Thread: interesting oil news
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03-10-2009 03:15 PM #1
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interesting oil news
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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03-10-2009 05:19 PM #2
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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
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03-10-2009 06:23 PM #3
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yep ... the people that made 10 bazillion dollars last year must need that much more
Originally Posted by DennyW
((I dont know about the 16.00 a barrel))
That's before processing, and ALL the MIDDLE men get their hands in the pot...
iv`e used up all my sick days at work .. can i call in dead ?
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03-10-2009 08:49 PM #4
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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.Last edited by firebird77clone; 03-10-2009 at 08:51 PM.
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03-10-2009 10:05 PM #5
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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 ...Donate Blood,Plasma,Platelets & sign your DONORS CARD & SAVE a LIFE
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03-10-2009 10:31 PM #6
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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...Yesterday is history, tomorrow is a mystery, Live for Today!
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03-10-2009 11:51 PM #7
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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
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03-11-2009 12:50 PM #8
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"
" Plus there are also some greedy people in the oil business."
YA THINK???
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