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Oil rises above $90 amid US crude supply drop

I'm sure gas prices vary in Mexico just as they do here. I posted the national average price.

Are you sure you used the correct currency value and converted from liters to gallons properly ??

By the way, did you go fishing there? I caught two fantastic Pacific Sailfish (9 footers) the last time I was there.

We were on a cruise, Disney ship, 13 of us.....now we are broke...:lol:
 
Yep, which is why we must take the presidency and Senate in 2012.

Americans are overwhelmingly frustrated that we don't go after our own oil reserves.

you must have more faith in the GOP than me.....
 
This is typican instant gratification republican thinking. Live for today, pollute the environment, use up all our resources and don't worry about it. Our kids will solve the problems. 100 years from now we will be riding horses again if we haven't eaten them all.

No, no, no. Read it again.

I don't worry about it because I have full faith in American ingenuity and resolve. We're working on it right now, probably at a level and pace that would dumbfound us both. There's government, then there's what's happening behind government.
 
you must have more faith in the GOP than me.....

They didn't increase domestic production from '01 to '06, why would they do it if they get into power again?
US production fell when the GOP was in control. Gas prices skyrocketed and oil company profits soared. Yeah lets get the GOP back into power.
 
you must have more faith in the GOP than me.....

I have more faith in American people, and the people are awake now, much to the chagrin of both parties. Washington is being scrutinized bigtime by real people, not just a media that has its own skin in the game.

Just look at this forum. This wasn't happening even in the coffee shops or by the water coolers 15 years ago. We're paying attention now, and there's hell to pay.
 
No, no, no. Read it again.

I don't worry about it because I have full faith in American ingenuity and resolve. We're working on it right now, probably at a level and pace that would dumbfound us both. There's government, then there's what's happening behind government.

Some problems can not be solved. Cheap abundant energy is most likely one of them. It's the same people of faith that got us into this mess.
 
I have more faith in American people, and the people are awake now, much to the chagrin of both parties. Washington is being scrutinized bigtime by real people, not just a media that has its own skin in the game.

Just look at this forum. This wasn't happening even in the coffee shops or by the water coolers 15 years ago. We're paying attention now, and there's hell to pay.

You really do live in a fantasy world. Keep the faith.
 
Some problems can not be solved. Cheap abundant energy is most likely one of them. It's the same people of faith that got us into this mess.

Like I said, we'll handle it. This is far from our biggest problem in all this. Our dependence on third-worlders is far more disturbing to me than solving the next energy solution.

You know what's scary? Imagine this.

We solve the energy problem altogether. There is now almost no need for oil other than plastics and whatnot. Our need is reduced to a million barrels a year.

What's the middle east look like now? Ever watch 100 billion people starve to death?
 
No, I've heard varying opinions like everybody. The problem is, it's such a politically charged issue, that you can find someone to support what you want the answer to be no matter what.

Here's one (by MSNBC, no less) that says we have 122 years left.

World oil supply still plentiful, study shows - Business - Oil & energy - msnbc.com

Here's one that says there are huge amounts that we haven't even located yet.

Not

The fact is, no one knows for sure. Right now, we have so little idea of what is below the first couple of miles of the earth's crust, it's impossilble to make any real calculations.

Here is a comic from the 70's that said we were going to run out in 1986

Peak Oil Message
 
You people just don't get it.

Yeah, I get it:

Researchers in California, Oregon and Washington noticed specks of sulfur compounds, carbon and other byproducts of coal combustion coating the silvery surfaces of their mountaintop detectors. These microscopic particles can work their way deep into the lungs, contributing to respiratory damage, heart disease and cancer.

Filters near Lake Tahoe in the mountains of eastern California "are the darkest that we've seen" outside smoggy urban areas, said Steven S. Cliff, an atmospheric scientist at the University of California at Davis.

Unless China finds a way to clean up its coal plants and the thousands of factories that burn coal, pollution will soar both at home and abroad. The increase in global-warming gases from China's coal use will probably exceed that for all industrialized countries combined over the next 25 years, surpassing by five times the reduction in such emissions that the Kyoto Protocol seeks.

http://www.nytimes.com/2006/06/11/business/worldbusiness/11chinacoal.html

What the Cristal Rose and truffle crowd doesn't get is global problems require global solutions, not solutions that place our country at a competitive disadvantage when we already have 9% unemployment while sending American workers into penury because they can't pay a ****ing light bill.
 
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Why didn't the republicans do something? They had 6 years of total control. The truth is the oil companies are happy with the way things are. They like shortages and huge profits.
Using our own reserves up even faster will not solve anything.

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
 
The Bakken is 8 months suppy at current US consumption. It's 3.6 billion barrels and we consume 7 billion barrels a year. Do the math.
You people just don't get it.

A few years ago they said the oil would be hard to get.

Etimates are often wrong

The Bakken factor: Could this oil reserve become that reliable bridge to a sustainable energy future? | Editorial | Chron.com - Houston Chronicle

The news may not rate with a No. 1 ranking in the college football polls, but residents of North Dakota have reason — make that 11 billion reasons — to have their own celebration in this new year.

Eleven billion barrels is the latest estimate of reserves in the state's share of the Bakken Formation, which extends for some 25,000 square miles from Canada down into Montana, Wyoming and the Dakotas. Increasingly, the Bakken is being viewed as a major oil resource in the United States.

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.
 
Like I said, we'll handle it. This is far from our biggest problem in all this. Our dependence on third-worlders is far more disturbing to me than solving the next energy solution.

You know what's scary? Imagine this.

We solve the energy problem altogether. There is now almost no need for oil other than plastics and whatnot. Our need is reduced to a million barrels a year.

What's the middle east look like now? Ever watch 100 billion people starve to death?
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.
 
the solution---omnibus energy, national mobilization (like fdr in ww2), emergency footing

oil, offshore, anwr, refineries, electrical power plants, clean coal, natural gas, nukes, wind, solar, tidal, butterfly wings, shale, batteries, electric cars, public investment in, tax breaks for, r&d...

anything that could conceivably return to the american economy POWER

energy is a guaranteed worldwide critical shortage for at least the next 50 years, he who produces power will have the entire planet at his well grounded feet

this is a JOBS initiative, these are great JOBS we're talkin---professional, productive, secure, with room for growth, benefits, retirements, health care...

this nation is emotionally and psychologically more than ready, it's chomping at the bit to channel its energies into initiatives holding promise to rescue this once great usa

the american people will react to leadership's call with the enthusiasm mustered by fdr in our last national emergency

the solution---omnibus energy, national mobilization, war footing

JOBS!
 
the solution---omnibus energy, national mobilization (like fdr in ww2), emergency footing

oil, offshore, anwr, refineries, electrical power plants, clean coal, natural gas, nukes, wind, solar, tidal, butterfly wings, shale, batteries, electric cars, public investment in, tax breaks for, r&d...

anything that could conceivably return to the american economy POWER

energy is a guaranteed worldwide critical shortage for at least the next 50 years, he who produces power will have the entire planet at his well grounded feet

this is a JOBS initiative, these are great JOBS we're talkin---professional, productive, secure, with room for growth, benefits, retirements, health care...

this nation is emotionally and psychologically more than ready, it's chomping at the bit to channel its energies into initiatives holding promise to rescue this once great usa

the american people will react to leadership's call with the enthusiasm mustered by fdr in our last national emergency

the solution---omnibus energy, national mobilization, war footing

JOBS!

So much for free markets.
 
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?
 
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.
 
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. :wink:
 
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.
 
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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