Comments on: Is T. Boone Pickens Correct When He Says the US has an Energy Problem It Can’t Drill Out Of? http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of Sun, 07 Aug 2011 02:09:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Prince http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3203 Prince Sun, 27 Dec 2009 16:27:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3203 Love him or hate him, he is not a dummy and has access to information we will never have. I think he is right about this, not just because he is Pickens, but because of seeing over 50 years of geology reports. There are no huge discoveries to be made. There are not even any likely places to look for them. When you look at fields like the Bakken and realize this supposed huge reserve is only 25% extractable at best, and that is at a wellhead cost of over $75 a barrel (add refining) you start to recognize the reserves problem. When you think about the increasing demand for oil in other countries it gets even worse. Mexico has pretty well quit exporting. Canada has depleted the conventional oil to the point they are going after deep tarsands oil. They are hoping they can extract using horizontal drilling and steam extraction instead of strip mining it like their three biggest tarsands plants do. Alberta has actually put limits on natural gas extraction because it has reduced the underground pressure on the remaining oil to the point it interferes with getting the oil out.<br><b>References : </b><br> Love him or hate him, he is not a dummy and has access to information we will never have.

I think he is right about this, not just because he is Pickens, but because of seeing over 50 years of geology reports.

There are no huge discoveries to be made. There are not even any likely places to look for them.
When you look at fields like the Bakken and realize this supposed huge reserve is only 25% extractable at best, and that is at a wellhead cost of over $75 a barrel (add refining)
you start to recognize the reserves problem.

When you think about the increasing demand for oil in other countries it gets even worse.
Mexico has pretty well quit exporting.
Canada has depleted the conventional oil to the point they are going after deep tarsands oil. They are hoping they can extract using horizontal drilling and steam extraction instead of strip mining it like their three biggest tarsands plants do.
Alberta has actually put limits on natural gas extraction because it has reduced the underground pressure on the remaining oil to the point it interferes with getting the oil out.
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]]> By: tomiiee30 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3202 tomiiee30 Sun, 27 Dec 2009 15:58:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3202 yes, it takes years to drill and produce wells, it doesnt happen in a few days or weeks,we import most of our oil even though theres alot in the usa and canada-the tricky part is its very expensive to get to our oil or usa canadas which is in sand. Pickens wants to advance different technologies, like wind to take some of the demand away from oil, still use natural gas and others energies. He is putting together one of the largest wind turbine farms in north texas, and the wind definitely blows all the time there,lol. In las vegas natural gas has been used in all the cabs, buses and city vehicles for years-few people notice it, drilling is not the answer for the long term<br><b>References : </b><br> yes, it takes years to drill and produce wells, it doesnt happen in a few days or weeks,we import most of our oil even though theres alot in the usa and canada-the tricky part is its very expensive to get to our oil or usa canadas which is in sand. Pickens wants to advance different technologies, like wind to take some of the demand away from oil, still use natural gas and others energies. He is putting together one of the largest wind turbine farms in north texas, and the wind definitely blows all the time there,lol. In las vegas natural gas has been used in all the cabs, buses and city vehicles for years-few people notice it, drilling is not the answer for the long term
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]]> By: Duane G http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3201 Duane G Sun, 27 Dec 2009 15:24:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3201 T Boon was asked by a member of the press if he was pushing wind power because of his investment in them. His answer was "I am worth 2 billion dollars, and I am 80 years old I do not need the money" I think TBoone has a realitic view of what the energy emergency we are in is. The foreign dependency has got to stop. Also, I read your comment on TBoon being one of the first to grow his company by acquiring other companys, Rokerfella was the master of this in refinineing oil he consumed every competitor. I hope that the politicians will adopt TBoones srategy it is the best one I have seen, also did you know that 4 pounds of trash when burned creates the same amount of energy 1 pound of coal does? (they also clean the polutants out of it by a filtration proces) This is another thing that the politicans could put in every state.......<br><b>References : </b><br> T Boon was asked by a member of the press if he was pushing wind power because of his investment in them. His answer was "I am worth 2 billion dollars, and I am 80 years old I do not need the money" I think TBoone has a realitic view of what the energy emergency we are in is. The foreign dependency has got to stop. Also, I read your comment on TBoon being one of the first to grow his company by acquiring other companys, Rokerfella was the master of this in refinineing oil he consumed every competitor. I hope that the politicians will adopt TBoones srategy it is the best one I have seen, also did you know that 4 pounds of trash when burned creates the same amount of energy 1 pound of coal does? (they also clean the polutants out of it by a filtration proces) This is another thing that the politicans could put in every state…….
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]]> By: blessed_thang http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3200 blessed_thang Sun, 27 Dec 2009 14:42:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3200 Your cite says he never drilled. One company he raided and took control over required the employee pension fund be emptied. The man is a control freak. He hires private Pinkertons to spy on everyone. He's into private water as of late -- the water under his ranch. And he wants to pump it dry for profit thereby destroying the area surrounding his holdings. Cheney is a frequent guest to his ranch for duck hunting on the artificial lakes. Anything you read about him is self-generated publicity. To ship the water out, he wants right-of-way for his new wind turbines. In a word evil.<br><b>References : </b><br> Your cite says he never drilled. One company he raided and took control over required the employee pension fund be emptied. The man is a control freak. He hires private Pinkertons to spy on everyone.

He’s into private water as of late — the water under his ranch. And he wants to pump it dry for profit thereby destroying the area surrounding his holdings. Cheney is a frequent guest to his ranch for duck hunting on the artificial lakes.

Anything you read about him is self-generated publicity. To ship the water out, he wants right-of-way for his new wind turbines.

In a word evil.
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]]> By: indiana_state_university http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3199 indiana_state_university Sun, 27 Dec 2009 14:31:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3199 Of course T. Boone is right, he is an expert in this area. So why does John McCain and Republicans want to drill off-shore so bad? Is it because they work for the oil companies, who will benefit most from off-shore drilling.. or is because McCain's Advisers think that America will equate off-shore drilling with lower gas prices, giving him votes? Sorry to answer a question with a question.. but I believe I am right.<br><b>References : </b><br> Of course T. Boone is right, he is an expert in this area. So why does John McCain and Republicans want to drill off-shore so bad? Is it because they work for the oil companies, who will benefit most from off-shore drilling.. or is because McCain’s Advisers think that America will equate off-shore drilling with lower gas prices, giving him votes? Sorry to answer a question with a question.. but I believe I am right.
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]]> By: Baby Barack http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3198 Baby Barack Sun, 27 Dec 2009 13:52:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3198 Yep. He's right. However, we can process coal and shale, of which there is no shortage in this country. T. Boone Pickens is now pushing wind turbines since he invested $2 billion in a wind farm.<br><b>References : </b><br> Yep. He’s right. However, we can process coal and shale, of which there is no shortage in this country. T. Boone Pickens is now pushing wind turbines since he invested $2 billion in a wind farm.
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]]> By: aoao http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3197 aoao Sun, 27 Dec 2009 13:11:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3197 YES, its great to see an expert admit it. All the hydrocarbons need to go away ASAP - not just because of the cost and political dangers of dependency on foreign oil and gas. The enviornment simply cannot take it anymore.<br><b>References : </b><br> YES, its great to see an expert admit it. All the hydrocarbons need to go away ASAP – not just because of the cost and political dangers of dependency on foreign oil and gas. The enviornment simply cannot take it anymore.
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]]> By: Gabby B http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of/comment-page-1#comment-3196 Gabby B Sun, 27 Dec 2009 13:00:59 +0000 http://www.uicinvestors.org/management-buyout/is-t-boone-pickens-correct-when-he-says-the-us-has-an-energy-problem-it-cant-drill-out-of#comment-3196 pretty much. untill we find a cheap alernative than we have were stuck in our whole.<br><b>References : </b><br> pretty much. untill we find a cheap alernative than we have were stuck in our whole.
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