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Author Topic: U.S. Oil  (Read 1729 times)

Offline john9001

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Re: U.S. Oil
« Reply #15 on: March 31, 2009, 03:50:04 PM »
"another fuel source ",    well we are waiting.
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Offline Stixx

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Re: U.S. Oil
« Reply #16 on: March 31, 2009, 06:58:42 PM »
I've heard about this before, there are two big drawbacks though.

1.) The cost effectiveness of extracting the oil. When gas hits $5.00 a gallon it would be more  cost effective to tap into these reserves. At the current rate of approx $2.00 per gallon there is no profit, hence no incentive, to go after these reserves.

2.) There are the environmentalists to contend with. They have the, "not in my back yard attitude," that pretty much kills the profitability of extracting this reserve as it would cost too much to deal with their incessant lawsuits, injunctions, and of course the endless court appeals that could drag on for years.

If and or when foreign oil reserves begin to dry up, and the price of gas skyrockets to the $7.00 per gallon mark, maybe there will be enough public support to squelch the outcry of the environmentalists, and get down to the business of securing our future.

Then again, by that time, alternative fuel sources could break through the technological barrier to profitability making this whole discussion moot. Realistically I don't see that happening within the next twenty five years.

Just my 2 cents worth.

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The three most common expressions (or famous last words) in military aviation are:'Did you feel that?' 'What's that noise?' and'Oh S...!'
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Offline Eagler

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Re: U.S. Oil
« Reply #17 on: March 31, 2009, 07:03:59 PM »
don't worry comrade, your new bike has been ordered..



your new 15k gov job will be close enough for you to pedal to - rain or shine

now repeat after me:

"Oil is evil ... green is good..."
"Capitalism is evil ... socialism is good..."
"Private industry is evil ... government is good........
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Offline avionix

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Re: U.S. Oil
« Reply #18 on: March 31, 2009, 07:08:55 PM »
Quote from: Eagler on March 31, 2009, 07:03:59 PM
don't worry comrade, your new bike has been ordered..

(Image removed from quote.)

your new 15k gov job will be close enough for you to pedal to - rain or shine

now repeat after me:

"Oil is evil ... green is good..."
"Capitalism is evil ... socialism is good..."
"Private industry is evil ... government is good........

If it weren't so true, I would laugh.
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Offline Stixx

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Re: U.S. Oil
« Reply #19 on: March 31, 2009, 08:23:13 PM »
Quote from: Eagler on March 31, 2009, 07:03:59 PM
don't worry comrade, your new bike has been ordered..

(Image removed from quote.)

your new 15k gov job will be close enough for you to pedal to - rain or shine

now repeat after me:

"Oil is evil ... green is good..."
"Capitalism is evil ... socialism is good..."
"Private industry is evil ... government is good........

It's a shame that the way things are going, this is what we're coming to. It's so much easier to blame someone, or something, else for our shortcomings. Many expect, and want, the government to take a more active interest in their lives. That way they have a readily available scapegoat for when things don't go exactly as they wanted them to.
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The three most common expressions (or famous last words) in military aviation are:'Did you feel that?' 'What's that noise?' and'Oh S...!'
-Authors Unknown-

Offline Wingnutt

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Re: U.S. Oil
« Reply #20 on: March 31, 2009, 08:57:01 PM »
we were discussing this at work today, and sombody said "yea its there, but it would be a pain in the bellybutton to get that oil, its probably not worth the trouble, and not econimical"

 and someone else shot back:

 "a bigger pain in the bellybutton than what happens when you buy it from people who hate you and used the money they make off it to try and kill you? Less economical than trying to prop up an entire country so you can reliably buy it from them?  more trouble than.. dieing?"

Good points.

I say DRILL..  yea yea we need to look at alternative energies.. but that isnt something that is going to be a flip of the switch.. its going to take decades to fully get spun up and implement.. yea we have the technology NOW.. but not the infrastructure to implement it wide scale..  that will cost ALOT of money.. perhaps as much as we would save by using our own oil instead of buying it from the cartels (yes that's what they are)... hmm.. almost makes TOO much sense.
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Offline WilldCrd

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Re: U.S. Oil
« Reply #21 on: March 31, 2009, 09:24:09 PM »
Like the old saying "if it sounds to good to be true, it ussually is"

linky to the snopes article
http://www.snopes.com/politics/gasoline/bakken.asp


For more information on this story I found this website-
http://www.theoildrum.com/node/3868


« Last Edit: March 31, 2009, 09:29:53 PM by WilldCrd »
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Offline JunkyII

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Re: U.S. Oil
« Reply #22 on: April 01, 2009, 12:16:42 AM »
We got tons of oil within our land but the greenies dont like us tearing up the land. I do think we need some alternative sources of energy but honestly I dont see any machines of War being powered by anything other then oil. (not forgetting the nuclear powered naval ships but I dont think a nuclear reactor in a tank is gunna make sense)
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Offline allaire

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Re: U.S. Oil
« Reply #23 on: April 01, 2009, 12:31:57 AM »
Makes the enemy think twice before they shoot it.
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Offline Angus

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Re: U.S. Oil
« Reply #24 on: April 01, 2009, 05:24:19 AM »
Eventually we will run out of oil, or have a rather funny atmosphere, with maybe some 1000 ppm carbon  :devil
Point there is that alternate energy, or looking for it, is a good thing.
But we are finding more and more, and the equipment for getting oil is getting better and better.
Outside Iceland there is a big field at the bottom of the sea. Quite a bit of oil....presumably. But the ocean there is 2 km deep. No problem for the newest rigs, they can do it, and drill 10 km deep!
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline soda72

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Re: U.S. Oil
« Reply #25 on: April 01, 2009, 07:11:08 AM »
Quote from: Angus on April 01, 2009, 05:24:19 AM
But we are finding more and more, and the equipment for getting oil is getting better and better.
Outside Iceland there is a big field at the bottom of the sea. Quite a bit of oil....presumably. But the ocean there is 2 km deep. No problem for the newest rigs, they can do it, and drill 10 km deep!

Sounds good until we add in the worst case scenario for those who invest in such rigs.  This would be to go to a third world country spend billions of dollars to setup such rigs.  Pay 30%-40% in taxes to such country, and of course employ 1000's of workers, only to be accused of stealing the peoples oil resources 10 to 20 years down the road so they can nationalize it for good of the people. :lol

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Offline morfiend

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Re: U.S. Oil
« Reply #26 on: April 01, 2009, 05:10:31 PM »
2 questions,who supplies the US with largest percentage of oil?
 where is the largest know oil supply in the world?

 hint answer is same for both!
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Offline Leek

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Re: U.S. Oil
« Reply #27 on: April 02, 2009, 03:17:40 AM »
The problem is not the technology. The problem is in the profits. The government could give the OK to drill all the US reserves and it still would not happen. As long as the international oil companies can exploit cheap third world labor, then third world oil countries will be their best friends. I wolk offshore in the Gulf of Mexico and have seen move wells drilled and capped to be used at a later date, because it's cheaper to bring in saudi oil in a tanker, then it is to pipeline in Gulf oil.
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Offline Angus

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Re: U.S. Oil
« Reply #28 on: April 02, 2009, 04:42:35 AM »
Quote from: morfiend on April 01, 2009, 05:10:31 PM
2 questions,who supplies the US with largest percentage of oil?
 where is the largest know oil supply in the world?

 hint answer is same for both!

A wild guess....
Chavez :D
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline Marauding Conan

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Re: U.S. Oil
« Reply #29 on: April 02, 2009, 09:49:05 AM »
It's funny how you all missed the point (except wild card).

This is an exagerated piece of news designed to steer money to the right hands. Make no mistake, the US does not have enough oil reserves to supply itself even if it was to drill in every pocket under its soil for even a year.

The quicker you understand that, the quicker you can make adjustment to your energy supply system.
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