Good evening, Bill!
Bill Anderson wrote in response to Frank Reichert's forwarded msg...
On Monday 24 April 2006 10:29, Frank Reichert wrote:
Now here's something I hadn't heard about before... I wonder, if
this is
true, why the media haven't been hyping this up with gas prices now
around $3.00 a gallon.
Because we've sorta been down this road before. It is the "shale oil" that
they are talkign about. However, there have been to my knowledge no federal
madates, the oil companies have been doing this on their own for quite some
time.
I didn't get the msg that 'shale oil' had a damn thing to do with
any of this. The orignal report indicated that a mega oil
deposit is available now for exploration and development that
probably exceeds existing deposits in places such as Saudi
Arabia. However...
Last year Shell did some pilots regarding a new method for turning the "shale
oil" into "real oil" in-ground. The process is doable in the 20-35$/bbl
range. It is a very cool process that doesn't leave the area devastated. It
essentially "cooks" it into oil and thereafter you just pump it out as a
normal well would. The only difference is the crude is actually "cleaner"
-easier to refine.
OK. Given that, then we are already in the $70.00 plus range per
barrel of oil. That is approximately 3 1/2 times the 20-34$/bbl
range, at current global prices... so I would imagine that there
should be a green light approach by the government to proceed,
correct?
It does require large amounts of energy, best obtained either from small
nuclear (PBR for example) plants or seriously cool solar concentrators for
direct thermal energy conversion. Last year/this year shell pushed congress
to expand the amount of land they can test on since the fedgov "owns" all the
land that this "shale oil" sits under.
Aside from that, the Germans did that, and in fact, extracted
coal and produced enough petroleum to run their war machine
between 1938-1945. All I am suggesting here is that the
technology has certainly existed for at least 70 years! It would
appear to me, based upon your above, that the Federal Government
should, if indeed there really is an energy crisis, open up such
researves and make them available NOW! As a sidebar to this, the
South African govenment used the same technology during the oil
embargo to power and produce energy for South Africa during that
period of time with no substantial reduction to the economic
viability.
The reason we don't hear about it is two-fold. One, Shell doesn't want the big
hyped scenario from a ffew decades ago. They want to get it fully tested and
"vetted" before going public in a big way.
This is major BULLSHIT! This technology is nothing new. It has
existed and proven to work for at least seven decades!
Second, and this is my supposition, they want to let OPEC and the others sit
and stew in their soon-to-be-glass house. Let them hang themselves, if you
will. With prices remaining high they can take advantage of it to build
"escrow" for building the needed infrastructure. If they can control the full
cycle they'll be fully independent of OPEC and all foreign crude. I suspect
they are also waiting to see how far the current E85 movement gets.
Good luck on your 'glass house' theory. The problem is that
there is no problem that hasn't already been created by
government. A truly open and free market approach to this could
and would have long ago (decades ago actually) resolved much of
this, and a long, long time ago.
Kindest regards,
Frank
_______________________________________________
Libnw mailing list
Libnw@immosys.com
List info and subscriber options: http://immosys.com/mailman/listinfo/libnw
Archives: http://immosys.com/mailman//pipermail/libnw
