Curmudgeon"GAO: Recoverable Oil in Colorado, Utah, Wyoming 'AboutFri May 11, 2012 11:00pm22.214.171.124Equal to Entire World’s Proven Oil Reserves'"
How about a pool to guess how soon the Obama Administrations gets in the way. Any takers?
GAO: Recoverable Oil in Colorado, Utah, Wyoming 'About Equal to Entire World’s Proven Oil Reserves'
By Terence P. Jeffrey
May 11, 2012
(CNSNews.com) - The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.
The GAO testimony stressed that the federal government was in “a unique position to influence the development of oil shale” because the Green River deposits were mostly beneath federal land.
It also noted that developing the oil would pose “socioeconomic challenges,” which included bringing “a sizable influx of workers who along with their families put additional stress on local infrastructure” and “making planning for growth difficult for local governments.”
“The Green River Formation--an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming--contains the world's largest deposits of oil shale,”Anu K. Mittal, the GAO’s director of natural resources and environment said in written testimony submitted to the House Science Subcommittee on Energy and Environment.
“USGS estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified.
“The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered,” Mittal told the subcommittee. “At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world's proven oil reserves.”
In her oral statement before the subcommittee, Mittal said that developing the shale oil would create wealth and jobs for the country, but also challenges for government.
“Being able to tap this vast amount of oil locked within this formation will go a long way to help to meet our future demands for oil. The U.S. Geological Survey, as you noted, estimates that the formation contains about 3 trillion barrels of oil of which half may be recoverable,” she said.
“As you can imagine having the technology to develop this vast energy resource will lead to a number of important socioeconomic benefits including the creation of jobs, increases in wealth and increases in tax and royalty payments for federal and state governments,” she said.
“While large-scale oil-shale development offers socioeconomic opportunities it also poses certain socioeconomic challenges that also should not be overlooked,” she testified. “Oil shale development like other extractive industries can bring a sizable influx of workers who along with their families put additional stressed on local infrastructure. Development from expansion of extractive industries has historically followed a boom-and-bust cycle making planning for growth difficult for local governments.”
In her written testimony, Mittal noted that three-fourths of the Green River shale oil is under federal land.
“The federal government is in a unique position to influence the development of oil shale because nearly three-quarters of the oil shale within the Green River Formation lies beneath federal lands managed by the Department of the Interior’s (Interior) Bureau of Land Management (BLM),” she testified.
- Why C Draws and Quarters Himself Pikes, Sat May 12 2:16pmFirst, what is in Green River Formation isn't oil. It's kerogen. Kerogen from oil shale isn't economically recoverable, even with oil at twice the current price. Furthermore it isn't oil, except to... more
- Better share your wisdom with the GAO as they Curmudgeon, Sat May 12 11:13pmare the ones that referred to it as "recoverable oil". How selfish to not share your wisdom with them.
- 577385773H Pikes, Sat May 12 11:33pmCurmudgeon Better share your wisdom with the GAO as they Sat May 12, 2012 11:13pm 126.96.36.199 are the ones that referred to it as "recoverable oil". How selfish to not share your wisdom with them. ... more
- Tell it to the GAO. (nm) Curmudgeon, Sat May 12 11:48pm
- Tell the GAO what? Pikes, Sat May 12 11:54pmThat you didn't read the full report? I'm sure they don't care and neither do I.
- Tell them exactly what you told me. Clearly you're the Curmudgeon, Sat May 12 11:57pmexpert on what is and is not "recoverable oil". You can leave out the childish personsl insults as they'd greatly diminish your credibility.
- Uh.... They Already Know Pikes, Sun May 13 12:05amIt's in the part of the report you didn't read. As for the childish personal insults, if those weren't included, you'd comprehend nothing of the response at all.... more
- Talk in circles much? Here's what you said: Curmudgeon, Sun May 13 12:09am" First, what is in Green River Formation isn't oil. It's kerogen. "Kerogen from oil shale isn't economically recoverable, even with oil at twice the current price. Furthermore it isn't oil, except... more
- K-E-R-O-G-E-N Pikes, Sun May 13 8:15amK-E-R-O-G-E-N The naturally occurring, solid, insoluble organic matter that occurs in source rocks and can yield oil upon heating. Kerogen is the portion of naturally occurring organic matter that is ... more
- Happy Mothers Day Pikes, Sun May 13 8:32amDinner is at 5. Unfortunately C who presented himself as a roaster turned out to be an old madam hen, and was only good for soup. Julia Child provides an explanation of the difference in chickens.... more
- Mr Pikes, for your entertainment... A link... Sia☺giah, Mon May 14 12:19amhttp://disc.yourwebapps.com/discussion.cgi?disc=227735;article=413878;title=Civilized%20Personal%20Discussion ROFLMAO... Thank the gods that be that we don't have to deal with THAT anymore... LOL... more
- You owe the board an apology for your dishonesty.. HeavyHemi, Sun May 13 3:53amThe report is quite clear. The report is quite clear in what is meant by 'recoverable oil. I've cited the USGS report to you. I cited the ENTIRE statement from the GAO which clearly states what... more
- Something can be within reach or Sia☺giah, Sun May 13 12:34amrecoverable... But that does NOT make it practical nor cost effective... CLEARLY this is neither...
- " “USGS estimates that the Green River Formation contains Curmudgeon, Sun May 13 9:22amabout 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions,” Mittal testified. “The Rand Corporation, a nonprofit research... more
- Q.E.D.? Pikes, Sun May 13 1:00pmCurmudgeon “USGS estimates that the Green River Formation contains Sun May 13, 2012 9:22am 188.8.131.52 about 3 trillion barrels of oil, and about half of this may be recoverable, depending on... more
- Yup. When both the GAO and the USGS disagree with Curmudgeon, Sun May 13 9:24pmyour ckaims, anyone, even a thinking liberal would have to go with them over a self-described composer of ad jingles. Yup. Q.E.D.
- Here are more facts for you to educate yourself with. HeavyHemi, Sun May 13 10:54pmhttp://www.usgs.gov/faq/index.php?action=show&cat=21
- The problem is your claim is again false. HeavyHemi, Sun May 13 10:36pmUnless you're a moron, you know it is false. So, you're left with two choices. Either you're a dishonest troll or, you're a moron. Which is it?
- Absolutely correct Pikes, Sun May 13 9:53pmCurmudgeon Sun May 13, 2012 9:24pm 184.108.40.206 Yup. When both the GAO and the USGS disagree with your ckaims, anyone, even a thinking liberal would have to go with them over a self-described... more
- Sia...Merlin... Pikes, Sat May 12 11:45pmThe buffalox is slaughtered. HH has one foot and I the other. We're about to cleave and spilt the carcass. Before we pull and rip the spring pullet, do you want to make the wish?... more
- YES!! thank you~!! Sia☺giah, Sun May 13 12:29amLMAO... (-;
- Oops, you're duped again. HeavyHemi, Sat May 12 1:42pmhttp://science.house.gov/sites/republicans.science.house.gov/files/documents/hearings/HHRG-112-%20SY20-WState-AMittal-20120510.pdf In other words, nothing has changed. There still is not a viable... more
- Breast, thigh, or wing? Sia☺giah, Sun May 13 12:32am(Pikes is roasting him as I type...) Looks like you've lit the fire... So, choose... but I prefer the drumsticks, so they are off the platter... heh!