“Kerogen”: Obama will never let us get off fossil$$$ fuels$$$.

This from the article:

*

“Another obstacle for this region is that more than 80% of all the land these resources are located on is federally owned. To date, the Bureau of Land Management has offered exploration contracts to four companies: Shell, Chevron (NYSE: CVX ) , IDT (NYSE: IDT ) , and Oil Shale Exploration.”

“Any way you try to do it, kerogen extraction is extremely energy intensive and therefore expensive. To extract 1 million barrels per day -- about 5% of U.S. daily consumption -- it would require 12 gigawatts of dedicated electricity generation, 46 billion gallons of water per year, and mining and remediation of 500 million tons of rock per year. Just to give those numbers a little perspective, that's enough power for 9 million homes, a 45-day water supply for all metropolitan New York City, and 50% of all coal produced in the U.S. last year.”

“Based on a report in 2005, today's oil prices would need to be in the $110-per-barrel range before it's considered economically feasible. This number could be much higher, though, because much of the data it's based on is from the 1980s and environmental regulations are much tighter than what they were back then. Also keep in mind that kerogen extraction technology is not yet complete. Shell has garnered some token levels of production, but the most recent EIA Energy Outlook Report doesn't see significant production from kerogen extraction until 2035.”

*

http://www.fool.com/investing/general/2013/03/30/we-have-the-worlds-largest-oil-resourceand-we-may.aspx

Time To Expel Rep Steve King From the House?

Thom plus logo Congressman Steve King, in a new Internet meme, says that red state America has 8 trillion bullets and blue state America is still debating who can use which bathroom.