[UnbelievingScumOnTheOtherSide]

No matter what they do, we’re scraping the bottom.
$5 this year, $6 next, $10 in a few.
And many now “middle class” will not have the money, period.

Nuclear fusion or bust.

[saganite]

Finding enough natural gas to last 100 years is scraping the bottom? I don’t think so. As for fusion, it’s still 20 years in the future just as it was 40 years ago when I was a boy.

[aruanan]

No matter what they do, we’re scraping the bottom.

Ha ha ha ha ha. Yeah, when you don't know the past, you can be so pessimistic about the future. People have said we're scraping the bottom of the barrel since the 1800s.

[taildragger]

$5 this year, $6 next, $10 in a few.

Yes because of our dear leader...

Have you ever talked to FRer's in the Oil and Gas Industry here? I have. Like the guy who's mentor originally mapped ANWR and said the mentor thinks if we go back and 3D map it it maybe 5 times the original estimate and is probably why NO ONE on both sides of the isle don't want to go back and map it, ( Yes Boehner is a woose) they all are afraid of the Watermellons/Sierra Club.

And Bakken? Who was I listening to yesterday, Rush or was it Levin noted it is 25 TIMES the original estimate.

I'd tell ya about the friend of a friend who is an Engineer at Bakken, but that is really not suited for everyone's eyes...

The point is we probably have enough oil, gas, and coal to last us hundreds of years. ( Even an eco-weenie I know in the power industry admitted if the chemical side of fracking is fixed we have 300 yrs of gas).

The problem is we need a flat tax to tell K-Street to enter a Job retraining program, and get the greenies out of the way via that move, and shut down the EPA so we can live and stay warm.

[Recon Dad]

No matter what they do, we’re scraping the bottom. • Natural gas: The U.S. has 2.744 quadrillion cubic feet of natural gas that is technically recoverable.10 In 2009, the U.S. consumed 22.8 TCF of natural gas.11 That is 120 years of natural gas at our current rate of consumption. • Oil: The U.S. has 1.44 trillion barrels of technically recoverable oil.12 The U.S. consumes 19,148.146 barrels a day (or 7 billion barrels a year).13 That is enough oil for 206 years at our current rate of consumption. U.S. In‐Place Resources (Total Resources) • Natural Gas: The United States has 14.021 quadrillion cubic feet of natural gas. 16 The U.S. consumes 24.088 TCF a year.17 That is 586 years of proven reserves at our current rate of consumption. This is a conservative estimate because it does not include America’s vast methane hydrate resources. According to a USGS report, the United States has between 112,765 – 676,110 TCF of natural gas resources in methane hydrates with a mean estimate of 320,222 TCF.18 If we learn to tap methane hydrate resources, we have enough natural gas for literally thousands of years at current rate of consumption. • Oil: The United States has 3.75 trillion barrels of total oil resources—1.065 trillion barrels of conventional crude oil, 80 billion barrels is oil sands, and 2.6 trillion in oil shale.19 The U.S. consumes 19,148.146 barrels a day (or 7 billion barrels a year).20 That is enough oil for 536 years at our current rate of consumption.