So oil is going to hit $200 pb, life as we've known it is OVER (gasoline, suspect)
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There is enough oil in the JOnah Field of Wyoming to provide oil for the United States for the next 25 Years alone. Its all about speculators and greedy people. Bush is makin a killing with these prices so him and the politicians wont do a thing until we let them drill where ever they want
There is enough oil in the JOnah Field of Wyoming to provide oil for the United States for the next 25 Years alone. Its all about speculators and greedy people. Bush is makin a killing with these prices so him and the politicians wont do a thing until we let them drill where ever they want
That simply is not true. Jonah Field is mostly a natural gas field. It is estimated to contain 10 trillion cubic feet of natural gas. Current global consumption is 100 trillion cubic feet per year. This amount of natural gas would not supply the US, a major consumer, for more than a short while.
Jonah field also contains alot of shale, but shale is very costly to turn into oil.
That simply is not true. Jonah Field is mostly a natural gas field. It is estimated to contain 10 trillion cubic feet of natural gas. Current global consumption is 100 trillion cubic feet per year. This amount of natural gas would not supply the US, a major consumer, for more than a short while.
Jonah field also contains alot of shale, but shale is very costly to turn into oil.
I heard they could get the oil from shale and it would be about $55 per barrel. Which is a lot cheaper than it is now.
But this is not the solution to the problem. Drilling more wells and building more refineries would just line Bush's pockets even more and keep us under big oil's thumb.
I heard they could get the oil from shale and it would be about $55 per barrel. Which is a lot cheaper than it is now.
But this is not the solution to the problem. Drilling more wells and building more refineries would just line Bush's pockets even more and keep us under big oil's thumb.
Not to mention the time it would take to get something off and running. Meanwhile China (2nd largest consumer of oil) and India need their fair share too. Supply and demand is what is driving up the cost (well, and the falling dollar and other factors).
People are just going to have to get used to the fact that energy resources are in short supply right now, and start changing. People have been warning about this for decades.
One other point I like how everyone is "going Green" now that gas costs so much. They only care about the planet when it effects their pocket book. But they will still drive their monster SUV to work everyday by themselves. However, our vehicles and driving habits are only a part of the problem with oil. Consider everything that is made of plastic these days. My point is that it is a giant crap sandwich and we are all going to have to take a bite.
People are just going to have to get used to the fact that energy resources are in short supply right now, and start changing. People have been warning about this for decades.
One other point I like how everyone is "going Green" now that gas costs so much. They only care about the planet when it effects their pocket book. But they will still drive their monster SUV to work everyday by themselves. However, our vehicles and driving habits are only a part of the problem with oil. Consider everything that is made of plastic these days. My point is that it is a giant crap sandwich and we are all going to have to take a bite.
I am all for going green - but I need education. I think if more people knew how to do this (gee, maybe they should offer a course in this), I bet more people would get on board.
The price of oil has risen just over 100% in Europe since 2001. The price of oil has risen in the US just over 300% in the US since 2001. Why? Our dollar is extremely weak right now, simple as that. If the dollar was extremely strong, we might see gas prices just under or just over $2 a gallon right now. That wouldn't feel so bad now would it?
Anyway, this means life as we know it is over. Things will come to a grinding halt and/or there will be more war as the remaining oil is fought over. We're done.
Opinions?
Mr. Doom and Gloom.........Get real..........
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