Quote:
Originally Posted by camaraderie
CD... Put it this way. Presently we are paying 500 billion a year mostly to enemies for our oil. China is preparing to drill off Cuba so they can sell us our oil that we won't drill for ourselves. We have ALL the oil we need for the rest of our lifetimes right here in reserves and coal oil if we are allowed to use it. AND NO OTHER alternative exists that is anywhere CLOSE to being as economical.
WE NEED to find alternatives to oil....and the market will over time, especially as oil prices continue to rise over the next couple of decades due to world demand. In the meantime...it is essential to stop funding our enemies, reducing the value of the dollar due to balance of payments and letting fringe environmentalists and NIMBY's cripple our economic strength and tie up PUBLIC Resources while the average American goes deeper into debt.
|
With the exception of 500 billion for oil and china drilling, please show me where you have gotten the facts for the rest of that. I am not being a smarty, I am being serious. All of my research, even including the pro-drill sites and oil company sites, say something COMPLETELY different from you. Obviously I am missing something.
And has it occured to you that maybe the market is forcing alternatives right now?
I read yesterday about Saudia Arabia immediately turning on every spigot. They are about the only ones that can do it. Remember how the market reacted yesterday? Oil went UP (though it finally ended down some). Why? Because of the grim reality: they can add 1-2 million barrells/day. That will add .2% to the current demand - that is two-tenths of a percent.
Ouch.
Drilling now will take 15 years.
We run through 7.6 billion barrells/year in the US. We have somewhere around 20 billion barrels recoverable (including ANWR and Balken and Texas). Guess you are not planning on living very long?? And as I have said before, it takes 15 years to get it. You run out of it 15 years after that (assuming you can even get 5% out of it/year).
ANWR only has enough to supply a bit over one year of US current use. That is assuming you could drain it dry overnight (impossible).
Balkken is less than ANWR.
Texas is less than Balkken.
I am serious. I don't care if it is the Exxon web page or Dick Cheney's personal blog... please show me where you are getting these facts from that contradict everything I have researched?
- CD