Just wondering why we are still buying Arab oil??
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?
They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:
- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it's all right here in the Western United States .
HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?
James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
Check your facts. Don't believe everything you get in a chain email....
Most of what you just posted is BS. Sorry to burst your bubble.
US has never been considered oil rich. Don't think for one minute that we have trillions of barrels sitting underneath us. Estimates put United State oil reserves at around 18 billion barrels. Consider that we use almost 20 million barrels of oil PER DAY, and we import roughly 3/4's of this... 20 mil x 365 days = 7.3 billion barrels per year used in US alone. 18 bil estimated reserves /7.3 tril barrels consumer per year in the US = roughly 2.5 years of oil in the US now @ current consumption rates. Not much at all. You can now understand why we import oil, cause we sure ain't gonna drill enough in the US to provide our demand...
Not much oil at all. There aren't trillions of barrels left anywhere. We have about 2% of the global oil reserves left...
Here's a good link for you...
http://gcaptain.com/wp-content/uploads/2007/09/who-has-the-oil.jpgIf you consider what we could produce if we did try and ramp up domestic drilling, our production would equal roughly 1-2% of the worlds daily demand. Hardly going to effect prices...Drop in the bucket. Although the fact that we spend > $700 trillion on oil per year, and 3/4ths of this is going to other countries does make you stop and think of the economic opportunities that we are missing...
You want gas prices lower? Decrease demand. The issue isn't the supply or where we are getting our oil, it's our excessive consumption..
I still think importing everyone elses oil isn't a terrible idea. Let the deal with the environmental consequences, and when they dry up, we have a backup supply ourselves...
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