Hoax or Motherload????

rateesquad · Sep 3, 2006

I dont know if to believe this guy or not. Not for nothing this sounds like alot of bull crap to me but if it is true it is a motherland of all moneymaking. I dont think it true whatever he states or his research, but what if it is???

http://www.stansberryonline.com/PRO...OILG909&alias=200608OIL-COL-49&scode=XOILG909

Defenatly read this!!!!!!

hjay23 · Sep 3, 2006

Yes, but it is not crude oil, but rather oil shale.

Yes it's true, there are tremendous reserves of it in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming.

But it's not Light Sweet. And it will take years and billions in investment for it to become useful.

http://ostseis.anl.gov/guide/oilshale/index.cfm

good book
http://www.amazon.com/gp/product/00...ef=sr_1_1/104-5795714-1386334?ie=UTF8&s=books

BA_Trader · Sep 3, 2006

Sounds like there have been recent developments that make the US oil shale reserves viable...

http://en.wikipedia.org/wiki/Oil_shale#Economics

rateesquad · Sep 3, 2006

So its not the same thing, damn I thought i would be rich :mad:

How different is shale oil for light sweet???

steve46 · Sep 4, 2006

Hoax or motherload?

How about just "load"?

walter4 · Sep 4, 2006

It probably cost like $100 to extract the oil from this stuff...

Iconoclast · Sep 4, 2006

javascript:void(window.open('http://rds.yahoo.com/S=53720274/K=energy/v=2/SID=w/R=1/l=NVR/SIG=12jmgco2f/EXP=1157433771/*-http%3A//cosmos.bcst.yahoo.com/up/news?ch=49799&cl=797171&lang=en', 'playerWindow','width=793,height=608,scrollbars=no'));

I think it sounds promising.

Copy/paste the above link into a brower to see the vid.

Iconclast

5Pillars · Sep 4, 2006

Quote from rateesquad:

I dont know if to believe this guy or not. Not for nothing this sounds like alot of bull crap to me but if it is true it is a motherland of all moneymaking. I dont think it true whatever he states or his research, but what if it is???

http://www.stansberryonline.com/PRO...OILG909&alias=200608OIL-COL-49&scode=XOILG909

Defenatly read this!!!!!!

Old news.................they stick heating rods deep into the ground to heat up the shale to get the oil to move to a vaporous state to then pump out of the ground. There is a lot of potential possibly, but there is a long road to travel with environmental concerns and local politics....we will see.

5Pillars · Sep 4, 2006

Quote from walter4:

It probably cost like $100 to extract the oil from this stuff...

No....about $40 a barrel equivalent with the "heating rod" extraction methods.

rateesquad · Sep 5, 2006

Quote from 5Pillars:

Old news.................they stick heating rods deep into the ground to heat up the shale to get the oil to move to a vaporous state to then pump out of the ground. There is a lot of potential possibly, but there is a long road to travel with environmental concerns and local politics....we will see.

Screw those hippies they want to destroy the whole civilization.
When they tried to put electric rotators in Hudson river to generate electricity, those goddamn hippies stopped it, you know why??? Due to the fact that it will possibly kill fish. Come on give me a freaking brake, if there is fish in Hudson river near NYC, I am fucking Santa.