The world has more oil not less

http://www.anxietycenter.com ^ | By Alan Caruba

[Mr_Magoo]

*Ping*

[Light Speed]

Yes.... we have lots of oil and gas reserves.. I work for an American firm..we have developed several fields in the Arctic. Enviromental stewardship is the norm...First Nations peoples also desire the Oil industry. The media is split on development of Arctic fields. As the Mid-east spins out of control..America will develop more as she goes. Unless ..America has a plan to boot the Saudi Royal house out....I would like that ..seeing that I am Jewish

[Straight Vermonter]

C'mon I still remember what I learned in school in the 70's about how limited the oil supply was. The world ran out of oil in 1995.

[my trusty sig]

And this article speaks solely of conventional oil. There's a heck of a lot of non-conbventional stuff too that is presently being worked, such as the huge oil sands deposits up in Canada. There are a few hundred billion barrels worth, of which easily 10% is economically recoverable right now. That's why there's been a huge boom in Calgary/Alberta/Ft McMurray, as Suncor, Syncrude, RD, BPA, et al are investing billions there. Cost of mining/extracting the hydrocarbon has dropped to where it makes economic sense.

Australia too has some 20-30 billion barrels worth of oil shale that is beginning to be worked... and that has the nincompoops at Greenpiss busting a gut.

[RightWhale]

we would have all we need.

Looking long-term we are clearly not going to use oil this way for the next billion years. Also, the sun itself will burn out eventually, and the galaxy will grow dim. Not to mention that ultimately all the galaxies except possibly 1000 of them in the local cluster will move out of sight and the ones that are left will be so dark they will be invisible. So how much oil do we need, both right now and in the next few years? 200 years isn't long. We have coal for 500 years. What then? Some say that the generation that will live forever is already living, so we can't assume it won't matter to us.

[DB]

The writer writes comparative numbers kind of strange...

He talks about hundreds of thousands of millions and then talks about tens of billions in the next line... The "billions" sound bigger but in fact are much smaller.

A thousand million is a billion. The way he wrote it is misleading.

The "686.4 thousand million barrels" in the Middle East is 686.4 billion barrels compared to the 16 billion barrels in Alaska. That's a pretty big difference.

I don't disagree with the premise, just the way it was written.

[deport]

.........Australia too has some 20-30 billion barrels worth of oil shale .......

Many barrels within a 100 miles of Rifle CO. when and if the price gets correct.

[RightWhale]

why are being told that we have to cut back consumption?

Our future lies in using more and more power. Cut back oil, sure, but where is the next, even better, source? Oil is so cheap and plentiful we obviously have to burn it. Nothing else even comes close, both in price and quantity availability and in harmlessness to the environment. Either that or find a mode of transportation throughout our world, --be it just around this planet or any other places in the universe we care to travel to--, that requires zero power.

[backhoe]

FYI--

The Origin of Methane (and Oil) in the Crust of the Earth
Thomas Gold
U.S.G.S. Professional Paper 1570, The Future of Energy Gases, 1993

PETROLEUM RESERVES EVALUATED WITH MODERN PETROLEUM SCIENCE

Another Washington Post article here

[Frances_Marion]

Umm...yeah, that's why gas prices are already starting to go up again. Sorry, don't agree with your "theory"...we're very much at the mercy of the OPEC goons. We've got plenty of Alaskan and offshore reserves we could tap, and combined with more fuel efficient and hybrid cars, we could tell the Arab nations where they can go. No more black-gold blackmail...

[Ernest_at_the_Beach]

To find all articles tagged or indexed using above index words

Go here: OFFICIAL BUMP(TOPIC)LIST

and then click the topic to initiate the search! !

[welfareworker]

President Reagan talked about this very topic in his June 15, 1977 radio address, on pp.318-20 of Reagan In His Own Hand.

In 1920, we were told we'd be out of oil in 15 years.

In 1939, we had a 13 year supply.

In 1977, we had a 30 year supply.

There is undoubtably still a lot of oil out there.

[southland]

(((PING)))

[southland]

(((PING)))

[southland]

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[SunkenCiv]

A Blast from the Past.

[SunkenCiv]

Vast Energy Resource Locked Below Ocean Floor
Source: cosmiverse Science Web Site
Published: October 6, 2000 07:05 CDT Author: Staff
Posted on 04/04/2001 14:17:18 PDT by Ernest_at_the_Beach
http://www.freerepublic.com/forum/a3acb8f5e4681.htm