Can Oil Shale Change The World?

[treedancer]

America's oil shale reserves are enormous, totaling at least 1.5 trillion barrels of oil. That's five times the<br />reserves of Saudi Arabia! And yet, no one is producing commercial quantities of oil from these vast deposits. All<br />that oil is still sitting right where God left it, buried under the vast landscapes of Colorado and Wyoming.<br /><br /><br /> I have been hearing a lot about all kinds of alternative to oil products, have not heard much lately about oil shale so decided to check it out. Here is a site that I ran across, is a rather interesting read, check it out.<br /><br /> http://www.dailyreckoning.com/rpt/OilShale.htm

 

[roscoe]

Re: Can Oil Shale Change The World?

""the page you tried to get to either doesn't exist at all or is temporarily not available""

 

[Dunaruna]

Re: Can Oil Shale Change The World?

Loaded fine for me.<br /><br />Boomyal is the man for this topic.

 

[Boomyal]

Re: Can Oil Shale Change The World?

Here is the corrected archival link. Scroll down to the last article on the page.<br /><br /> Link <br /><br />Aldo, are you refering to a tar sand investment story that I must have related here before?

 

[rodbolt]

Re: Can Oil Shale Change The World?

at 100 bux a barrel I imagine it will work. thats why the canada oil sands ramped up. at 10 dollars a barrel the oil sands were worthless, hansomly profitable at 75 dollars a barrel.

 

[Dunaruna]

Re: Can Oil Shale Change The World?

Boom, Yep. Isn't that related to shale oil?

 

[kenimpzoom]

Re: Can Oil Shale Change The World?

The price of oil must stay pretty high to keep "shale oil" a possibility.<br /><br />People dont realize that these high oil prices are a blessing in disguise. Yes, they hurt now, but they will cause alternative energy sources to become attractive.<br /><br />Once those alternative energy sources become mainstream, the processing cost will drop and will no longer be a problem.<br /><br />Ken

 

[Bondo]

Re: Can Oil Shale Change The World?

People dont realize that these high oil prices are a blessing in disguise. Yes, they hurt now, but they will cause alternative energy sources to become attractive.

It seems to Me,.... That I heard that Very Same Statement made in 1973................................

 

[kenimpzoom]

Re: Can Oil Shale Change The World?

Originally posted by Bondo:<br />

People dont realize that these high oil prices are a blessing in disguise. Yes, they hurt now, but they will cause alternative energy sources to become attractive.

It seems to Me,.... That I heard that Very Same Statement made in 1973................................

And that is what drove all the drove all the worldwide search for oil.<br /><br />And also drove all the deepwater discoveries. Without oil coming out of the ground in water depths of up to 8000ft, we would have run out oil a long time ago.<br /><br />Now pretty much all the easy oil has been discovered (not produced, but discovered). Thus they are looking for alternative sources for oil.<br /><br />Ken

 

[heycods]

Re: Can Oil Shale Change The World?

In answer to the question NO

 

[Boomyal]

Re: Can Oil Shale Change The World?

Originally posted by Dunaruna:<br /> Boom, Yep. Isn't that related to shale oil?

It was Aldo. It was an environmentaly, self sustaining oil exraction process for both shale and sand. Once the process was started with 'seed' solvent, future solvent requirements were supplied from the extract itself.<br /><br />I still have the three sample bottles of raw sand, extracted bitumen, and cleaned sand. They are mounted on a little walnut stand.<br /><br />

<br /><br />Wish I had some portion of the run up from the 60 cents I sold it at, to the 34$ that it evaporated at. I had 100k shares and held them for about 7 years.