[delta7]

Posted to clear up many misconceptions.

Note: Oil reserves are not the same as oil production.

[Jonty30]

Have Trump put pressure to free Alberta.

[Dr. Sivana]

I do not believe that Alberta’s reserves are so low. I think the criteria employed must not be including anticipated reserves that are not yet exploited. I also don’t believe that Venezuela has more oil than Saudi Arabia.

[Ronaldus Magnus III]

Once again, we have only drilled a few miles into the Earth. The world’s proven oil and natural gas increases when we drill.

When a business/energy/people friendly President supports abundant, inexpensive energy, Drill Baby Drill, the result is more. More energy. More less-expensive energy. All of this equals more freedom, which always drives the Left crazy. Free people, making free, individual choices is anathema to the Left.

Every other month there is another announcement of a major hydrocarbon discovery. Brazil announced the largest hydrocarbon discovery in 25 years.

[Dr. Sivana]

From Perplexity.ai:

If you’re asking about U.S. proved oil reserves in 1980, historical sources show the United States had, by one common accounting method, roughly 30 to 40 billion barrels of proved crude oil reserves around that era, with estimates varying by source and calculation method.

Proved crude oil reserves in the United States were roughly in the neighborhood of several tens of billions of barrels in the 1990s, with annual figures fluctuating due to discoveries, revisions, and economic/technological changes.

When we need it, we find it.

[PAR35]

All oil is not created equal. Venezuela is a thick tar, that needs a lot more work at the refinery than do the sweets and the intermediate.

[pissant]

you just figured this out?

[crusty old prospector]

Venezuela and Alberta are mostly heavy oil.

[SmokingJoe]

The Fourth Shale Revolution: Supermajor Tech || Peter Zeihan

https://www.youtube.com/watch?v=cythBGQJ4Us

[SmokingJoe]

ExxonMobil’s Petroleum Coke Breakthrough: The Fourth Shale Revolution Reshaping Energy Markets

https://www.youtube.com/watch?v=51-uGMvbJsk

[StolarStorm]

If we looked in the vast protected lands of Alaska and all over the USA, bet we find huge reserves.

[FLT-bird]

The US may only have 45 billion barrels in reserve but has “technically recoverable” oil reserves of 1.6 trillion barrels. It is estimated the US actually has over 2 trillion barrels of oil but some of that is not recoverable.

In addition to that, the US has hundreds of years’ worth of coal.

[FLT-bird]

I forgot to add the US has 2400 trillion cubic feet of natural gas - or enough to last 100 years at current rates.

Note that like oil, more natural gas gets discovered all the time so that figure increases.

Between oil, gas and coal, the US has enough energy to last for hundreds of years.

[Does so]

When will Trump re-fill the Strategic Petroleum Reserves that Democrats emptied?