Potential US oil reserves

[87GTA-turbo]

Our most valuable untapped resource is the Arctic National Wildlife Refuge (ANWR), which is estimated to contain 10.4 billion barrels of oil. This remote frozen tundra could be drilled with minimal impact on surrounding life. ANWR is the size of South Carolina and the area drilled would be roughly the size of Dallas/Love Field Airport. In 1995, the Republican Congress passed legislation to open ANWR for energy production. But President Clinton vetoed our bill. If he had signed it, America would now be producing one million barrels a day, almost enough oil to replace all of our daily imports from Saudi Arabia.

Ok here we go:
10.4 billion barrels.

1 billion = 1,000 million (with me so far?)

so lets turn that into 10,400 million barrels

Divded by 365 days of the year.

Equals 28.4 YEARS of one million barrels per day.

[ULYCYC]

Competition is a wonderful thing. Once other oil producing countries see us getting reading to be self sufficient, prices will drop like a rock. Also this will create jobs and taxes to stay in this country. The Middle East deserts will become deserts again

[Gothmog]

Originally Posted by 87GTA-turbo

Equals 28.4 YEARS of one million barrels per day.

but we use 21 million barrels a day

[Gothmog]

Originally Posted by BLACK6PACK

Dave would rather bankrupt the country than admit he is wrong. We would go bankrupt trying to get the alternative power solutions up and running with the current demand for oil. Dave doesn't want to admit that there is enough oil in those areas to last us for 100 years. Over those 100 years we'll have plenty of time to get alternative power solutions up and running.

His responses are pure BS when someone actually makes sense.

wrong again....you righties are so brainwashed by big oil that your only solution to the oil crisis is to look for more oil

I'm 100% on board with electric cars and fueled by nuclear energy

and there isnt enough oil for 100 years, so why admit it?

[Steve Wood]

Originally Posted by Gothmog

the article is not BS, there is real oil there, but her short term solution to a long term problem is the stupid thing

We don't have a long term problem going forward. That is an illusion that has been created by the whackos.

We have had a problem in the past years because Congress put a stop to effective exploration in this country. The short term solution is to start drilling and building refineries. Intial cost will be high to employ environmentally acceptable standards but unit cost will come down quickly with increased production.

Canada has already demonstrated this with its tar sand production. I believe that is up to around one million barrels today.

Germany, in the second World War, demonstrated the ability to produce synthetic fuel to power its war machine when it was cut off from its oil supply.

The problem is simple. The implementation is made difficult by those that are determined to replace oil as an energy source. Unfortunately, genius's that they claim to be, no one has come up with an effective replacment that meets the country's need.

The facts are readily accessible.

[87GTA-turbo]

Originally Posted by Gothmog

but we use 21 million barrels a day

Your source please.

[88_Pacifica]

Originally Posted by Gothmog

...I'm 100% on board with electric cars and fueled by nuclear energy...

SWEET!!! Tell me where/when I can swing by and take your '87 gas-guzzlers off your hands that way you can sleep better at night being 'green'...

I mean, shoot, since oil/petroleum is bad and all, no sense in keeping those inefficient piles....

[ULYCYC]

I think Gothmog should send Al Gore $20,000 a year to cover his big carbon footprint

[gbsean]

this was from a 2006 study

NationMaster - Oil > Consumption (most recent) by country

2000 study

Oil Consumption in North America

another 2006 study

Top World Oil Producers, Exporters, Consumers, and Importers, 2006 — Infoplease.com

[87GTA-turbo]

Originally Posted by gbsean

this was from a 2006 study

NationMaster - Oil > Consumption (most recent) by country

2000 study

Oil Consumption in North America

another 2006 study

Top World Oil Producers, Exporters, Consumers, and Importers, 2006 — Infoplease.com

Good sources but I didn't question the figure I was just wondering if anyone looked under the "RESERVES" tab and sees that the US has 21 billion barrels in proven reserves.

[gbsean]

here is another oil feild that I had never heard of

the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

[gbsean]

Originally Posted by 87GTA-turbo

Good sources but I didn't question the figure I was just wondering if anyone looked under the "RESERVES" tab and sees that the US has 21 billion barrels in proven reserves.

Reserves as in oil that has not been taped or oil that has been stored incase of emergancy...701 million barrels from what I have read....

another interesting article


U.S. Cuts Estimate of Untapped Oil Reserves - New York Times

[gbsean]

after more reading on the Bakken Oil Formation ...guess who financed the technology to drill for the oil in that field Halliburton.....I think I smell a Rat

[Gothmog]

Originally Posted by 88_Pacifica

SWEET!!! Tell me where/when I can swing by and take your '87 gas-guzzlers off your hands that way you can sleep better at night being 'green'...

I mean, shoot, since oil/petroleum is bad and all, no sense in keeping those inefficient piles....

I think you're confusing two "liberal" sterotypes.

Oil isnt evil, its not the best for the environment, but we're running out, and we need renewable and long term sources of energy, plus, the oil being stolen from Iraq is funding the insurgency, so there are alot of negatives

[Gothmog]

Originally Posted by Steve Wood

We don't have a long term problem going forward. That is an illusion that has been created by the whackos.

We have had a problem in the past years because Congress put a stop to effective exploration in this country. The short term solution is to start drilling and building refineries. .

from what I understand, the oil companies were none too interested in oil exploration in this country becuase of the expense