America is sitting on top of a super massive 200 billion barrel

**map351** · 04-08-2008, 07:55 AM

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent.
No wells yet!

http://www.nextenergynews.com/news1/...news2.13s.html

**Killercanary** · 04-08-2008, 09:16 AM

I've heard about this super massive oil supply we have in the n/s dakota/montana region for a while now, but I've yet to see anything from the USGS about it. Are we sure it even truely exist?

**phillysrt4** · 04-08-2008, 09:42 AM

It exists, and we've known about it for years, but the cost to get it out was prohibitive.

Now that oil is over $100.00 a barrell, it is now economic to get it.

Thats the bitter irony of the situation because now that oil is finally expensive enough to get it, oil will have to stay this expensive in order for oil companies to front the cash to dril it out.

sucks.

**map351** · 04-08-2008, 09:45 AM

Originally Posted by Killercanary

I've heard about this super massive oil supply we have in the n/s dakota/montana region for a while now, but I've yet to see anything from the USGS about it. Are we sure it even truely exist?

http://pubs.usgs.gov/pp/p1653/p1653.pdf

**somethingclever** · 04-08-2008, 11:01 AM

Originally Posted by phillysrt4

It exists, and we've known about it for years, but the cost to get it out was prohibitive.

Now that oil is over $100.00 a barrell, it is now economic to get it.

Thats the bitter irony of the situation because now that oil is finally expensive enough to get it, oil will have to stay this expensive in order for oil companies to front the cash to dril it out.

sucks.

Ya.....i hear what you're saying....all those Saudi's are really scrounging for money over there because it costs so much to drill oil.

**v6mustang01** · 04-08-2008, 12:28 PM

It would be great if we got to see that oil go to use in our life times but our gov't will find a way to screw us out of that one....$200 a barrel here we come! wish we'd stop shipping so much money over seas and instead feed the starving families right here on US soil!
but there is always hope that sumone smart will get in the gov't and finally make a drastic change!!!

**phillysrt4** · 04-08-2008, 01:42 PM

Originally Posted by v6mustang01

there is always hope that sumone smart will get in the gov't and finally make a drastic change!!!

too bad we'll have to keep hope alive until 2012, if not later, since all the choices they have thrown at us suck a$$ :(

**u1arunit** · 04-08-2008, 01:49 PM

Originally Posted by somethingclever

Ya.....i hear what you're saying....all those Saudi's are really scrounging for money over there because it costs so much to drill oil.

LOL! I was going to say the same thing. It's just a piss poor excuse to say that it cost too much to undertake drilling. Just blame it on the Sierra club and the Liberals.

**somethingclever** · 04-08-2008, 02:02 PM

Gameplan:

Drill the well, drop the tree huggers in it, remove oil.

**v6mustang01** · 04-08-2008, 02:17 PM

Originally Posted by somethingclever

Gameplan:

Drill the well, drop the tree huggers in it, remove oil.

you got my vote for president! know anyone for vp with ya?

**phillysrt4** · 04-08-2008, 02:42 PM

Originally Posted by u1arunit

LOL! I was going to say the same thing. It's just a piss poor excuse to say that it cost too much to undertake drilling. Just blame it on the Sierra club and the Liberals.

why not? everything else gets blamed on them

**u1arunit** · 04-08-2008, 03:34 PM

Hey place the blame where it's due!

**99 GT Coupe** · 04-08-2008, 03:36 PM

the us will never be energy independent and by the time that the oil from that field comes on line it will be several years down the road. second there is no guaranty that the oil is even there, look up mukluk Alaska. In order to even think about drilling this american held companies have to front the billions it would take. the days of sweet light crude are over and have been for years, the problem now is that oil companies are artificially restricting supply by keeping the refining margins down by about 11%. And for ever 1% they restrict supply they make around a million or so a year...I may be off on that number I'll check it and get back to you.

this elephant field, if it exists, will be depleted in less then 5 years at current rates of usage.

**phillysrt4** · 04-08-2008, 03:58 PM

Originally Posted by 99 GT Coupe

the us will never be energy independent and by the time that the oil from that field comes on line it will be several years down the road.

...

this elephant field, if it exists, will be depleted in less then 5 years at current rates of usage.

true, but after the cost of drilling is paid off in a year's time we'll have 4 years to completely screw over the people in the middle east who pretend to be our friends to our face while simultaneously stabbing us in the back when we're not looking.

It would be nice to make oil drop to $50 a barrell for 4 years just to make them cry.

**DING** · 04-08-2008, 04:07 PM

We will NOT repeat NOT run out of oil in the world in your lifetime, your childrens lifetime or their childrens lifetime. Stop believing the propoganda.

Don't you think its funny that they have been drilling for oil in Saudi Arabia since 1938 and they haven't run out yet. Wake up and stop talking trash.

**phillysrt4** · 04-08-2008, 04:19 PM

Originally Posted by DING

We will NOT repeat NOT run out of oil in the world in your lifetime, your childrens lifetime or their childrens lifetime. Stop believing the propoganda.

Don't you think its funny that they have been drilling for oil in Saudi Arabia since 1938 and they haven't run out yet. Wake up and stop talking trash.

We're not talking about the oil in the world, just this one reserve.

And yes, its getting harder to extract oil in certain parts of the middle east, thats why Dubai is trying to start migrating to a tourism economy.

When I was a graduate student in mathematics one of the professors was working with oil companies studying drift-diffusion equations. the idea was to pump water or another fluid in and model the drift based on the permeability of the rock so that they could make a good educated guess where to pump a fluid in, or set up a well to get the oil out.

If they are hiring researchers to look at techniques like this, it leads me to believe that certain oil fields are starting to run out of easily accessable oil.

again, no one is saying anything about the *world* running out of oil.

**somethingclever** · 04-08-2008, 04:31 PM

Originally Posted by 99 GT Coupe

the us will never be energy independent and by the time that the oil from that field comes on line it will be several years down the road. second there is no guaranty that the oil is even there, look up mukluk Alaska. In order to even think about drilling this american held companies have to front the billions it would take. the days of sweet light crude are over and have been for years, the problem now is that oil companies are artificially restricting supply by keeping the refining margins down by about 11%. And for ever 1% they restrict supply they make around a million or so a year...I may be off on that number I'll check it and get back to you.

this elephant field, if it exists, will be depleted in less then 5 years at current rates of usage.

Based on your post, I take it that you failed to read the link that Mike (Map) posted.

**99 GT Coupe** · 04-08-2008, 04:40 PM

Originally Posted by phillysrt4

true, but after the cost of drilling is paid off in a year's time we'll have 4 years to completely screw over the people in the middle east who pretend to be our friends to our face while simultaneously stabbing us in the back when we're not looking.

It would be nice to make oil drop to $50 a barrell for 4 years just to make them cry.

$50 a barrel is still profitable for the saudi's. At $50 the only ones being hurt is the US companies that drill for oil, the saudis can turn a profit, all be it a small one, at $13, the Russians used to be able to turn a profit at $11, not sure they can still do that though....having to pay your workers kinda ****s with your bottom line.

**99 GT Coupe** · 04-08-2008, 04:43 PM

Originally Posted by somethingclever

Based on your post, I take it that you failed to read the link that Mike (Map) posted.

and you base this off what?

**somethingclever** · 04-08-2008, 06:01 PM

Originally Posted by 99 GT Coupe

and you base this off what?

Originally Posted by 99 GT Coupe

the us will never be energy independent and by the time that the oil from that field comes on line it will be several years down the road. second there is no guaranty that the oil is even there, look up mukluk Alaska. In order to even think about drilling this american held companies have to front the billions it would take. the days of sweet light crude are over and have been for years, the problem now is that oil companies are artificially restricting supply by keeping the refining margins down by about 11%. And for ever 1% they restrict supply they make around a million or so a year...I may be off on that number I'll check it and get back to you.

this elephant field, if it exists, will be depleted in less then 5 years at current rates of usage.

:D.....seriously though...in 2007 US imported 14million barrels/day = 5.1 billion

With 400 billion barrels available, i don't see how it will be depleted in 5 yrs as you claim?

400/5.1 = approx 80 yrs. (granted fuel usage will go up time...but i'm trying to put it in perspective based on the information in the article.)

It also says that Marathon Oil is investing 1.5 billion and 300 new wells...yet your wording sounds like the companies are reluctant to invest the money.