Old Rocks
Diamond Member
Egad Walleyes, do you actually believe that no one will read the links you post? 430 Billion barrels technically recoverable. Technically recoverable as in at a far greater cost.Thus far we have explored only 20% of the planet for oil, new and improved technology is allowing us to explore new areas for oil.
Where is your link corroborating that assertion that we've only explored 20%? Landmass? Does that include the deep ocean? What is considered 100%? And how far down?
Your entire argument is speculation.
LOL.
You: There's plenty of oil here.
Me: OK, where? Support your claim.
You: I don't have to link, it's in the ground. duh!
Generally, when trading opinions on the intrawebz, it's standard procedure to back up your work with corroboration. For the dozenth time, please show where you're getting your assertion that there is "plenty" here in the U.S. Let's settle on a ballpark figure for proven reserve totals here. Doesn't have to be specific. Can you handle that? Where is the light crude (which our empire is entirely built upon)?.... If you're referring instead to far more expensive heavier, dirtier shale and tar sands, say that, and then we can cover that particular fail.
Gosh, I dunno "scientist." Because light crude has returned a 200:1 down to 20:1 ratio for return on energy investment over the years, and light crude is why we are where we are today - empire? Meanwhile heavy oil is around 3:1 down to 1.5:1, and will NOT sustain 7% growth by even the lamest extrapolation? This has been covered countless times throughout this forum, but clearly you're just the latest slow pony.
And I suggest you refrain from comparative reading comprehension levels. You've allready exhibited a fundamental lack of education in that particular area.
Ah, no. That would be you. But not just in reading comprehension, you obviously don't even know your own alleged industry. You "do science," but you're just a bit fuzzy on the profound differences between light crude and kerogen/bitumen.
Wow, are you over your head on this topic.
Really? According to the US Department of Energy the US has approximately 1.2 TRILLION barrels of oil waiting to be pumped out.
DOE - Fossil Energy: DOE's Oil Recovery R&D Program
DOE - Fossil Energy Techline: New CO2 Enhanced Oil Recovery Technology Could Greatly Boost U.S. Oil Supplies
And heavy crude is not kerogen or bitumen either, those are closer to tar, but go ahead and tell yourself how brilliant you are, you're an audience of one.
You can leave now bucko, you're far to ignorant to partake in a reasonable discussion.
DOE - Fossil Energy: DOE's Oil Recovery R&D Program
Large volumes of technically recoverable domestic oil resources remain undeveloped and are yet to be discovered in the United States, and this potential associated with CO2-EOR represents just a portion, albeit large, of this potential. Undeveloped domestic oil resources still in the ground (in-place) total 1,124 billion barrels. Of this large in-place resource, 430 billon barrels is estimated to be technically recoverable. This resource includes undiscovered oil, "stranded" light
oil amenable to CO2 enhanced oil recovery (EOR) technologies, unconventional oil (deep heavy oil and tar sands) and new petroleum concepts (residual oil in reservoir transition zones).