Royal Dutch Shell to patent a new technique to convert oil

[mzkhadir]

Weekly Standard

 

[FoBoT]

another source

http://energy.seekingalpha.com/article/31884

 

[xSkyDrAx]

If this is true, my wallet will be soon rejoicing!

 

[ElFenix]

wow.


who owns the shale? as the federal government is the biggest landowner in the western US, i'm guessing it's mostly on federal land.

 

[K1052]

Originally posted by: xSkyDrAx
If this is true, my wallet will be soon rejoicing!

Probably not much improvement in consumers wallets, though being in a position to tell OPEC to go fsck itself would be almost priceless from a foreign policy standpoint.

 

[K1052]

Originally posted by: ElFenix
wow.


who owns the shale? as the federal government is the biggest landowner in the western US, i'm guessing it's mostly on federal land.

80% of it is on Federal land IIRC

 

[dullard]

Originally posted by: K1052
80% of it is on Federal land IIRC

So, if it is OUR oil, are we going to let oil companies take it for nothing or next to nothing and sell it for their profit? Yep.

And then, of course, we'll buy it right back from those companies at a steep cost and dump it right back into the ground for "strategic reserves".

 

[ElFenix]

Originally posted by: K1052

Originally posted by: ElFenix
wow.


who owns the shale? as the federal government is the biggest landowner in the western US, i'm guessing it's mostly on federal land.

80% of it is on Federal land IIRC

there's the money we should use to fix SS permanently. doubt they'll do anything that useful, though.

Originally posted by: dullard

Originally posted by: K1052
80% of it is on Federal land IIRC

So, if it is OUR oil, are we going to let oil companies take it for nothing or next to nothing and sell it for their profit? Yep.

BLM royalty rates are 1/8th, which is industry standard. that's trillions of dollars over the life of a lease, for the amount of oil quoted in the article.

 

[UCDAggies]

We should be moving away from using oil, a green house gas producing energy source.

 

[ElFenix]

Originally posted by: UCDAggies
We should be moving away from using oil, a green house gas producing energy source.

i just thought of this, but all that carbon was once in the atmosphere during some of the most life-sustaining epochs of this planet. it's been cold a lot since all that stuff went underground.

 

[K1052]

Originally posted by: ElFenix

Originally posted by: K1052

Originally posted by: ElFenix
wow.


who owns the shale? as the federal government is the biggest landowner in the western US, i'm guessing it's mostly on federal land.

80% of it is on Federal land IIRC

there's the money we should use to fix SS permanently. doubt they'll do anything that useful, though.

Originally posted by: dullard

Originally posted by: K1052
80% of it is on Federal land IIRC

So, if it is OUR oil, are we going to let oil companies take it for nothing or next to nothing and sell it for their profit? Yep.

BLM royalty rates are 1/8th, which is industry standard. that's trillions of dollars over the life of a lease, for the amount of oil quoted in the article.

I'm sure the states with the reserves will want a chunk of revenue as well, so I doubt the oil companies will be getting another free ride.

 

[OS]

Originally posted by: ElFenix

Originally posted by: UCDAggies
We should be moving away from using oil, a green house gas producing energy source.

i just thought of this, but all that carbon was once in the atmosphere during some of the most life-sustaining epochs of this planet. it's been cold a lot since all that stuff went underground.

it might have all come from life, but it was not all from the same time.

 

[Eli]

Originally posted by: UCDAggies
We should be moving away from using oil, a green house gas producing energy source.

We will as soon as we find a viable alternative. Got any ideas?

 

[techs]

HAHAHAHAHAHA!!!!!
Just another story to keep us from instituting conservation.
Notice there are no particulars. Just that Shell says it is "cleaner" etc.
Large scale extraction of oil from shale in Canada is limited because it takes a huge amount of water. Which even Canada doesn't have.
So I will believe this drivel when I see it. And keep pestering our government to end the insane policies that encourage oil use and waste.

 

[K1052]

Originally posted by: techs
HAHAHAHAHAHA!!!!!
Just another story to keep us from instituting conservation.
Notice there are no particulars. Just that Shell says it is "cleaner" etc.
Large scale extraction of oil from shale in Canada is limited because it takes a huge amount of water. Which even Canada doesn't have.
So I will believe this drivel when I see it. And keep pestering our government to end the insane policies that encourage oil use and waste.

That would be tar sands not oil shale....

 

[JeffreyLebowski]

Damn the consquences, I want cheap gas.

With the amount of money that could be made off of this, we can construct large wooden badgers to place in random spots around the country, that way everyone would be wondering what the hell the wooden badgers are going to do and not worry about the weather.

 

[MDE]

Originally posted by: K1052

Originally posted by: techs
HAHAHAHAHAHA!!!!!
Just another story to keep us from instituting conservation.
Notice there are no particulars. Just that Shell says it is "cleaner" etc.
Large scale extraction of oil from shale in Canada is limited because it takes a huge amount of water. Which even Canada doesn't have.
So I will believe this drivel when I see it. And keep pestering our government to end the insane policies that encourage oil use and waste.

That would be tar sands not oil shale....

Not to mention they're trying to patent a NEW method of extracting the oil.

 

[zephyrprime]

Not exactly news. It's been publicaly known for years that oil companies were experimenting with in situ extraction techniques for oil shale. That means that they heat up the shale in the ground and oil oozes out of it.

 

[Unheard]

Originally posted by: UCDAggies
We should be moving away from using oil, a green house gas producing energy source.

You should be moving away from eating, all that methane your producing is killing the atmosphere.

 

[jpeyton]

Originally posted by: xSkyDrAx
If this is true, my wallet will be soon rejoicing!

I doubt it will affect pump prices. This just means a doubling of profit for oil companies.

 

[MercenaryForHire]

Originally posted by: Eli

Originally posted by: UCDAggies
We should be moving away from using oil, a green house gas producing energy source.

We will as soon as we find a viable alternative. Got any ideas?

Well, the Inuit subsist very well on blubber, so there's got to be a lot of stored energy potential there.

- M4H

 

[Passions]

USA! USA! USA!

 

[FoBoT]

Originally posted by: UCDAggies
We should be moving away from using oil, a green house gas producing energy source.

not until it it gone

 

[FoBoT]

Originally posted by: JeffreyLebowski
Damn the consquences, I want cheap gas.

With the amount of money that could be made off of this, we can construct large wooden badgers to place in random spots around the country, that way everyone would be wondering what the hell the wooden badgers are going to do and not worry about the weather.

i, for one, support our new wooden badger overlords

 

[rudder]

Originally posted by: K1052

Originally posted by: xSkyDrAx
If this is true, my wallet will be soon rejoicing!

Probably not much improvement in consumers wallets, though being in a position to tell OPEC to go fsck itself would be almost priceless from a foreign policy standpoint.

I would like to see that in my lifetime. Remove everylast U.S. soldier from the whole region and let them bask in thier islamic ideology. That way is they give us any terrorist crap we can bomb them without worrying about the oil wells getting hit.