100%

 

In many ways you guys are right about solar and wind power costing alot to set up for public consumption.
But when it come to home construction having a house that will make the power meter spin backwards does not cost all that much. Until people like me mark everything up....
On a side note. I find it funny how people on cape cod dont want a wind farm. Iam left with the impression that most in that region are ultra liberal but their view is far to important.
My dad and I have looked into putting wind turbines on the 125 acre farm. Studies have shown his town is one of the best places in the state for wind power. For us it could be very lucrative as land owners.
Big bangs and fire make Beergut a happy man.

 

I’m all for renewable energy as long as it makes financial sense. Currently it takes far to long for wind and solar to pay for themselves. We have all the oil we need right now – far more than any other country. The problem is the current administration won’t allow us to get it.

QUOTE: The Green River Formation alone “contains about as much recoverable oil as all the rest the world’s proven reserves combined”

http://cnsnews.com/news/article/gao-recoverable-oil-colorado-utah-wyoming-about-equal-entire-world-s-proven-oil .

This does not include Texas, North Dakota, Alaska, the Gulf of Mexico, East Coast, West Coast, etc. etc. etc.

 

The only problem with that is it make to much sense....
A project like that could have the ability to start to pull us out of these crappy economic time. It would create tons of jobs, roads, pipelines, refineries, trucking. Towns would pop up where there were none and the rest of us would benefit from lower gas prices...

 

Yep, all the more reason the present administration shut it down as the Obama Interior Secretary's first move. They want this country to become like Europe with $10 a gallon gas (See: Henry Chu, the Transportation Secretary that doesn't even own a car.) So what, if our economy suffers because of it. This group either understands economics and wants to bring us down or has no understanding of basic economics and is feeling its way along as it goes.

Just heard this week that part of ObummerCare is that hospitals and healthcare providers are going to be fined for return visits by patients. Gee, that's going to really help the hospitals and doctors out.

My doctor retired when RomneyCare was passed here in Massachusetts and he started having to deal with the state. He was very frustrated about restrictions and non-payment. I can see fewer people wanting to become doctors in the future. Hope I'm wrong.

 

Aye, the Green River Formation is Oil Shale. It only becomes cost effective when the price of crude is up over 100 dollars a barrel, at least. Not to mention the amount of fresh water it takes to recover, which in that part of the world... is rare at best.

Recoverable oil reserves, in a perfect world, sure.

Also, the infrastructure for refining Oil Shale in a quantity to do anything for Global supply just doesn't exist. Canadians can't even produce enough Tar Sands to meet U.S. consumption alone, and they've dumped billions into it over the past 3 decades.

 

why the global supply? we could do it domestically and lower our own costs here at home. if we make more than we consume, then send it out overseas.

 

Even if they just explore for oil here it has an effect on the oil commodities market. It's based on what the conditions will be 6 months to a year down the road. Any time you explore or open up new areas it will, at the very least, cause a small price drop. Whenever you close exploration it causes concern about supply and causes prices to go up. Also, if you don't give permits for more refineries to go online it will cause prices to go up. There are literally dozens of grades and mixes of gasoline because of EPA and state regulations. A big reason California often has the highest prices. You need there to be enough refineries to keep up with the different demands.

 

The reality is that exploring for oil that is economically feasible to bring to market, is an exercise in futility. If you look at a graph of oil discoveries, you'll find that although we spend more now than we ever have on oil exploration, discoveries have followed a steepening downward trend since the '60's. We've thoroughly explored the globe, I'm sorry but oil prices will not come down, it's a matter of diminishing returns.

So explore all you want, speculate all you want, it's all artificial.

 

what graphs are you looking at?

unproven & proven oil reserves are being found on a regular basis-

what's "artificial"?

and who's this "we" you are referring to spending $$$ on oil exploration?

Venezuela? canada? Saudi Arabia? who's "we"? because it certainly isn't the USA searching for oil over sea's or in other countries.

you need to do some more research-