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Oil In USA

Discussion in 'Politics, Elections & Legislation' started by too fast, Jan 29, 2010.

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  1. too fast

    too fast TS Member

    Joined:
    Apr 22, 2007
    Messages:
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    This is probably an old thread but I just received it the night before the "State of the Union Address." After reading it, I was amazed. If it's only 50% true why is our country in such financial turmoil? The only reason I can see for our "Great Recession" is politics. Our current President is quick to blame Bush but has done little to nothing to improve our economy. Our oil supply would solve most, if not all, of our economic problems, plus put people back to work, get gas back to a $1.00 a gallon where it belongs, and bring all the jobs we worked so hard to "out-source" back to the USA so our people can make a living.

    We need to make our politicians understand this and it's time for us to say "Enough is enough" and make them follow through or recall them.

    My two cents worth. Thanks Jim L. Luis


    > *READ THIS IT WILL BOGGLE YOUR MIND!* Here's an interesting
    > read, important and verifiable information :
    >
    > About 6 months ago, the writer was watching a news program on oil and
    > one of the Forbes Bros. was the guest. The host said to Forbes, "I am
    > going to ask you a direct question and I would like a direct answer;
    > how much oil does the U.S. have in the ground?" Forbes did not miss
    > a beat, he said, "more than all the Middle East put together."
    > Please read below.
    >
    > The U. S. Geological Service issued a report in April 2008 that only
    > scientists and oil men knew was coming, but man was it big. It was a
    > revised report (hadn't been updated since 1995) on how much oil was
    > in this area of the western 2/3 of North Dakota , western South
    > Dakota , and extreme eastern Montana ..... check THIS out:
    >
    > The Bakken is the largest domestic oil discovery since Alaska 's
    > Prudhoe Bay, and has the potential to eliminate all American
    > dependence on foreign oil. The Energy Information Administration
    > (EIA) estimates it at 503 billion barrels. Even if just 10% of the
    > oil is recoverable... at $107 a barrel, we're looking at a resource
    > base worth more than $5..3 trillion.
    >
    > "When I first briefed legislators on this, you could practically see
    > their jaws hit the floor. They had no idea.." says Terry Johnson, the
    > Montana Legislature's financial analyst.
    >
    > "This sizable find is now the highest-producing onshore oil field
    > found in the past 56 years," reports The Pittsburgh Post Gazette.
    > It's a formation known as the Williston Basin , but is more commonly
    > referred to as the 'Bakken.' It stretches from Northern Montana,
    > through North Dakota and into Canada . For years, U. S. oil
    > exploration has been considered a dead end. Even the 'Big Oil'
    > companies gave up searching for major oil wells decades ago. However,
    > a recent technological breakthrough has opened up the Bakken's
    > massive reserves.... and we now have access of up to 500 billion
    > barrels. And because this is light, sweet oil, those billions of
    > barrels will cost Americans just $16 PER BARREL!
    >
    > That's enough crude to fully fuel the American economy for 2041 years
    > straight. And if THAT didn't throw you on the floor, then this next
    > one should - because it's from 2006!
    >
    > U. S. Oil Discovery- Largest Reserve in the World
    >
    > Stansberry Report Online - 4/20/2006
    >
    > Hidden 1,000 feet beneath the surface of the Rocky Mountains lies
    > the largest untapped oil reserve in the world. It is more than 2
    > TRILLION barrels. On August 8, 2005 President Bush mandated its
    > extraction. In three and a half years of high oil prices none has
    > been extracted. With this motherload of oil why are we still fighting
    > over off-shore drilling?
    >
    > They reported this stunning news: We have more oil inside our
    > borders, than all the other proven reserves on earth. Here are the
    > official
    > estimates:
    >
    > - 8-times as much oil as Saudi Arabia
    >
    > - 18-times as much oil as Iraq
    >
    > - 21-times as much oil as Kuwait
    >
    > - 22-times as much oil as Iran
    >
    > - 500-times as much oil as Yemen
    >
    > - and it's all right here in the Western United States .
    >
    > HOW can this BE? HOW can we NOT BE extracting this? Because the
    > environmentalists and others have blocked all efforts to help America
    > become independent of foreign oil! Again, we are letting a small
    > group of people dictate our lives and our economy.....WHY?
    >
    > James Bartis, lead researcher with the study says we've got more oil
    > in this very compact area than the entire Middle East -more than 2
    > TRILLION barrels untapped. That's more than all the proven oil
    > reserves of crude oil in the world today, reports The Denver Post.
    >
    > Don't think 'OPEC' will drop its price - even with this find? Think
    > again! It's all about the competitive marketplace, - it has to. Think
    > OPEC just might be funding the environmentalists?
    >
    > Got your attention yet? Now, while you're thinking about it, do this:
    >
    > Pass this along. If you don't take a little time to do this, then you
    > should stifle yourself the next time you complain about gas prices -
    > by doing NOTHING, you forfeit your right to complain.
    >
    > --------
    >
    > Now I just wonder what would happen in this country if every one of
    > you sent this to every one in your address book.
    >
    > By the way...this is all true. Check it out at the link below!!!
    >
    > GOOGLE it, or follow this link. It will blow your mind.
    >
    > http://www.usgs.gov/newsroom/article.asp?ID=1911
    > <http://www.usgs.gov/newsroom/article.asp?ID=1911><http://www.usgs.gov
    > /newsroom/article.asp?ID=1911>
    >
    >
    >
    >
    >
    >
    >
    > .
    > <http://www.cyberdefender.com/>

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  2. Jim101

    Jim101 Active Member

    Joined:
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    Location:
    Knob Noster, Mo
    At one time it was part of the national security strategy to save our petroleum. It very well may still be.






    Jim
     
  3. K-GUNS

    K-GUNS Member

    Joined:
    Jan 29, 1998
    Messages:
    628
    I was told we don't have the technology to get to it...it's too deep and it's located under the rocky mountains.

    Even if we did get to the large deposits, our greedy oil barons will sell it over seas for more money,pretty much to highest bidder.

    Just look at natural gas & propane, mined here in the great ol usa. The prices are still high, and right in line with up's & downs of fuel oil & gasoline.
    WHY ? Because they can charge the high prices and we will pay.

    I used to have gas heat back in 97 when it was just a few cents a gallon more than fuel oil. When oil prices went up so did natural gas & propane. WHY ?
    No reason other than they can get away with it.

    Bottom line-if we have a large supply of crude here, it will be sold at fair market value-no savings just because we have it here.

    Ask yourself about the Alaska pipe line, crude from the USA.IT flows south and gets loaded on tankers bound for Japan. Little, if any ever stays here.

    It would be the same thing if we hit a big oil strike here.Sad but true.

    Don't get me wrong,the company's have a right to a fair profit-but as we all know the oil company's put the screws to us all.

    crab
     
  4. TOOLMAKER 251

    TOOLMAKER 251 Active Member

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    3,398
    Oil, natural gas are commodities on the world market. If we hit the big payload in our country, it would drive world crude oil prices down.
     
  5. shannon391

    shannon391 Active Member

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    I would like to see some great advance in electric cars that could make oil very, very cheap.

    Let them eat sand.
     
  6. wm rike

    wm rike Member

    Joined:
    Jul 19, 2007
    Messages:
    593
    Nothing is a easy as a politician makes it seem. Because of non-existant energy policy we are in a Catch-22 situation.

    We produce only a third of our oil needs. Domestic oil reserves are expensive to develop and recover. Bump the price of oil up close to $200/bbl and we would certainly produce more oil, but it would come nowhere close to producing energy independence. Too, the consuming public would consider the cost some kind of oil industry conspiracy, so increased oil production won't happen on purpose.

    From the politician's standpoint, actually encouraging increased production would call into play the higher cost of finding and extraction, so that won't happen either because that won't attract votes. Witness the present regime's viewpoint that development should be stymied and additional taxes used to discourage drilling. And you have policy people like House speaker Pelosi who belives that natural gas is a renewable resource. So we're stuck pouring billions into very expensive, marginal energy sources like corn ethanol, solar, and wind, and elsewhere promoting policies that increase our dependence on foreign oil.

    So, as to the State of the Union address, like so many other political speaches it is built largley on half facts and maybe even a little deception (remember BO telling us a year ago that his health care plan would help balance the budget?).
     
  7. ou.3200

    ou.3200 Well-Known Member

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    Messages:
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    The price of gas and propane goes up in unison with oil because of demand for energy here and abroad. When oil goes up some of that demand goes over to the less expensive sources such as gas/propane which drives those prices up.

    The exporting of oil from this country is not because the so called big greedy oil companies want to screw over us but because crude is not what is in demand here. The demand here is for the various refined products. The environmentalists and politicians will not allow new refineries to be built in the US and I seem to recall reading no new refineries have been built here for over 30 years. Oil companies would like to be refining crude here but the political climate will not allow that to happen. We continue to pay high prices for refined products partly because of the added shipping costs from refineries overseas.

    Those who will not allow drilling and new refineries like to deflect blame from themselves to big oil companies. They seek to brainwash the public into thinking big oil companies are the problem and have been somewhat successful in doing so. Think about it and lay the blame where it belongs.

    Advancement in electric cars will not drive the cost of oil and gas down. Coal is being demonized as a fuel and the electricity to charge all those cars will be generated largely by burning of oil and gas. Where is the gain there? Wind and solar won't satisfy the increased demand.
     
  8. TOOLMAKER 251

    TOOLMAKER 251 Active Member

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    The answer is many more nuclear power plants to supply the electricity for heating.
     
  9. Chugiakshooter

    Chugiakshooter Member

    Joined:
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    Messages:
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    There is plenty of oil on the North Slope of Alaska.The drilling and pumping will begin as soon as tree huggers die off.
     
  10. Chugiakshooter

    Chugiakshooter Member

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    The Oil from the Alaska Pipeline goes to the west coast of USA.
     
  11. K-GUNS

    K-GUNS Member

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    Messages:
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    Alaska oil from pipe line goes to west coast where its loaded for shipment to Japan !! I also heard they pumped plenty of money into it so it could be completed while still under construction-thats why they get almost all of it.

    No new refineries here because Govt restrictions won't allow them to be built.We are not allowed to hurt the environment .. air quality.. water..mother earth.

    As far as coal, I live in hard coal region of Pa.

    Big company's here export much of it to Europe and beyond.More profit there.
    There is still plenty in the ground but when burned it's not as clean as they say it is. Still cheaper to use for heat than oil.

    no easy fix but more nuke plants is still the cheapest option, but no one wants them it their back yard.
     
  12. crusha

    crusha TS Member

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    In this Energy impasse we've put ourselves into, the only winners are those who want our standard of living to go back to the Stone Age.



    And you know who they are.
     
  13. TEXASZEPHYR

    TEXASZEPHYR Member

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    Location:
    TEXAS
    Where are the larger oil companies from? Who are the owners and what country are the from (in)? If i remember correctly, we may not have the Largest oil companies in america.
     
  14. ou.3200

    ou.3200 Well-Known Member

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    If you couldn't build refineries or get permission to drill where the oil is in the United States where would you be?
     
  15. RobertT

    RobertT Well-Known Member

    Joined:
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    1,353
    No more imports, no more exports. If we can't produce it ourselves we don't need it.

    Robert
     
  16. K-GUNS

    K-GUNS Member

    Joined:
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    Alaskan Pipe line-some does stay in USA-some exported,I stand corrected as I said almost all goes to Japan.That only lasted for 2 years or so under the Clinton administration and was not cost effective so it declined.


    Despite the opening of new fields, oil production in Alaska has steadily declined in recent years. The amount flowing through the trans-Alaska pipeline has fallen from a high of more than 2 million barrels a day in 1988 to 740,000 barrels a day in 2007, according to the Alyeska Pipeline Service Co.
    After-tax profits go to the oil companies and royalties go to resource owners - mainly the state of Alaska, whose budget relies heavily on the money from oil production. About $2 billion in oil royalties went into the state's general fund this past year.
    Other resource owners include the federal government and private landowners - parties that generally support drilling in ANWR because it would add to the dwindling supplies of the state's existing oil fields.
    The crude oil that flows down the 800-mile pipeline is picked up by tankers in the port of Valdez. According to state officials, the bulk of the crude is transported to West Coast refineries, with a small percentage remaining in Alaska and an unknown amount going overseas.
    According to the CIA's World Factbook, the U.S. exported 1.048 million barrels of crude per day in 2004 - which amounts to about 12 percent of domestic production - and imported 13.15 million barrels a day that same year. It's unclear how much of the exported oil originated in Alaska.
    A group of oil companies paid for the pipeline to be built in the late 1970s at a cost of $8 billion. Interest holdings in the pipeline have changed hands several times and today three companies own much of the pipeline and most of Alaska's oil leases: BP PLC, Exxon Mobil Corp. and ConocoPhillips.
     
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