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Re: US Oil Supplies

I believe arby mentioned oil and called me on my quote of two times the rest of the worlds supply.


http://cnsnews.com/news/article/gao-recoverable-oil-colorado-utah-wyoming-about-equal-entire-world-s-proven-oil

This url says we added 1.5 trillion barrels of technically recoverable oil to our supply.

Previous USGS and Rand Corporation estimates on our national supply of oil was at 800 billion to 1 trillion barrels of recoverable oil.

However I also count coal in the calculation. We can easily use half our recoverable coal to add at minimum 500 billion barrels of oil.


Surprisingly there are basins yet to be examined including an Oregon/California basin.

Shale oil can be processed btw... just to cut that argument off.

So the US Oil Reserves that are technically recoverable exceed 3 trillion barrels.


http://www.upi.com/Business_News/Energy-Resources/2012/06/19/USGS-updates-oil-gas-reserve-estimate/UPI-72491340108759/ add that to 1 trillion barrels of reserves for the rest of the World.


I confess to rounding. 1.8 times the worlds oil supply in just the United States.


At the current 83 million barrels a day http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption this means the United States can supply the world for 100 years or itself for 500 years.

Additionally the USGS study on world supply does not account for future finds. They never predicted the oil off Brazils coast, and they seem inept at their job under Obama.


But currently, as it stands, we have 3 Trillion barrels to the worlds 1.665 trillion barrels.

I do expect the world numbers to go up... but not until Obama is out of office.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

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  • Zidi
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Re: US Oil Supplies

Shale Oil is recoverable. It just costs alot more then traditional Oil. Last time i check i think oil had to be over $100 for shale to economically viable. Its also a very environmentally unfriendly process, as it requires open cut mines. The 100 dollar figure is out of date, and i wouldn't be surprised if new technologies have brought this figure down.

The fact is Oil-shale can't be considered equal to traditional crude oil. There are many Shale deposits out there that many countries aren't including because they aren't viable.

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3 Reply by Noir (edited by Zarf BeebleBrix 27-Jun-2012 07:18:11)

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Re: US Oil Supplies

Lets use credible sources atleast smile

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2178rank.html


BOOOM open and shut case, US has nothing of the kind of proven reserves that [Flint] is claiming, he is a fraud. The fact that he digs up some arciles about recent "maybe" discoveris just goes to prove that he doesnt understand that term "proven reserves" he is quoting the "possible reserves if unicorns help us drill" reserves.

That may put US at a higher number, but it would do the same for about any other country and such you cannot compare that number for the US to proven reserves of other countries.

SOrry [Flint], Owned

LORD HELP OREGON

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Re: US Oil Supplies

Comparing "proven reserves" to other measures is stupid.

"Proven reserves" are a stupid measure on their own, too.

You dishonest wankers deserve each other.

[I wish I could obey forum rules]

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  • Noir
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Re: US Oil Supplies

But V.Kemp you have to agree that you need to compare apples to apples and oranges to oranges, regardless of wither or not you like apples!

You cant compare a conservative measure from the rest of the world to a wildly optimistic measure from the US.

LORD HELP OREGON

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Re: US Oil Supplies

The Asians who will swarm this country will be glad we left so much stuff untouched out of our quaint tribal taboos against strip mining

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

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Re: US Oil Supplies

You are correct, Noir. But apples are a shitty measure of oil reserves either way. There's no sense in comparing them at all. tongue

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  • Noir
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Re: US Oil Supplies

agreed

LORD HELP OREGON

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Re: US Oil Supplies

Einstein will not be held hostage by reason or the truth. tongue

It's funny because the US does have a lot of oil. He could make the argument we should be using more of it and subsidizing foreign oil companies less (wtf!?) without dishonesty. But he does anyway.

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10 Reply by Noir (edited by Zarf BeebleBrix 28-Jun-2012 15:33:28)

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Re: US Oil Supplies

I suspect if Mr. [Gorbachev] ends up an official in Oregon, there will be some hilarious youtube clips going arround

LORD HELP OREGON

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Re: US Oil Supplies

We should be so lucky. tongue

Unfortunately, the same bad we'd mock will prevent him from obtaining office. tongue

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