So why are we still importing oil from countries that don't really like us and thus helping to finance our enemies!
Do you have any other questions?
We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:
- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it’s all right here in the Western United States .
Old news. This oil is hard to get to, but it is there and it is a really good grade of crude.
On the upside, if we survive it long enough, one day the Muzzies will run out of oil, we'll have the last of the world's reserves, and we'll have that $hit-scum by the balls for a change.
On the downside, we'll elect another president like Zero who will give it all away for nothing and find a way to punish us all for our good fortune to boot.
If the oil is “undiscovered”; how on earth do they know how much is there????? They're using computer-modeling based on statistical equations—the same technique used by pseudo-science types to promote their agendas! (eg: gorebull warming).
Keep an open mind, but take these forecasts with a big grain of salt.
So why are we still importing oil from countries that don't really like us and thus helping to finance our enemies!
Do you have any other questions?
(1) Not all crude is the same. Some has much more sulfur.
(2)All commodities are traded on the stock market, and oil is just one of them.
(3) Deals where we buy so much oil from country 'x' to help support their economy.
For whatever reason, we have been lied about since the 1950’s about our real supply of oil.
One has to wonder how many geologists, politicians and other bsers have been paid by the Opecker Princes to lie about our oil supply and the potential.
Of course the Green Economic Terrorists have been banning any production and discovery of new fields for decades. There is no doubt that they are hand puppets of the Opecker Princes.
So why are we still importing oil from countries that don’t really like us and thus helping to finance our enemies!
Good question with lots of possible answers.
Info on US Petroleum production/use.
http://www.eia.gov/energyexplained/index.cfm?page=oil_home#tab2
7,513,000 barrels/day — U.S. Petroleum Production (crude oil, NGPL, and other oils)
19,148,000 barrels/day — U.S. Petroleum Consumption
We are discovering new oil all the time. I saw the other day that Norway just confirmed another 250 million barrels in the Barents sea.
Because the oil is owned by private companies and sold on the open world market.
It would seem to me to be largely irrelevant how much oil we have available. Some environMENTAL group or Obama’s EPA will tie it up in court making our resources unavailable and unusable. That is what they do.
What do you call a country that doesn’t allow the use of their natural resources?
Bankrupt.
The important word in this sentence is "technically."
There is often a HUGE difference between the amount of oil that is "technically recoverable" and the amount "economically recoverable."
Of course the equation between technically and economically recoverable oil constantly changes with fluctuation of oil prices and development of new technology that makes more oil recoverable at lower cost. Which is why changes in fracking technology have changed things so much recently.
This is welcome news but the US uses 6.8 billion barrels a year. It needs to be kept in perspective.
All you need to do is to elect someone who will “Drill Baby, Drill”.
Isn’t extracting oil from shale very expensive? I’ve read that it takes a lot of power to do it.
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