They Claim There's No Oil...Latest North Dakota Bakken Oil Field Estimates..........

Originally posted by neo96
we are out there in the rest of the world because the treehuggers will not let us drill here

we still have alot of resources ALOT and they handcuff drilling here at home.


its their fault. DRILL DRILL DRILL!

This is such a funny meme. Let us explore it from a few angles:

The US ALREADY gets about 25% of it's oil from within it's own borders. So to pretend we don't drill here is obviously false. In addition, unless one believes in the fairy tale of 'aboitic oil', one recognizes that productivity of existing reserves in the US has declined since the 70's, which is the main we reason drilling is not expanding exponentially. The oil likely isnt there, and what is there isn't profitable to extract.

In addition, I would like to explore this notion that just more drilling will be in the shot-term or long-term interest of the US. In the short term, drilling wouldn't effect oil prices, because those prices are set by speculators who see the big picture of the market. The market ALREADY accounts for the oil in the ground. Doesnt matter how much you take out of the ground, especially since the current prices in the US are kept ARTIFICIALLY LOW by government subsidies (supported by so-called conservatives).

And in the long-term, pulling whatever last remnants of oil we have left under our soil is obviously not beneficial to the future of the US, as we continue to NEED oil, and might want to save a barrel or two for the future. Unless you believe we should just burn it all up tomorrow at the lake so we dont have anything left to power infrastructure in the coming decades.

So, yes, "Drill baby drill" while blaming those wacky liberal environmentalists* sure makes a simple soundbite and easy scapegoat, but the actual facts, when explored even a little bit, show this is a mindless meme perpetuated by those who seek to blame instead of looking at actual solutions.

If anything, and now I am speaking hyperbolically, the only people who would want us to drill more are those who wish to see the USA collapse, because removing our last remnants of oil would make the US LES stable.

*and although it's a false accusation, isn't it funny to blame environmentalists for pushing companies overseas to destroy their natural resources when that's actually in the interest of the US? Why would we want to decimate our environment that will only lower the value of our land? Doesnt make sense Better to let Brazil and Canada and the mideast screw up their environment for our big apatite!

reply to post by incrediblelousminds

The US ALREADY gets about 25% of it's oil from within it's own borders. So to pretend we don't drill here is obviously false. In addition, unless one believes in the fairy tale of 'aboitic oil', one recognizes that productivity of existing reserves in the US has declined since the 70's, which is the main we reason drilling is not expanding exponentially. The oil likely isnt there, and what is there isn't profitable to extract.

isn't likely there and isn't profitable to extract pretty sure government regulations have a lot to do with that



the only reason business and industry and the oil industry leave this country is because of liberal policies.


answer me this wouldnt you rather drill here instead of go invade other countries because the entire wealth of this country is dependent upon on single commodity?

i would think of the trillions that would be save but alas no no drilling here no thing.

and heres another thing that those "wacky environmentalists" are not thinking about everything else that is made from oil by products google the list its quite large alot of things you will take a double take on.

not to mention the new jobs and new wealth that would be created here instead of abroad and consider where all that wealth goes to.

20 million on umemployement another 50 million on welfare your talking oil industry and the pay scale is pretty good how many people would be lifted up out of poverty in this country ? how much more tax revenue would be generated in government taxes? more people working means less people on umemployment and welfare.


or we can continue to sit back and cry and moan about how evil big oil is when it was those government regulations that have killed off the compitetion to the point that there are only a few remaining.

people seem to forget big goes to where the oil is and oil and oil shale is here in vast quantities.

if people really want to change us foreign policy and insure economic and national security we have the assets here what we need is the go ahead.

and people who block drilling here and offshore are perpetuating and inflating the coming disaster.

Originally posted by unityemissions
reply to post by ccponzi

 

I'm not stuck in your box. The term liberal socialist has no meaning to me. There are many groups, some government funded, that are starting to produce algae oil. We should certainly be very wise about how we produce our energy needs, and how it effects the environment.

But you have said nothing about an understanding of what Oilgae is, how it is produced, etc.

This a great find. It brings to light a lot of things. I feel we are keeping the oil in reserve because the rest of the world is burning through their own fields. Remember oil is used for everything.

Originally posted by Arcade425
This a great find. It brings to light a lot of things. I feel we are keeping the oil in reserve because the rest of the world is burning through their own fields. Remember oil is used for everything.

Wouldn't it be nice to think that enough oil is being kept in reserve in America that if the day should come when the Saudi oil wells run dry, we still have all the oil.

Wait! FDR said that's how social security would work??

reply to post by ccponzi


Like many had said before, US oil is nothing but a corporate oil baron dictatorship ponzi scam and most Americans have fallen for the rethoric of keeping US oil until the rest of the world run dry.

The truth is that our oil is in the hands of private profiteers that control the oil prices in the US stock Markets.

Our most profitable wells are in the hands of private contracts that some are none America like BP, so as many can see our so call American oil is not America at all and we pay what we pay for our gas so the dictators oil barons can keep reaping billion dollar profits.

Wake up America.

Linkey

reply to post by nixie_nox


Your wrong it's under 20 million per day

latest prophecy being forfilled the economy turns black so this maitreya entity and his ascended masters can make their appearence to the world if you want to know watch old world secrets the omega project codes

reply to post by nixie_nox


The reason is that been our oil resources in the hand of private dictatorship oil barons they want land grab and people are uneducated enough to think that giving more land to drill to the oil barons will ease oil prices and gas, that is no truth is nothing but more land grab that will result in the same BS we got now and more land resources in private hands.

If anybody have not learn the lesson of what the oil barons stand for by now they never will.

US stock markets speculators and the corrupted oil barons control US gas prices.

reply to post by marg6043


I'm thinking of the movie 'There Will Be Blood.' Taken from the Sinclair Lewis book about the oil robber barons.

If you could go out and wild cat for oil, hit it big, become an oil robber baron, then you'd have your own oil wells and wouldn't have to rely on buying oil from other oil robber barons.

The fact is, you don't know how to extract oil from the earth. You don't know how to refine crude into gasoline. You don't even know how to make plastic products to be sold in Wal-Mart.

We are all slaves to the corporate robber barons. That, or we live in caves rubbing two sticks together.

reply to post by ccponzi


And that is how they like it, capitalism in the US is corrupted and manipulated by the few in the elite groups, when any Joe starts to become too big for their good they come around and buy them out.

And that is one of the ways that wealth is control in the US, that is why the middle class is been killed in this nation, because at one time it held too much power.

In the US you can drill for oil but you are not allowed to exploited it yourself, it belongs to the oil barons and you get a cut of whatever they decide is worth it.

Originally posted by ccponzi
America does not wait for the rest of the world to catch up to us. We are better than the rest of the world.

It's called American Exceptionalism. You should be proud to be an American Exceptionalist.

What are you talking about? Seriously, I don't understand your point. Are you saying I am one or I should be one or what?

And what's all this stuff with Obama apologizing to the world because we are Americans??

I'm pretty sure I didn't say anything about Obama, let alone his apologizing to the world. I couldn't care less if he does or doesn't apologize. Anyone who tells you there aren't things we should apologize for, in general, they are either selling something, are a fool, or are a liar.

Either way, though, I'm curious how you extrapolated your post out of what I said. It's almost like you didn't read my post at all.

Peace
KJ

reply to post by ccponzi

Do you have a logical way of accomplishing all this.

1st .. there's no need to be an ass, I was just offering an argument that to be "against" oil is not to be "Liberal" ..

Is there a readily available method of consuming less oil?
Yes. Electric cars, while not practical right now, are fast becoming so. While they still consume energy and are not entirely "green", the energy taken from the wall outlet consumes significantly less energy than combustion the energy in an engine, which waste the vast majority of the energy produced as heat. If an electric car's battery can take us 100 miles as of right now, in 10 years I expect it will be 10x better.

The biggest draw back to reliable, clean energy sources is that someone has to profit. The technologies are uninhibitedly expensive and unavailable.. this we can blame on Corporations, and the corporate machine that drives our economy. IMO, we should be funding our universities to lead the way in developing the technologies, then distributing the knowledge to limit the high prices of the new technologies developed. It's not that there are no other energy sources, it's that ignorant people believe greedy people when they are told there is no alternative.

reply to post by ccponzi


you have to ask
if this oil was pumped and sold cheep in the usa only
would all the imported oil savings kick start the economy?
would the oil companies rather wait till the usa is bunkrupt
then buy the whole lot to sell back to the usa?
at a massive profit

the idea is to crush the usa with high fuel prices
so they can buy the reserves for cents on the dollar

star and flag
wake up america your countrys mineral wealth will save you from distruction
unless you like licking opecs boots
and sending billions a day to middle eastern countrys

Ndekota=save your economy
opec=destroy your country

obama=buy petrobrass shares wait for collapse=sell rights for cheep to petro brass
lobama=billions to other countrys to provide infrastructure=no production in dekota
= end of economy

xp

reply to post by incrediblelousminds

And oil is a finite resource.

Mmm that's a myth. There is no evidence that oil is a "finite" resource, just as there is absolutely no evidence that it originates from decomposed animals. In fact all evidence suggest that it's a naturally produced within the earth where hydrogen in the from of water and carbon mix .. and considering those two elements are most abundant on Earth, it's pretty easy to make with enough heat and pressure. (we can actually make oil in a lab, just not at large enough production). If you look at a map of the Earth and note the various wells of oil, gas and coal you will see that they are hardly "scarce".

It's a farce to get in your wallet.

reply to post by ccponzi


S&F for great thread and research
well done

Originally posted by rigel4
reply to post by ccponzi

 

S&F for great thread and research
well done

There's sooooooooooo much more to be said about Oilgae. But, unfortunately, all I'd get posting info about Oilgae is a lot of grief from liberal socialists.

Shale oil. Sand oil. The Bakken Reserves. Oilgae. There's sooooooo much info out there....but for reasons peculiar to liberal socialists, they don't want to hear about it.

They only want to see America suffer.

reply to post by XPLodER


Due to the use of methane and sea water in the production of Oilgae, there is pretty much an infinite supply of an energy source. I mean, the planet is two thirds salt water, and the reserves of methane are enormous.

But, why not just go along with the liberal socialists who want to see America become a third world country.

Originally posted by nixie_nox
You do know the US alone uses 20 billion barrels of oil per day. So by your estimate,the Anylargest oil reserve in teh world" would last us about 3-4 hours.

Anytime prices go up, someone always touts that we need to drill our own little reserves as a solution. It shows you have no idea how the oil industry works, and you don't solve any problems. You just created a 3 hour bandaid.

There is a reason that President Obama came out and said the prices are now going to be investigated. They are being manipulated. And the turmoil in the middle east is creating excuses, not problems.
Supply is up and Demand is actually down. If you look at the history of gas spikes, they always follow a mid east conflict.
So if supply is up and demand is down, why are prices skyrocketing? I don't think it is a coincidence the prices in the US dropped ten cents immediately upon the Presiden'ts announcement.

Wow your math is bad you need to watch those zeros. First the US uses 20 million barrels a day not 20 billion!!!!

Now with current breakthroughs in technology they estimate we can retrieve about half the oil reserves in the bakken as long as the price stays above 50$ per barrel. So the latest estimate for the entire field seems to guess about 2 trillion barrels this counts Canada as part of it is there as well. US usage currently per year 7 billion 120 million (notice i wrote it out i know zeros get confusing. So now we should be able to extract 1 trillion barrels from this 1 field not counting the rest of them such as whats in anwar for example.

Basic idea The US has enough oil for hundreds of years oil is not as rare as you think. Oh and this doesn't include U.S. Strategic Petroleum Reserve the largest stockpile of government-owned emergency crude oil in the world. In an emergency the president can tell them to start pumping. And oh lets not forget the 726 million sitting in tanks to give them time to ramp up production.This was started in response to the 1973 Arab oil embargo so if they shut off are oil we can avoid those gas shortages.Who said the government doesn't look out for you ? Now the only question is how much pain are they willing to put us through i guess is the real question??

Originally posted by Rockpuck
reply to post by incrediblelousminds

 

And oil is a finite resource.

Mmm that's a myth. There is no evidence that oil is a "finite" resource, just as there is absolutely no evidence that it originates from decomposed animals. In fact all evidence suggest that it's a naturally produced within the earth where hydrogen in the from of water and carbon mix .. and considering those two elements are most abundant on Earth, it's pretty easy to make with enough heat and pressure. (we can actually make oil in a lab, just not at large enough production). If you look at a map of the Earth and note the various wells of oil, gas and coal you will see that they are hardly "scarce".

It's a farce to get in your wallet.

It appears you may be right but this hasn't been proven to be fact either. The clues lead us to believe that the fossil fuel story is a myth. Geologists were often confused when new oil reserves were located in places we know they shouldn't be if they were a fossil fuel. But that doesn't mean that they are not either this is still up in the air. Scientists are split on this one im personnally leaning towards your correct but who knows?