Comments on: Did you know USA is estimated to have more oil than Saudi Arabia?

By: dinodino

dinodino — Mon, 30 Nov 2009 18:52:59 +0000

"If it sounds to good to be true it probably isn't (true)". Other people have blown gaping holes in your theory. You have been duped. Stop looking for excuses to waste petroleum and get serious about reducing demand and finding alternative energy sources
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By: THE REAL MICHAEL SAVAGE

THE REAL MICHAEL SAVAGE — Mon, 30 Nov 2009 18:18:59 +0000

People do not have a problem with the U.S. drilling. The problem is with the myth being sold regarding drilling in Anwar and Off Shore. We import 67% of our oil. All the oil in Anwar and Off Shore would reduce our imports by 6%. Meaning we still import 61% of our oil. This hardly leads us to energy independence. The propaganda about drilling is meant to keep us from switching to alternative sources of energy. Which would hurt the oil industry. in 2 years gas will be back to around $2.00 a gallon. Thanks in large part to conservation, alternative energy and more sources of oil.
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By: T K

T K — Mon, 30 Nov 2009 17:43:59 +0000

Yes, I knew it. Colorado stopped drilling but still has some. I thing we should look anywhere there are mountains.
Also, Alaska was supposed to be folly, but at last it has proving to be an investment.
I think we should drill, anywhere, and do it with care.
I think investing in alterative fuel is an investment in the future.
Although, I belive nuclear power would be a mistake. Like painting a nice big target for our enemies to aim at.
It is controlling supply and demand. Less actual demand will drive prices down, not the idea of it.
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By: bonsai

bonsai — Mon, 30 Nov 2009 17:19:59 +0000

You fell for that again? The oil in the US is very expensive to get too and not good grade by any means. Most of it is not worth to drill, until the barrrel will reach the $200 mark.
Did you know, that the USA has more Gold and Diamonds in its ground then ever have been doug up? Doesn’t mean you can get to them or its worth it.
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By: ndmagicman

ndmagicman — Mon, 30 Nov 2009 16:52:59 +0000

I live in the area of the Bakken formation and there are several important facts you leave out.
This is not a ‘new’ discovery. The Bakken formation has been known about and DRILLED for the past 40 years. No large scale production has been done prior when oil prices were $20/barrel, it was not cost effective. Now at over $100 per barrel it is.
Most all of the oil in the Bakken formation is oil shale which is soaked into porous rock formations. Plus oil shale is a low quality oil and requires much more refining. To compare this type of oil with the ‘sweet crude’ type that is produced in areas like Saudi Arabia is deceiving and not a ‘apples to apples comparison’.
Most of the oil in the Bakken formation requires fairly deep wells, 8 to 12 thousand feet wells so production costs are high

Most oil industry people claim that the US uses about 25% of the worlds oil resources and the US has only about 3% of the worlds oil resources.
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By: Katie

Katie — Mon, 30 Nov 2009 16:46:59 +0000

Yes it is true… and I have even seen the ’95 report…. Petroleum Engineers and Geologists have been trying to say this all along but the media and the government keeps getting in the way… :/
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Worked for the Oklahoma Geological Survey as a Library Assistant all through school.

By: 23Dragonflys

23Dragonflys — Mon, 30 Nov 2009 16:41:59 +0000

So much for the "media" keeping us informed. This should have been headline news. People are being treated like sheep and the media the herders.
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By: JR

JR — Mon, 30 Nov 2009 15:58:59 +0000

Sounds like we should give OPEC a taste of its own medicine and manipulate the oil prices to our national interests?
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By: Wide Awake

Wide Awake — Mon, 30 Nov 2009 15:24:59 +0000

If this was true it would have been all over the press. I'm not discounting it, but it's hard to believe.
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By: Curtis

Curtis — Mon, 30 Nov 2009 14:44:59 +0000

Yeah,,,,, drill here, drill now, drill everywhere.

I know oil is a finite source, but whatever process has been making oil for millions of years, is still going on today.

And we need to find an alternative energy source but, until we do find that miracle energy source, that will replace fossil fuels, we need to pump and refine that domestic light sweet crude Nancy Pelosi.
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