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How long will US oil reserves last?WE, the USA, have Enough Oil and Gas to power our country for 200 Years or More, in fact we have enough to power the USA and Europe, but senile ole joey cut off domestic production to appease the greenies, stupidly trying to buy votes.
What specifically did he (Abu Afak in post #177) say that you believe to be bullshit or lies?you obviously have no idea how the oil and gas industries work. your propaganda post is nothing but bullshit and lies.
How long will US oil reserves last?
Oil Reserves in the United States
The United States has proven reserves equivalent to 4.9 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).
United States Oil Reserves, Production and Consumption ..
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bullshit, in the 1970s these same clowns said we only had 30 years of oil left, they lied then and they are lying now.How long will US oil reserves last?
Oil Reserves in the United States
The United States has proven reserves equivalent to 4.9 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).
United States Oil Reserves, Production and Consumption ..
`
100% of it.What specifically did he (Abu Afak in post #177) say that you believe to be bullshit or lies?
LIAR.100% of it.
O&G production Exploded under Obama.
In fact, so much we had a glut and a crash in price in 2015, (the Saudis turned on the pumps to break us and did)... and again in 2020 because of COVID. Prices actually went Negative both times.
Production is on the rise gain after the C19 crash, but like everything else there is a supply chain problem.
Drillers are still reluctant due to that history.
If the UKR war ended tomorrow (and PutOil let back in) the price of oil/NG would probably crash.
Biden is bowing somewhat to the Left and not selling many Oil leases
but his first year he Blew away Trump's total drilling permits with 3500 vs Trump's 2400.
So many that the left sued his Admin to stop them!
Most of those haven't even started yet. It takes time and scarce materials and labor.
Of course it takes many years between leasing and production, Maybe 5-10 for big ones.
There's a shortage of well workers, shortage of materials to drill, like everything else.
Biden's first year he was not listening to the Greenies.
Now he is more but production is still up and growing
And of course oil is mainly up due to Russia.
That again is worldwide problem for oil (OPEC+Ru), and "Our price" is not just a domestic one but an Intl one as oil moves around, especially ours. Most of our NG goes to EU or Asia.
IAC, the less we/everyone relies on Fossil Fuels the better, not just politically but health wise.
(Why Germany started going green 20 years ago.)
The planet is warming and consequences are starting to be felt worldwide, with much worse ones in the cards.
`
Wrong.
It's the opposite.
They relied on Fossil Fuels which are controlled by OPEC+Russia. (YOUR TEAM)
Renewables can and eventually will get them out of it though they will still need some NG.
`
`
O&G production Exploded under Obama.
In fact, so much we had a glut and a crash in price in 2015, (the Saudis turned on the pumps to break us and did)... and again in 2020 because of COVID. Prices actually went Negative both times.
Production is on the rise gain after the C19 crash, but like everything else there is a supply chain problem.
Drillers are still reluctant due to that history.
If the UKR war ended tomorrow (and PutOil let back in) the price of oil/NG would probably crash.
Biden is bowing somewhat to the Left and not selling many Oil leases
but his first year he Blew away Trump's total drilling permits with 3500 vs Trump's 2400.
So many that the left sued his Admin to stop them!
Most of those haven't even started yet. It takes time and scarce materials and labor.
Of course it takes many years between leasing and production, Maybe 5-10 for big ones.
There's a shortage of well workers, shortage of materials to drill, like everything else.
Biden's first year he was not listening to the Greenies.
Now he is more but production is still up and growing
And of course oil is mainly up due to Russia.
That again is worldwide problem for oil (OPEC+Ru), and "Our price" is not just a domestic one but an Intl one as oil moves around, especially ours. Most of our NG goes to EU or Asia.
IAC, the less we/everyone relies on Fossil Fuels the better, not just politically but health wise.
(Why Germany started going green 20 years ago.)
The planet is warming and consequences are starting to be felt worldwide, with much worse ones in the cards.
`
If they were restricted to charging for oil what they charged in the 1970s, we WOULD be out of oil.bullshit, in the 1970s these same clowns said we only had 30 years of oil left, they lied then and they are lying now.
If they were restricted to charging for oil what they charged in the 1970s, we WOULD be out of oil.
My point, pushing it to an extreme for clarity, is that it would be unjustified of us to criticize Galileo for failing to discover quasars. Fossil fuels are a finite resource on this planet. That is inarguable. If one wants to figure out when they might run out, one has to make some assumptions. If those assumptions fail to accurately take into account what people are willing to pay for gas, the increased gas mileage of modern cars, the rise of hybrids and EVs and unforeseen developments in petroleum acquisition, then their answer will also not be accurate. The one thing of which we can be certain is that the cost of acquiring it, in the long term, can only go up. Attempting to refute that - or ignore that - is irrational.
Wrong.
It's the opposite.
They relied on Fossil Fuels which are controlled by OPEC+Russia. (YOUR TEAM)
Renewables can and eventually will get them out of it though they will still need some NG.
`
`
anyone with a lick of common sense knows that your entire post was lies. Lies put in your little head by your masters because you , like all liberals, are unable to think for yourself and have to be led like a brainless sheep.LIAR.
Why don't you quote each portion of #177 and rebut it.
You can't you Clown.
You're as worthless a one-line Troll as ToadstoolParrot.
`
he/she/it cannot do that. We all know it, but its fun to keep asking.Come on old Sandy, defend your idiocy.
they are charging more than in the 70s what planet do you live on?If they were restricted to charging for oil what they charged in the 1970s, we WOULD be out of oil.
Yes, they are. That allows them to spend more money acquiring it than anyone back in the 70s ever thought possible. Get it?they are charging more than in the 70s what planet do you live on?
No, dumb fuck, save money as solar and wind are the least expensive forms of new generation.
