Oil Drilling

[Pierson65]

The need for oil and gas is increasing everyday, with much of the world still developing. It is predicted that the world energy demand will increase at the rate of about 1.8% per year in the coming decades. Although there will be a shift towards alternative sources of energy, the dependence on fossil fuels will still remain dominant.

(Spammy Link Removed) are bound to increase with the world majorly depending on the fossil fuels. The projected oil demand may be high but there is enough oil to satisfy the entire world oil demand. There are predictions that by the year 2030, the world wide consumption of oil and gas will exceed 115 million barrels per day, 30 million barrels higher than are consumed daily today.

The profits are expected to move higher and the investors can see the returns within 60 days of the investment. The investment is not just quick but also has a great deal of potential for profits.

[ProfessionalLocator]

The need for oil and gas is increasing everyday, with much of the world still developing. It is predicted that the world energy demand will increase at the rate of about 1.8% per year in the coming decades. Although there will be a shift towards alternative sources of energy, the dependence on fossil fuels will still remain dominant.

(Spammy Link Removed) are bound to increase with the world majorly depending on the fossil fuels. The projected oil demand may be high but there is enough oil to satisfy the entire world oil demand. There are predictions that by the year 2030, the world wide consumption of oil and gas will exceed 115 million barrels per day, 30 million barrels higher than are consumed daily today.

The profits are expected to move higher and the investors can see the returns within 60 days of the investment. The investment is not just quick but also has a great deal of potential for profits.

Looks like spam to me.

[TheCableVine]

Yes... Spammy. But, the subject matter is worth leaving.

[AULupstate]

That's ok. I don't really see the problem here.

China, Venezuala, The Suadi's and other countries are free and clear to drill anywhere they want and pollute and skirt safety protocall all over the planet.

WE WILL ALWAYS HAVE OIL

It will just cost $18.00 a gallon for gas because the U.S. is F*CKING STUPID!

[Dave72]

I dunno, Ive read some pretty interesting articles about how much of the arabian oil of the 'easy to get' flavor is indeed running out. There's still quite a bit of the 'harder to get' stuff. The 'Stans' are sitting on a decent chunk of oil too, but its gonna be on average, the 'harder to get' flavour.
I say we burn all of their oil first. Then we have the bagillions of barrels over here trapped in the sand and shale (presuming we burn off the offshore 'easy' oil at about the same rate as the Arabian and S.American deposits.).
I dont think you're ever gonna see $2 gas again.

Its all gonna be about where the balance point is between commodity prices and labour prices (on somewhat of a world scale, biased by military/etc weightings)

[AULupstate]

2$ a gallon gas ????

Hell, I remember when there was a SHORTAGE and we had even and odd day rationing. You could fill up a 22 gallon tank, buy a couple packs of smokes, a six pack (soda, beer whatever your flavor) and get change back FROM A $20.

THAT WAS WHEN WE ALMOST DIDN'T HAVE ANY !!!!!!!!!!!!!!!!!!!!

Crude Oil commodities are the BIGGEST SCAM going and being purpitrated upon the developed countries of the world. The countries who PRODUCE the product for (their consumption) export DON'T pay shit per gallon/liter. Their PROFIT comes from export and the ridiculous prices set by the 'World Market'.

[Dave72]

Ya I just picked $2 as a marker. I dont think it will go below that again.
I got my first car back in '82, and although gas was expensive then (relatively), I do remember just tossing in $4 and getting a few days out of it.

Indeed oil is something like the diamond market, artificially held prices by constricting the supply.

Im not sure I agree with your blanket statement about oil exporters.. dont forget Canada is one. We export net about a million barrels a day (we export and import at the same time). We pay about $4US/gallon. Between the govt taxes on it, and the fact that pretty much all of it up here is owned by foreign companies/investors.. its not like it flows back into our pockets. That being said, Im pretty sure out in Alberta.. the residents dont pay any property tax or something like that.. due to the province getting royalties from the oil sands production.

[sprayandpray]

T. Boone says we could all switch to Natural Gas - run autos and solve the oil problem. I drove a propane powered p'u back in the 80's - ran great , some loss of power, didn't need to change oil for 10,000 miles.

[paintitnow]

In canada a lot of people i have heard run their vehicles off natural gas and the government gave a rebate to do this. Something about regs and the pressure needed it is not feasible for home owners do it in the usa. It is something to do with it would require to much pressure to fill the tank and people could not have these in their house or ext to it. I think schwans fleet of trucks use natural gas. Iceland has the biggest deposits of hydrogen with all that volcanic activity below so its production of it whereas the rest of the world requires the use of energy to procude the hydrogen. Russia i believe has 77% of the methane in the world but only like 4% of the oil iand i am sure they are working on ways to make methane the new fuel source. The middle east use to have the most of the oil. Untl with rescent technology and discovery and the means to get it. The largest deposit has just been discovered under north dakota and montana and parts of canada. Be prepare to see gas prices go up. They will be shutting down one of the refineries for scheduled repairs, which always hapen when the summer blend is to cme out so they can sy the demand is greater that what they can produce. The Epa and all the tree huggers have actually helped out the oil companies. For pollution control like in Ca or Chicago area they require additives and cleaners added to the gasoline. so when the demand gets large they can say they do not have this fuel readly available and can not just get it from another state. With all the regulations it would require a billion dollar investment to build a new refinery. that is the major excuse they use but probably is true but rather control the production of gasoline. Big oil and the big three car makers have bought up the patents on better engines and engines that do not need as much gas. also any gs saving deves that are legite. For decades they have had the technology to increase the mpg, but cry and their lobbist wine and dine of government so the bill got water downed by clinton and how much the big three need to increase the mpg and years needed to reach that mark.

[Dave72]

In canada a lot of people i have heard run their vehicles off natural gas

Years ago, I remember seeing NatGas stickers on the backs of vehicles.. havent noticed any in a while. I cant think of any fill stations on the road. Maybe its quietly done at home now ?
We had a reg gas/propane conversion put on one of our service trucks once. In propane mode, that thing was a dog. You had to fill out a permit to cross a busy street.
People do have nat gas bbq's though. Thats quite popular. Nice not having to ever go fill a propane tank. Taste seems the same (but really, a good bbq needs charcoal).

That Dakota find is probably your chunk of the one that covers most of Saskatchewan. Its much deeper than the Alberta sands, but doable.

The big oil shale deposits are in Wyoming/Utah. Oddly, the Feds own about 3/4 of the land where it is (hows that for luck eh..)