People like this guy above apparently like to shoot off their "keyboard" while carrying the knowledge of the plastic their keybaord is made of..
The US is the number three largest oil producer.
Top World Oil Producers, Exporters, Consumers, and Importers, 2006 — Infoplease.com
There is more untapped oil reserves under nearby waters and on land then in the Arabian Peninsula.
Actually if Russia had the will to do have their oil companies do so, Russia could surpass ALL other OPEC nations combined in oil production.
Exactly
Hey there denial duo... I'll put the same challenge to you two that I did every other "drill baby drill" con who ran from it.
Please support your argument and show a link that asserts proven reserve totals off our shores. Then divide whatever total you THINK you have by 85 million per day in global consumption. They are not finding any significant reserves anywhere on God's green earth, and haven't for over 30 years. Before you say it, heavy oil (sand and shale) is not light crude, and does not count, because it is not economically viable to sustain. This is about net energy, or EROEI.
What we produce now is not what is what we will produce next year, and will not sustain an economic model utterly dependent on infinite growth going forward. You understand this, yes? Well, probably not, but there it is. This is all well-documented, and confirmed by our Joint Chiefs and Dept. of Energy. The U.S. may be No. 3 currently, but is in terminal decline, while its demand continues to grow. You see how this might be a problem, no?
Energy IS growth. Energy IS liquid capital, and the promise of more tomorrow. It dictates lending and credit and expansion, as well as fuels our corporate food conveyor belt every day. WIthout cheap energy, things begin to break down. This is currently the case -- in its initial stages. It does not occur overnight. It has NOTHING to do with liberal law makers. If oil was under our shores in any significant quantity, it would be extracted... PERIOD.
A 2:1 EROEI ratio for extracting 50 million barrels (2 hours worth), such as what was under Deepwater Horizon, doesn't make a hill of difference. If you know of a pool found recently in excess of 5 billion barrels in our waters, please bring it forward. Shell, BP, Exxon and all the others are desperate to hear of your "find."
Again, show the data that proves we have "plenty", or STFU.
We don't, or else we'd drill it and not spend trillions occupying other nations. Use the logical side of your brain for once, instead of hope-based grand standing. In absence of that, rely on the math. Where is it?
It is hypocritical of the US policy to support SA. The technology exists to develop alternative energy like hydrogen, but the oil companies will have none of that, it's all about money.
