Drill, baby, drill.

Where do we start digging for all this domestic oil?

If by home you mean here in Kern County, our oil is not as well suited for things like gasoline since most of it is heavy and sour. It's the light, sweet crude that is most highly prized.

 If by home you mean here in Kern County, our oil is not as well suited for things like gasoline since most of it is heavy and sour.

Horse hockey.  A lot of  refineries in America are set up to run sour heavy crude.  They prize low grade crude because they can get it cheaply and still turn it into gasoline and diesel.  Light sweet crude is prized by refineries who have not invested in the equipment to handle heavy sour crudes.

Chicken,

The Bakken formation covering 2/3’a of North Dakota and large parts of South Dakota Montana and Canada, Is the largest field ever discovered in North America. Yet only one of the Majors is drilling in the Bakken formation. That is Conoco Philips.
The Shell Oil CEO said when asked about drilling in the Bakken., ’It is not in the best interest for Shell to be drilling in the Bakken Formation.

The reason is simple. The Majors can Complain about restriction on drilling in the Off shore. They can complain about drilling in ANWAR. Making it appear to be a environmental/government problem. This makes them look like the good guys to the public. But in fact they are purposely restricting production in America.

There is over 500 billion barrels of crude in the Bakken. This is the best crude in the world. 45 degree light sweet crude.  There is 100’s of  billions of barrels of LGP, in other words ‘Drip Gas‘. This is gasoline naturally produced and stored in the ground. This is gasoline that can be burned in regular gas engines.
There are billions of cu. Ft. of LNG

The majors hope is to deplete all other sources of crude before they drill in the bakken and other unconventional reserves.  The bakken can be drilled for a profit at 30 to 35 dollars a barrel.  But they do not want this crude on the market. Putting this crude on the market would deflate prices. In fact production by hotshot drillers and small oill companies in these unconventional reserves. . Along with the introduction of ethanol. Is the reason for the destruction of the peak oil myth.

The majors want to artificially inflate the price.

McCain/Palin and all the rest that want drilling.
Instead of drill drill drill.

Let me hear you say.:

Drill Bakken, Drill Bakken, Drill Bakken.
 

Yeah, all resources are infinite, and all energy prices are the result of hidden agendas.

Bakken is a sad joke.

The size of the container doesn't matter. Only the size of the spigot is important.

http://www.theoildrum.com/n...

"There is over 500 billion barrels of crude in the Bakken."

The United States Geological Survey estimates that 3 billion barrels are recoverable, over a 30 year time span.

http://pubs.usgs.gov/fs/200...

I guess those evil majors must have infiltrated the USGS. A worldwide conspiracy indeed, since the the "majors",(corporate owned oil producers), control only 15% of world oil production. 

It's the remaining 85%, which are foreign nationalized producers, that have the pricing power.

Don,

Price was with the USGS.

LeFever is with the NDGS

Please read:

The Pittman/Price/LeFever study estimates the volume of oil generated at 200 to 400 billion barrels, which we can more or less equate to an estimate of oil in place.

http://www.theoildrum.com/n...

The 500 bb estimate came from latter updates to this report.

Don,

We have talked about this many times. You keep putting out the same info. Wells in the Bakken flow 3000 barrels a day7. Yet you want us all to believe the 9 barrels a day pumpers of heavy crude in Kern County isn’t a joke

Bakken crude is 45’ light sweet crude. The best in the world.

15 years ago the majors would have us all believe there wasn’t any oil in the “Bakken.

Decades ago the Majors said Kern County was just days from running dry.

Since the gas wars of the 60’s. After the oil embargo

The majors have always played their scare tactics. They have always tried to control supply.

They invented Peak Oil.

A month ago I told you crude prices would drop in 6 to 8 weeks. You said that was a joke.

So what happened Don?

Prides went down in 4 weeks.

Prices actually went down before the 4^th of July.

Prices went down even with the trouble in Iran.

Price’s went down even with the trouble in Nigeria.

Prices went down even without a dollar recovery.

Start listen to me Don. And sooner or later your bound to get it right.

I will leave to the reader to review or blogs and decide who has the best record.

Don:

Many experts have asked the USGS to explain their report. People want to know what they think is the total recoverable reserves. The idea of undiscovered reserves is useless.

Put since April 08 when the USGS released their report. They have refused to release total recoverable reserves.

Don,

Since the release of the USGS report. Bushy's  have been found to have doctored reports in exchange for booze, prostitutes and drugs. 

Go figure