Gas Prices will be over $4.00
#91
Sigh...do you guys know America holds the single largest oil reserve in the world?
http://www.usgs.gov/newsroom/article.asp?ID=1911
http://www.usgs.gov/newsroom/article.asp?ID=1911
#92
Huh? Don't you live in Hawaii? If you do, isn't the United States your government too? Also, maybe the reason going into Iraq was wrong, but toppling a Dictatorship and installing a democracy isn't really *****ing up Iraq.
#93
I am Canadian citizen. I spend most of my time in Montreal and give or take a month or two a year in Hawaii.
#94
Probably a debatable point. Various geologists and geological organizations have made a number of estimates, but no one really seems to know where the largest single reserve is (even among the ones in Saudi Arabia). Basically, we know four things. One, that total world crude oil production peaked in 1970 (as was forecast some years earlier) and has, in general, been dropping ever since. Two, that most of the "easy" findings and pumpings are gone.....oil companies, today have to look harder and drill more for what they DO find. Look at the recent accident in the Gulf, for example....BP had to go down almost a whole mile (some 5000 feet) to strike a payload. Three, that Saudi Arabia still has more influence than any single country (they still have some 60% of the world's known reserves, at this point). Four, the Canadians have a huge amount of potential oil locked up in oil shale and tar sands (no one knows just how much), but it will be more difficult and expensive to extract it than with traditional drilling and oil wells.
Last edited by mmarshall; 05-03-10 at 03:01 PM.
#95
Tar sands in Alberta supposedly has a ton of oil. My company is currently doing detail design for a big refinery in Calgary I believe. Its dirtier oil so its more expensive to refine but the break even point is around $80/barrel.
#97
they wont let us
#99
Probably a debatable point. Various geologists and geological organizations have made a number of estimates, but no one really seems to know where the largest single reserve is (even among the ones in Saudi Arabia). Basically, we know four things. One, that total world crude oil production peaked in 1970 (as was forecast some years earlier) and has, in general, been dropping ever since. Two, that most of the "easy" findings and pumpings are gone.....oil companies, today have to look harder and drill more for what they DO find. Look at the recent accident in the Gulf, for example....BP had to go down almost a whole mile (some 5000 feet) to strike a payload. Three, that Saudi Arabia still has more influence than any single country (they still have some 60% of the world's known reserves, at this point). Four, the Canadians have a huge amount of potential oil locked up in oil shale and tar sands (no one knows just how much), but it will be more difficult and expensive to extract it than with traditional drilling and oil wells.
There's a ridiculous amount of cheap hydrocarbon energy still here and there are energy solutions beyond hydrocarbons. We just need incentive to develop them. Until hydrocarbons become too expensive, we won't invest in new sources (and there's really only one capable of sustaining our way of life - geothermal). So, let's wait until the pain is unbearable, and we'll fix it. Just like every other challenge put before mankind in the past.
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