According to the article listed on the link, there is enough oil under our ground priced @ 16 bucks a barrell to last us 41 years. Keep in mind this information is from the U.S. Geological Society!
http://www.usgs.gov/newsroom/article.asp?ID=1911
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According to the article listed on the link, there is enough oil under our ground priced @ 16 bucks a barrell to last us 41 years. Keep in mind this information is from the U.S. Geological Society!
http://www.usgs.gov/newsroom/article.asp?ID=1911
They are probably right, that formation runs north into Canada and their going nuts drilling in that area (southeastern Saskatchewan)I was out there last summer in the early morning and theres oil rigs everywhere drilling.I dont know about the 16.00 a barrel :confused:
yep ... the people that made 10 bazillion dollars last year must need that much moreQuote:
Originally Posted by DennyW
a MILLION gallons under the rocky mountains, FDR declared it an 'emergency' reserve.
LARGEST RESERVE IN THE WORLD is under GULL ISLAND off Alaska's coast
BUT.. it looks like the DAKOTAS might put Gull island to shame.
Yeah, we got oil.
Think we are running out? That is what the powers to be WANT you to think.
http://www.nextenergynews.com/news1/...news2.13s.html
http://www.squidoo.com/montanaoilfield
The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present ...
and it would be at least 5 years till any of it hit the market as gasoline or diesel.... Lack of refineries is another part of the problem...
I've been hauling fuel for 20 some years, and Dave hit the nail on the head.
Most of the existing refineries got some much needed revamps last year.
Every time the oil campanies ask about building a new refinery, every one
starts screaming they don't want it in thier back yards. These tree huggers
are always making a big fuss. The refineries we do have are almost allways
running a full speed. But it's been so slow the last 6 months that drivers that
normally do 3 & 4 loads of fuel a day are only getting 1 load now.
They need to be able to build some new refineries and loading terminals.
I've seen them tear down three loading terminals in Tampa,Florida.
And they have not built a new one in 20 some years.
Plus there are also some greedy people in the oil business. Kurt
"
" Plus there are also some greedy people in the oil business."
YA THINK???:LOL::LOL::LOL::LOL: