U.S. Oil

[Masherbrum]

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.

I missed the point?   How?   You are saying what I did on the first page.   

[Marauding Conan]

I missed the point?   How?   You are saying what I did on the first page.   

(Image removed from quote.)

You were right about the point you made. But, whoever put this piece of news out there back in 2006-7 was trying to steer investment to a client. It was a bogus claim, and we now know that there was a lot of "bogus" investment strategies like that one.

[moot]

It is within a mountainous region, involves over a hundred "pockets".    Getting the oil to the refineries, will not disperse the offset of expenditures.   

It's time to look towards other fuel sources.   

~10M$ to do the next intermediate step (~5-10 sec continuous operation) for Polywell fusion.  That's chump change nowadays.. orders of magnitude less than e.g. ITER.
http://www.emc2fusion.org/   

[Masherbrum]

It is bogus though m00t.    I knew this, there is no "secret cache" of Oil.    This is why I put the "alternative energy source" out there.    Folks wanted me to explain and I have no need too.   It is common sense, but some enjoy to line the pockets of the Sheiks and "Old Money" here in the US.

[moot]

It's not the first time this sort of thing comes up.  There was at least two other reserves of potential energy resources that no one in the general public really knows what to make of, as far as reports go.  You've got big numbers like "enough energy locked up in em" to make the US independent from the ME, and you've got the other (scant) reports on how feasible extracting the energy is, what the cost/benefit is. Then there's the political aspect - the groups pulling the strings may want the oil biz to stay as it is to make their dough.

[sluggish]

There are only two possible sides to this, either:  1. The evil oil companies want to dwell on an outdated energy source and ruin the environment of the entire earth, or,  2. The environment wackos want to ruin the world's economy and drive us all back to the eighteenth century for their own gain of power.

There could not possibly be another view.

[moot]

Yeah those two are definitely the only explanations.

[Masherbrum]

There are only two possible sides to this, either:  1. The evil oil companies want to dwell on an outdated energy source and ruin the environment of the entire earth, or,  2. The environment wackos want to ruin the world's economy and drive us all back to the eighteenth century for their own gain of power.

There could not possibly be another view.

Why the "Conspiracy Theory"?    It is simple sluggish.   All of the known "large profitable" Pre-Cambrian swamplands have been found.   Once the former swampland is gone (people without Geology knowledge claim a 40 year+ window and it makes some of us laugh), it will take almost 3 billion years to make oil from "today's swamps."    By then, the Earth is already starting to become inhabitable.   

Only fact is "The evil oil companies want to dwell on an outdated energy source."    This much is true and if you doubt it, you need psychological help.   

[Eagler]

I'm pretty sure if there were another energy source as profitable and needed as oil, the "evil" oil barons & those nasty banker types would already own it ...

it's all hype to push a political agenda  .. nothing but a power struggle

[moot]

It's not that far fetched.

[Masherbrum]

So Geology is controlled by the Govt.?   Okeedokee.   

[WWhiskey]

If "Global Domination" is the Quest.   Implement another fuel source and you eliminate the Middle East and the US's dependency.    Anything else is "Stalling the inevitable." 

or deplete there resource then sell them ours at ten times the going rate

[john9001]

or deplete there resource then sell them ours at ten times the going rate

can't do that, not allowed to drill for it.

[Masherbrum]

or deplete there resource then sell them ours at ten times the going rate

and we pay more for gas too?   Nah, there is an endless supply of oil, no worries. 

[morfiend]

A wild guess....
Chavez

 Nope,but close...

Hint: it's delivered by pipeline.