400 Years of Oil in The U.S.
By ParaTed2k
@ParaTed2k (22940)
Sheboygan, Wisconsin
April 14, 2008 3:49pm CST
That's right folks, 400 years worth.. and none of it coming for outside the US. In fact, all of it coming from 3 Western States.
Shale oil used to be be considered unfeasible because of the high cost of extraction. However, new technology developed in Canada has removed that barrier.
The only barriers now? Environmentalists who seem to have an interest in keeping the U.S. dependant on foreign oil.
If you ask me, one of the biggest causes of high prices at the pump, is environmental wackos costing us millions and bankrolling terrorist nations.
Of coarse, I'm not saying that the environment should be destroyed, but there are ways to get oil without polluting. So, if we don't do it, we are causing more harm than good.
There is no oil shortage folks, just a shortage of common sense when it comes to energy policies balanced with ecologic need.
http://www.petroprobe.com/index.php?sc=3
2 people like this
8 responses
@morethanamolehill (1586)
• United States
18 Apr 08
It's simple, This is The United States of freakin America. We should be EXPORTING oil, not importing it from tin horn dictators in SA and Arabs that hate us and think that their religion is the only option.
3 people like this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
21 Apr 08
Ah, yeah I did miss your point. I agree with you then.
1 person likes this
@morethanamolehill (1586)
• United States
20 Apr 08
I know what you are saying (even though, i don't mknow why we would be exporting oil while we are importing it) But what I meant was that we should be exporting our surplus, Over and above what we use. IOW we should be selling it not buying it.
2 people like this
@alexwander (170)
• Canada
16 Apr 08
There are also huge reserve in Bakken. Some part of North Dakota benefited from the oil boom until early 80's. Then it ceased operation and many boom towns became ghost towns. Been there and saw some towns with a population of 75. Saw a National Geography article about the abandoned ghost towns in North Dakota. Spooky. Let them pump some oil there so they can realize the American Dream.
@ladyluna (7004)
• United States
18 Apr 08
Excellent point, Alexwander!
Indicentally, one of the largest revenue sources of N. & S. Dakota is oil.
Though, Bakken is sand-oil reserves, not shale-oil, like is located in Co, Utah, and Wyoming. With sand-oil, simple hydro-fracking enables drillers to access the oil that was unobtainable when Bakken was first identified as a huge oil deposit, back in the 1950s.
One of my personal favorite investments is a medium-small Oil company who has invested big bucks into mineral rights in Bakken. The industry sector is exploding -- everyday, on new oil news. Yesterday, was word about Brazil's new record-setting discovery. Yet ... the per barrel price continues to go up. Grrrr! The company that I'm betting on, in the horse race called Bakken, claims that it will soon be able to extract sand-oil for $3 per barrel (just extraction cost).
So, with all this positive news out of the sector, why does the per barrel price continue to rise? The Commodities Market, that's why. Grrrrrr!!!!
@ParaTed2k (22940)
• Sheboygan, Wisconsin
18 Apr 08
Apparently Ghost towns are good for the environment. :~D
1 person likes this
@flowerchilde (12529)
• United States
15 Apr 08
..here's another weird but true fact, using corn or grains for fuel is making more deaths from starvation (and anger at us) cause now fewer can afford our grains.. it's also why our domestic grocery bills have tripled(? I heard) in the last two years.. Eggs, for example.. chickens need corn.. But hey! The subsidy of this gets votes.. the all important... vote.
- Also, Cuba gave us rights to drill between Florida and Cuba, but of course we can't, so maybe (it's in the works) China will drill it instead with their third world oil drilling capabilities.. all part of the "brave new world"...
2 people like this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
15 Apr 08
Yup, for some reason, to the environmentalist wackos, the only country that shouldn't be drilling is the US.
2 people like this
@gewcew23 (8007)
• United States
18 Apr 08
I am sick and tried of everyone so scared that we might hurt the envionment. We cannot cut down at tree without endagering some bird. We cannot build a new factory because of some rare mouse. All because of some caribou we cannot pipe out the crude oil. I forgot the frozen tundra, what is the big deal with the frozen tundra. I could careless about some forzen grass, I want cheap gas. Same thing could be said about oil refinaries. We need gas, so let pump it and let refine it, screw the enviroment.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
18 Apr 08
But that's the great thing about this... energy without screwing the environment.
1 person likes this
@ladyluna (7004)
• United States
18 Apr 08
Hello ParaTed,
Yup, you're right. Shale-oil is a viable product now. Though, we'll see Dakota's Bakken pumping sand-oil before we'll see voluminous shale oil pumped. It's simple economics -- sand oil can be extracted a lot less expensively!
Anyway, your point is more than sound! Though, I would point the finger of oil inflation more specifically at the commodities traders, even more than the Sierra Club. Although, there's plenty of blame to go around to all of those who have manipulated our economy into the shaky position that it now finds itself.
Still, if we want to see oil prices return to the supply & demand model, then we have to get it off of the craps table. As long as day traders can gamble up the cost of tomorrow's oil futures, for a personal profit, then we will see the commodity of oil hover above the supply & demand model.
2 people like this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
18 Apr 08
Actually, the price has just recently caught up with inflation. Since the 70s, the price of gasoline has been below the rate of inflation. The price of crude has been below $20/barrel a few times in the last 2 decades.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
18 Apr 08
Even funnier than that!
They don't care if Mexico, Venezuela and Cuba drill in the Gulf of Mexico. Then they are ok with the US buying the oil drilled. Just as long as the US doesn't drill it. lol
@olivebranch56 (910)
• United States
14 Apr 08
Our government has been paying people for years not to use technology that would make things easier for us working class. Why? Special interest groups. I agree with you, we have the oil, and the means to bring it to the pumps, will we see it? NO! It would anger people who have no interest in having lower oil prices, food prices etc. In other words, the rich wouldn't get richer.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
14 Apr 08
No, the rich would get richer if the oil could be used.
Let's not make a class warfare case where there is none.
I'm also a little skeptical about the "suppression" thing. It definitely used to happen, but now it's almost impossible to suppress something... unless the inventors play along with the suppression.
Notice though, I said skeptical, not out and out denying.
@motorheadbanger (441)
• United States
14 Apr 08
The only thing I have a problem with is the fact that people will ignore looking for other alternative fuel sources. we should focus on it now, while we continue the oil age.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
14 Apr 08
If you could name any alternatives that have the same bang for the buck as oil, I'd agree with you.
1 person likes this
