To: Kaslin
US consumes almost 20 million barrels of oil a day, so 20 billion divided by 20 million that is about 3 years worth of oil in a shitty rough estimate.
The big news here is that it was not discovered...So there might be even more oil out there. Its not an exhausted natural resource if you keep finding it.
11 posted on
11/16/2016 4:55:15 PM PST by
Bayard
To: Bayard
And why do we keep “ findin” oil ?
16 posted on
11/16/2016 5:00:52 PM PST by
advertising guy
(I cannot wait for the book KILLING O'REILLY)
To: Bayard
It’s estimated that the US known reserves at our present rate of consumption will last the US 300 years.
21 posted on
11/16/2016 5:12:48 PM PST by
stockpirate
(OBAMA MUST BE ON THE PAYROLL OF THE CLINTON FOUNDATION.)
To: Bayard
20 billion divided by 20 million that is about 3 years worth of oil You want to crunch those again?
35 posted on
11/16/2016 5:36:55 PM PST by
ROCKLOBSTER
(I'm proud to be an American, where at least I know I'm free)
To: Bayard
The US has more oil available than all of OPEC. There's an estimated 3 trillion barrels of recoverable oil in the green river formation.
Here's a link to an ABC story about it. Here's a tidbit; over the last 100 years, the world has consumed about 1 trillion barrels. This repository alone is three times that amount.
One day, renewables will be cheap enough to compete with fossil fuel. Right now they aren't. We're being forced to pay to develop renewables primarily because the rest of the world is running low on fossil fuel. Our leaders agree with their donors that it's not fair for us to have such an advantage.
39 posted on
11/16/2016 5:42:19 PM PST by
Sgt_Schultze
(If a border fence isn't effective, why is there a border fence around the White House?)
To: Bayard
32 billion barrels per annum is what the world is consuming in oil so this is about 33 weeks supply of oil.
48 posted on
11/16/2016 6:24:45 PM PST by
Degaston
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