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United States Oil Fund LP V.USO.RT


Primary Symbol: USO

The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on USOs collateral holdings, less USOs expenses. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.


ARCA:USO - Post by User

Bullboard Posts
Post by EDDY05on Jun 14, 2011 8:47pm
252 Views
Post# 18715516

Utah oil sands...

Utah oil sands...
Utah oil sands
From Wikipedia, the free encyclopedia
In the United States a large supply of oil sands are found in Eastern Utah. These deposits of bitumen or heavy crude oil have the ability to generate about 12 to 19 billion barrels from a number of prominent sites.[1]
Contents
[hide]
1History
2Production sites
2.1Tar Sand Triangle
3See also
4References
[edit]History
Since the early 1900's the oil sand deposits have been extracted mainly for the use of road pavement. Later, in the 1970's, oil companies began to experiment with the deposits in the hope of using it for their benefit. These experiments ended in the late 1980's when the technologies being used were concluded inefficient and too expensive.[2] Recently, oil companies have again become interested in Utah's oil sands. Now that conventional oil is becoming harder to find, oil sands have become an alternative fuel source.
[edit]Production sites


Mountains of the Uintah Basin in Utah
Utah's oil sands are made up of several different deposits all consisting of different amounts of heavy or crude oil. These sites are mostly found on public lands. They are mainly close together and many are found within the Uintah Basin of Utah, which is a section of the Colorado Plateaus province. Some of these sites include Sunnyside, P.R. Spring, Asphalt Ridge, Hill Creek, Circle Ridge, Circle Cliffs, White Rocks, and the Tar Sand Triangle, the highest deposit. [2]
[edit]Tar Sand Triangle
The Tar Sand Triangle is located in Southeastern Utah and covers an area of 148,000 acres (600 km2). It is located between the Dirty Devil and Colorado Rivers in Wayne and Garfield Counties. The Tar Sand Triangle is the largest deposit of oil sands in the United States known today. It contains about 6.3 billion barrels of heavy oil, but is thought to have originally held more. At one point the Tar Sand Triangle could have consisted of 16 billion barrels of heavy oil, almost as much as in Utah today.[3]
Bullboard Posts