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

  1. #381
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Barbarian View Post
    Thats just great, now if they begin the permitting process today, why they should get it by 2014, then take another 3 to 5 years to build it... so you should see the first new nuclear power plant online by about 2018.
    Are you opposed to nuclear power?.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by j-mac View Post
    Here we go on our way to another manufactured crisis from Obama, and the radical leftist in this country.

    I hope we last two more years.


    j-mac
    This may be the most idioc post I've ever seen, except for all the posts by Conservative.

    Lybia (about #5 on the proven reserves list) is borderline civil war and this is something that was manufactured by Obama? What's the matter, you think that we should invade?

  3. #383
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Erod View Post
    We are the laughingstock of the world. We're sitting on more oil than probably any country in the world, and yet, we won't use our OWN resources.

    Stupid.
    Nope. Proven reserves in the US put us at about #12 on the list. About %2 of the world's total.

    We should use our own resources to develop sources of energy that don't make us susceptible to some idiots in other countries and quit the wishful thinking that all we have to do so solve our problems is to poke more holes in the ground.

  4. #384
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Barbarian View Post
    Thats just great, now if they begin the permitting process today, why they should get it by 2014, then take another 3 to 5 years to build it... so you should see the first new nuclear power plant online by about 2018.
    Again, electricity is not a big issue. We have many ways to make it, and it is very easy to conserve it. Just tell people that they must turn off all non-essential loads or face rolling outages. So 2018 is fine...
    Oil is the issue, it is our primary transportation fuel, hardly any of it is used to make electricity.
    And too many people feel they NEED to go to the store several times a week, sometimes to only window shop, without considering how much they just spent on gasoline for that trip to the store.
    I worked on cars for part time money back in the mid 70's. When I see a car putting out black smoke, that means the air filter is really clogged, or the carburetor needs rebuilt. The car is burning rich. So I tell them about it, and some of them just ignored me.

    Some people just don't care about wasting money burning excessive amounts of fuel while polluting the air.
    It makes no sense...
    Oracle of Utah
    Truth rings hollow in empty heads.

  5. #385
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by zip98053 View Post
    This may be the most idioc post I've ever seen, except for all the posts by Conservative.

    Lybia (about #5 on the proven reserves list) is borderline civil war and this is something that was manufactured by Obama? What's the matter, you think that we should invade?
    First by definition when you have rebels fighting the current Government it is a Cinil War.

    From my perspective what Obama has done if fail to act to help the Rebels which is stupid, and he has done nothing to end the shoratage speculation that it driving the prices up.

    Obama could open every proven oil reserve location we know we have and the prices would stabilize over night.

    So Obama has contributed to the problem and it is line with all the mistakes he has made on the economy because he is an amateur at everything he does.

  6. #386
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Are you opposed to nuclear power?.
    not at all .. been all for it for years

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

    Quote Originally Posted by UtahBill View Post
    even the Sierra Club has come around in favor of nuclear
    a stunning reversal

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

    Quote Originally Posted by Catawba View Post
    Why do you think they are trying to drill at 2000 ft under the sea?
    you have to ask?

    LOL!

  9. #389
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    Re: Oil rises above $90 amid US crude supply drop

    Here's an interesting read

    Also if I may add, about 6 months ago I was watching a news program on oil and one of the Forbes Bros. was the guest. This is out of context, but this is the actual question as asked. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer, how much oil does the U.S. have in the ground." Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.




    The U. S. Geological Service issued a report in April ('08) that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota ; western South Dakota ; and extreme eastern Montana .... check THIS out:

    The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

    'When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea..' says Terry Johnson, the Montana Legislature's financial analyst.

    'This sizable find is now the highest-producing onshore oil field found in the past 56 years' reports, The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' And it stretches from Northern Montana, through North Dakota and into Canada . For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago.. However, a recent technological breakthrough has opened up the Bakken's massive reserves.... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

    That's enough crude to fully fuel the American economy for 2041 years straight.
    THAT'S RIGHT. 2,041 YEARS STRAIGHT!!!!
    2. And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO!

    U. S. Oil Discovery- Largest Reserve in the World!
    Stansberry Report Online - 4/20/2006

    Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?

    They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:

    - 8-times as much oil as Saudi Arabia
    - 18-times as much oil as Iraq
    - 21-times as much oil as Kuwait
    - 22-times as much oil as Iran
    - 500-times as much oil as Yemen
    - and it's all right here in the Western United States .

    How Much Oil Does the US Have in the Ground??? - Patriot Action Network

    What the hell are we doing?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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  10. #390
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    you have to ask?

    LOL!
    I asked to make a point. I am aware we passed peak oil in this country in 1971. Apparently, some are not.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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