two things come to mind: 1.) this makes you wonder what's really in ANWR. IIRC, the 50% case was for roughly 10 bbl (which equates to something like 880 kbl/day in production). 2.) What does this mean for ANWR as the natives will now be clamoring for ANWR to be produced so that they can get a bigger check in the mail. Esp since the rest of the production fields are declining, I believe. Personally, I'm hoping that the ANWR numbers get revised down because there's very little upside to there being oil there. It will do nothing to affect the price and it'll only reduce the trade deficit by a smallish percentage... in a decade or more. We're better off continuing to find viable alternatives. More vigorously too, if you please.
Not currently. Natural gas isn't easy to ship, not sure if they have pipelines for that along with the oil, otherwise it's probably being flared off at the fields currently. This is currently what's done in places like ND. Natural gas is being produced in high amounts due to improvements in the fracking process, especially in the PA area, so nat. gas prices are pretty low right now. Good news is this is reducing the incentive for increasing coal usage, bad news is it's also reducing incentive for renewables. And it's still not being used for transportation*, where it would be really useful for decreasing our #1 item on our trade deficit - petroleum. * except in minute quantities - mostly fleet applications, home-built conversions, and the Honda Civic GX, available apparently in CA, NY, UT and OK.
Yes we can, this was the National Petroleum Reserve, not the Alaska National Wildlife Reserve (ANWR). Eventually we'll probably open the ANWR anyway, but might as well wait until it's really worth something and we know how to use it wisely, not in sending people commuting 30+ miles in a big SUV to their desk job.
Unfortunately, it seems that shale gas reserves are also highly likely to be overstated. Enjoy the cheap gas while it lasts - but I wouldn't expect it to last more than 10 years at the most. The Oil Drum | Shale Gas
I guess i can speak for california. Just about 90% of the bus lines through california use cng. Every bus in los angeles uses it... i've seen some limo services us it in los angeles. i've also seen a lot of taxis converted. in san francisco, every taxi and bus runs off an alternate source. the rest of that bay area is pretty close behind too. then.. in los angeles, every parking made person drives a civic hybrid or prius (a lot more prius.. this is where all the gen1's are hiding!) just saying... we are finally setting our goals as a society on better projects... the car industries are finally fighting for mpg... it's all going in a better direction too bad they wasted money in alaska. i've always felt it was a waste going up there. the amount of head needed to move any thing.. the fires... does oil get frostbite?.. any good after¿?
btw, our bus lines run 24/7... most cities sleep from what i've seen.. except NY... they don't count because their CRAZY... haha... actually, i admire a city that's organized enough to stay up 24/7.. everyone else fails... (all in all i like to think it's a huge step) (btw, we have coke cola hybrid trucks in los angeles)
Hi All, Well, if Global Warming is happening, the whole artic coast line will need NG collection, and usage. Which implies some kinda of NG to Liquid Fuel process. Seems like this reserve is made for such a process. And its close enough to feed the methan hydrates too it after the reserve is tapped-out...
