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View Diary: President Obama's climate change speech may hint at possible Keystone XL pipeline rejection (188 comments)

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  •  Yeah, that's close to what the blurb I posted (2+ / 0-)
    Recommended by:
    Quicklund, Just Bob

    said (10 billion barrels).

    My understanding is that the Texas reserves are too new to be in the government stats.

    But here's the Canadian (Globe and Mail) take on things: Texas: One more threat to the oil sands

    Today’s oil discovery sizes not seen since 1960:

    Yet there it was, a remarkable stat buried among many that should have made everyone at the Dallas Convention Centre take a deep breath. According to the source, just one oil play in the Texas Midland Basin, the Spraberry/Wolfcap shale, may have a total recoverable resource of up to 50 billion barrels using new tight-oil extraction technologies. This revelation presents us all with an arresting number, if indeed that much oil is producible from a region already famous for its hydrocarbon potential. For one thing, supplementary data from the U.S. Energy Information Agency shows that only 1.3 billion barrels have been produced from the legacy region since its original discovery in 1949. So tapping into the multizone Spraberry/Wolfcap with horizontal drilling and hydraulic fracturing processes is a like finding a virgin oil field – a very big one at that.
    •  USG(2013) says US has 58 Gb of 'shale oil' (1+ / 0-)
      Recommended by:
      6412093

      and 29 Gb of conventional oil left--that's the whole country.
      The US also consumes +6 Gb of oil per year.

      http://www.eia.gov/...

      Seriously the whole oil independence trope is nonsense.

      Texas has one thing going for it. A huge number of
      depleted oil/gas fields for EOR-carbon sequestration. If Gulf refineries captured
      and sequestered their process emission, I'd okay KXL.

      •  That report gives the total US "unproved" (1+ / 0-)
        Recommended by:
        Just Bob

        reserves at 223 Gb.

        The news articles I posted suggested that 50 Gb of that recently went from the "unproved" to the "proved" side of the ledger, thereby almost doubling the 58 Gb figure you mentioned.

        In a way it's sad we even have to discuss, but since Obama has vowed to increase petroleum and infrastructure as long as he is in office, I guess we have to.

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