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Thread: Peak Oil My Ass.

  1. #1
    Member ILOVEDNY's Avatar
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    Peak Oil My Ass.

    GAO: Recoverable Oil In Colorado, Utah, Wyoming “About Equal To Entire World’s Proven Oil Reserves” Combined…

    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 GAO testimony stressed that the federal government was in “a unique position to influence the development of oil shale” because the Green River deposits were mostly beneath federal land.

    It also noted that developing the oil would pose “socioeconomic challenges,” which included bringing “a sizable influx of workers who along with their families put additional stress on local infrastructure” and “making planning for growth difficult for local governments.”

    “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.
    http://weaselzippers.us/2012/05/11/g...rves-combined/
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  2. #2
    Member nogods's Avatar
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    about half of this may be recoverable, depending on available technology and economic conditions
    One could say the same thing for all the minerals on Mars.

    If this is such a sure thing, why should we let private companies take all the profits?

  3. #3
    Member granpabob's Avatar
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    lease the land let the private companies take all the risk and do all the work. sure they will make profits if the field is as good as they claim but the fed will get it's share with no risk and no federal workers.
    One good thing about growing old is your secrets are safe with your friends they can't remember them either

  4. #4
    Member DR_GONZO's Avatar
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    Sweet! More oil to export to communist china. More taxes to impose on U.S. consumers in America. Win for big oil. Win for U.S. government.

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