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

  1. #391
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    Re: Oil rises above $90 amid US crude supply drop

    sure, THAT's the reason we're plumbing the bottom of the ocean for dinosaur deposits

    LOL!

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

    Quote Originally Posted by j-mac View Post
    What the hell are we doing?
    Thinking that we didn't pass peak oil in 1971 is what we are doing apparently.

    Check out the updated info about the Bakkens formation at SNOPES. It did not turn out to be the "big find" it was originally thought to be.

    The Bakkens formation is still yielding less than a half million barrels per day of oil as of February, 2011, while we import currently on average 10 millions barrels per day.

    snopes.com: Bakken Formation
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    sure, THAT's the reason we're plumbing the bottom of the ocean for dinosaur deposits

    LOL!

    Show me which year since 1971 that we produced more oil than we consumed funny man?
    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 Catawba View Post
    Thinking that we didn't pass peak oil in 1971 is what we are doing apparently.

    Check out the updated info about the Bakkens formation at SNOPES. It did not turn out to be the "big find" it was originally thought to be.

    The Bakkens formation is still yielding less than a half million barrels per day of oil as of February, 2011, while we import currently on average 10 millions barrels per day.

    snopes.com: Bakken Formation
    And most of those 10 million barrels a day is from Canada!

    Please, please, please re-elect Barack Obama so Canada can continue on its road to riches!!

  5. #395
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    I asked to make a point. I am aware we passed peak oil in this country in 1971. Apparently, some are not.

    Over the past 33 years mankind has consumed more than three times the world’s known oil reserves in 1976 – and today proven oil reserves are nearly double what they were before we started. The story with natural gas is even better – here and around the world enormous amounts of natural gas have been found. More will be found. But if you had asked in 1976 what the supply of oil would be like given the demand of 2010, you would have come up with the “Peak Oil” theory then, and we would have supposedly run out of oil decades ago; an ongoing impending crisis.

    I think the key to the argument of Peak Oil, is that it not only ignores the huge amounts of oil yet to be found, but other hydrocarbon fuels as well. Even if the “theory” holds water, which I argue on its face (or in your face, as some so delightedly pointed out), we will not be out of hydrocarbons and our cars stranded on the side of the road during this century. This is the perceived “crisis” of Peak Oil that tells us that declining production and increasing demand will cause a disruption in supply.

    But if we are to be limited in our driving, because of gasoline shortages, we can simply switch over to other alternatives and install a methane tank to convert over to natural gas, right now, today. Or switch to electric. How about fuel cells? Carry a kite or put up a sail. Limited driving due to shortages is the same as higher prices, and are not a crisis, unless the majority can no longer afford it.

    There will never be "no oil" in your lifetime, so relax, and discern the truth for yourself when you get the facts. If you are old enough to read this, your shiny car will have plenty of gasoline for your lifetime. You may not be able to afford it, but the world cannot possibly run out.

    Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 1) | Oil Price.com
    The Myth Of Peak Oil

    Paul Joseph Watson & Alex Jones | October 12 2005

    Peak oil is a scam designed to create artificial scarcity and jack up prices while giving the state an excuse to invade our lives and order us to sacrifice our hard-earned living standards.

    Publicly available CFR and Club of Rome strategy manuals from 30 years ago say that a global government needs to control the world population through neo-feudalism by creating artificial scarcity. Now that the social architects have de-industrialized the United States, they are going to blame our economic disintegration on lack of energy supplies.

    Globalization is all about consolidation. Now that the world economy has become so centralized through the Globalists operations, they are going to continue to consolidate and blame it on the West's "evil" overconsumption of fossil fuels, while at the same time blocking the development and integration of renewable clean technologies.

    In other words, Peak oil is a scam to create artificial scarcity and drive prices up. Meanwhile, alternative fuel technologies which have been around for decades are intentionally suppressed.

    The Myth Of Peak Oil

    global warming, peak oil....Man you libs believe anything don't you?


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

    Quote Originally Posted by j-mac View Post
    global warming, peak oil....Man you libs believe anything don't you?


    j-mac
    The intelligent conservatives believe it, too.


    Proven oil reserves in the United States are 21 billion barrels (3.310^9 m3)
    We consume 7 billion barrels a year. Do the math.
    Last edited by USA_1; 03-07-11 at 01:35 PM.
    "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
    The intelligent conservatives believe it, too.



    We consume 7 billion barrels a year. Do the math.

    So open up exploring. Why won't Obama do that?


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

    Alexis de Tocqueville

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

    for the same reason he wants to bankrupt electricals

    http://www.youtube.com/watch?v=Hdi4onAQBWQ

    he's a nut, just another michael moore

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

    Quote Originally Posted by j-mac View Post
    So open up exploring. Why won't Obama do that?


    j-mac
    Obama opens new oil drilling offshore in climate drive | Reuters
    "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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