Green Energy
Source: The Wall Street Journal
- Shale Oil: The Next Energy Revolution
The global impact of shale oil could revolutionise the world’s energy markets over the next couple of decades, resulting in significantly lower oil prices, higher global GDP, changing geopolitics and shifting business models for oil and gas companies,...
- U.s. Seen As Biggest Oil Producer After Overtaking Saudi Arabia
From Bloomberg: The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of...
- 1st The Ca Pipeline Is Delayed/cancelled Killing 20k Jobs And Now, 204,000 Jobs Are Flushed By Obama Over Shale Gas
WS:President Obama’s United States Department of Agriculture has delayed shale gas drilling in Ohio for up to six months by cancelling a mineral lease auction for Wayne National Forest (WNF). The move was taken in deference to environmentalists, on...
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MORE PROOF THAT PEAK OIL IS BS: HUNDREDS OF BILLIONS OF BARRELS OF SHALE OIL BEING FOUND ALL OVER THE GLOBE From the Astute Blogger himself; Reliapundit: In May, the Argentine oil company YPF announced that it had found 150 million barrels of oil...
- Obama's Crude Lies
Obama regularly lies about America's oil reserves Why does he insist on ignoring America's untapped oil reserves? Is Barack Obama attempting to demoralize Americans, creating a Carteresque myth of an America in decline? It looks like it. From...
Green Energy
What is Oil Shale?
U.S. Western oil shale is a fine-grained sedimentary rock which is very rich in organic sedimentary material called “kerogen.” The shale is heated to separate the kerogen from the rock and the resultant liquid is converted to superior quality jet fuel, diesel fuel, kerosene, and other high value products.
- To see how much oil the U.S. has in oil shale, check out our Energy Inventory. (Hint–the U.S. has 4 times the recoverable oil in oil shale as Saudi Arabia’s proven reserves).
An announcement from the U.S. Geological Survey raised previous estimates of oil shale in the Piceance Basin by 50%. Previous U.S. oil shale technically recoverable resource estimates totaled 2.118 trillion barrels.[i] The new announcement brings the total technically recoverable oil shale resource estimate to 2.6 trillion barrels. The richest, most concentrated deposits in the U.S. are found in the Green River Formation in western Colorado, eastern Utah, and southern Wyoming (see graph at below).
Depending on technology and economics, as much as 1 trillion barrels of oil equivalent could be recoverable from oil shale resources yielding greater than 25 gallons per ton [iii]. For reference, 1 trillion barrels is nearly 4 times the amount of proven oil reserves in Saudi Arabia. The energy potential from our vast resources of oil shale could substantially shift the balance of America’s oil supply away from the Persian Gulf.
Shell’s In-Situ Conversion Process
In Colorado, Shell has experimented with a process that heats the shale underground. Their in-situ conversion process (ICP) uses subsurface heaters to slowly heat the shale rock to 650 – 750 degrees Fahrenheit. Once heated, the kerogen oil and gas are released from the shale and brought to the surface with traditional pumps. An advantage to the in-situ process is it significantly reduces (and in some cases eliminates) the environmental impacts from previous shale oil recovery methods [iv
Source: The Wall Street Journal• The process involves no open-pit or subsurface mining
• Does not produce thousands of tons of shale waste, as the traditional mining method does
• Avoids groundwater contaminants via a “freeze wall” between the oil shale and water sources
• Minimizes water use and unwanted byproducts
As is common with new manufacturing processes, operating costs can be expected to decrease over time, as experience leads to design enhancements and improved efficiency. [v]
Despite the great promise these resources hold, one of the first acts of the Obama administration was to withdraw the research and development oil shale leases that the Bush administration had offered consistent with the Energy Policy Act of 2005.[vi] Private sector research and development is necessary to bring these resources to market. Without these leases and the potential to commercialize the energy resource, companies will not invest the hundreds of millions of dollars required to develop the necessary technology. In Jordan, for example, Shell pledged to spend $500 million in exploration of the country’s oil shale resources in return for the right to develop these resources if the exploration was successful.[vii]
The potential that oil shale holds here in the United States can be seen by the following graph:
[i] Development of America’s Strategic Unconventional Fuels Resources, Task Force on Strategic Unconventional Fuels, September 2006
[ii] U.S. Department of Energy, http://energy.gov/fe/articles/doe-funded-project-shows-promise-tapping-vast-us-oil-shale
[iii] Task Force on Strategic Unconventional Fuels, Development of America’s Strategic Unconventional Fuels Resources—Initial Report to the President and the Congress of the United States (Sept. 2006), p. 5, US Geological Survey, Oil Shale and Nahcolite Resources of the Piceance Basin, Colorado p. 1, Oct. 2010,http://pubs.usgs.gov/dds/dds-069/dds-069-y/ . The Task Force on Strategic Unconventional Fuels estimated that U.S. oil shale resources were 2.1 trillion barrels. In 2010, the USGS estimated that in-place resources in the Piceance Basin were 50 percent larger than previously estimated (1.5 trillion barrels versus 1.0 trillion barrels). The addition of these 0.5 trillion barrels makes U.S. in-place oil shale resources a total of 2.6 trillion barrels. Previous estimates put the total economically recoverable oil shale resources at 800 billion barrels. Assuming the same rate of recovery for these additional 0.5 trillion barrels brings the total recoverable resources to 982 billion barrels of oil resources.
[iv] “Is oil shale America’s answer to peak oil challenge?”, Oil and Gas Journal, August 9, 2004
[v] Oil Shale, Colorado School of Mines, http://www.mines.edu/outreach/cont_ed/emfi/emfi2005/OilShale.pdf
[vi] Bloomberg, Salazar to rewrite Bush’s oil-shale plan, February 25, 2009,http://www.chron.com/disp/story.mpl/headline/biz/6280852.html
[vii] Wall Street Journal, Shell: More Than 100 Oil Wells Drilled in Jordan in 2 Years, October 5, 2011, http://royaldutchshellplc.com/2011/10/06/shell-more-than-100-oil-wells-drilled-in-jordan-in-2-years/
- Shale Oil: The Next Energy Revolution
The global impact of shale oil could revolutionise the world’s energy markets over the next couple of decades, resulting in significantly lower oil prices, higher global GDP, changing geopolitics and shifting business models for oil and gas companies,...
- U.s. Seen As Biggest Oil Producer After Overtaking Saudi Arabia
From Bloomberg: The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of...
- 1st The Ca Pipeline Is Delayed/cancelled Killing 20k Jobs And Now, 204,000 Jobs Are Flushed By Obama Over Shale Gas
WS:President Obama’s United States Department of Agriculture has delayed shale gas drilling in Ohio for up to six months by cancelling a mineral lease auction for Wayne National Forest (WNF). The move was taken in deference to environmentalists, on...
-
MORE PROOF THAT PEAK OIL IS BS: HUNDREDS OF BILLIONS OF BARRELS OF SHALE OIL BEING FOUND ALL OVER THE GLOBE From the Astute Blogger himself; Reliapundit: In May, the Argentine oil company YPF announced that it had found 150 million barrels of oil...
- Obama's Crude Lies
Obama regularly lies about America's oil reserves Why does he insist on ignoring America's untapped oil reserves? Is Barack Obama attempting to demoralize Americans, creating a Carteresque myth of an America in decline? It looks like it. From...