Think about it! If we use all the rest of the worlds oil FIRST then when that runs out the oil owned by the rich people here will be worth a fortune to Americans and none will be available to other countries.Why arent we drilling for oil in North America instead of importing it from overseas?
';I heard a while back that there is enough oil in the state of Texas alone to supply the United States for 700 years';
lol, that's a lie. There MIGHT be enough oil on the planet to sustain the world for no more than 200 years, and that's a very conservative estimate.
Domestic oil sources would only increase supply by a small percent, not enough to be a real alternative to importing oil. The cost to obtain that oil is higher due to environmental restrictions, and sometimes these restrictions outright prevent the possibility of drilling.
The US is the world's largest producer of oil, but we still produce less than we use.
If the US automobile fleet had the same average MPG as the cars in Europe (so that is using current technology) we would not have to import a drop of foreign oil.
You heard wrong my friend.
What we should be doing is looking for alternative sources of energy.
It is cheaper to buy it that to drill for it...but I am with you, lets open those puppies up and lets get a price war going...
environment fundamentalist care more about nature than allowing us to use our oil under our land in order to be foreign oil independent and eventually oil free...
My husband works in the oil field and says That we do not have the oil reserves that they have over seas we do not have enough to support our economy
About 1 out every 15 shallow wells has oil the remainder of them have natural gas. There is alot of drilling going on in America.
I do not know where you heard that about texas but it is FALSE!!!!!
We are drilling oil! What do you think is happening in the Gulf of Mexico? We are not producing as much as we would hope so we do get some from over seas. Also, there is lots of oil in Alaska, but we cannot drill for it because of the Animal rights activist who do not want to kill the moose and bears. If you asked me, kill the moose, I am more important the moose! I mean i like animals and all, but when it comes to my family and my safety, kill the Animals!
Also Alaska, I think too many environmentalists are trying to save to many species! What about saving the humans for a change! I am with you, we need to tap our own natural resources and quit putting our fate in others hands!
The environmentalists forced Congress to enact such restrictive regulations that the oil companies can't afford to drill or refine. We can't build new refineries without jumping through regulatory hoops and we are exporting what oil we do pump to have it refined then re-imported.
The situation is the same with our off-shore supplies as with the untapped resources in Alaska. The environmental objections to drilling offshore were highlighted by a ';blowout'; that occurred off Southern California in the '50s, but now we have technology which would make that possibility rare.
ANWR is another bone of contention with the environmentalists. We are not being allowed to exploit the resources we do have and the whole subject has become highly political in nature.
There aren't any easy solutions to the problem.
As to our';Reserves';, we have enough to supply our needs for 37 days. Not a pretty picture.
Until we enact an intelligent energy policy and convert our oil burning power plants to natural gas or nuclear, we are going to be always looking at being dependent on some other country for our energy which drives our economy.
The US has about 12 years ';proven'; oil reverves at current extraction rate, this includes Alaskan reserves. The US is pretty well explored so don't expect new discoveries to improve this outlook in any meaningful way.
Now, Canada (part of NA so still relavent) has probably the 2nd largest reserves after Saudi. The problem is 95% of their reserves are tar sand deposits which need open pit mining and typically sees 500+ml of each litre burned to produce enough energy to extract the next 1000ml. Old school theories suggest its profitable at $40/bl but this is technically known as ';hopeful';
Cheap oil is on the long term decline; they simply aren't making it any more...
It costs more the explore and recover oil in America because of the cost of labor. Oh ya, the enviornmental restrictions, payment to the 'super fund' and what it might do the endangered hissing cocroach living in the trees.
*** But the enviornmentalists still want to drive their SUV's on good roads to look at the untouched wildlife.
Why are we drilling for crude anyway.Take this money and put it into refineries for bio-fuels and stop the dependancy on crude.
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