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Thread: Has America hit the oil jackpot?

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    Guest Steve-O's Avatar
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    Has America hit the oil jackpot?

    I am hearing through a colleague that back in 2006 the US discovered a MASSIVE amount of oil under colorado... and supposedly the gov kept a lid on it since back in the 1930's!. They estimate there could be up to 2 TRILLION barrels of oil there - which overshadows all the middle east by billions!!!

    been reading about it :

    http://www.americanchronicle.com/art...articleID=8433

    Dunno if this is old news to you guys but i was just passed it and thought if this is the case this could change the world... russia and the middle east will suddenly have a serious rival on their hands... oil prices might drop through the floor as competition heats up...on the other hand it could cause increased tension if the US starts to wave its sabre in the knowledge it can be self reliant for the forseeable future....

    Maybe that V8 wont be so expensive to run after all

    Very interesting
    Last edited by Steve-O; 01-08-2007 at 16:23.

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    if this is true, maybe the petrol price will drop!

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    Sweet, so I shouldn't have to drive an electric car in my lifetime Hopefully it's true and prices drop Then I can sell my Micra commuter and buy a BMW 750i as my new commuter

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    Guest Cloudy's Avatar
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    Interesting read and nothing would surprise me.

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    Guest ben8000's Avatar
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    nah America would stockpile it all until the rest of the world has run out then give it out to its "friends" in dribs and drabs at massively inflated prices.

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    Guest Cloudy's Avatar
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    Bush and Blair sitting in a tree K.I.S.S.I.N.G.....
    Bush and Brown sitting in a tree K.I.S.S.I.N.G.....

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    Quote Originally Posted by Cloudy View Post
    Bush and Blair sitting in a tree K.I.S.S.I.N.G.....
    Bush and Brown sitting in a tree K.I.S.S.I.N.G.....

    if it bring the price of fuel down Brown better be up a tree taking one up the arse

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    Guest Deacon's Avatar
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    Quote Originally Posted by Bigtone View Post
    if it bring the price of fuel down Brown better be up a tree taking one up the arse

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    Guest Cloudy's Avatar
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    Quote Originally Posted by Bigtone View Post
    if it bring the price of fuel down Brown better be up a tree taking one up the arse
    LMFAO

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    Quote Originally Posted by Bigtone View Post
    if it bring the price of fuel down Brown better be up a tree taking one up the arse
    I've found my sig!
    Quote Originally Posted by Bigtone View Post
    if it bring the price of fuel down Brown better be up a tree taking one up the arse
    Quote Originally Posted by Asht_200 View Post
    Why?

    If Dignitas gave you a discount for going early... would you?

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    Two small issues spring to mind.

    Firstly, it's not oil, it's oilsand.

    Secondly, the first time I saw it it was being touted for part of a stock scam. The oil isn't financially viable to extract at the moment, and probably won't be for some time, so they were trying to use it for a pump-and-dump scam on a company involved in it.

    It won't make the price of oil drop, in fact it's only when the price of oil goes up that it's economically feasible to use it.

    Sorry

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    Quote Originally Posted by nene View Post


    Two small issues spring to mind.

    Firstly, it's not oil, it's oilsand.

    Secondly, the first time I saw it it was being touted for part of a stock scam. The oil isn't financially viable to extract at the moment, and probably won't be for some time, so they were trying to use it for a pump-and-dump scam on a company involved in it.

    It won't make the price of oil drop, in fact it's only when the price of oil goes up that it's economically feasible to use it.

    Sorry

    Got my hopes up before reading that

    I nearly had to use bp ultimate the other day as I thought I was gonna run out if fuel. At 106.9p a litre I chanced it to the shell garage, luckily I was ok

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    Quote Originally Posted by nene View Post


    Two small issues spring to mind.

    Firstly, it's not oil, it's oilsand.

    Secondly, the first time I saw it it was being touted for part of a stock scam. The oil isn't financially viable to extract at the moment, and probably won't be for some time, so they were trying to use it for a pump-and-dump scam on a company involved in it.

    It won't make the price of oil drop, in fact it's only when the price of oil goes up that it's economically feasible to use it.

    Sorry
    I take it you mean this oilshale deposit in particular rather than oilshale as a whole? as the Chinese and Canadians are working huge fields of oilshale right now quite happily.

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    Guest nene's Avatar
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    Quote Originally Posted by Marko View Post
    I take it you mean this oilshale deposit in particular rather than oilshale as a whole? as the Chinese and Canadians are working huge fields of oilshale right now quite happily.
    Somewhere between the two really.

    I'm not sure about the Chinese deposits, but Canada's are nice and close to the surface, which makes conventional mining easy to do and the extraction cheap and free from danger (well, relatively). However, they're still more expensive end-to-end that crude, and it produces heavier fractions which aren't so good for petrol.

    This deposit, from what I recall, is buried under vast amounts of the Rockies, which makes it really hard to get to and dangerous to impossible to mine. I think there are people trying to work on methods of extracting the oil in the sands without mining it, or in fact digging it up at all, but I think they're still a way away from being viable.

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    Quote Originally Posted by nene View Post
    but I think they're still a way away from being viable.
    Yeah I'd agree with that, if they could do it easily and cheaply right now they'd be crowing about how amazingly good they are.

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    I thought Canada has the biggest reserves of oil, it's just all in that oil shale stuff.

    It wouldn't surprise me if america had the reserves. lets face it, it it was discovered in the early 30's, no one would want to have invested in it because of the great depression. Also, Texas was pumping out a shed load of cheap oil, why would they want more? Save it for the future etc.

    On the other hand, there is a load of crap on the net and if you search in google, most the stories seem to be worded the same

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    dont we have a large supply of oil waiting under the falklands???
    http://sxoc.com/vbb/image.php?type=sigpic&userid=11238&dateline=1227414084
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    I'm not a big ford fan but the RS500 is a legend, you cannot take away from it its Icon status and to suggest that its a chavvy car is like saying Kirsten Scott Thomas is a council estate slapper

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    i know out in the middle east there building more refinerys than houses
    at the moment

    Everytime we go back which is every few months its just getting bigger
    and bigger! Its neverending there

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    Guest Si's Avatar
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    Ahh, conspiracy theories - without them, the internet would be non existant

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    Quote Originally Posted by Midlands_si View Post
    Ahh, conspiracy theories - without them, the internet would be non existant
    I dunno, there would still be the white-power sites and the ones where 13yr olds called each other 'faggot' all day because they don't like the same anime.

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