US set to become biggest oil producer
- Thread starter B00Mer
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There was at one time talk of a canal from the Columbia to the Snake which would have required more flow from Canadian hydro reservoirs.
There have been several attempts by US companies to obtain bulk water from rivers on the coast and so far DFO has kiboshed all of them by claiming there is not enough excess water after what is needed to maintain the salinity in the estuaries. They could use a similar tactic on inland waters if required. Fish habitat trumps almost everything these days.
The Colorado could definitely use more water, very little water even reaches the ocean.
Four new fields will begin pumping by December 1st. The largest is west of Delano, CA. and is reported to have an estimate of 50-60 billion barrels of crude. The 2nd is in New Mexico and it too is estimated to be "very large." The other two are in the eastern portions of Montana, the western part of North Dakota and also another filed in South Dakota. Remember, that California crude from the San Joaquin Valley usually comes to the surface with about a 60% water, 40% oil mixture and it all has to be separated so that will increase the refining costs.
They are and underneath it is another field. The USGS is notorious for way way way overestimating reserves is what I'm saying
Yes I was reading about that today. And as tech improves what was unrecoverable becomes recoverable. Appears we are awash in oil. Comparison was to the giant field in Saudi.
Good luck exploiting any resources in CA, the State passed legislation a few years back requiring that a large % of their energy needs be supplied through renewable means.
That and the fact that it is a heavily taxed State that is presently driving corporations away. Hell Connocco Phillips divested themselves of a lot of their oil production in the State no too long ago.
What also becomes interesting is that Saudi also sits on a lot of heavy crude in deeper formations. In this case, I believe that the IEA is counting low probability (P3) US reserves in the numbers and only look at the proven (P1) in Saudi.
It's a mugs game in the end
Assuming even half of these finds turn out to be producers it makes NG look much better for Canada than Keystone XL.
That is a whole different can of dead worms.
Shale gas - Wikipedia, the free encyclopedia
XL is just the second of many lines that will run from Canada.
Yup. Blame Obama for the problems of 2017.
He'll be blamed for everything that happens throughout the rest of the century.
I've encountered this story on several major networks including the CBC and BBC so I expect that there is something to it, but only as some have pointed out, if the US is willing to tolerate the negative environmental imapct of shale oil. There also the possiblilty that with the recovery of the US economy any increase in production will be consumed by the US. For the last twelve years oil consumption in the US hs been pretty flat, but it can't be counted on to remain that way.
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