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Thread: USA Oil Reserves And The 2% OBAMA Myth!

  1. #1
    Senior Member MASTER BUILDER
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    USA Oil Reserves And The 2% OBAMA Myth!

    Here is an expiation of how oil reserves are figured. Latest figures I head today state that we have enough untapped oil reserves to last..........wait for it.............200 years (two hundred years)!! BTW, I also heard today that our reserves are now estimated at around 1.2 TRILLION BARRELS OF OIL. :shock:

    And since East Anglia University's Climate Research Center has basically proven that MAN is NOT responsible for the planet warming, one would pose the question of why go "green" except for the fact that it fits the Progressive agenda??

    http://www.dailymail.co.uk/sciencete...ing-again.html

    Here's some info that relates to that but is not exactly current. However it does show what the trend has been in the past and compares it to today's technology.

    http://www.instituteforenergyresearc...reserves-myth/

  2. #2
    Senior Member RACING JUNKIE
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    "Going Green" is nothing more than an obfuscation by politicians made to keep you (and most citizens) from seeing/hearing what the real agendas are . . It was phony science, dreamed up back in the 80's by one Michael Mann to gain science grant money for his department . . and it was based upon flawed science then, and facts have been replaced with bad science since then by politicians and con men to benefit themselves individually.

    On the other hand, there should be engineers working on long discharge, deep cycle batteries and other technologies to further the personal transportation technologies . .

    But at this point (and I'll never see it) they aren't very close . . The very idea that one could charge a battery for 15 minutes and then discharge it while creating torque (and horsepower) for several hours (as a gasoline powered vehicle does now) is like looking for the "Forever free Lunch" . . So far, science (and Nature) has allowed energy output equal to what is put in . . and I don't think that it will change much . .

    And the taxpayer shouldn't be obliged to fork over the money needed for research for the "Free lunch" program(s) that the progressives seem to think are out there (or are they just hustling us for the cash?)

    I believe, the latter . . .

  3. #3
    Senior Member MASTER BUILDER
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    And here's yet another article with numbers that say Oblamo is lying to us on a daily basis to have us believe we are running out of oil, or don't have enough here in this country to meet our needs??? Make sure you go to their site and read the story there as there are several links to data to backup what is being said.

    http://news.investors.com/article/60...ted-states.htm

    Scarce Oil? U.S. Has 60 Times More Than Obama Claims

    By JOHN MERLINE, INVESTOR'S BUSINESS DAILY Posted 03/14/2012 01:03 PM ET

    When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump.

    "Even if you opened up every square inch of our land and our coasts to drilling," he said. "America still has only 3% of the world's oil reserves." Which meant, he said, that the U.S. couldn't affect global oil prices.

    It's the same rhetoric President Obama is using now, as gas prices hit $4 again, except now he puts the figure at 2%.

    "With only 2% of the world's oil reserves, we can't just drill our way to lower gas prices," he said. "Not when we consume 20% of the world's oil."

    The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources like algae.

    U.S. Awash In Oil

    But the figure Obama uses proved oil reserves vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities enough to meet all the country's oil needs for hundreds of years.

    The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world's proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves "are a small subset of recoverable resources," because they only count oil that companies are currently drilling for in existing fields.

    When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:

    At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government's Bureau of Ocean Energy Management.

    About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.

    Up to 2 billion barrels of oil in shale deposits in Alaska's North Slope, says the U.S. Geological Survey.

    Up to 12 billion barrels in ANWR, according to the USGS.

    As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.

    Then, there's the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale a type of oil released from sedimentary rock after it's heated.

  4. #4
    Senior Member RACING JUNKIE
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    Here you go again . . The Government (no matter which party is running it at any specific time) is in the "Real Estate Business" . . and they are in the catbird seat when it comes to leasing these land's mineral rights . . which leads to paying off the Legislators in congress to get drilling rights, which may be then cancelled upon election of new legislators . . It's a major base of Political Corruption and it's gone on since the need for oil became obvious, (1920 or so) sending several Congressmen to jail over the years and tainting at least three White House Occupants . .

    Give all federal lands, except national parks, back to the States and let them administer them individually . . Do away with the EPA and create a new oversight commission for environmental protection of both legislators and businessmen . . with equal voting powers . .

    That would be a start . .


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