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USGS: Venezuela Oil Field Dwarfs Saudi Arabia Reserves
IsraelNN.com ^
| 01/24/10, 11:08 AM
| Hana Levi Julian
Posted on 03/19/2010 5:37:42 PM PDT by Ernest_at_the_Beach
click here to read article
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To: BOBTHENAILER; thackney
Couldn’t find that this had been posted.
To: Ernest_at_the_Beach
Yeah but SA has better crude!
To: Ernest_at_the_Beach
Naturally they omit that the US has 1.35 trillion bbls of oil...
4
posted on
03/19/2010 5:41:07 PM PDT
by
PIF
To: Ernest_at_the_Beach
Back when America was led by patriots, this would be good news instead of problematic. That's because for a generation all competent presidents made sure that Venezuela was on our side.
To: Ernest_at_the_Beach
Why did Bush go all the way to Iraq to steal their oil? He could have just invaded Venezula.
To: Ernest_at_the_Beach
too bad Barrack Chavez isn’t gonna be around much longer
7
posted on
03/19/2010 5:44:42 PM PDT
by
Doogle
(USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
To: Ernest_at_the_Beach
Oil seems to poison the third world societies that possess it. Governments can get away with squelching personal initiative, because they can just suck the money out of the ground when they need it.
To: Ernest_at_the_Beach
Peak oil! Peak oil! Very little there, can’t be recovered anyway, low quality, etc.
Just thought I’d get ahead of the naysayers.
9
posted on
03/19/2010 5:47:19 PM PDT
by
count-your-change
(You don't have be brilliant, not being stupid is enough.)
To: Ernest_at_the_Beach
Look, we always get accused of being imperialists...
let’s just go ahead and do it...
5,000 Marines and a carrier or two and we could own it!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Take half the oil for ourselves and sell the rest to set up a real democracy and we are looking at a win/win!!
10
posted on
03/19/2010 5:47:19 PM PDT
by
Nitro
To: Ernest_at_the_Beach
Tough crap for Hugo, all of our oil being under “his” country, eh?
11
posted on
03/19/2010 5:47:27 PM PDT
by
RedStateRocker
(Nuke Mecca, Deport all illegals, abolish the IRS, DEA and ATF.)
To: Ernest_at_the_Beach
They mix Venezuelan heavy with Russian light crude (Which Russia just found a bunch more themselves(...
12
posted on
03/19/2010 5:48:05 PM PDT
by
Thunder90
(Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
To: Truth is a Weapon
You forgot the (/sarcasm) tag!!!
13
posted on
03/19/2010 5:48:26 PM PDT
by
SierraWasp
(Hey Democrats! Stop tryna jerk everybody around by their healthcare!!! Especially you, 0bama!!!)
To: Ernest_at_the_Beach
It’s amazing how easily we find oil under other
countries...
Is there any doubt that were we to start drilling
and expanding on the known fields we have that
other new deposits would not come to light?
Drill for America, IN America,By Americans!
14
posted on
03/19/2010 5:52:23 PM PDT
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: Ernest_at_the_Beach
Like clockwork we have a news cycle of “peak production” followed by “new reserves found”.
While I am not saying it is planned, but it sure seems cyclic.
Higher prices on anything always brings forth new discoveries.
Once prices fall new discoveries are forsaken. But having lived my entire life in the carbon bond generated energy era it does raise my interest.
I believe in the relationship of supply and demand but I also believe in false shortages and and false prices that are the natural consequence of market manipulation.
15
posted on
03/19/2010 5:54:59 PM PDT
by
Mikey_1962
(Obama: The Affirmative Action President)
To: Ernest_at_the_Beach
Lignite coal currently sells for $18/ton. The university of Texas is now able to convert 1 ton of lignite coal into 1.5 barrels of crude oil. One and a half barrels of crude oil produces 63 U.S. gallons of gasoline. In other words, $18 worth of coal yields 63 gallons of gasoline: 0.28 cents a gallon. The supply of lignite coal in North America is vast. I'm thinking that this should change the nature of our relationship with Hugo and S.A.
http://www.theglobeandmail.com/report-on-business/commentary/texas-university-has-eureka-moment-for-coal-to-gas/article1502823/
16
posted on
03/19/2010 5:59:56 PM PDT
by
RC one
(WHAT!!!!)
To: Ernest_at_the_Beach
I don’t understand why OUR U.S. Geological Survey is spending money to assess this oil field for Hugo Chavez.
17
posted on
03/19/2010 6:00:27 PM PDT
by
La Lydia
To: PIF
Naturally they omit that the US has 1.35 trillion bbls of oil... Probably because it doesn't matter. We don't seem to have the desire to drill for it.
To: Ernest_at_the_Beach
Much of Orinoco oil is low grade bitumen and is not suitable for refining. PDVSA mixes it with more water and sells it as fuel for China power plants. (China is starting up 3-4 new power plants a week).
It is a good, low cost, fuel for power plants but you need the low grade crude to produce it.
There might be one or two small scale plants in the US that can burn oreimulsion fuel but it won't ever go full scale in the US.
19
posted on
03/19/2010 6:07:24 PM PDT
by
RedhairRedhair
(I STILL love my (scab made) Toyota)
To: Ernest_at_the_Beach
One more reason to send Tio Hugo an F-18 greeting card
20
posted on
03/19/2010 6:07:28 PM PDT
by
Regulator
(Welcome to Zimbabwe! Now hand over your property....)
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