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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 USA_1 View Post
    Change would be negligible. Everyone knows how much oil we have and it's not that much. Do you honestly believe the US is not exploring our own resources? Nobody is that dumb, are they?
    The way China is going they are not fine.

    Our problem is we use too much oil.
    You are in direct opposition to what the experts say.

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

    Quote Originally Posted by USA_1 View Post
    It's our oil? Really?
    Did you know that US oil companies drill all over the world?
    Yeah, and they don't pay a penny to the countries they are drilling in right ????

    • "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 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.
    Estimate that could be wrong

    About Oil Shale

    While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years1.

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

    How many US drilling rigs are sitting idle right now because they have no place to drill?
    "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
    Estimate that could be wrong

    About Oil Shale

    While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years1.
    You do know oil shale is not oil, right?

    You must heat two metric tons of shale to 700 degrees to produce one bbl of low grade synthetic crude and it takes three bbls of water to produce it.


    Coal liquification and compressed natural gas are much more promising than oil shale.
    Last edited by USA_1; 03-28-11 at 05:47 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
    You do know oil shale is not oil, right?

    You must heat two metric tons of shale to 700 degrees to produce one bbl of low grade synthetic crude and it takes three bbls of water to produce it.


    Coal liquification and compressed natural gas are much more promising than oil shale.

    Is there a shortage of heat, or water?


    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 US drilling rigs are sitting idle right now because they have no place to drill?
    None, they all left for places they could drill, but they aren't here either.


    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
    None, they all left for places they could drill, but they aren't here either.


    j-mac
    Right. They are all drilling for oil to add to the global market. And it proves there are still plenty of places to drill. Your arguments are a bunch of crap.

    http://www.wtrg.com/rotaryrigs.html

    There are 362 more rigs targeting oil than last year. Year-over-year oil exploration in the U.S. is up 74.0 percent
    Last edited by USA_1; 03-28-11 at 06:11 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
    Weapons are about the only thing we do sell them. Balance of trade is the most important issue. They are growing wealth while we are losing it. w
    our balance of trade with arab oil nations should be zero to zero.....
    Oracle of Utah
    Truth rings hollow in empty heads.

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

    Quote Originally Posted by j-mac View Post
    It's all energy is it not?


    is not natural gas drilling a by product of oil drilling?

    j-mac
    Natural gas is the ONLY alternative to oil based transportation fuels.....
    Oracle of Utah
    Truth rings hollow in empty heads.

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