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Forum Index > Business & Finance |
raditz8526
Monk
36119 points
30/M/,
Join Date: Mar 2006 | jonnythan said:
Those things would have very little impact on oil prices, especially long term.
The attitude that environmental conservation is silly drives me up the f**king wall. Every acre that we clearcut and develop is another acre that we will never have back. A planet devoid of natural places is a nightmarish vision, but we are getting there one little bit at a time.
I swear to god, some people would rather just pave over every square mile of land on earth.
In the 1970's we had over 350 refineries operating, last I heard we have about 150. How much has the demand gone up since the 70's? In crease refineries, increase supply and the price will go down. |  | |
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raditz8526
Monk
36119 points
30/M/,
Join Date: Mar 2006 | jonnythan said:
Funny, because I know people who do just that.
Do what? | | | |
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bobbimay
Minister
11090 points
55/F/Tucson, Arizona
Join Date: Jan 2008 | jonnythan said:
What the f**k? How?
Well lets see about that.....
we have trillions of barrels of shale oil that the "not in my back yard" crowd will not let us drill
link [ostseis.anl.gov]
While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years
then there is always ANWR...
link [findarticles.com]
Defenders of Wildlife, among other groups, say the ANWR only would provide about six months of oil supplies for the United States. That's hardly enough oil to bother with, right? Well, not exactly. Arriving at this figure took a feat of statistical legerdemain worthy of Harry Houdini.
First, environmentalists took the lowest possible estimate of the ANWR's potential recoverable oil reserves -- about 5.7 billion barrels--and cut it by roughly 40 percent to around 3.4 billion barrels. Then they assumed that the oil would be produced at roughly 19 million barrels per day (b/d).
But the most likely estimate places the ANWR's recoverable reserves at an estimated 10.3 billion barrels -- more than three times the amount these environmentalists claim.
yeah tree huggers....Hmmmmmm
“Patriotism means to stand by your country. It does not mean to stand behind the president or any other public official.” Theodore Roosevelt | | | |
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raditz8526
Monk
36119 points
30/M/,
Join Date: Mar 2006 | vizzy said:
What part of my statement was a fairytale?
Cars that don't use gas, getting "off the grid." None of that will ever happen. | | | |
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jonnythan
Twinky
96467 points
27/M/NY, New York
Join Date: Aug 2005 | bobbimay said: Well lets see about that.....
we have trillions of barrels of shale oil that the "not in my back yard" crowd will not let us drill
link [ostseis.anl.gov]
While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years
then there is always ANWR...
link [findarticles.com]
Defenders of Wildlife, among other groups, say the ANWR only would provide about six months of oil supplies for the United States. That's hardly enough oil to bother with, right? Well, not exactly. Arriving at this figure took a feat of statistical legerdemain worthy of Harry Houdini.
First, environmentalists took the lowest possible estimate of the ANWR's potential recoverable oil reserves -- about 5.7 billion barrels--and cut it by roughly 40 percent to around 3.4 billion barrels. Then they assumed that the oil would be produced at roughly 19 million barrels per day (b/d).
But the most likely estimate places the ANWR's recoverable reserves at an estimated 10.3 billion barrels -- more than three times the amount these environmentalists claim.
yeah tree huggers....Hmmmmmm
Oil from shale would be more expensive than the oil we're using now.
And 5.7 billion barrels in ANWR? The oil fires in Kuwait following the first Gulf War consumed about that much. OPEC produces that much in six months.
5.7 billion isn't enough to make a dent in oil prices.
"If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you." | | | |
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May 27, 2008 @ 17:18:33
