some guy was ranting to me that there was an untapped oil reserve bigger and the Saudi's and becasue of enviormentalist love for rocks, we cannot do it
it sounded really stupid so i was wondering
2006-12-26 07:20:03 · 10 answers · asked by Anonymous in Social Science ➔ Economics
From the story I saw on the discovery channel or one of those type channels one night, tes, and huge reserve at that, but it is hard to get to and of course the government is fighting with private companies about who will get the most profits for drilling, and processing and such. At one point a few years ago, some company did actually try to get things going and an entire town sprang up from men who worked on the project with their families. But the project was short lived when the discovery came of how difficult the drilling was going to be to get to the actual reserve because it sits under a mountain. The town is pretty much a ghost town now.
2006-12-26 07:34:00 · answer #1 · answered by â¤??? ?å???? 4 · 2⤊ 0⤋
It is absolutely true that there is a massive oil reserve locked among rocks in the Western US, mostly under Colorado. I have read estimates in the mainstream media that it contains 3 times as much oil as exists in the entire Middle East. Nothing stupid or crazy about it, it's true.
The problem is, the oil is contained in shale in such a way that it's difficult and expensive to extract. So far it has not been economically viable to extract that oil, even though it's right there in the ground. Companies have been working on and off for decades (whenever oil gets expensive) trying to exploit the oil but they've not yet been successful.
There's a newspaper column below about that -- you can learn more by Googling Colorado Shale Oil. Meanwhile, Xeno277 has a point. I don't think it's intentional government policy, but it does make strategic sense to drain the rest of the world of oil while we can, and leave as much of our own oil untapped as long as possible.
2006-12-26 18:19:02 · answer #2 · answered by KevinStud99 6 · 1⤊ 0⤋
There is a massive crude oil reserve at the Elk Hills facility near Bakersfield California. It was originally intended as an emergency reserve for military use in the event of war, it has been there since WW II. Now that a large percentage of Navy vessels are nuclear powered the need for military crude was drastically reduced, so Congress signed the reserves over to private oil interests. It is there, ready to pump, but has been untouched since the 1974 Arab oil embargo. There is estimated to be a 250 year supply there for the U.S. at today's fossil fuel consumption rate.
It is also an item of interest that the Alyeska (Alaska) pipeline, flowing at 96% capacity in the late 70's is now flowing at 30% capacity, but the number of producing wells on the North Slope has over doubled. Yes we have untapped reserves that are being ignored, not due to environmentalist, but to keep the price of gas high. We are getting a systematic screwing by the government and the oil companies, through Democrat and Republican administrations, THAT is the power of the U.S. oil cartel. Forget OPEC... they are a bunch of squabbling 3rd world wannabes... The existence of massive deposits in Utah, Montana and Wyoming is sheer speculation, no facts to back it up.
2006-12-26 07:48:35 · answer #3 · answered by Gunny T 6 · 3⤊ 0⤋
It's all about control my friend -- buy and use the world's oil while we can. When the world runs out of oil, we will still have the untapped reserves!!
Who has the oil now? The U.S.!! It's an unwritten and undocumented code that exists on the highest level, that is why we don't drill in all the places we know we can.
2006-12-26 12:24:21 · answer #4 · answered by Anonymous · 1⤊ 0⤋
There is a massive amount of oil in Alaska, and even more in the Gulf of Mexico. Environmentalists oppose the exploitation of both these resources.
As for Utah, they have a lot of coal and oil shale. Oil shale can be turned into petroleum, but it is a dirty and expensive process, and the environmentalists oppose that as well.
2006-12-26 08:52:32 · answer #5 · answered by Anonymous · 2⤊ 0⤋
Argentina has no precise to the Falklands, the islands have had usa status longer than Argentina has been a rustic. the shown fact that an Island is hundreds of miles off your sea coast would not provide you the terrific suited off owenership, if that have been the case then the British isles could belong to France and the Carribean Islands including Bermuda could be American Territory. I propose we inspire the individuals to construct an NSA Base or militia facility on the Falklands, that should help deter the Argies.
2016-11-23 18:11:58 · answer #6 · answered by ? 4 · 0⤊ 0⤋
An engineer on another website wrote that the massive oil reserve under the rockies was way too costly at this time to extract.
With his limited knowledge of economics he did think that it would always remain too costly to extract.
2006-12-26 10:11:55 · answer #7 · answered by Anonymous · 1⤊ 0⤋
u are not alone with the idea that we are mislead in a big way, i have very little doubts that the whole country could be sold to anyone at anytime for the bucks and let your imagination bite on that, cause i don't like any rich people running our country and never did, they would sell u out in a heart beat and i think that is why the border went down is that we got sold out, along time ago toooooo
2006-12-26 14:44:35 · answer #8 · answered by bev 5 · 1⤊ 0⤋
I don't know but we should rip Utah apart til we find it...
2006-12-26 07:47:25 · answer #9 · answered by chavito 5 · 1⤊ 1⤋
Sure it is...and my butt is made out of gold, as well.
2006-12-26 07:25:55 · answer #10 · answered by Anonymous · 0⤊ 3⤋