Quote:
The US opened up ANWR, the North Seas nations opened up production there, Canada opened things up, and then they flooded the market with oil, driving the price of oil down below the cost of replacing the oil fields that are being depleted.
The result has been that the US oil fields, the North Sea oil fields, and many others are reaching their end of life in about a third the time that the early fields found in the US in Texas, Oklahoma, California, began to fall off in production.
|
Dude, you are serious misguided.. ANWR is not open as you have implied... This month congress BLOCKED ANWR ,......
Newsmax.com - Senate Blocks ANWR Oil Exploration
Quote:
Senate Blocks ANWR Oil Exploration
Wednesday, May 14, 2008 3:17 PM
By: E. Ralph Hostetter Article Font Size
The U.S. Senate voted on Tuesday, May 13, to block oil exploration in the Arctic National Wildlife Refuge (ANWR) and the offshore areas of the Pacific and Atlantic coasts.
|
Now he answered the OP with a YES, YES, YES, and he is only half right at best. I do not have all the facts and figures but rest assured Congress has NOT entirely opened up many billions of barrel of oil that could be sucked out in a heartbeat since we know it's already there. More exploration, having been blocked means only a tiny fraction of ANWR (if any at all) will be pumped out and it won't make any significant difference. Furthermore, this idea that states like mine(Oklahoma) have been tapped out is absolutely ridiculous!
I have mention many times before on OIL related topics the only expert I personally know, which is a geologist with over 40 years in the oil industry having lived in Alaska (surveyed ANWR and other potential Alaskan fields and part of government surveys not yet made public on oil reserves), lived in Texas and studied the gulf and the last 10 years before retirement here in Oklahoma, whom is my uncle...... he talks OIL reserves and I get confused but he is absolutely convinced that, we the public, are being lied to with fears of how little oil there actually is. As for Oklahoma, he claims we are floating on it with 1 exception. In his words there is no such thing as a DRY WELL in Oklahoma but what they call a dry well means that a well pit will take way too long to refill before it's worth it to draw the oil out and wait for the pit to refill..... He also claims that is the case in texas (the entire state)... So the oil may come slower but it's consistant and will essentially keep refilling to the point of being pooled enough to remove. The coast, he claims, has such a TINY amount of exploration it's hard to predict but from his vantage point it looks as if we are estimating (for the public knowledge) about 20-30% of what most likely is there. he's also quite upset we are letting other countries drill OUR OIL ON THE COASTS but we refuse to let our own oil companies drill it...
So, before you freak about an oil shortage just remember how many times your government has lied to you in the past. Also remember the entire world wants to drill our coastline! China is already drilling here but our own oil companies cannot!
Blame congress, not the president solo but the entire congress. Blame them for letting other countries take OUR OIL..........
Look up the coast of Florida for China Oil Drilling!