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Oil Assessed in Bakken Formation 25 Times More Than 1995 Estimate
North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil. - more
CONFESSIONS OF AN "EX" PEAK OIL BELIEVER
by F. William Engdahl
September 25, 2007
"...An entirely alternative theory of oil formation has existed since the early 1950’s in Russia, almost unknown to the West. It claims conventional American biological origins theory is an unscientific absurdity that is un-provable. They point to the fact that western geologists have repeatedly predicted finite oil over the past century, only to then find more, lots more...." - more
Oil Shale Potential:
Super Giant Field in the Appalachians?
A few years ago every geologist involved in Appalachian Basin oil and gas knew about the Devonian black shale called the Marcellus... ...In early 2008, Terry Englande... ...and Gary Lash surprised everyone with estimates that the Marcellus might contain more than 500 trillion cubic feet of natural gas... ...That volume of natural gas would be enough to supply the entire United States for about two years and have a wellhead value of about one trillion dollars...! ...The events described above are not unique to the northeastern United States... ...the Barnett Shale of Texas... ...the Fayetteville Shale of northcentral Arkansas, the Haynesville Shale of northwestern Louisiana... ...are just a few of several unconventional gas plays now happening in the United States and Canada. Similar organic shale deposits in other parts of the world might also produce gas as use of the new technologies spread. - more
WASHINGTON, D.C. -- The Department of the Interior’s Bureau of Land Management today (July 22, 2008) published proposed regulations to establish a commercial oil shale program that could result in the addition of up to 800 billion barrels of recoverable oil from lands in the western United States. - more
BLM Identifies Lands for Potential Development of Significant Oil Shale Resources
The Bureau of Land Management today (September 4, 2008 )finalized a plan to guide the use of public lands containing oil shale and tar sands. In its Final Programmatic Environmental Impact Statement (PEIS) to be published in tomorrow's (Sept. 5) Federal Register, the BLM amends 12 land-use plans in Utah, Colorado, and Wyoming to set aside approximately 1.9 million acres of public lands for potential commercial oil shale development. "The goal of the BLM’s oil shale program is to promote economically viable and environmentally sound production of oil shale on Western lands, where we estimate deposits hold the equivalent of 800 billion barrels of oil – enough to meet U.S. demand for imported oil at current levels for 110 years," said BLM Director Jim Caswell. - more
Tar Sands & Oil Shale
'Tar Sands' is a colloquialism for what are technically described as bituminous sands, and commonly known as oil sands - more
'Oil Shale' - Geologists may regard the name oil shale as a misnomer, since the rock does not necessarily consist of a shale and its kerogen differs from crude oil - more
Record of Decision Sets Stage for Major Oil Lease Sale
In a Record of Decision issued today(July 16, 2008), the Bureau of Land Management (BLM) announced that it will make land available for oil and gas leasing in the northeast portion of the National Petroleum Reserve in Alaska (NPR-A). “This action sets the stage for a major lease sale this fall. -more
BLM to Continue Accepting Solar Energy Applications
In response to public interest in solar energy development, the Bureau of Land Management is announcing that it plans to continue accepting applications for future potential solar development on the public lands... ...The BLM had previously advised that it was temporarily suspending acceptance of new solar applications pending completion of the PEIS, while the agency processed the 125 applications previously received. - more
Substantial Power Generation from Domestic Geothermal Resources
The results of this assessment indicate that full development of the conventional, identified systems alone could expand geothermal power production by approximately ... 260%... ...The resource estimate for unconventional EGS is more than an order of magnitude larger than the combined estimates for both identified and undiscovered conventional geothermal resources and, if successfully developed, could provide an installed geothermal electric power generation capacity equivalent to about half of the currently installed electric power generating capacity in the United States. - more