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

  1. #191
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post

    Eleven billion barrels is double the previous estimate of reserves, and could eventually push North Dakota into second place among the states for oil production, leapfrogging over California and Alaska and trailing only Texas.
    So how many years supply is that at current US consumption of 7 billion barrels 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 ptif219 View Post
    The GOP had a very small majority so the democrats could block anything they wanted to. Few have a filibuster proof congress like Obama had for 2 years
    Oh. So don't even try? Yu guys are really pathetic. Now you are blaming democrats when they were not in power.
    "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 ptif219 View Post
    A few years ago they said the oil would be hard to get.
    It is getting harder to get. The easy stuff is long gone.
    "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 much for free markets.
    LOL!

    you got a problem with markets?

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

    Quote Originally Posted by USA_1 View Post
    Yu guys are really pathetic.
    you sound like the dnc

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

    Quote Originally Posted by The Prof View Post
    LOL!

    you got a problem with markets?
    Free markets don't work when the prices are too high, and are oppressive when the prices are too low... no win scenario.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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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 years supply is that at current US consumption of 7 billion barrels a year?
    According to the EIA, we import a little over 3 billion barrels a year.

    U.S. Imports of Crude Oil and Petroleum Products

    • "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
    According to the EIA, we import a little over 3 billion barrels a year.

    U.S. Imports of Crude Oil and Petroleum Products
    I know. So do you really think the Bakken reserve will solve our problem? Do you think they can get three billion bbls a year out of it. For three years? The Bakken is only a year or two of US 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 UtahBill View Post
    But "solutions" cannot be legislated or held to a timetable, and even when we find one, it tends to create new problems.

    The biggest problem, IMO, is the lack of concern by 300 million Americans. If we really wanted to, we could cut our usage to the point that OPEC members would be crapping themselves, and I mean right now.
    Making our cars get better fuel mileage only gives us an excuse to drive more. Problem NOT solved....
    Using our cars less is a better answer to the problem.

    Where are the leaders calling for 65 mph speed limits on the freeways? My 2000 Impala gets far better mpg than advertised, but it is how I drive it that makes the difference.
    Everything so far makes us use more. Ethanol that the government demands we use lowers MPG and cuts performance of a motor.

    The big truck I drove in 2004 went 74 miles an hour and got 7.5 miles per gallon today my big truck goes 65 and I struggle to get 5.5 miles per gallon. The government is the problem.

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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 years supply is that at current US consumption of 7 billion barrels a year?
    How can you say when the estimates are wrong. I see you believe the liberal policy it won't last very long so don't do it

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