They wouldn't want to turn out like that country that was the #1 oil producer for much of the 20th century.
On Jul 30, 12:53 pm, "Eugene I. Gordon" <[email protected]> wrote: > The Israeli's have it right. They say the best gift they have ever received > from GOD is 'No oil'. > > _____ > > From: [email protected] > [mailto:[email protected]] On Behalf Of Veli Albert Kallio > Sent: Wednesday, July 29, 2009 12:21 PM > To: [email protected]; Geoengineering FIPC; Indianice FIPC > Subject: [geo] HALLIBURTON - MODEL FOR GEOENGINEERING > > Hi Peter, > > I agree your assessment but note that the oil extractive technologies are > improving in efficiency and sophistication just like military weapons > systems do due to huge amount of funds to these industries (that are the > life-line for the continuity of big oil companies). > > Provision of false investment advice is also an offence in the USA which > restricts size of fancy claims. I rather tend to think that the renewable > energy company you cited down plays it, as it competes for same investment > dollars from the same pool of investor money. > > I understand that people are concerned and worried about the Ponzi schemes > of the investment managers, but this is overstated and very atypical of them > despited weakened credibility of the financial markets and banks on > financial data released by the companies. > > It is custodial not to spill beans before patent protection is fully in > place. Halliburton is a very reputable oil firm. But what is important is to > note the greed and potential unleashed. In fact, I would say that this > reference is largely only towards most secure oil potential. > > I think the matter goes beyond that to supply far more oil and some refer > that these can supply the US oil for decades. "Could increase U.S reserves > by 10 times..."- American Digest. It is this that are hopeful and move > investors minds some way towards El Dorado. > > Of course, there is the aspiration to sell oil as the new Midas touch in > North Dakota by the local people, including government, anxious to secure > new jobs and contracts in times of recession. We need to realise that > background. But extraction is an improving technology. > > But similarly, given similar financial back up, geoengineering could utilise > its full potential as the methods multiply and crude tecniques improve to > solve these problems. The big picture is that it is all not that bad news as > it is giving a promise that many of the obstacles in geoengineering will be > removed in course of time. > > In geoengineering we also must look at combinatorics like Halliburton goes > both horizontal drilling and fracturing to unleash the potentials of Bakken > and Three Forks. The combinations of crude geoengineering components to > amplify quantitative or effective aspects of intervention. Easier said than > done, but our field is very new and it could sooner than later pick up also > this aspect. > > A good documenting of geoengineering ideas and database would be essential > to gather all material input to help finding joining pieces to enhance and > amplify it. > > Kind regards, > > Albert > > RE: [geo] NEW 9 BILLION BARREL OIL FIELD DISCOVERED IN THE USA > > Bruce Gjovig, director of the University of North Dakota's Center for > Innovation, there may be as many as 2,000 new North Dakota millionaires > within the next 3 to 5 years. And that's only counting one small North > Dakota county of 6,000 residents. That's one estimated millionaire for every > three residents! > > * > > A recent technological breakthrough has opened up the Bakken's > massive reserves of up to 4.35 billion barrels and that's just in the > Bakken. If the Three Forks formation proves separate from the Bakken, we > could be looking at enough crude for decades on end. "Could increase U.S > reserves by 10 times..."- American Digest > * > > Bill Walker, a Denver-based geologist with Headington Co. says his > company has recently developed the technology to drill the Bakken down > effectively - and it's one of the company's closest guarded secrets. Even > though the technology is rather well known, actually using it successfully > is the big secret. The technology is called Horizontal Directional Drilling > or H.D.D., and only a few companies have mastered the process. > > * > > Getting oil out of the Bakken is not a matter of poking a hole in > the ground until you hit a soft spot full of oil - which is the old vertical > drilling technique. The Bakken is woven with rocks, and that rock-layer is > wide but very thin. Thin enough that vertical drilling is horribly > unsuccessful. It was Findley's idea to drill a well sideways - a technique > called "horizontal directional drilling," in which wildcatters drill down to > the oil and then kick out their well thousands of feet to the left or right > like an underground sprinkler. > > * > > But horizontal drilling alone isn't enough to get the oil out of the > ground. Findley had to work with Haliburton engineers to figure out a way to > both drill sideways and fracture the rock to release the oil. Both > horizontal drilling and fracturing had been done before, but never together. > This was Findley's revolutionary idea. These combined technologies made > drilling the Bakken - Three Forks basins possible and extremely profitable. > > Oil & Gas Financial Journal interview with Mark Williams, senior Vice > President at Whiting Petroleum (one of the leading producers in the Bakken): > > * Assume oil were to drop all the way to $45 a barrel from its current > $65 level. With a $5 discount to the NYMEX price, each well would be pumping > oil at $40 a barrel. > > * Roughly 20% of that $40 is sent directly to the North Dakota > landowner. Another 20% goes to operating expenses. > > * That leaves approximately 60% of the original $40, giving the > driller $24 a barrel. > > * Assuming drillers can pump out 800,000 barrels of oil per well, that > allows the company $19 million in revenue, per well. > > * If each well costs about $5.5 million, the driller is still making a > 3.5 to 1 ratio return on their money! > > * Remember, that's in a scenario in which oil collapses to $45. Today > oil's at $60. > > _____ > > From: [email protected] > To: [email protected]; [email protected]; > [email protected] > Subject: Re: [geo] NEW 9 BILLION BARREL OIL FIELD DISCOVERED IN THE USA > Date: Wed, 29 Jul 2009 22:55:04 +1200 > > This reads like a hard sell, maybe a scam. > Visithttp://www.green-planet-solar-energy.com/bakken-oil.htmlfor a more > thoughtful analysis which puts about one per cent of the reserve as > recoverable by conventional means. Horizontal directed drilling can likely > increase that. Maybe someone knows an oil industry expert who could say by > how much and what cost. > Peter > > ----- Original Message ----- > From: Veli Albert Kallio <mailto:[email protected]> > To: Geoengineering FIPC <mailto:[email protected]> ; > > Indianice FIPC <mailto:[email protected]> > Sent: Wednesday, July 29, 2009 9:08 PM > Subject: [geo] NEW 9 BILLION BARREL OIL FIELD DISCOVERED IN THE USA > > Hi, > > RE: More Geogenineering Urgently Required! > > This is a now "once-in-a-lifetime party" for the oil people to make billions > of quick profits. It isn't every day you find 10 billion barrel new oil > field like Three Forks / Sanish Formation. > > Because of its immense size, this helps to wean the USA off from the Middle > East oil dependency and defer back the peak oil world-wide (somewhat). > > Truly amazing discovery of new oil for the thirty drivers! > People are already dancing on tables on Houston today. > > Sad day for environment. > > Rgs, > > Albert > > FW: Big News from the Bakken > > _____ > > Date: Tue, 28 Jul 2009 06:04:41 -0700 > From: [email protected] > To: [email protected] > Subject: Big News from the Bakken > > _____ > > _____ > > . > > <http://email.angelnexus.com/imagelibrary/N-4469562753-D6469FD74DFC3EF... > 70B7925A26D.jpg> > > _____ > > Windows Live Messenger: Celebrate 10 amazing years with free winks and > emoticons. Get Them <http://clk.atdmt.com/UKM/go/157562755/direct/01/> Now > > _____ > > No virus found in this incoming message. > Checked by AVG -www.avg.com > Version: 8.5.392 / Virus Database: 270.13.35/2269 - Release Date: 07/28/09 > 17:58:00 > > _____ > > With Windows Live, you can organise, edit, and share your > <http://clk.atdmt.com/UKM/go/134665338/direct/01/> photos. > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "geoengineering" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/geoengineering?hl=en -~----------~----~----~----~------~----~------~--~---
