There's oil in them there hills

[Franko]

Caught a bit of Rush on the radio, on my way to work today. Caller was claiming that there's about or over 500 capped Haliburton-owned oil wells in Colorado, and that if uncapped could supply this country with oil for the next 300 years.

Caller also claimed Haliburton was actively hiring people at $35+ an hour to monitor oil wells via computer. If true, maybe I should be packing . . . or maybe I could do that from here. Hmm, what Haliburton's phone no.?


Amusing? anecdote: Back in 1973, I was watching the Tom Snyder show one night, and Andy Granitelli (sp?) - indy race car team owner - was one of Tom's guests. Tom asked Andy how indy car racing was affected by the oil shortage. Andy replied something like "There's no oil shortage. There's plenty of oil."
Tom looked at Andy like he couldn't believe what was said. Andy said it again.

[Timberwolf]

Don't know how long the link will remain active, but here's the transcript:
Capped oil wells in Colorado (http://www.rushlimbaugh.com/home/daily/site_012408/content/01125112.guest.html)

Read the whole thing (oil wells are the 2nd callers topic, but they tie together at the end).

[Franko]

Thanks Timberwolf

I'll copy and paste it to some email contacts

[ColonialMarine0431]

I believe it.

[Rhino]

CALLER: Three observations. Number one, there are enough oil wells already capped on the western slope of Colorado alone to keep us, this country in oil for the next 300 years. Second thing, just Halliburton alone right now has over 500 active drill sites in the western slope of Colorado for natural gas and oil.

RUSH: Wait, wait, wait, wait. Halliburton doesn't drill. They're an oil services outfit. They provide equipment, but they don't own the wells, do they?

CALLER: They don't own the wells, but they are on over 500 wells, just them alone. They are in such a boom economy right now in the western slope of Colorado based on energy alone is amazing. Halliburton's trying to hire people at 35 bucks an hour just to monitor computers on active wells just to monitor the pumping out of active wells, and they can't find enough people to work there....

...RUSH: No, you have a point there. You do have a point. Look it, you're singing my song on the oil. You're singing my song on the supply. You're singing my song on the capped wells; and there's a bunch of them in Louisiana and Texas, too, from back in the seventies. It's like I said yesterday. It's almost as though there is a powerful lobby in this country that wants to reduce our superpower status. It wants to make us ever more and more dependent on energy so as to collapse our superpower status, because they think we're the bad guys in the world. They think we're hated because we're big and powerful, and they think be we need to have cut down to size, and they think if there are other superpowers that the world would be safer, and plus they're from the blame America crowd. The idea that we have to import 65% of our oil is absurd. We don't have to do it; we are choosing to do it. We're being bullied into doing it by the environmentalist wacko lobby and its association with the American left..

[Rhino]

Most capped wells were exploratory, and never produced oil. Of the others.....

CAPPED / STRIPPER OIL WELLS

Low production gas and oil wells are classified as marginal or stripper wells when production is less than 60 cubic feet per day and 10 barrels per day, respectively. Capped wells are those that have been closed off and are therefore no longer producing any oil or gas. It is estimated that these wells still have fifty percent (50%) or more of their oil reserves still in the ground. However, “on average the global recovery factor is probably not much better than 30% to 35%”(5) Until recently, it was widely accepted that the remaining half of the oil in most of these reservoirs are not be economically recoverable, even at high oil prices.

USA MARKET
400,000 wells are estimated to be “capped’ in the USA.

53,126 – Federal Wells currently identified as capped, inactive or shut down. Some are currently leased. (4) Several Counts reported by State Agencies:

25,000 – CALIFORNIA
22,000 – NEW MEXICO
4,300 – COLORADO
5,000 - WYOMING
67,000 – TEXAS
4,000 - Pennsylvaniahttp://www.globalresourcecorp.com/Capped%20Oil%20Wells.html

This is apparently just more unsubstantiated Halliburton bashing.