If the initial test showed a result of $17 per barrel then at current prices I'd say there's enough room to tack on a fee to repair or restrict damage to the environment.
On Dec 27, 2007 4:01 PM, Larry Lyons <[EMAIL PROTECTED]> wrote: > Of course that's assuming that the petroleum from oil shale is > economically recoverable. Look how long it took for the oil sands up in > Alberta to be economically viable - almost 30 years of work. And look what's > happening with it now, the area is being strip mined to recover the oil. > Some have described the area as an ecological catastrophe in the making. > While its nice to talk about x amount of oil available from oil shale, the > costs may be too high. > > > Um, I don't think you're looking at real statistics. According to this > > report we have a LOT more than you think: > > > > http://www.rand.org/pubs/monographs/2005/RAND_MG414.pdf > > > > The largest known oil shale deposits in the world are in the Green > > River Formation, > > which covers portions of Colorado, Utah, and Wyoming. Estimates of the > > oil > > resource in place within the Green River Formation range from 1.5 to 1. > > 8 trillion > > barrels. Not all resources in place are recoverable. For potentially > > recoverable oil shale resources, we roughly derive an upper bound of 1. > > 1 trillion barrels of oil and a lower bound of about 500 billion > > barrels. For policy planning purposes, it is enough to know that any > > amount in this range is very high. For example, the midpoint in our > > estimate range, 800 billion barrels, is more than triple the proven > > oil reserves of Saudi Arabia. Present U.S. demand for petroleum > > products is about 20 million barrels per day. If oil shale could be > > used to meet a quarter of that demand, 800 billion barrels of > > recoverable resources would last for more than 400 years. > > > > > You seem to have a skewed perspective. So what if somebody in Israel > > > > > sets up a plant to produce 20000 barrels of oil per day. The US uses > > > > > 20 million barrels a day and imports 10 million barrels per day. > > Even > > > the highest estimates for what the oil shale deposits in the US can > > > > > produce in two decades end at 5 million barrels a day. > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:249196 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
