Comments on: Bush revives old plea for drilling in ANWR http://minnesotaindependent.com/3771/bush-revives-old-plea-for-drilling-in-anwr News. Politics. Media. Wed, 30 Nov 2011 23:48:28 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Charlie Quimby http://minnesotaindependent.com/3771/bush-revives-old-plea-for-drilling-in-anwr/comment-page-1#comment-9188 Charlie Quimby Thu, 01 May 2008 21:58:08 +0000 http://www.minnesotaindependent.com.php5-9.websitetestlink.com/?p=3771#comment-9188 <strong>Yes, but....</strong> I worked on exploratory drill rigs in Colorado in 1967-68 that were mapping the area's oil shale deposits. Those same "technically recoverable reserves" are still in the ground because there still isn't a practical,  economical method for converting it to oil, and shale presents different environmental issues, too. <p><br>That oil is at least as far from market as ANWR's, and extraction of oil from shale is not yet a "profitable venture." Rather, the high price of oil has made it feasible for oil companies to step up their investment in developing extraction methods, something they've already abandoned once when the price of oil dropped in 1984.</p><p><br>A special Energy issue of National Geographic in 1981 predicted:</p><p><br>Shale oil will save us. Occidental Petroleum, Exxon and Tenneco spend billions in Colorado. "By 1992 this means between 30 and 40 mammoth coal and shale-oil plants costing from one to six billion dollars apiece."</p><p><br>Except none of it happened.</p> Yes, but…. I worked on exploratory drill rigs in Colorado in 1967-68 that were mapping the area's oil shale deposits. Those same “technically recoverable reserves” are still in the ground because there still isn't a practical,  economical method for converting it to oil, and shale presents different environmental issues, too.

That oil is at least as far from market as ANWR's, and extraction of oil from shale is not yet a “profitable venture.” Rather, the high price of oil has made it feasible for oil companies to step up their investment in developing extraction methods, something they've already abandoned once when the price of oil dropped in 1984.

A special Energy issue of National Geographic in 1981 predicted:

Shale oil will save us. Occidental Petroleum, Exxon and Tenneco spend billions in Colorado. “By 1992 this means between 30 and 40 mammoth coal and shale-oil plants costing from one to six billion dollars apiece.”

Except none of it happened.

]]> By: Charlie Quimby http://minnesotaindependent.com/3771/bush-revives-old-plea-for-drilling-in-anwr/comment-page-1#comment-4448 Charlie Quimby Wed, 30 Nov -0001 00:00:00 +0000 http://www.minnesotaindependent.com.php5-9.websitetestlink.com/?p=3771#comment-4448 <strong>Yes, but....</strong> I worked on exploratory drill rigs in Colorado in 1967-68 that were mapping the area's oil shale deposits. Those same "technically recoverable reserves" are still in the ground because there still isn't a practical,  economical method for converting it to oil, and shale presents different environmental issues, too. <p> That oil is at least as far from market as ANWR's, and extraction of oil from shale is not yet a "profitable venture." Rather, the high price of oil has made it feasible for oil companies to step up their investment in developing extraction methods, something they've already abandoned once when the price of oil dropped in 1984.<p> A special Energy issue of National Geographic in 1981 predicted:<p> Shale oil will save us. Occidental Petroleum, Exxon and Tenneco spend billions in Colorado. "By 1992 this means between 30 and 40 mammoth coal and shale-oil plants costing from one to six billion dollars apiece."<p> Except none of it happened. Yes, but…. I worked on exploratory drill rigs in Colorado in 1967-68 that were mapping the area’s oil shale deposits. Those same “technically recoverable reserves” are still in the ground because there still isn’t a practical,  economical method for converting it to oil, and shale presents different environmental issues, too.

That oil is at least as far from market as ANWR’s, and extraction of oil from shale is not yet a “profitable venture.” Rather, the high price of oil has made it feasible for oil companies to step up their investment in developing extraction methods, something they’ve already abandoned once when the price of oil dropped in 1984.

A special Energy issue of National Geographic in 1981 predicted:

Shale oil will save us. Occidental Petroleum, Exxon and Tenneco spend billions in Colorado. “By 1992 this means between 30 and 40 mammoth coal and shale-oil plants costing from one to six billion dollars apiece.”

Except none of it happened.

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