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

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

    Quote Originally Posted by j-mac View Post
    Absolutely, so we should drill our own, work more with our friendly neighbors like Canada, and cut them off.

    j-mac
    How many drilling rigs are standing idle because there is no place to drill?
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    The highest estimate of recoverable reserves in the Bakken is 24 billion barrels. Since we use 7 billion barrels a year how does that give us centuries of oil?
    You right wing extremists, living in a world of faith, devoid of all reality are the re reason we are in this energy mess.
    True, but we only import about half of our usage. Bakken oil still won't last forever, but it gets tiring hearing the same old BS from libs every time a new oil discovery is touted. So what if it won't totally supply all our needs ?? If it reduces our imports, that's a good thing.

    We heard the same crap about drilling in ANWR. The more we recover domestically, the less we import from enemy states like Venezuela and most of the Arab countries.

    • "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
    True, but we only import about half of our usage. Bakken oil still won't last forever, but it gets tiring hearing the same old BS from libs every time a new oil discovery is touted. So what if it won't totally supply all our needs ?? If it reduces our imports, that's a good thing.

    We heard the same crap about drilling in ANWR. The more we recover domestically, the less we import from enemy states like Venezuela and most of the Arab countries.
    Whats tiring is to listen to right wing extremists claim we can drill our way to energy independence. We do not have the oil reserves to do it no matter how much faith you have. ANWR has less than two years supply of oil at current consumption. How is that going to help?

    We use 7 billion bbls a year. We can not pump that much out of the US.
    Last edited by USA_1; 03-28-11 at 12:13 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
    How much oil is in the Bakken?

    the site Geology.com estimates the combined reserves known at this time to be around 20 billion barrels.

    So?

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

    Quote Originally Posted by USA_1 View Post
    How many drilling rigs are standing idle because there is no place to drill?
    No place to drill? You make me laugh....How about no place that Obama will let them drill.


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

    Quote Originally Posted by j-mac View Post
    No place to drill? You make me laugh....How about no place that Obama will let them drill.


    j-mac

    Thats precisely the problem, we need to drill right here and get that stuff out of the ground....liberals should be for that also

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

    Quote Originally Posted by USA_1 View Post
    Whats tiring is to listen to right wing extremists claim we can drill our way to energy independence. We do not have the oil reserves to do it no matter how much faith you have. ANWR has less than two years supply of oil at current consumption. How is that going to help?

    We use 7 billion bbls a year. We can not pump that much out of the US.
    Maybe you should try actually reading what I posted instead of foaming at the mouth. If you did, you might find that I was agreeing with much of what you said.

    ONCE MORE, why do you, and most of your liberal buddies, think that inceasing the supply of domestic oil is a bad thing. NO ONE is claiming that ALL of our usage can be domestic, BUT each additional barrel of oil we produce is one less we have to import.

    • "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

    According to U.S. Imports from Saudi Arabia of Crude Oil (Thousand Barrels)

    our energy import from SA is down over the past decade.

    We only import from SA some 360,000 barrels a year. Is that right?

    If so why wouldn't increased drilling here be able to ween us off getting oil from our enemies?

    Also, why is Obama not allowing US companies back in the Gulf, yet giving billions to Brazil so they can get it and sell it back to us?

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

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

    Quote Originally Posted by j-mac View Post
    According to U.S. Imports from Saudi Arabia of Crude Oil (Thousand Barrels)

    our energy import from SA is down over the past decade.

    We only import from SA some 360,000 barrels a year. Is that right?

    If so why wouldn't increased drilling here be able to ween us off getting oil from our enemies?

    Also, why is Obama not allowing US companies back in the Gulf, yet giving billions to Brazil so they can get it and sell it back to us?

    j-mac
    They are being allowed back in the gulf.

    Facts and Myths About Offshore Oil
    Finally, we must also address the flow rate of any new domestic oil. True "energy independence" would mean producing 18 to 20 mbpd, not the roughly 5.5 mbpd we are producing today. Could we do that?

    Through drilling alone, the answer is "not even close." In total, I estimate that if all limits on drilling were removed, including the OCS and ANWR, we could only increase US oil production by a maximum of 2-3 mbpd. That new production would come online slowly, and the additional flow would be hardly noticeable as it compensated for the loss in conventional oil production due to sheer depletion. If it lowered prices at all, it would be by a few pennies per gallon, at best.
    Last edited by USA_1; 03-28-11 at 12:23 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
    They are being allowed back in the gulf.

    Facts and Myths About Offshore Oil
    Really? How many permits have been issued? Your article is before the spill in the Gulf....You did this once before...Now either be honest, or withdraw.



    j-mac
    Last edited by j-mac; 03-28-11 at 12:24 PM.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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