Thars oil in those old hills yet me buckos

[deziloooooo]

Have no idea how it's done, what it means , how they discovered it, are they getting desperate or just lucky and I don't care...but seems it is some good news for a change...
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news.yahoo.com/s/ap/20110209/ap_on_re_us/us_shale_oil
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"New drilling method opens vast oil fields in US
Buzz up!71 votes Share
By JONATHAN FAHEY, AP Energy Writer Jonathan Fahey, Ap Energy Writer – 2 hrs 42 mins ago
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.

Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day — more than the entire Gulf of Mexico produces now."
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{click on the link for the whole article}

[Deleted]

Sounds great, Dez. Too bad oil is not PC right now. For some reason oil is evil and windmills and sawgrass are good.

[ed1066]

For some reason oil is evil and windmills and sawgrass are good.

But only if those windmills can't be seen from the back lawns of Democrats' mansions...

[deziloooooo]

[floridayankee]

Are you just hearing about shale oil now?

If I remember right, US Shale Oil reserves are estimated to be more than five times the known oil reserves of Saudi Arabia.

[deziloooooo]

Is this shale oil?...I thought by the article it was a way to extract oil that was thought trapped over a large gas resevoir that they didn't think they could get out economically..shale I know about, takes a lot of energy and water to get out, economically.

[workpublic]

are they allowed to go after it?

[floridayankee]

Feb 10, 2011 12:16:12 GMT -5 deziloooooo said:

Is this shale oil?...I thought by the article it was a way to extract oil that was thought trapped over a large gas resevoir that they didn't think they could get out economically..shale I know about, takes a lot of energy and water to get out, economically.

The way I read it, they're using the technique used to extract natural gas from shale reserves and modifying it to extract the oil.

Oil engineers are applying what critics say is an environmentally questionable method developed in recent years to tap natural gas trapped in underground shale. They drill down and horizontally into the rock, then pump water, sand and chemicals into the hole to crack the shale and allow gas to flow up.

Because oil molecules are sticky and larger than gas molecules, engineers thought the process wouldn't work to squeeze oil out fast enough to make it economical. But drillers learned how to increase the number of cracks in the rock and use different chemicals to free up oil at low cost.

"We've completely transformed the natural gas industry, and I wouldn't be surprised if we transform the oil business in the next few years too," says Aubrey McClendon, chief executive of Chesapeake Energy, which is using the technique.

So I guess we can call this old news with a new twist?

[workpublic]

if it's what they are doing in upstate NY it has local water supply hazard potential.

i think it;s called fragging.

[floridayankee]

Feb 10, 2011 14:27:10 GMT -5 workpublic said:

if it's what they are doing in upstate NY it has local water supply hazard potential.

i think it;s called fragging.

Shale deposits have vast oil and gas potential. Unfortunately, we do not know how to retrieve it in an environmentally sound way yet.