57 5 mins 13 yrs

Here is just some basic info I could put together at a glance. I do understand that it will be above most of your heads.


API Access Counter The development of America’s vast domestic oil and natural gas resources that had been kept off-limits by Congress for decades could generate more government revenue, create new jobs and significantly boost domestic production. Want to learn more about increased production, decreased imports, and the cars and homes that could be powered by untapped U.S. resources? The API Access Counter enables you to explore resources and regions to understand the benefits of increased energy exploration.
Off-limits US oil, gas worth $1.7 trillion to government: study

Karen Matusic 202.682.8118 matusick@api.org
WASHINGTON – The development of America’s vast domestic oil and natural gas resources that had been kept off-limits by Congress for decades could generate more than $1.7 trillion in government revenue, create thousands of new jobs and enhance the nation’s energy security by significantly boosting domestic production, a study released Monday shows.

The ICF International study, commissioned by the American Petroleum Institute (API), shows that developing the offshore areas that had been subject to Congressional moratoria until recently, as well as the resources in Alaska’s Arctic National Wildlife Refuge and a small portion of currently unavailable federal lands in the Rockies, would lift U.S. crude oil production by as much as 2 million barrels per day in 2030, offsetting nearly a fifth of the nation’s imports. Natural gas production could increase by 5.34 billion cubic feet per day, or the equivalent of 61 percent of the expected natural gas imports in 2030.
The study also estimates that the development of all U.S. oil and natural gas resources on federal lands could exceed $4 trillion over the life of the resources.

“This study underscores how the oil and natural gas industry can enhance America’s energy security and help solve our economic problems by increasing production of our nation’s vast oil and natural gas resources,” said API President and CEO Jack N. Gerard. “The U.S. oil and natural gas industry supports more than six million jobs, and more drilling for oil and natural gas will mean more energy for America, more well-paying jobs, and trillions of dollars of much-needed revenues that will help federal, state and local governments pay for critical services.”

According to the ICF study, U.S. crude oil production would rise by 36% by 2030 if development is permitted in the studied areas of the Outer Continental Shelf, ANWR and the Rockies and domestic natural gas production would rise by 10%. By 2030, this activity would create 160,000 jobs.
API is the industry’s national trade association that represents all aspects of America’s oil and natural gas industry. Global professional services company ICF International partners with government and commercial clients to deliver consulting services and technology solutions in energy, climate change, environment, transportation, social programs, health, defense, and emergency management.
Summary ReportSize: 58 KB Date: December 8, 2008

Final ReportSize: 812 KB

Date: December 8, 2008 Wondering what’s going on with American energy and where our country is headed? Click here to find out the truth about oil and gas, and what it means for America’s energy and economic future. Here is a state by state map on different R&D taking place in the US.

From Kipplinger The U.S. is sitting on the world’s largest, untapped oil reserves — reservoirs which energy experts know exist, but which have not yet been tapped and may not be attainable with current technology. In fact, such untapped reserves are estimated at about 2.3 trillion barrels, nearly three times more than the reserves held by Organization of Petroleum Exporting Countries (OPEC) nations and sufficient to meet 300 years of demand — at today’s levels — for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.

What’s the problem then? Why aren’t oil companies jumping to pump the black gold? Contrary to what some conspiracy theorists would have you believe, there is no cabal of oil companies and foreign governments blocking the way, bottling up U.S. oil production. The reality is much more mundane. Those untapped reserves are located in places that either Uncle Sam has put off-limits for environmental reasons or are too costly to get — or a combination of both.

 

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57 thoughts on “A Little Edumacation for The Naysayer

  1. Troll;

    Where to begin!

    You are referring to an API report to begin with! This is a lobby group and it is pointless to even consider it.

    The report is done by a company called the ‘ICF’. I have never heard of them in my life. There is only one company that has decent global oil reserve estimates, and they are ‘Petroconsultants’. Access to their info costs over ten grand though, but some of it has been published. Fortunately, i know a guy who used work there and he gave me a good bit of info.

    Another fairly good company is ‘Energy files’, though they would not be as thorough.

    The ‘BP Statistical Review of Energy’ is crap for OPEC reserves, because they ask OPEC for the numbers and right them down. They do not investigate or analysis the stats. They are, however, pretty good for US and European reserves as these states have far stricter regulations regarding the classification of reserves.

    This study is B.S. You have failed to understand the difference between oil shale and conventional crude. Try drilling oil shale, you will not be too happy.

    US oil production fell by 13% under Bush and will probably fall by more under Obama.

  2. Oh ya, Troll how can you explain the existence of kerogen if oil is abiotic? Come on Troll, don’t cower away from answering the question.

  3. Very interesting Troll.

    Over the past year there has been at least two, massive discoveries of new oil fields around the world, one in the gulf of Mexico and the other in central Asia.
    Like your report shows, it is given little prominence in the media generally as it upsets the enviro’ists & Peak Oil enthusiasts.

  4. I love the fact when you quote from an anti-oil greener wacko site it’s gospel but when you quote from people in the oil business it’s propaganda…lol

    and I suppose Kipplinger is owned by big oil also?

  5. Guba.

    What is your point? Oil is a naturally occurring product, not some human concoction like Napalm.
    It is incredibly useful and makes an enormous range of things from drugs to footwear.

  6. "how can you explain the existence of kerogen if oil is abiotic?"

    I was arguing with the lads in my local pub just that same point the other day 😉

  7. ernard:

    There has not been a ‘massive’ discovery in the Caspian at all. It has been a severe disappointment. The Caspian region was the first big oil producing region in the world. It has been thoroughly explored and largely depleted.

    The one area which wasn’t was under the Caspian sea itself. The most recent super giant – the only one found in 25 years! – was found there in 2000. They were tripping over super-giants in the ’40s and ’50s.

    It is a small super-giant however and the oil is very sulphuric and, thus, very expensive to clean.

    There have been discoveries in the deep-water far out in the Gulf, but nothing, by any means, massive. Have you a link?

    The only potential big find recently has been off the coast of Brazil. It is a super-giant, but we cannot be sure of its size yet. Petrobras have been very quite recently!

    Peak oil is real, most say it will occur in the next 10 years.

  8. I love the fact when you quote from an anti-oil greener wacko site it’s gospel but when you quote from people in the oil business it’s propaganda…lol’

    Have i quoted from any of these sites? I prefer reports.

    ‘What is your point?’

    Earlier Troll said oil was abiotic, yet he apparently believes in the existence of oil shale.

    ‘I was arguing with the lads in my local pub just that same point the other day ‘

    Colm: You are officially … cool.

    ‘there is plenty of oil even if you don’t buy into abiotic oil’

    So oil may be biotic? If it is biotic, when do u think oil will peak?

  9. oil will never peak and there is more than one kind.

    The core of the earth is a giant ball of uranium which keep the geothermal activity of this world churning one of the by products is oil another is CO2, to very vital elements needed for the survival of mankind

  10. For those who are genuinely interested in future oil production, read these:

    US Army Corp of Engineers this is a pretty good overview. It is pretty easy reading too. Very good on US oil reserves.

    GAO Report This is very detailed, contains all you will need to know. here

    The Hirsch report is also very detailed and worth a read.

    These reports are optimistic in terms of global oil production, but they have the best data in relation to US oil production.

    Bernard:

    I don’t like treacle either. Why do you think i hate oil?

  11. ‘The core of the earth is a giant ball of uranium which keep the geothermal activity of this world churning one of the by products is oil another is CO2, to very vital elements needed for the survival of mankind’

    So what about Kerogen? If oil is abiotic, why does kerogen exist? Or are you saying that some oil is biotic and some abiotic? What an amazing coincidence that the same exact substance has been created exclusively on the one planet through two completely different process. One of which has absolutely no evidence, and the other all the evidence.

  12. Troll wrote:

    "oil will never peak and there is more than one kind.

    The core of the earth is a giant ball of uranium"

    lol! You have to love how Troll states these speculative, borderline nuts, theories as if they were absolute fact.

    It’s really a mystery why Troll has no Nobel prize.

  13. Frank:

    "It’s really a mystery why Troll has no Nobel prize."

    Didn’t you hear? The Foundation has been infiltrated by Democrats.

  14. One thing i’ve never understood, not that I studied it, is that if oil is from biotic sources, why is it found all in Saudia?

  15. Troll is thinking of ‘Radon’ Frank, a radio active gas that filters up from the earths core in the West country. It causes spontaneous bed-wetting and chickens to lay hard-boiled eggs.

    An understandable error.

  16. Charles:

    What is now the Middle East was once covered by the tethys ocean. Oil needs very specific conditions to form and the tethys was particularly bountiful.

  17. no abioticic oil obsorbs particulate mater as it is formed and that means old algae and wood as it rises to the surface

    The nobel prize was a joke created by the inventor of dynamite and it’s recent recipiants prove his joke…lol

  18. oh and click on the "here" link in gubas comment then go to the upper left hand corner and click the Peak Oil logo It’s a propaganda site for that "theory"…lol

  19. look it up Nobel was preasured to come up with something to add to society that his product was such a destructive force in

  20. as for kerogen it is in the earths layers as decayed matter as the oil flow throughs those layers it is absorbed the same way sulfer and other minerals and waste are absorbed

  21. the earth is a giant ball of uranium?

    fook me Hawaii must be a nuclear bomb waiting to happen

    Troll keep writing you’re funnier than FARK

  22. Troll:

    These reports are real. You can ignore the site if you wish. I only ask that you read the Government reports.

    Charles:

    Well there is probably little oil in the Artic, though it is relatively unexplored. Speaking to a very renowned oil geologist, he told me that it is very unlikely that there is much oil there, but there could be gas. Gas is made by plants ( areas that were land), oil is made from animals (plankton blooms)The fat in the planlkton is what makes oil different from gas.

    Ya plate tectonics would be the answer and the fact that it was a lot warmer then.. The problem is that the vast majority of the source rock (what oil is made of – oil shale is source rock) in the earth was made at at a few specific times, mainly in the Jurassic period. these were times of great global warming when the conditions were just right.

    Certain areas, like the tethys, what is now the Caspian and Gulf of Mexico were in the best areas, other areas like the Atlantic and Arctic were not. They may have been dry land or the oceans were not ideal for source rock creation.

    Also, the source rock, after it was created, had to sink to a particular depth, known as the oil window. The source rock had to be at the temperature of a hot cup of tea for millions of years, in order to become oil.

    If the source rock sank to far, the oil cracked into natural gas. If it did not go deep enough, it did not turn into oil, but become what we call kerogen or oil shale. It was not hot enough to turn into oil.

    So, in order for an area to be abundant with oil, it had to have the proper conditions at the few times when source rock was created and the source rock had to stay in the oil window for millions of years. That is why oil is so rare.

  23. it has been proven that earlier theories that the core is iron has been disproved the heavier element of uranium is the new theory it also explains why the planet is still geothermaly active and waht keepsthe very sublayer molten

  24. Just to qualify that.

    Gas is created by plants (coal) that has sank below the oil window. It is also created from oil or oil source rock that has sunk below the oil window. That is why gas is more plentiful. Probably, the large majority of oil created has sank below the oil window for some period of time.

  25. ‘oil is not rare it’s everywhere on the planet’

    Well, Troll, it clearly is very rare. We have used up half of it in 100 years.

  26. Once the oil was created, it would, under enormous pressure, begin to very, very slowly seep upwards through the rocks to the surface. The large majority of oil just seeped out and disintegrated.

    Occasionally, the oil would get stuck behind a cap rock (usually salt) and stop seeping to the surface. If a lot of oil got stuck behind it, you have an oil field.

    If the oil was stuck near the surface, a hill would develop, as the enormous pressure of the oil pushes up the earth. Early geologists found oil by drilling near hills and other geological featurs suggesting oil near the surface. The first well in America, i think, wa only 60 metres deep.

    Obviously, these surface wells were all found pretty quickly. Now, oil wells are being drilled down thousands of feet.

    Tar sands are created when huge amounts of oil seep to the surface very quickly. Maybe a Cap rock holding back a huge amount of oil burst and it saturated the ground. I am not too sure on how tar sands were created, though, i must look it up. It has to be washed out of the clay, using alot of water.

    Oil shale is kerogen or source rock that did not sink deep enough to be cooked into oil. Occasionally, it moves up to the surface, through tectonics, like in Colorado.

    In order to be made into oil, it has to be cooked at an extremely high temperature for a set period of time. It is very expensive and takes huge amounts of water. A process to exploit it on a large scale, has not yet been discovered.

    That, ladies and Gentlemen, is the (summarized! story of oil.

  27. your reciting old theories and we haven’t even begun to use a third of the planets oil.

    I like the way you people know all the science of the world a funny thing happened when Ballard was looking for sunken Russian missiles he discovered heat vents with temperatures and poison water surrounding them funny thing the also were thriving with life.

    90% of the world is unsurveyed yet you know the exact amount of oil that exists.

    Why do you think the Russians are trying to claim all the land under the northern Ice pack because it’s barren

    you have no clue and have not kept up on the current estimates and removal techniques your still using a commodore 64 when the rest of us are using Macs and Crays

  28. Why do you think the Russians are trying to claim all the land under the northern Ice pack because it’s barren

    Because they need to compensate for domestic oil depletion, most likely. Either way it doesnt quite jive with your abiotic infinite resource mumbo jumbo.

    Let me have a read of your source material and we can have a proper chat. BTW your links are mostly all knackered.

  29. ‘your reciting old theories ‘

    Well, its a newer theory than abiotic oil theory. It is also true.

    Troll:

    Even the IEA estimate that we will peak in between 10 and 15 years, as do the USGS. Global oil production will peak when half of the global oil resource is extracted.

    ‘90% of the world is unsurveyed yet you know the exact amount of oil that exists.

    This is B.S. 90% of the world is, to some degree, surveyed. The best areas have all been surveyed extensively.

    ‘Why do you think the Russians are trying to claim all the land under the northern Ice pack because it’s barren’

    If there was loads of oil, why would they bother?

    ‘you have no clue and have not kept up on the current estimates and removal techniques your still using a commodore 64 when the rest of us are using Macs and Crays’

    hah, now i know that you are taking the piss!

  30. Daytripper:

    It is mainly gas in the Arctic; not oil. There probably is little gas there anyway.

    Gas is Russia’s biggest export and it wields considerable power over Europe because of this. Gas is what has made Russia’s economy rebound in recent years.

    Most of Russian gas (and European gas) comes from fields in western Siberia. Recently, Russia has began constructing a pipeline from these gas fields to China, pissing of the Europeans in the process.

    Russia would quite like to continue controlling European and Chinese energy sources. They have to, of course, convince the Chinese that there is abundant gas if they are to convince them to build more gas plants.

    Russia has a problem. Their western Siberian gas fields are very old and near peaking. When a gas field peaks, its production drops like a stone. They do have more gas further east. Sakhalin Island (north of Japan) probably has alot of gas. It will be impossible, however, to pipe this to Europe and China may baulk at their shrinking gas supplies.

    If Russia finds even modest reserves in the Arctic, they will be able to guarantee Europe’s supply for another decade and encourage China to buy, and maybe invest, in more of their gas.

  31. if 0ver 80% of the world is covered in water how can you say it’s been surveyed?

    peak oil is a myth!

  32. ‘if 0ver 80% of the world is covered in water how can you say it’s been surveyed?’

    Troll: They have these things called boats, planes and satellites!

    Troll: Even your beloved API, i am sure, accept peak oil. How could it not peak?

    Troll: I can see that you are beginning to realise that you are wrong. I know that you will never admit it, but i know that you are sorry. Just so you know, i humbly accept your apology!

  33. no I am not wrong and that is a poor form of debate stating that you think I’m coming to that realization

    oil is NOT dead dinosaurs or algae and rain forest, it is created through the natural dynamics of the flow of magma churning inside the planet.

    it is the only fuel that works efficiently to power our machines and its by products are the essentials of the life we live try doing nothing today that does not have a piece of plastic in it look around your house.

    Oil is a gift from God so that man can better himself People like you are Neanderthals and hopefully like the neanderthal will die out

  34. as for the efficiency of how much is mapped where is the library of alexander that sunk into the sea just a few thousand years ago

  35. no they making decisions on assholes that have been elected to office

    not on reality

  36. reapeating your faery tales don’t make them real either Frank but it hasn’t stoped you

  37. Well, Troll, this isn’t really a fair debate on you, i happen to have all the facts on my side.

    ‘oil is NOT dead dinosaurs or algae and rain forest, it is created through the natural dynamics of the flow of magma churning inside the planet.’

    If it is not made from dead animals, why can you make if from oil shale?

    ‘Oil is a gift from God ‘

    ah, so Jebus made it? Make up your mind, was it Allah or a giant ball of uranium at the center of the earth?

    ‘People like you are Neanderthals and hopefully like the neanderthal will die out’

    People will die out if we listen to the likes of you, that’s the problem.

  38. I can’t repeat ‘my fairy tales’ since I haven’t written any, and even if I had it still wouldn’t make your ravings true. But it is understandable that you want to change the subject from your own claims.

    You seem to prefer the losing theory no matter what the topic. You may believe that oil is self renewing and there is plenty of it – but the oil companies clearly don’t, since they are going after oil that is harder and more expensive to get at.

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