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Author Topic: "the world had decades' worth of oil to come"  (Read 1383 times)

Offline Ripsnort

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"the world had decades' worth of oil to come"
« on: September 28, 2005, 09:39:11 AM »
http://news.independent.co.uk/business/news/article315546.ece

According to Saudi's and Exxon. Also, oil reserves are double of what was previously reported. (shrugs)
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Offline Gunslinger

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"the world had decades' worth of oil to come"
« Reply #1 on: September 28, 2005, 09:42:43 AM »
If I didn't know better I would say that their announcment of having more oil is an attempt to overshadow that they are in fact running out of oil.

BUT,

From what I've read this planet is swimming in oil......the problem is getting it out of the ground.
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Offline Nilsen

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"the world had decades' worth of oil to come"
« Reply #2 on: September 28, 2005, 09:56:55 AM »
Quote
Originally posted by Gunslinger
From what I've read this planet is swimming in oil......the problem is getting it out of the ground.


Or if we really should take it all out and use it ;)
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Offline Curval

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"the world had decades' worth of oil to come"
« Reply #3 on: September 28, 2005, 09:59:00 AM »
Quote
Originally posted by Gunslinger
....the problem is getting it out of the ground.


at a reasonable cost.
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Offline FiLtH

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"the world had decades' worth of oil to come"
« Reply #4 on: September 28, 2005, 10:02:46 AM »
The good news is, after a few billion years..we will be the new oil!
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Offline midnight Target

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"the world had decades' worth of oil to come"
« Reply #5 on: September 28, 2005, 10:04:44 AM »
The problem isn't the lack of oil, it is a lack of refineries. We can barely keep up with demand now. Kinda why prices are so high.
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Offline Ripsnort

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"the world had decades' worth of oil to come"
« Reply #6 on: September 28, 2005, 10:07:35 AM »
Quote
Originally posted by midnight Target
The problem isn't the lack of oil, it is a lack of refineries. We can barely keep up with demand now. Kinda why prices are so high.


Why did we stop building refineries? Was this some sort of oil company conspiracy to control supply and demand?
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Offline john9001

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"the world had decades' worth of oil to come"
« Reply #7 on: September 28, 2005, 10:29:51 AM »
Quote
Originally posted by Ripsnort
Why did we stop building refineries? Was this some sort of oil company conspiracy to control supply and demand?


cause refineries are dirty an stinky an pollute the earth an nobody want them in their back yard.
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Offline Gunslinger

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"the world had decades' worth of oil to come"
« Reply #8 on: September 28, 2005, 10:32:35 AM »
Quote
Originally posted by john9001
cause refineries are dirty an stinky an pollute the earth an nobody want them in their back yard.


and oil companys make less money when there is more capacity.
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Offline Godzilla

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"the world had decades' worth of oil to come"
« Reply #9 on: September 28, 2005, 10:45:04 AM »
There was a report I read that was released this month. I forget which company released the report, but it was a major oil exploration company.

The report estimates that Colorado, Utah and another state alone ( I forget the 3rd state) have almost twice as much oil as Saudi Arabia.
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Offline Ripsnort

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"the world had decades' worth of oil to come"
« Reply #10 on: September 28, 2005, 10:47:53 AM »
Quote
Originally posted by Godzilla
There was a report I read that was released this month. I forget which company released the report, but it was a major oil exploration company.

The report estimates that Colorado, Utah and another state alone ( I forget the 3rd state) have almost twice as much oil as Saudi Arabia.


Was that "Oil Shale"? If so, there is a controversy whether or not its worth the energy to extract it...obviously with the prices as what they are today, that controversy might be over!
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Offline Godzilla

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"the world had decades' worth of oil to come"
« Reply #11 on: September 28, 2005, 11:17:25 AM »
no, it was oil.

*edit* Rip, I don't remember now that I think about it, so it could have been shale. I remember report said that the US had more of it than any other country.

I'd bet we have plenty of oil though, we're just going to buy everyone elses while we can.
« Last Edit: September 28, 2005, 11:25:50 AM by Godzilla »
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Offline Ripsnort

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"the world had decades' worth of oil to come"
« Reply #12 on: September 28, 2005, 11:25:56 AM »
Quote
Originally posted by Godzilla
no, it was oil.


I read that Canada has the worlds 2nd largest oil fields untapped in the world. Lets invade Canada! :D
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Offline Mickey1992

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"the world had decades' worth of oil to come"
« Reply #13 on: September 28, 2005, 12:47:48 PM »
Unrelated to topic but related to oil.

What happens to the void that is created when all of this oil is drawn out of the ground?  It is filled with water naturally or by man?  It is just a hole in the earth?  If so are there ever cave-ins?  

Or is it so deep under the surface that it doesn't matter?
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Offline Jackal1

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"the world had decades' worth of oil to come"
« Reply #14 on: September 28, 2005, 12:52:19 PM »
Quote
Originally posted by Ripsnort
Lets invade Canada! :D


If we invade Canada it will be to confiscate the beer, not oil.
We may have to go on horseback, but it will be for the beeeeeeeeer. Mmmmmmmmmmm :)
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