Yes but it wasn't until recently when they found out how big of a find it really was.

__________________
"Chaplain Charlie will tell you about how the free world will conquer Communism with the aid of God and a few marines! God has a hard-on for marines because we kill everything we see! He plays His games, we play ours! To show our appreciation for so much power, we keep heaven packed with fresh souls! God was here before the Marine Corps! So you can give your heart to Jesus, but your ass belongs to the Corps! Do you ladies understand?"

US corporate average fuel economy (CAFE) from 1975 was 18mpg.

US corporate average fuel economy for 2006 is 27.5mpg

That's a rise of 52.78% over 31 years, an average increase of 1.7% in fuel efficiency per year which is less than the average increase in US fuel demand (2% per year) during that period of time.

That's a long way from "double".

Source

thank you Andrew you know sometimes it is a real joy having you here.....

thax for that perfect example....because this is exactly what I am speaking too. because there ya go, ten years ago they were saying we couldn’t drill any further in anwar because we wouldn't see a benefit for 10 years and it probably would not have much of an impact if we did have it…yea well its all cumulative, all those no’s nukes, off shore, and BS about it never being close enough has been a very effective game to get us right where we are, and where they wanted us to be, thinking that the higher expense would create less use……......the old rope a dope. My hats off.

__________________
Obama-e fungis nati homines....

My exact observations as well.

What really kills me is how we aren't being allowed to drill of some areas of our coastline but China and Cuba are drilling in those areas.
When I hear this, a picture of the communists of China and Cuba in bed with our congressional democrats comes to mind.

Kramer

__________________
“It's time to admit that public education operates like a planned economy, a bureaucratic system in which everybody's role is spelled out in advance and there are few incentives for innovation and productivity. It's no surprise that our school system doesn't improve; it more resembles the communist economy than our own market economy."
Albert Shanker, former president of the American Federation of Teachers

Bakken Formation - Wikipedia, the free encyclopedia

http://www.nd.gov/ndic/ic-press/bakken-form-06.pdf

It's not so much the grade but the difficulty of recovery. Estimates are 3-50%of existing pools and processed (crushed rock) reserve.

bakken has been in production for 50 years, production of current wells has peaked, and at best it was a minute fraction of US oil consumption.

My point is that for bakken to be significant you would have to seriously ramp up production which would be terrible in terms of environmental impact. Yes, if you start now it could probably produce soemthing that americans could consume in significant amounts, but by that time, all other existing sources will have declined by more than that amount.....

Instead of going after more oil, its better to figure out how to function with less oil.

Andrew

__________________
Ethanol is a fabulous solution to our energy dilemma because it will provide more fuel for us to drive around and look for food.

-- Unknown

Estimated reserves are a whole lot different that recoverable reserves.

Andrew

__________________
Ethanol is a fabulous solution to our energy dilemma because it will provide more fuel for us to drive around and look for food.

-- Unknown

uhmmm, not according to the site I posted from and read.Its still has fantastic capability. Annnnd bam you did it again..
"Oh don't worry by the time it comes in we'll be passed fossil fuels "

sure man....we'll do, nothing..thats what really want and you no it, don't be shy, just say it...

__________________
Obama-e fungis nati homines....

Not what i said at all. I said existing bakken wells have peaked, and the data i provided showed that clearly.

I did not say we should do nothing, i said the opposite. Once oil has peaked it matters not how much effort we put into producing it, it will still plateau and decline steadily.

This means to me we should work hard on living without as much oil, as opposed to continue living as though the next great oil discovery is always around the next corner. Or even more ridiculous, we can go around pretending that oil is not finite and its abiotic in origin..... that one has already come up in these threads...

Andrew

__________________
Ethanol is a fabulous solution to our energy dilemma because it will provide more fuel for us to drive around and look for food.

-- Unknown

I'm not chastising you at all. I just saw the post too late to warn you of the shitstorm heading your way.

Very true. We do need to conserve even mor ethan we have been, and start up truly efficient alternatives. I believe we should jump in with both feet, and no pussyfooting around. Nuclear, wind, wave, thermal, anything and everything. A new Manhatten project, or New Deal would be OK in my book. Of course, we would still have people pissed off that someone was profiting off it, and others sueing to shut it down. Then, ELF would start firebombing and all their usual stupid shit.

But fuck it, let's go for it, and learn to conserve at the same time. We could even sell the excess energy created to Canada and Mexico.

I wholeheartedly agree.

I think the next president should really call for a national effort, call it a crisis or an emergency or whatever.. focus the entire nation on it, even the world. It would be rewarding, meaningful, and fun.

Andrew

__________________
Ethanol is a fabulous solution to our energy dilemma because it will provide more fuel for us to drive around and look for food.

-- Unknown

The price is high enough that producers will get what they can out of it but even if it returns the high end of estimated reserves it's still not a significant amount.

I've long said dedicate half of true current military expenditures to alternative energy R&D simply by converting to a defense force located in the US as other other nations practice. In our current debtor nation service economy status we certainly don't have anything else going for us that's going to turn the economy around in spite of 'new' 50-year old fields that could potentially produce six-months of US oil consumption at the current rate of consumption over a period of perhaps a decade.

well, if I recall they said as long as oil was north of $40. it makes sense, unless you know something I don't, I am not sure we'll see even $70 oil for quite a long while.....

__________________
Obama-e fungis nati homines....