New Drilling Method Opens Vast U.S. Oil Fields

New Drilling Method Opens Vast U.S. Oil Fields


http://www.foxnews.com/us/2011/02/10/new-drilling-method-opens-vast-oil-fields/

Quote :

Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day -- more than the entire Gulf of Mexico produces now.

Who is kidding who here. This was on TV Fox news today. (Mar 17 2011)

What a load of BS. This is nothing new. They have known about this (and Others) reserve for a very long time. They just suppressed it to keep oil prices rising.

Is it a coincidence that suddenly nuclear power looks bad, gulf oil platforms look bad, middle east look bad, etc, that they "suddenly" find more oil!!!

There is so much oil yet to be "discovered" it is not funny. The problem is, we need to change this entire paradigm.. Hydrogen, and magnetic power is the future.

fracking is a big deal around here right now..mostly because the water that is pushed down has to come back up and be treated in a special way because of the radioactive stuff in it..the normal waste water plants can't handle it, so they are doing deep wells to put it(used waste water) back into the ground...
lots of money to be made and just another way to ruin the land...
i think this one will really piss off mother earth faster than the rest...

stupid ****** human greed

from your link:

Environmentalists fear that fluids or wastewater from the process, called hydraulic fracturing, could pollute drinking water supplies. The Environmental Protection Agency is now studying its safety in shale drilling. The agency studied use of the process in shallower drilling operations in 2004 and found that it was safe.

and at another link here:http://txsharon.blogspot.com/2011/03/earthquakes-in-arkansas-stop-after.html

If this surprises you, stand on your head now.

Faulkner County residents experience fewer earthquakes


Days after the state's oil and gas commission issue an emergency suspension on two injection wells, the number of reported earthquakes drops tremendously.

On Thursday, there were 13 earthquakes that rattled the county. On Friday, the state's oil and gas commission suspended injections on the Clarita and Chesapeake wells. As of Monday afternoon, geologists report 10 quakes.

................
LITTLE ROCK, Ark. — Two natural gas companies agreed Friday to temporarily cease operations of injection wells in an area of central Arkansas that has seen more than 800 earthquakes during the past six months.

Oklahoma City-based Chesapeake Energy and Clarita Operating of Little Rock said they would comply with the Arkansas Oil and Gas Commission’s emergency request to stop all injection activities in Greenbriar- and Guy-area wells used to dispose of wastewater from production. The panel’s next regular meeting is March 29.

Geologists are studying a swarm of recent area quakes, most tiny, in an attempt to determine whether there is a connection between the seismic activity and gas-drilling companies’ work in the Fayetteville Shale formation. A 4.7-magnitude earthquake, the most powerful reported in the state in 35 years, struck near Greenbrier on Sunday night.

A six-month moratorium on new injection wells in the area took effect in January to allow time to determine what relationship, if any, there is between the wells and the earthquakes.

http://fuelfix.com/blog/2011/03/04/drillers-will-stop-injections-for-fear-of-earthquakes-in-arkansas/

Seems obvious to me that the relationship is there, drilling and earthquakes, stop drilling, no earthquakes.