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In a grand game of global chicken America is using everybody else's oil up first thus saving America's oil for when we have the only game in town.........
i have heard before that we are holding onto our oil figuring when it runs out, we will be the last ones to still have it. i dont buy it. it would take too much consensus between politicial parties from subsequent administrations, i find it hard to believe they could get that plus keep it quiet.
i have heard before that we are holding onto our oil figuring when it runs out, we will be the last ones to still have it. i dont buy it. it would take too much consensus between politicial parties from subsequent administrations, i find it hard to believe they could get that plus keep it quiet.
You are assuming that the "political" parties are in control of these reserves. They are not..........
In a grand game of global chicken America is using everybody else's oil up first thus saving America's oil for when we have the only game in town.........
It's not so much that we're keeping our oil for later.
It's the fact that it is cheaper to import oil. Not all petrol is created equal. Some grades of petrol require more intensive refining than others. The oil under North America tends to be of the heavier variety and deeper down.
It's mostly about profitability. The oil giants are more profitable importing oil than drilling more domestic wells.
In a grand game of global chicken America is using everybody else's oil up first thus saving America's oil for when we have the only game in town.........
The sad thing is even if this is true, the companies that own the reserves here in the US have no patriotism- can we expect if all the rest of the world's oil runs out that they will just start pumping out those reserves and selling them here within the US? No way- they will sell them out on the world oil market to the highest bidder, no matter who it is. Corporations are all about profits- they don't care if the US bleeds dry and dies. So that's why it never really matters how much oil is made here domestically- all that matters is how much oil from all around the world is available, in hopes of making sure there is more available than the world's demand.
I hope there is a smidgen of truth to the claims of vast reserves. And I hope we are saving ours for when we need them. But, the Bakken reserves will require a massive investment to recover, including huge amounts of energy and water for the frakking process. And there are serious environmental questions. Every 6 months there is another story on the "Bakken's vast untapped reserves" and yet, despite a massive profit motive, very little traction. No shortage of conspiracy theories and political rhetoric though. Too bad we can run our cars on that!
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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It is all relative;
Enough oil,
Affordable oil
Unfortunately history has an uncanny way of repeating itself.
Seems our (USA) 250 yrs is about up....
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