mcunningham615

Something's Brewing at Oilsands Quest Inc.

Connacher oil and gas is using the in-situ recovery method of producing their reserves in the Fort McMurry area of Edmonton, Canada. So far they have been VERY successful. In just a little over a years time they have gone from about 10 boe to about 10,000 boe a day. Their first site is up and running and their second project is (the Algar project) being constructed as I type this. Connacher is planning on ramping up production in Canada to 50,000 bbls a day over the next few years. Oil Sands Quest has MUCH LARGER reserves and should be a good candidate for SAGD type production. Teaming up with Ivenhoe Energy could very well be a win win situation for all involved.

T. Boone Pickens Says Oil is Going Higher

Most cars made within the last 10 to 15 years have overdrive transmissions and are designed to be most effecient at 65-70 mph. Driving slower "lugs" down the engine requiring more fuel to be wasted just keeping the vehicle moving. In my 2006 Tacoma pick up w/ a V-6 engine my best milage comes at 65-70 mph about 23 mpg. At 55 I drop to about 21 MPG and at 80 I drop to about 21 mpg. In town I drop to about 20 mpg because of traffic and always accelerating and slowing down.
Technology and a willingness to devolop our domestic energy supplies are the only way to bring us out of the problem of high oil prices. We will be keeping more of our money here, thus the government won't have to keep printing more money to pay our oil bills to foreign countries, some of which are using our money to fight our military. Quit buying from them and the terrorist will go broke and won't be able to fight us as they will no longer to have the money to by weapons.. If we quit printing money the value of the dollar will begin to rise thus the cost of crude will fall more.
More and more reports are coming in that the largest oil fields in the world are right here in the US. The oil shale in a region from Colorado up to the Dakotas and Wyoming are said to hold more oil than any single find in the world. We just need to tweak our technology a little more to extract this oil. The technology is very close to proving reliable and economical enough to pursue this supply.