We'll I did go to the site, and I did see the Proved Reserves.
And if you scroll down, you'll come to a graph that shows the proved oil reserves (remember the key word on Proved) that shows our reserves coming
down. But just by looking at the production chart, it easy to infere that we just don't have the oil anymore. At least that's my opinion.
Quote from Source.
In contrast to natural gas, reported crude oil proved reserves declined by more than 10 percent to 19.1 billion barrels, despite a third year of
increased discoveries (Figure 3). Net negative revisions were about the same as the volume produced during the year, and nearly 1.5 times as much as
was discovered. The overall decline in reported proved reserves of crude oil was the largest in the 32 years that EIA has published estimates (Figure
Originally posted by OutKast Searcher
reply to post by sirbikesalot06
But why would you look at production numbers when this topic is talking about untapped oil sources???
Yes...I think everyone agrees that right now we don't produce a lot of oil...but that doesn't mean we don't have it.
You can't come to that conclusion by looking at what we currently produce.
It is not about averting this current economic crisis...Oil has very little to do with the current crisis. Besides...the oil isn't really meant to
be used by the United States anyway...we currently sell most of the oil we produce anyway...and buy it back off of the market...we do this so OPEC
countries continue to extract more and more oil. It's just a small way to keep the prices low...and the oil flowing.
What you fail to understand is the fact that we require oil for everything we do. Without Oil, and lets get down to the nitty griddy of it. With
Out Diesel, we would not have the Coal to power your laptops. With out Gasoline, you would not have the power to drive around in your car. With out
Diesel, the truck can't get your food to the Grocery Store. You can't plow fields with out it. The Local Farmer can't get his goods to the local
Farmer's Market. Since nearly all of our transit vehicles our powered by diesel, alot of cut backs occurred in transit during the high ridership
that we witness in 2008.
In today's America, we need a car to get around because I hear from Crazy Conservatives all the time on how wasteful Public Transit is. And yet what
happen when we couldn't afford the fuel to go shopping, to get to work and to do errens. We went to the Bus stop, trains stations in the areas that
at least have service all around the country and use this services because we couldn't afford the gas. And when we can't afford the gasoline to
power the vehicle we depend on to get food to fill our bellies, then we also reduce our spending for flat screen tv's, that new Iphone and such.
What People don't Understand is that our entire economy is built on "Spend here and Spend Now" attitude. That has gotten us to our current bubble
burst and now the Stimulus Bubble Will Burst. eventually By that time, there will be no government hand out and worst of all, there will be no public
transit to get to work.
Now I don't see the end of the world here, I see more open roads and less terrible drivers trying to run me off the road here.
I do see a bad time ahead of us and for me. My beloved Bicycle will be stolen every other day because people aren't use to walking and our
communities aren't built for feet, it build for cars that uses oil to get around.