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Gas Prices will be over $4.00

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Old 05-03-10 | 11:45 AM
  #91  
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Originally Posted by G Star
Sigh...do you guys know America holds the single largest oil reserve in the world?

http://www.usgs.gov/newsroom/article.asp?ID=1911
Why don't you mine in your backyard? Let me guess your government likes ****ing up other countries lol (i.e Iraq)
Old 05-03-10 | 12:33 PM
  #92  
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Originally Posted by JessePS
Why don't you mine in your backyard? Let me guess your government likes ****ing up other countries lol (i.e Iraq)
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.
Old 05-03-10 | 12:39 PM
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Originally Posted by adam8065
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.
I am Canadian citizen. I spend most of my time in Montreal and give or take a month or two a year in Hawaii.
Old 05-03-10 | 02:47 PM
  #94  
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Originally Posted by G Star
Sigh...do you guys know America holds the single largest oil reserve in the world?
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.
Old 05-03-10 | 02:50 PM
  #95  
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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.
Old 05-03-10 | 03:49 PM
  #96  
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Originally Posted by lexmenow
No they won't people will riot. 4.00 gas will crush us if it happens we will have to invade someone.
Where will you get fuel for the Jets and Tanks?




lol
Old 05-03-10 | 06:40 PM
  #97  
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Originally Posted by mmarshall
Still cheap by European standards, but, in my neighborhood, 87-Octane regular now averages $3.00 a gallon...up substantially from just a few months ago. It's probably somewhat more than that in CA, where gas is traditionally more expensive.
can you mail me up some of that gas ?? id be more then happy with paying $3 a gallon. sad thing is the refinery and the pipeline is just down the road


Originally Posted by JessePS
Why don't you mine in your backyard?
they wont let us
Old 05-03-10 | 06:52 PM
  #98  
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i am surprised, gas is "cheaper" here in cali? a lot of pump around here, 87 is still just below 3 bucks
Old 05-03-10 | 11:24 PM
  #99  
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Originally Posted by mmarshall
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.
Umm, nope, US production peaked in 1970. Global peak hasn't quite hit yet, but the pundits say it's on the near horizon. If you want to really scare yourself, read this and take to heart what the guy says. I think he's being dramatic just to scare people. If you really believe what he says, you'll start having panic attacks.

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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