[AdamB]

$this->bbcode_second_pass_quote('pstarr', '
')Dicktuneery for fancy words

[AdamB]

$this->bbcode_second_pass_quote('pstarr', 'T')hat's right Rock. But you left out that corn liquor and animal fat lol
$this->bbcode_second_pass_quote('', '[')u]Biofuels: Liquid fuels and blending components produced from biomass feedstocks, used primarily for transportation. Biogenic: Produced by biological processes of living organisms. Note: EIA uses the term "biogenic" to refer only to organic nonfossil material of biological origin.$this->bbcode_second_pass_quote('', '<')/div>

[ROCKMAN]

Adam - You shot yourself in your own foot: "The bottom line, which you keep squirming to avoid, is that to the average american, $2.05 a gallon is cheap." As you just proclaimed: cheap is a relative term. So the term "expensive" must also be relative. Thus in essense you just stated "that to the average american, $2.05 a gallon is expensive." After all there are millions of our citizens that struggle to jeep their gas tanks full. RELATIVELY SPEAKING "$2.05 a gallon" is expensive.

BTW there was no such thing as "petroleum geology" in the 1800's per se. In fact it wasn't until 1920 and later that oil companies even began to routinely hire geologists. Originally wells were drilled (such as Col. Drake's first oil well ever drilled) at sites of surface oil seeps. Or found accidentally while drilling for water...such as one of the first giant Texas fields, Corsicans, found at 600'. It wasn't until the early 1900's that the first geophysical technics (gravity and magnetic surveys) were used to hunt oil. It was only then that the oil patch needed geologists. IOW first came the data and then came the need for geologists to analize the data. And when geologists began studying the data...SHAZAM!!! petroleum geology was born. LOL.

[ROCKMAN]

And I just noticed the mistake in the thread's title. It should read "America now has more UNTAPPABLE oil then any other country". LOL. And I'm not really sure we have the most proven noncommercial oil at the currernt price.

[rockdoc123]

The EIA shows data for crude oil which as it's definition implies is only oil from the ground along with condensate from associated gas. I don't think any of the discussion here was about anything other than crude oil and not "crude oil and other liquids".
And the Rystad Energy report which this thread refers to includes only crude and condensate.

[ennui2]

$this->bbcode_second_pass_quote('pstarr', '
')The time you spent carefully photoshopping that picture specifically for me is an indication of a severe mental illness.

[ennui2]

$this->bbcode_second_pass_quote('ROCKMAN', 't')here are millions of our citizens that struggle to jeep their gas tanks full. RELATIVELY SPEAKING "$2.05 a gallon" is expensive.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '
')As per your intended insult: The Slippery Rocks in my namesake University refer to oil seeps in the local streams, not far from Drake's Well in Pennsylvania. Where US oil production began. So yes, I do know something about oil production and geology. As for the artwork.

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'A')nd I just noticed the mistake in the thread's title. It should read "America now has more UNTAPPABLE oil then any other country". LOL. And I'm not really sure we have the most proven noncommercial oil at the currernt price.

[Tanada]

How long until we start hearing about Saudi America again?

The way I see it the hypers of Shale managed to turn a period of steeply increasing production into a future model where America was once again the exporter of choice for Europe, like the glory days of the 1930's and 1940's.

Then KSA decided not to defend the $80/bbl price that was feeding the shale boom and drilling sharply declined. Pay attention though, drilling fell about 65% but it DID NOT STOP ; it just slowed to a rate that was sustainable with $40/bbl prices.

Now that prices are hovering around $50/bbl drilling has even picked up slightly from where it was at its slowest because this price level has evidence of being long term enough for $50/bbl oil being worth drilling/completing/selling once again.

The USA is a long way from the drilling rate peaks of 2014-15, but oil is still quite a ways from that $80/bbl as well.

So to reiterate my question, how long till the hype resumes and we start hearing Saudi America is in our near future once again?

Also as a side question, it was pointed out right after the election that the Congress is highly motivated to grant drilling permits for ANWR because the TAPS needs more oil to ship, Alaska wants to have those permits ASAP and with both houses of Congress and the Executive branch nothing stands in the way of those permits being granted in January 2017. Presuming all that comes to pass and ANWR permits start getting issued in February 2017 is $50/bbl high enough to motivate the big oil companies to go forward with development in ANWR? If so how long will it take for presumed resources to be networked into the TAPS processing and pumping system at Prudhoe and shipped down to Valdez for export?

[vtsnowedin]

$this->bbcode_second_pass_quote('Tanada', '
')Also as a side question, it was pointed out right after the election that the Congress is highly motivated to grant drilling permits for ANWR because the TAPS needs more oil to ship, Alaska wants to have those permits ASAP and with both houses of Congress and the Executive branch nothing stands in the way of those permits being granted in January 2017. Presuming all that comes to pass and ANWR permits start getting issued in February 2017 is $50/bbl high enough to motivate the big oil companies to go forward with development in ANWR? If so how long will it take for presumed resources to be networked into the TAPS processing and pumping system at Prudhoe and shipped down to Valdez for export?

[Subjectivist]

What if they put a terminal at Prudhoe Bay where we can import Russian Siberian oil across the soon to be ice free Arctic Ocean? That would open up a new better relationship with Russia and keep TAPS operating for a very long time, say another 30 years.

[vtsnowedin]

$this->bbcode_second_pass_quote('Subjectivist', 'W')hat if they put a terminal at Prudhoe Bay where we can import Russian Siberian oil across the soon to be ice free Arctic Ocean? That would open up a new better relationship with Russia and keep TAPS operating for a very long time, say another 30 years.

[Tanada]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Subjectivist', 'W')hat if they put a terminal at Prudhoe Bay where we can import Russian Siberian oil across the soon to be ice free Arctic Ocean? That would open up a new better relationship with Russia and keep TAPS operating for a very long time, say another 30 years.

[vtsnowedin]

$this->bbcode_second_pass_quote('Tanada', '
')
Markets are not about who is closest, they are about who is willing to pay the most and is a long term reliable customer. Part of the stated reason KSA flooded the world market in fall 2014 was to retain market share that was being lost. If Puting decides the USA would be a more reliable trading partner than the EU AND we had the ability to import through Prudhoe (which we do not have) then I could see a case being made to sell our way instead of to Germany and Poland and France.

[Tanada]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Tanada', '
')
Markets are not about who is closest, they are about who is willing to pay the most and is a long term reliable customer. Part of the stated reason KSA flooded the world market in fall 2014 was to retain market share that was being lost. If Puting decides the USA would be a more reliable trading partner than the EU AND we had the ability to import through Prudhoe (which we do not have) then I could see a case being made to sell our way instead of to Germany and Poland and France.