Moderator: Nicole Marie
Shapley wrote:jamiebk wrote:People generally have not died over the supply of sugar.
I'm sure more than a few have.
Giant Communist Robot wrote:My point is that oil isn't any different than all the other things we must import and the term addiction is politically oriented. It's common and acceptable to use "addiction" when speaking of oil yet it implies an agenda. I have nothing against alternative energy. It's still just a dream because the technology isn't there. When the price and reliability are better than oil then we can demonize oil.
And what about fruit? We can grow our own fruit. Notice no one complains about an addiction to foreign fruit?
“Soaring oil prices are reaching levels that could threaten to brake improving but tentative global economic recovery, with an outside chance of a new recession or that most destructive of conditions, stagflation.”
Giant Communist Robot wrote:Marye wrote:OYE! Stay out of our Oil Sands!! We aren't sharing....
I apologize to all Canadians for Barack Obama
U.S. proved reserves of oil total 19.1 billion barrels, reserves of natural gas total 244.7 trillion cubic feet, and natural gas liquids reserves of 9.3 billion barrels. Undiscovered technically recoverable oil in the United States is 145.5 billion barrels, and undiscovered technically recoverable natural gas is 1,162.7 trillion cubic feet. The demonstrated reserve base for coal is 488 billion short tons, of which 261 billion short tons are considered technically recoverable. …
Proved reserves are those amounts of oil, natural gas, or coal that have been discovered and defined, typically by drilling wells or other exploratory measures, and which can be economically recovered. In the United States, proved reserves are typically measured by private companies, who report their findings to the Securities and Exchange Commission because they are considered capital assets. In addition to the volumes of proved reserves are deposits of oil and gas that have not yet been discovered, which are called undiscovered resources. The term has a specific meaning: undiscovered resources are amounts of oil and gas estimated to exist in unexplored areas. If they are considered to be recoverable using existing production technologies, they are referred to as undiscovered technically recoverable resources (UTRR). In-place resources are intended to represent all of the oil, natural gas, or coal contained in a formation or basin without regard to technical or economic recoverability.
Opponents of domestic production in oil and gas claim we cannot drill our way out of the energy crisis and our dependence on imported oil.
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