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Thread: Lake Mead is shrinking -- and with it Las Vegas' water supply

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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    Quote Originally Posted by j-mac View Post
    Drilling is not a pipe dream. Unless, your world is just upside down.
    Would you allow the oil found by this drilling to be sold on the world market, or would it have to be sold domestically?

    If it's the former, then an increase in the world supply would have a couple of effects: For one, it wold lower the price a little bit. For another, it would be a cue to Saudi Arabia to cut back a bit in order to stabilize the price. If the price were much lower, then the more expensive recovery costs for any domestic oil we've found could be more than the price, shutting down the wells.

    If it's the latter, no one is going to want to drill for oil that may not be profitable.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    We have enough oil to offset that. We just have to get it.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    Quote Originally Posted by j-mac View Post
    We have enough oil to offset that. We just have to get it.
    yes, we do.
    The sticker is cost of recovery. If it costs more to get the oil out of the ground than the world price of oil, then no one is going to want to get it out. Most of the oil here is in the form of tar sand or oil shale, which is recoverable at a price. If the price is too high, then no one is going to want to try to exploit it until the world price of oil is high enough. Saudi Arabia is committed to seeing to it that the price doesn't go high enough, and they have lots of reserves that can be exploited cheaply.

    Now, we could subsidize oil production and then insist it be sold domestically, that is, if you trust the government to get it right.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    Quote Originally Posted by Dittohead not! View Post
    yes, we do.
    The sticker is cost of recovery. If it costs more to get the oil out of the ground than the world price of oil, then no one is going to want to get it out. Most of the oil here is in the form of tar sand or oil shale, which is recoverable at a price. If the price is too high, then no one is going to want to try to exploit it until the world price of oil is high enough. Saudi Arabia is committed to seeing to it that the price doesn't go high enough, and they have lots of reserves that can be exploited cheaply.

    Now, we could subsidize oil production and then insist it be sold domestically, that is, if you trust the government to get it right.
    I disagree with your premise that it is too costly...Much of that cost is due to government standing in the way.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    Quote Originally Posted by j-mac View Post
    I disagree with your premise that it is too costly...Much of that cost is due to government standing in the way.
    Getting oil shale out of the ground and into a tanker is expensive.

    Technological limits could stifle Bakken oil potential

    The vast Bakken Shale formation in North Dakota and Montana, a cornerstone of hopes for North American energy production, will need costly, advanced oil recovery strategies in order to tap its full potential over the next few decades, researchers and industry officials say.

    Primary oil recovery methods centered on horizontal drilling and hydraulic fracturing will leave 90 to 95 percent of the Bakken and underlying Three Forks oil resource in the ground, said Albert Yost II, manager of exploration and production technology at the National Energy Technology Laboratory in Morgantown, W.Va.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    Quote Originally Posted by Dittohead not! View Post
    Getting oil shale out of the ground and into a tanker is expensive.

    Technological limits could stifle Bakken oil potential
    By your own article, states that they are working on it. But, I will say that your article seems to paint a rather one sided picture.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    I was at Hoover Dam this past weekend, and the lake line is very low.

    That said, the same thing happened in the 1950s when the Pacific waters were last in their current state. In about 8-10 years, the waters will shift, and the drought will ease. That should return the levels to Lake Mead.

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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    Quote Originally Posted by j-mac View Post
    By your own article, states that they are working on it. But, I will say that your article seems to paint a rather one sided picture.
    Yes, one sided, the side of the oil companies. I really think they should know about the costs of recovering petroleum deposits.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    Quote Originally Posted by Dittohead not! View Post
    Yes, one sided, the side of the oil companies. I really think they should know about the costs of recovering petroleum deposits.
    That's one area. What about all the other places out there purposely kept off limits? This is an artificial crisis.
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    Re: Lake Mead is shrinking -- and with it Las Vegas' water supply

    I bet Lake Mead could use our floodwaters right now.
    So could the polluted waters of WV and NC.

    Too bad we don't have an Eisenhower Interstate of water pipelines.
    Our Nation still moves because of OTRs on the Interstates.

    Just run the overflow water into a small canal south of the Ohio/Mississippi confluence.
    From there, a series of small power plants push the water west through ALL the parched states.
    It isn't rocket science, it's engineering .
    Physics is Phun

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