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No deflection, a reality check before getting onto the discussion. Unless being short sighted whiner is a prerequisite to participate in this thread. Let me know, and I will gladly get out of here, or retry.
what you have posted has not refuted my point at all, the president is misleading the people, and 19-freeking-70 has nothing to do with it.
what you have posted has not refuted my point at all, the president is misleading the people, and 19-freeking-70 has nothing to do with it.
Clearly, you didn't get my last post either. Yes, I haven't refuted your points (yet) because I'm looking for a baseline before getting to it. So now, if you want to discuss your points, answer my question.
Again the oil drilling industry has nobody to blame but themselves. They make BILLIONS of dollars a year yet skimp on safety and amazingly HAD NO CONTINGENCY PLAN IN PLACE IN THE EVENT OF RIG ACCIDENT LIKE THE DEEP WATER HORIZON.
If the oil drilling industry was REALLY consciencious about oil drilling safety the industry would have come together as a group and put a plan in place for an underground blowout like we had in the Gulf of Mexcio last summer. Instead we had engineers literally pulling plans out of their *sses to cap the well.
While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years
"We can't escape the fact that we control only 2% of the world's oil."
We have a lot more than 2% of the world’s oil, but we are only extracting a mere fraction of all the oil we have. We have about one trillion barrels of oil, it's in places like Alaska, off shore, and locked up in the shale of Wyoming, Utah, and Colorado.
The US has about 2% of the world's proven oil reserves. Yes, you can add in unproven and as yet uneconomic reserves but then you also have to do that for all other countries - so the US portion remains at about 2%.
Again the oil drilling industry has nobody to blame but themselves. They make BILLIONS of dollars a year yet skimp on safety and amazingly HAD NO CONTINGENCY PLAN IN PLACE IN THE EVENT OF RIG ACCIDENT LIKE THE DEEP WATER HORIZON.
If the oil drilling industry was REALLY consciencious about oil drilling safety the industry would have come together as a group and put a plan in place for an underground blowout like we had in the Gulf of Mexcio last summer. Instead we had engineers literally pulling plans out of their *sses to cap the well.
You need federal regulators who actual do their jobs too, because businesses are not above gambling that a disaster won't strike them.
It all depends on what techniques they develop to extract the oil.
And that is the reality... we're still stuck on developing technology, while you're blaming the President for it. Shale extraction is not new news, just an expensive proposition on many levels.
Quote:
If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years
I highly recommend you to question that math. Don't believe everything you read.
The US has about 2% of the world's proven oil reserves. Yes, you can add in unproven and as yet uneconomic reserves but then you also have to do that for all other countries - so the US portion remains at about 2%.
He plays with words, "we control" only means the oil the gov't is allowing us to extract, not how much we actually have in the ground. We don't control vast amounts of off shore oil either, because 0bama and the dems refuse to allow us to control/drill for it.
And that is the reality... we're still stuck on developing technology, while you're blaming the President for it. Shale extraction is not new news, just an expensive proposition on many levels.
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I highly recommend you to question that math. Don't believe everything you read.
Stop inferring what I am saying, I am not "blaming the President for" not developing the technology, I blame him for misleading the people by excluding the massive amounts of shale oil we could extract. Shale oil should be a part of his WTF plan, at least as much as developing improved technologies in solar panels and battery storage.
I was not endorsing their conclusions to 400 years worth of oil, but even that government document I linked to in a previous post stated we need government and private sector cooperation to develop a way to properly extract it.
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