Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Fri 09/30/2011 View Thu 09/29/2011 View Wed 09/28/2011 View Tue 09/27/2011 View Mon 09/26/2011 View Sun 09/25/2011 View Sat 09/24/2011
1
2011-09-30 Arabia
New Boom Reshapes Oil World, Rocks North Dakota
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by g(r)omgoru 2011-09-30 09:34|| || Front Page|| [11130 views ]  Top

#1 I've been saying for years that there are still vast amounts of hydrocarbons underground and improving technology (and higher prices) will progressively make them available.

Australia is going through a coal seam gas boom and the UK has discovered more shale gas under a single county than there is projected recoverable gas in the North Sea.
Posted by phil_b 2011-09-30 09:46||   2011-09-30 09:46|| Front Page Top

#2 All your oil market are belong to us!
Posted by DarthVader 2011-09-30 10:28||   2011-09-30 10:28|| Front Page Top

#3 The United States has been....... "running out of oil" since the 1950's. Truth be known, some geologists are convinced mother earth is actually PRODUCING oil and gas as we speak!
Posted by Besoeker 2011-09-30 10:42||   2011-09-30 10:42|| Front Page Top

#4 some geologists are convinced mother earth is actually PRODUCING oil and gas I'm sure. The main questions for oil production are, how much and where is it?
Posted by Anguper Hupomosing9418 2011-09-30 10:59||   2011-09-30 10:59|| Front Page Top

#5 Hence the term.... "oil exploration."
Posted by Besoeker 2011-09-30 11:05||   2011-09-30 11:05|| Front Page Top

#6 Oh dear. I wonder where those fools who believed in peak oil (amongst other stupidity) have gone to now?
Posted by Bright Pebbles 2011-09-30 11:31||   2011-09-30 11:31|| Front Page Top

#7 I suspect global warmening has siphoned off a lot of the fools.

But the peak oil guys have a point. We rely on oil to run our machines and light our houses. Demand is steadily increasing and there are only so many whales in the world. Eventually, we *will* run out of whale oil.
Posted by SteveS 2011-09-30 11:56||   2011-09-30 11:56|| Front Page Top

#8 Peak oil is not about running out of anything. It's about how hard / expensive oil is to locate, extract, and deliver. It's still a theory, but national economies can get away with ignoring the theory at their peril. That half BILLION Obama wasted on Solyndra - how much good would the same investment have done in say, researching thorium reactors that could lead to converting US coal into US diesel fuel?
Posted by Anguper Hupomosing9418 2011-09-30 12:05||   2011-09-30 12:05|| Front Page Top

#9 Oh dear. I wonder where those fools who believed in peak oil (amongst other stupidity) have gone to now?

Climate change.
Posted by Steve White 2011-09-30 14:02||   2011-09-30 14:02|| Front Page Top

#10 I'm fairly sure that this article is in gross error. We still import about 63% of our oil. The situation in North Dakota is helping out a lot, but we also have the shortfall in the Gulf, which is bad and will be getting worse.

Glenmore probably has more exact figures handy, if he ever comes along today.
Posted by Thing From Snowy Mountain 2011-09-30 15:20||   2011-09-30 15:20|| Front Page Top

#11 We are projected to be VERY busy in North Dakota and the other neighboring states exploring the Bakken for at least 3-4 more years if not more. That was the figure thrown out before USGS stated the bakken was 2.5 times bigger than originally thought. What's even scarier is that the boom is JUST BEGINNING. The number of rigs this year is expected to be at least 100+ more than last year.

Southern crews best listen to the Northern hands telling them about the weather, it CAN and WILL kill you fast otherwise.
Posted by Silentbrick - Halliburton Lost Drill Bit Division 2011-09-30 19:36||   2011-09-30 19:36|| Front Page Top

#12 Look at all the years of media attention, books written, subjects taught, money spent in research and development. Taxes, elections, many many government regulations and only now the pot is boiling over. I can see how the world is flat crowd got away with that for so long. Well, better late than never.
Posted by Dale 2011-09-30 23:35||   2011-09-30 23:35|| Front Page Top

23:35 Dale
23:34 JosephMendiola
23:18 lotp
23:14 JosephMendiola
23:11 lotp
23:04 JosephMendiola
22:52 trailing wife
22:27 Procopius2k
22:00 European Conservative
21:54 Nimble Spemble
21:54 Lumpy Elmoluck5091
21:51 European Conservative
21:49 Thing From Snowy Mountain
21:48 Nimble Spemble
21:48 Thing From Snowy Mountain
21:44 European Conservative
21:29 JosephMendiola
21:20 JohnQC
21:20 JosephMendiola
21:17 JosephMendiola
21:13 
21:07 lotp
20:23 Lumpy Elmoluck5091
20:08 Nimble Spemble









Paypal:
Google
Search WWW Search rantburg.com