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Thread: Oil rises above $90 amid US crude supply drop

  1. #151
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Le Marteau View Post
    You're really not. Russia's got the world's largest oil reserves, then Saudi Arabia, and on. The oil under Alaska could sustain the US at current rates for about 11 months. The solution is to find better energy, not vainly wish that oil will start growing in the dried up Texan rigs.
    The oil in Alaska is a drop in the bucket compared to what is in the Dakotas and under the Rocky Mountains, not to mention what's in the Gulf and off our west coast.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    Not so in Mazatlan.....must be state taxes....
    I'm sure gas prices vary in Mexico just as they do here. I posted the national average price.

    Are you sure you used the correct currency value and converted from liters to gallons properly ??

    By the way, did you go fishing there? I caught two fantastic Pacific Sailfish (9 footers) the last time I was there.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  3. #153
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    Yes, and in places other than the few places they are located now. Production and Distribution are often impaired during hurricane season. :
    What does that do for the oil companies? Higher prices and higher profits. Why would they want to ruin that?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  4. #154
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Erod View Post
    The oil in Alaska is a drop in the bucket compared to what is in the Dakotas and under the Rocky Mountains, not to mention what's in the Gulf and off our west coast.
    So how many year supply do we have there?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    So how many year supply do we have there?
    Perhaps a few. It doesn't change the fact that it's not survivable. Change the energy supply, and you don't have the problem of impending doom.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    So how many year supply do we have there?
    It's estimated to be somewhere between 3.0 and 4.3 billion barrels.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post
    It's estimated to be somewhere between 3.0 and 4.3 billion barrels.
    Is that recoverable and how long would that last us at todays consumption?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    Is that recoverable and how long would that last us at todays consumption?
    The experts think it's recoverable. There is a huge oil boom going on in the Dakotas now. There's even a tv show about it. I believe N. Dakota has the lowest unemployment rate in the country.

    If my math is right, it would replace around 9 years of oil imports at the 3.0 billion barrel estimate.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post
    The experts think it's recoverable. There is a huge oil boom going on in the Dakotas now. There's even a tv show about it. I believe N. Dakota has the lowest unemployment rate in the country.

    If my math is right, it would replace around 9 years of oil imports at the 3.0 billion barrel estimate.
    Don't we consume 7 billion bbl a year?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Le Marteau View Post
    Perhaps a few. It doesn't change the fact that it's not survivable. Change the energy supply, and you don't have the problem of impending doom.
    It's thought that we have between 100 and 400 years of oil left. More and more, that estimate is moving to the higher end.

    We shouldhave a RELIABLE alternative source within 100 years. Hint: air, solar, corn, etc, are not it. The next source of energy will by nuclear, or something much like it.

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