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Oil rises above $90 amid US crude supply drop

USA_1 said:
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.
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First of all, your estimates could be far lower than what is actually there and recoverable because we can't explore thanks to Obama. Second you base your base insult on using only the oil found in Bakken alone.

You seem to want all kinds of alternatives in energy, and move towards ending our supply of current energy without having replacements tested, or anywhere near in place, yet you call me the 'extremists' .... That's a good one.


j-mac
 
UtahBill said:
we could always sell them weapons, I suppose.
Balance of trade is not the important issue.
A lot of the money we spend buying their oil ends up supporting terrorism.
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Absolutely, so we should drill our own, work more with our friendly neighbors like Canada, and cut them off.

j-mac
 
j-mac said:
First of all, your estimates could be far lower than what is actually there and recoverable because we can't explore thanks to Obama. Second you base your base insult on using only the oil found in Bakken alone.

You seem to want all kinds of alternatives in energy, and move towards ending our supply of current energy without having replacements tested, or anywhere near in place, yet you call me the 'extremists' .... That's a good one.


j-mac
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How much oil is in the Bakken?
 
UtahBill said:
we could always sell them weapons, I suppose.
Balance of trade is not the important issue.
A lot of the money we spend buying their oil ends up supporting terrorism.
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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
 
j-mac said:
First of all, your estimates could be far lower than what is actually there and recoverable because we can't explore thanks to Obama. Second you base your base insult on using only the oil found in Bakken alone.

You seem to want all kinds of alternatives in energy, and move towards ending our supply of current energy without having replacements tested, or anywhere near in place, yet you call me the 'extremists' .... That's a good one.


j-mac
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Are you actually stating that exploration of the Bakken has stopped?
Really?
What is your estimate of reserves in the Bakken?
 
j-mac said:
Absolutely, so we should drill our own, work more with our friendly neighbors like Canada, and cut them off.

j-mac
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How many drilling rigs are standing idle because there is no place to drill?
 
USA_1 said:
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.
Click to expand...

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.
 
Gill said:
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.
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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.
 
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USA_1 said:
How many drilling rigs are standing idle because there is no place to drill?
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No place to drill? You make me laugh....How about no place that Obama will let them drill.


j-mac
 
j-mac said:
No place to drill? You make me laugh....How about no place that Obama will let them drill.


j-mac
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Thats precisely the problem, we need to drill right here and get that stuff out of the ground....liberals should be for that also
 
USA_1 said:
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.
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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.
 
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
 
j-mac said:
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
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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.
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Gill said:
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.
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I think increasing domestic production is a great thing. As long as it's done safely and with minimal impact on the environment.
What I don't like is politicians and their pundits lying to Americans by claiming we can solve our energy problems by drilling more in the US. The truth is we are screwed.
 
j-mac said:
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
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The moratorium has been lifted. You should stop lying.
 
j-mac said:
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
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Obama administration lifts deep-water drilling moratorium - CNN
 
j-mac said:
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
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I wasn't referring to the spill. Showing what impact offshore drilling has on our energy dependence.
 
USA_1 said:
I think increasing domestic production is a great thing. As long as it's done safely and with minimal impact on the environment.
What I don't like is politicians and their pundits lying to Americans by claiming we can solve our energy problems by drilling more in the US. The truth is we are screwed.
Click to expand...

Don't recall hearing anyone saying we could "solve" our energy problem by drilling domestically, but a lot have been saying we could "improve" our energy situation if only we were allowed to drill oil from our own resources.
 
USA_1 said:
Obama administration lifts deep-water drilling moratorium - CNN
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Look Dude, there has been NO new permits issued since the gulf spill moratorium. I don't know what you are trying to pull here, but it is quite transparent, and dishonest.

The Obama administration issued the first new deep-water drilling permit for the Gulf of Mexico since the BP oil spill, stoking cautious optimism Monday among some industry executives and Gulf Coast politicians about local oil and gas exploration.

snip

In mid-February, U.S. District Judge Martin Feldman ruled in Louisiana that the Interior Department had to act on drilling applications "within a reasonable time" and that delays had grown "increasingly inexcusable." The Republican-led House has promised to grill Interior Department officials about the delays at several hearings over the next few weeks.

First deep-water drilling permit issued for gulf since BP oil spill - Los Angeles Times
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One permit, ONE! and that one was only due to pressure from the courts. Don't be ridiculous.


j-mac
 
BWG said:
Obama stopping drilling? According to articles there's 362 more rigs drilling for oil than last year (12 for the week).
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GAWD, you guy's just can't help but be dishonest can you? From your own link....


The number of rigs currently drilling for gas is 61 less than last year's level of 941.
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Next!


j-mac
 
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