Continuing Upward Pressure On Retail Gasoline Prices Expected

Science Daily ^ | 5-22-2008 | Rice University

[1FASTGLOCK45]

“We have enough oil on the continental shelf and other domestic sources to be independent”

———I brought this point up in an argument with a friend,
He just told me the reason we don’t drill is because we will continue importing until the rest of the world runs out,
then we will tap into our own resources once the rest of the world is dry and we end up with the only reserves left.

I didn’t know what to make of it, i just left it at that!
aaaargh.
BTW I am unemployed now so i don’t use much gas. I fill up maybe once a month and gas i use is when i go visit my friends and family or hobby shopping. unfortunately friends live 20miles away, i do convince them to come my way and hang out too!
I hope to find a job soon though :)

[qinxuefei]

In fact, the supplied oil is more than demanded

[wideminded]

We have enough oil on the continental shelf and other domestic sources to be independent.

"United States proven oil reserves declined to a little less than 21 billion barrels (3.3×109 m3) as of 2006 according to the Energy Information Administration, ...

If the United States had to supply its entire demand of 21 million barrels per day (3.3×106 m3/d) without resorting to foreign imports, existing US reserves would last only three years at the current rate of consumption." - link

[raisetheroof]

"but the United States consumes 33 percent of the world’s road transportation fuel and demand continues to grow."

According to this, U.S. demand for oil has been dropping.

[Paladin2]

I started the tactical reserve when there was the price run-up due to Katrina. Now it seems like it's a good idea for all holidays and for hurricane season. In addition there was a weekly fluctuation that made getting a weekly tankful a constant price monitoring exercise.

[balls]

This does not take into account the worlds larges oil shale fields in Colorado (the highest quality shale in the world) and Wyoming that contain more than 1 TRILLION barrels that could begin production in the next decade (Source: Testimony of Terry O’Connor, Shell Executive, at Republican hearings last week on C-SPAN3).

[HangnJudge]

Yeh, I only get 50 MPG but it does have a larger engine.

This is the lesson I am trying to unlearn
Bigger is Better

I have owned 5 Bikes, of varying sizes
My Piaggio 250 is adequate to 95% of the tasks your bike does
It is insufficient to travel on the Interstates

For the most part, it does not matter
Most of what I must do can be done on this bike

And from a standpoint of Biker Life
It is all about The Ride

Any time spent NOT in a cage of steel
is time well spent

Also, it is MORE fun
to drive a slow bike, fast,
Than to drive a fast bike, slow.

I'll stick to my bike in a difficult economic climate
But I'd LOVE to spend time on your bike.

Live to Ride
Ride to Live

Live in Peace

[Just another Joe]

Well, I actually wasn't trying to say that bigger is better.

I was just stating for the unlearned reading the thread why I only got 50 MPG.

Not being able to get on the Interstate would be a large bother to me. But then again, I commute 300 miles a week.

Ride safe, ride long.