...wrote: As for environmental impact, each year 47 million gallons of oil seep out naturally into US ocean waters. That far exceeds the 870,...of the reservoirs they're coming from, and actually reduce the amount of oil leaked into the oceans. No, wait, then the environmentalists would cry about the poor, starving, oil-loving bacteria. -- It's times like these which make me glad my bank...
... barrels. The term "reserves" refers strictly to petroleum which has been discovered and is commercially recoverable. Oil that is off limits to drilling by law is by definition NOT part of "reserves". I ..." by the government. If th drilling ban is lifted, and the other criteria are met, the oil "magically" goes from being a "contingent resource" to a "reserve". -- It's times like ...
> http://www.nextenergynews.com/news1/next-energy-news2.13s.html America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Bad reporting. And you picked an early source, the report referred to in the article was released, and listed 2%% of numbers quoted in the ...
...are correct. Doofus, *everyone* -including the oil industry and John McCain- admits ...a super massive 200 billion barrel Oil Field that could potentially make ...-a426-b9a87f635903 The largest known oil shale deposits in the world ... are recoverable. For potentially recoverable oil shale resources, we roughly derive ... funny!} there will be no oil in 50 years? Alternative energy ...
...'t start drilling our own oil and don't start increasing ... correct. Doofus, *everyone* -including the oil industry and John McCain- admits...our way out of the oil crunch for several reasons: (A...supply will mean rapidly increasing oil prices for as long as...busy tapping into our own oil reserves and building new refineries...is because of cheap, subsidized oil. Take that away, and the...
On 2008-09-20, Mike Smith <mws@wt.net> wrote: which means we need to get busy tapping into our own oil reserves and building new refineries, right now. Unless the free market is restored that's not likely going to happen. What we will more likely get is either the status quo where the protected market players keep prices right at the pain threshold or there will be outright ...
...don't start drilling our own oil and don't start increasing our... correct. Doofus, *everyone* -including the oil industry and John McCain- admits ... our way out of the oil crunch for several reasons: (A)... Fuckin lie. We can have oil pumping in about 1.5 ...>supply will mean rapidly increasing oil prices for as long as ... busy tapping into our own oil reserves and building new refineries,...
...I claim it was. You however decided to be insulting towards me but now you seem upset it came back at you. Especially when it's in their best interest to control supply. What reason does big oil have to increase supply? Try NONE. There's no free market, there is no competition on the horizon. They have no reason to increase supply and reduce prices. So? That doesn't effect...
...: claim to have special knowledge, and assume an air of superiority in the face of all evidence to the contrary. Especially when it's in their best interest to control supply. What reason does big oil have to increase supply? Try NONE. There's no free market, there is no competition on the horizon. They have no reason to increase supply and reduce prices. So? That doesn't effect ...
... consumer would have been FORCED to buy those small, fuel efficient cars, not by the market, not by the "evil" oil companies, not because of the supply & demand marketplace for oil, but because of the social engineering of the government. His point I believe was one of being flexible in the market. That ...
