six extra months of oil
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Posted by on August 6, 2008, 1:02 pm
Please log in for more thread options Fortunate bloke. Time to move to North Dakota/Montana? http://www.cnn.com/2008/LIVING/wayoflife/08/05/oil.boomtown/index.html "An April 2008 USGS report estimated the amount of technically recoverable oil in the Bakken Formation at 3.0 to 4.3 billion barrels, with a mean of 3.65 billion." http://en.wikipedia.org/wiki/Bakken_Formation U.S. Petroleum Consumption: 20,680,000 barrels/day 3.65E9 bbl / 20.7E6 bpd = 176 days = about 6 months' worth of oil Michael | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Posted by Lynn McGuire on August 6, 2008, 3:48 pm
Please log in for more thread options Dont worry, we will use it all up ! I think that finds like this all over the USA will keep us minimally going for the next 10 to 20 years. Who knows what 2030 will be like though ? Maybe all cars electric and a nuclear power plant on each street corner. Lynn | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Posted by MooseFET on August 6, 2008, 9:09 pm
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> > Fortunate bloke. =A0Time to move to North Dakota/Montana?
> >http://www.cnn.com/2008/LIVING/wayoflife/08/05/oil.boomtown/index.html >
> > "An April 2008 USGS report estimated the amount of technically
> > recoverable oil in the Bakken Formation at 3.0 to 4.3 billion barrels, > > with a mean of 3.65 billion." > >http://en.wikipedia.org/wiki/Bakken_Formation >
> > U.S. Petroleum Consumption: =A020,680,000 barrels/day
>
> > 3.65E9 bbl / 20.7E6 bpd =3D 176 days =3D about 6 months' worth of oil
>
> Dont worry, we will use it all up ! =A0I think that > finds like this all over the USA will keep us > minimally going for the next 10 to 20 years. =A0Who > knows what 2030 will be like though ? =A0Maybe all > cars electric and a nuclear power plant on each > street corner. Nuclear power plants sound OK until they get near the end of their lives. When it is time to scrap it out, it is very big trouble. We have to get the various political types to stop working at cross purposes. Carter put solar panels on the White House. Reagan took them down. What each party does, the other wants to undo. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Posted by Lynn McGuire on August 7, 2008, 11:23 am
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>> Dont worry, we will use it all up ! I think that
>> finds like this all over the USA will keep us >> minimally going for the next 10 to 20 years. Who >> knows what 2030 will be like though ? Maybe all >> cars electric and a nuclear power plant on each >> street corner. >
> Nuclear power plants sound OK until they get near the end of their > lives. When it is time to scrap it out, it is very big trouble. So never shut them down. Lynn | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Posted by Ross Herbert on August 8, 2008, 12:55 am
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:>> Dont worry, we will use it all up ! I think that
:>> finds like this all over the USA will keep us :>> minimally going for the next 10 to 20 years. Who :>> knows what 2030 will be like though ? Maybe all :>> cars electric and a nuclear power plant on each :>> street corner. :>
:
:> Nuclear power plants sound OK until they get near the end of their :> lives. When it is time to scrap it out, it is very big trouble. :So never shut them down. : :Lynn Now, who is living in cloud cuckoo land...? All nuclear power plants have a use-by-date when they must be decommissioned - around 50 years max. The cost of dismantling makes it economically unviable to tkae this final step so they generally just get mothballed and fenced off. In the final wash-up the cost of opting for nuclear in the first instance doesn't work out to be so attractive. Unless the cost of all phases in the life of any energy generating plant, ie. construction, operation, de-commissioning and dismantling are included in the budget, it is not accurate to say that going nuclear is more cost effective than other options. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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> http://www.cnn.com/2008/LIVING/wayoflife/08/05/oil.boomtown/index.html
>
> "An April 2008 USGS report estimated the amount of technically
> recoverable oil in the Bakken Formation at 3.0 to 4.3 billion barrels,
> with a mean of 3.65 billion."
> http://en.wikipedia.org/wiki/Bakken_Formation
>
> U.S. Petroleum Consumption: 20,680,000 barrels/day
>
> 3.65E9 bbl / 20.7E6 bpd = 176 days = about 6 months' worth of oil