We ARE using our resources. Our kids resources. Resources that can't be replaced domestically and will force us to import all of our oil. If you think $4.00 gasoline is expensive, wait until we run out of it.
To much double talk from Obamah he lies and expects us to drink it up. Run out of oil really, get a grasp on the real world. Just wait tell food jumps through the roof from His great idea of turning food into fuel. Think the world is on fire now food riots are on the way open your eyes.
drill baby drill?
oh yeah, because those companies are so careful...
the BP CEO just got $300,000 plus in bonus pay for SAFETY in 2010.
he didn't get the full bonus...just 2/3rd's because i guess they had a litle problem....
this is OBSCENE folks.
when are we going to demand better?
and now japan's nuclear industry...dumping vast amoounts of radioactive water in to the ocean???!!!!
yeah...these people really care about the environment.
these people are all criminals in my eyes.
getting away with murder.
Let Us Reduce Imported Oil = Let's Reduce Imported Oil
The apostrophe, not comma, was correct.
Of course the previous posters already know that every drop of oil produced in & by the U.S. goes directly to the world market & has absolutely NO IMPACT on our gas prices here at home. That means that every barrel of oil drilled in the Gulf, ANWAR, Everywhere, U.S.A. does not stay here. It's all sold overseas on the world market. So if anyone thinks "drill baby drill" or "ANWR" is going to lower the price of gas here, they're dead wrong. Turn off FOX and get some real education about the world economy. If we'd invested in renewables 40 years ago we'd be energy independent & ahead of the world in that technology. Taking into account the wars & all costs related to oil production, the true cost of a gallon of gas is closer to $13.00 a gallon, not including health & environmental costs.
The current price of oil is based on future speculation and not current supplies. We could drill until the cows come home, but I would bet the price of oil will continue to rise over time.
We need to bridge the energy gap between oil and alturnative energy and the way to do it is to use our oil, natural gas, wind, solar, coal, nuke and hydro or any other option until we can find a solution. We just cant stop using oil for whatever time it takes to bring the other on line.
Do a google search asking "how much oil does the US have" and it will give you info from the USGS that may suprise you.
Libya supplies about 2 percent of the world's oil supplies, most of which goes to Europe. In Yemen, another violent anti-government skirmish. Yemen doesn't produce much oil, but an extended conflict could disrupt nearby shipping lanes for tankers carrying nearly 4 percent of the world's oil. 2 percent, 4 percent...somethings smells here and we're paying the price.
Chevron's fourth quarter profit as reported on 29 January 2011 was 5.3 billion dollars. Nuff said
ANWR = 10.4 billion barrels of recoverable oil with a maximum production of about 1.3 million barrels per day. The U.S. daily consumption is about 24 million barrels per day. The maximum benefit of ANWR oil would therefore be about 5% of our daily use. BUT...that oil couldn't be in the pipes for another decade, and if our demand goes up, its benefit is even less. Given the challenges of the climate up there, don't expect any discount on that oil.
The major oil shale resources are just that, resources. That is not the same as a reserve. Also, the term oil shale is a misnomer. Those deposits are mostly kerogen, not oil. There is no current technology available to extract it economically. Again, no cheap fuel.
Some want us to pump out the Strategic Petroleum Reserve in order to save a few cents at the pump.
We have about 725 million barrels of oil socked away. We can pump it out at a maximum rate of 4.4 million barrels per day. That would give us about 165 days of oil, but at only about 18% of what we burn each day. Just like the rest of our reserves, when it's gone, it's gone. Eventually we would be competing with ourselves in order to replenish the emergency supply.
OIL in the shale is estimated at 1.5 TRILLION barrels, the largest deposit in the WORLD. Cool, huh.....
"If you think $4.00 gasoline is expensive, wait until we run out of it."
You got that right. Better to adapt now rather than later.
It's not a matter of lack of oil, it's a matter of price gouging by the oil companies. How many billions of dollars are they gonna make this quarter? They charge us $4+ a gallon because they can, plain and simple.
it's really sad how we all just accept this criminal and indecent behavior from white collar corporations now.
whatever happened to "the people, united, will never be defeated"?
ok...so there were some defeats...but there was also alot of change that came from people rallying together in protest of corporate greed and political corruption.
people can change the world...we are not powerless.
we can't just give up and let them keep doing this stuff...getting their gigantic bonuses while the rest of us all fall into financial and emotional ruin.
we need a mass mobilization. that is one great thing about the internet...it makes that possible.
does anyone know of any groups in this area actually doing something about all this? i want try...not just complain.
The "oil" in the oil shales is not oil yet, it's mostly kerogen. The Earth hasn't cooked it yet, so we'll have to. Extra cost for cooking.
The estimated resource is for the potential "oil" in the rock, not an estimate of what can be extracted. A recovery rate of 50% would be very good. The USGS report says they didn't estimate recovery rates because no technology exists to extract the "oil" economically. Extra cost for R&D.
The formations exist in a sensitive watershed. We can live without this kerogen, we can't live without water. Extra cost to protect the watershed and restore impacted areas.
These deposits won't be developed cheaply, easily, or anytime soon. The only incentive for the oil companies to pursue this resource is because of the high price we're willing to pay.
Wrong again. They already ARE developing the resource. My BIL is in Colorado with his retort trucks as we speak.
"The EIA estimates that the field will produce 350,000 barrels a day by 2035, but some analysts predict much higher numbers.
That's good news for American juniors like Montana-based UnionTown Energy (UTOG). UTOG closed yesterday at $1.68.
And the news could get much better. Harold Hamm estimates production will be a million barrels a day by 2020. Hamm, president of the Continental Resources, is an oil multi-billionaire thought to own more oil and gas than any other American. So oil patch investors listen carefully to what he has to say."
This guy didn't get rich being stupid. Nobody works an empty hole and makes money.
We ALL want clean energy. It's NOT available, yet. In the meantime, you would have us all walking.
Who do you think hurts the most with these prices? The left screams out for the "poor", then turns around and makes'm walk.
Until that clean energy is available we need to use the technology we have.
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