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  #121 (permalink)  
Old 06-02-2008
Secretary of State

 
Member Since: Dec 2004
Location: AKRON
Posts: 4,679

   
Re: Massive Oil Deposit could Increase US reserves by 10x

Quote:
Originally Posted by pramjockey View Post
Alternative sources of energy.

Drastic increases in energy efficiency.
I agree. With advances in wind turbines and solar, both should be pushed hard. If the claims made by SUNRGI are true, then this is the breakthrough we have been waiting for regarding solar energy.

Sunrgi claims bargain-basement power prices from new solar concentrator design » VentureBeat

Of course, most of the oil we use is made into gasoline for transportation. What we really need is a new fuel for transportation. Ethanol is very inefficient and that is the reason it is being pushed. As long as there is no real threat to gasoline, the oil companies profits are safe. If our government was sincere about alternative fuels, they would be pushing biodiesel and pushing Americans to buy diesel cars. Obviously they are not serious, since the power of the oil companies is very strong in D.C.

Biodiesel is far superior to Ethanol in every way, except one. It does tend to gel in cold climates. There are new fuel additives which can help reverse the gel effect, but for most of the US, this will not be a problem, except in the coldest winter months.

The oil companies are starting to invest in alternative fuels.

Citing research from Goldman Sachs, jatropha could be used to produce a barrel of fuel for around $43, less than the cost of sugar cane-based ethanol ($45 per barrel) or corn-based ethanol ($83 per barrel) currently favored in the United States.

This has caught the attention of oil giant BP. The company signed a $160 million deal with British biodiesel producer Dl Oils, creating a joint venture that aims to become the world's top producer of jatropha oil by 2011. Wall Street is also singing the tough plant’s praises. Goldman Sachs has touted jatropha as one of the top candidates for future biodiesel production.


Getting Down to Earth Amidst Soaring Oil Prices - Commodity Store with Sri Jegarajah - MSNBC.com

Ever see this ad fro SHELL and CNN?

http://www.odac-info.org/sites/odac....-08colourC.JPG

If you click on the ad it will enlarge so that you can read it.
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  #122 (permalink)  
Old 06-02-2008
Richard Osborne's Avatar
Town Council Member

 
Member Since: Mar 2007
Location: Texas
Posts: 108

   
Re: Massive Oil Deposit could Increase US reserves by 10x

Quote:
Originally Posted by jviehe View Post
Bad idea, as it would allow unfair competition between the country and private companies. Not to mention its theft of NDs resources.
OK. We nationalize all energy resources.

As for theft of ND's oil, I think all citizens of the US are entitled to the benefits of the natural resources of the country. I don't see that the oil belongs only to ND anymore than food belongs only to farmers in farming states. I think we need a better distribution system for energy.
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  #123 (permalink)  
Old 06-02-2008
pramjockey's Avatar
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Member Since: Feb 2006
Location: Morrison, CO
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Scotland     Colorado

Re: Massive Oil Deposit could Increase US reserves by 10x

Quote:
Originally Posted by Richard Osborne View Post
OK. We nationalize all energy resources.

As for theft of ND's oil, I think all citizens of the US are entitled to the benefits of the natural resources of the country. I don't see that the oil belongs only to ND anymore than food belongs only to farmers in farming states. I think we need a better distribution system for energy.
Again, very short sighted.

The US will have to wean off of oil. The longer we put this off, the worse it will be.
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  #124 (permalink)  
Old 06-02-2008
Secretary of State

 
Member Since: Dec 2004
Location: AKRON
Posts: 4,679

   
Re: Massive Oil Deposit could Increase US reserves by 10x

Quote:
Originally Posted by pramjockey View Post
Again, very short sighted.

The US will have to wean off of oil. The longer we put this off, the worse it will be.
I agree.

Unless every report about the status of current reserves is wrong, or the demand for oil takes a nose dive and unless new refineries are to begin construction tomorrow, we are screwed.

This is why the oil companies are finally starting to invest in alternatives. This is why SHELL Oil will allow their name on an advertisement which states...........

"The bad news is that no combination of technologies can plug the energy gap if the peakists are correct. There will be a third and last Global energy crisis. It will dwarf previous energy crisis. Profound economic dislocation will result. The challenge for human civilization will be how we rebuild post-peak.
If we mobilize with renewables and efficiency as though for war we have the potential to achieve a renaissance on many fronts. "


Pretty strong words from an ad from CNN and SHELL.

I can understand why it wasn't in a US magazine.

We do need to wean off oil and a little sacrifice now, could save a us a whole world of hurt in 10-20 years.
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