I thought, 'no, that can't be right', so I read again, and said to myself 'think like a ~~Socialist~~, I mean Progressive'.

You're thinking the evil oil companies don't want that oil, so you have to nationalize it, right?

It's been tried before in Canada, you know. Didn't work.

National Energy Program - Wikipedia, the free encyclopedia

Actually, that's not what I said... but continue.

Infidel Dog · #5 (**permalink**) 05-13-2012, 02:11 PM

I'm sorry. What did you say then? Did you say you agree with my tone that Oil production should be opened up without government interference, because damn there's a lot of oil in America to be had if they do.

Here's a link you can ignore for now. I'm just keeping it handy in case I need it later.

New EPA project: Cap-and-trade simulator Hot Air

dabateman · #6 (**permalink**) 05-13-2012, 08:44 PM

Quote:

Originally Posted by Infidel Dog

I'm sorry. What did you say then? Did you say you agree with my tone that Oil production should be opened up without government interference, because damn there's a lot of oil in America to be had if they do.

Here's a link you can ignore for now. I'm just keeping it handy in case I need it later.

New EPA project: Cap-and-trade simulator Hot Air

I believe that petroleum production should be opened up, with sufficient regulation.

cnredd · #7 (**permalink**) 05-13-2012, 08:48 PM

Quote:

Originally Posted by dabateman

I believe that petroleum production should be opened up, with sufficient regulation.

And that is why it won't happen...

Saying "You can drill, but were gonna put you in handcuffs and throw roadblocks into every aspect of your work." doesn't exactly solicit business...

We've seen this act before...

Obama on building coal plants in the United States - YouTube

Infidel Dog · #8 (**permalink**) 05-13-2012, 10:06 PM

Here's a blog consideration of the OP article commenting on the line...

Quote:

"This is an amount about equal to the entire world’s proven oil reserves."

"Read those last two sentences again and think about it for a moment. The largest remaining reserves of oil on the planet are not in Saudi Arabia or buried under the frozen steppes of the former Soviet Union. They’re here in the United States. Combined with the massive resources in western Canada, that means that North America is the King of Oil for the future. But what – if anything – will we do about it?

The vast majority of this supply is shale oil, a form which was essentially useless to us only a few decades ago, but now we know how to get it. And if you want to avoid ripping up the entire landscape, that means horizontal drilling and fracking. Unfortunately for us, this is one of those rare areas where the government actually can make a difference, for better or worse. The Obama administration continues to claim that they are pursuing an “all of the above” energy policy, but at the same time they are jumping in with new regulations regarding fracking.

If we move forward on this aggressively, the industry can safely access these resources which would significantly strengthen our hand on the international stage. But with the wrong approach, Washington could hog tie energy developers with excessive, expensive regulations or shut the entire process down by failing to issue permits to develop resources on these federal lands.

The public disclosure of these reserves is good news, but it’s only the beginning. And while I feel some trepidation in saying it, I’m afraid the ball is in Barack Obama’s court."

In the American west: An ocean of oil Hot Air

saltwn · #9 (**permalink**) 05-13-2012, 10:22 PM

Quote:

Originally Posted by cnredd

And that is why it won't happen...

Saying "You can drill, but were gonna put you in handcuffs and throw roadblocks into every aspect of your work." doesn't exactly solicit business...

We've seen this act before...

Obama on building coal plants in the United States - YouTube

Yeah deregulation worked so well with Wall Street and Tyson chicken why not just throw the door open on oil and let some company get our resources to sell to someone else and still not lower our prices.Not to mention crap in our environment.

Mikeyy · #10 (**permalink**) 05-14-2012, 12:20 AM

Quote:

Originally Posted by Infidel Dog

When the MSM isn't avoiding this they're giving different stories, so I'm wondering, what's the truth?

Anu K. Mittal of the Government Accountability Office, and others appear to think there's a lot of oil in Colorado.

GAO: Recoverable Oil in Colorado, Utah, Wyoming 'About Equal to Entire World?s Proven Oil Reserves' | CNSNews.com

This is before you even calculate other American regions of potential oil, such as ANWAR, and Off-shore. This is before you even consider Keystone. Makes you think.

OMG that is beautiful land. Now you want to fu*k it up too?

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