Quote:
Originally Posted by scaeagles
A recent discovery
|
It isn't a recent discovery. Oil in the area has been known for 50 years, the debate has been about how much is there.
Quote:
|
in North Dakota (which goes into South Dakota and Montana as well) called the Bakkan Formation could replace all of our imported oil for about 40 years.
|
True, only if currently unknown technology is dropped in our laps.
Quote:
|
It is estimated at between 175 and 500 billion barrels. At the low end, say 200 billion, that replaces the 14 million barrels of oil we import daily for 39 years. One oil field, all by itself. Let alone off shore and Alaskan oil.
|
Again, true. There is a huge amount of oil. And per the very reports that gave the estimate of quantity you mention, only about 3.6 billion of it is in a form that is recoverable with currently known technology. So, now instead of 40 years of oil (by current usage) we are down to 257 days of oil.
It is kind of like saying we'll always have fresh water because there is a huge amount of it in the troposphere. Perhaps true, but we have no good way to get it.
Plus, they are already ramping up production of drilling in that region (therw it isn't particularly controversial) since high prices make it worth their while. So if these drills alone can provide all of our needs for 40 years, then obviously drilling offshore in the gulf and in ANWR can't possible do anything to reduce energy dependence since we've already solved that problem.
Quote:
|
That's one hell of a long time to continue developing other technologies, which I'm all for and no one of conscience is against.
|
Except that, to get the benefit you see claim for that field we will have to wait for the benefit of other technology, which a lot of people aren't for and many of conscience are against.