Wasn't Obama adamantly against this about a month ago???Why has Obama FLIPPED on using strategic oil reserves?
He is just continuing his ';strategy'; in trying to find every available sucker in the U.S. to vote for him.Why has Obama FLIPPED on using strategic oil reserves?
It was just on TV that SEN McCain did exactly the same thing. It's what we want to hear and their advisors figured out (all by themselves) that their man should say it.
They don't call politics the art of the possible for nothing....IE it is what will happen.
The guy is cluelss. He never understands what he's saying, so he changes it at a drop of a hat. And the Democrats need to get their grubby little hands off our strategic oil reserves.
He has no real constructive agenda
No, he has not flipped here.
/ because he CHANGED his mind (again)
he just wants another vote-
anything for vote
yes he was
probably for the same reason McCain FLIPPED on Jesus...to get more votes...it's called politics, try and keep up with the rest of us
Wednesday, April 28, 2010
When large amounts of hidden oil reserves are found, it it true that it is called ';Peak-A-Boo Oil';?
I have to say I have never heard that term
How much oil is in the US oil reserves?
Here are some links that will tell you that there is a lot of oil in reserves and trust e there is probably even more. We will never really know because out government only tells us what they want us to know or believe and not the actual truth.How much oil is in the US oil reserves?
Oh I wish I were an oscar meyer weiner......How much oil is in the US oil reserves?
Not nearly enough
US oil reserves should never be used unless we're in a real war and the supply is cut off.
If our largest suppliers in the Middle East and Venuezuela suddenly stopped shipments, the US is in trouble.
So.. the reserves should only be used in a real emergency, and not just to reduce the gas prices by 15 cents.
Monday, May 1st, 2006
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world - more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. Three companies have been chosen to lead the way. Test drilling has already begun
Dear Reader,
Five months ago, the U.S. Energy Department announced the results of a land survey
It was conducted to determine the official amount of oil a thousand feet deep in the Rocky Mountains
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.
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.http://www.rinf.com/columnists/news/the-…
Not enough, or we wouldn't call is a ';reserve.'; If we had a referendum I would vote not to touch it unless there were an absolute, dire necessity -- not just to lower prices. We can always cut down on our driving, but we need heat in January up here in the NE.
i don'k know this but enough for war
If I remeber correctly they had this on CNN. The united states has about 10yrs worth of oil.
it should be 200,000 barrels i think but it may not be full
about 2 quarts
About 2 and a half gallons. And there is a few drops in my old truck.
not nearly enough to last us more than a year - we rely too much on the unstable mining conditions in the middle east to ever compete with them as far as oil reserves are concerned. americans really need to use less oil in case something happens where the government really needs to use our oil. i think each american should be personally limited to their own oil consumption.
don't believe cnn. we may have 10 yrs supply in our strategic oil reserve, however, there is no definate answer to that question, because geologists still discover new oil wells.
we are not going to run out, stop letting the terrorists in the media win.revlon
Oh I wish I were an oscar meyer weiner......How much oil is in the US oil reserves?
Not nearly enough
US oil reserves should never be used unless we're in a real war and the supply is cut off.
If our largest suppliers in the Middle East and Venuezuela suddenly stopped shipments, the US is in trouble.
So.. the reserves should only be used in a real emergency, and not just to reduce the gas prices by 15 cents.
Monday, May 1st, 2006
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world - more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. Three companies have been chosen to lead the way. Test drilling has already begun
Dear Reader,
Five months ago, the U.S. Energy Department announced the results of a land survey
It was conducted to determine the official amount of oil a thousand feet deep in the Rocky Mountains
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.
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.http://www.rinf.com/columnists/news/the-…
Not enough, or we wouldn't call is a ';reserve.'; If we had a referendum I would vote not to touch it unless there were an absolute, dire necessity -- not just to lower prices. We can always cut down on our driving, but we need heat in January up here in the NE.
i don'k know this but enough for war
If I remeber correctly they had this on CNN. The united states has about 10yrs worth of oil.
it should be 200,000 barrels i think but it may not be full
about 2 quarts
About 2 and a half gallons. And there is a few drops in my old truck.
not nearly enough to last us more than a year - we rely too much on the unstable mining conditions in the middle east to ever compete with them as far as oil reserves are concerned. americans really need to use less oil in case something happens where the government really needs to use our oil. i think each american should be personally limited to their own oil consumption.
don't believe cnn. we may have 10 yrs supply in our strategic oil reserve, however, there is no definate answer to that question, because geologists still discover new oil wells.
we are not going to run out, stop letting the terrorists in the media win.
Why hasn't the President opened the Federal Oil Reserves to assist Americans with gasoline price?
Because bush has no clue how much gasoline prices in the USA have gone up since he took office.Why hasn't the President opened the Federal Oil Reserves to assist Americans with gasoline price?
and 3 days after that What? We still have real oil in the USA but the Democrats STOP it from being Pumped out .Why hasn't the President opened the Federal Oil Reserves to assist Americans with gasoline price?
He needs it for war in Iran.
At a guess because the US government is controlled by corporations(including oil companies) who LOVE all the money they are making and pass that on to politicians who continue to make corrupt decisions.
Because president Bush is controlled by Oil companies and they are thrilled with these prices.
They are partying right now.
American oil fields are expensive to get opened.
New fields in Alaska cause more damage than good.
What everyone should do is to REDUCE oil spending.
Lets all stop filling for a week.
What the oil companies will do then?
Id think it would be better to start drilling in ANWAR and off the coast of California,build new nuclear power plants and build several new refineries as well
why would he do that if he can wipe out the middle class this way
Because enviroMENTAList nut jobs won't allow him.
Knight Ridder/Tribune Business News
Aug. 7--As expected, Interior Secretary Bruce Babbitt on Thursday approved opening the National Petroleum Reserve-Alaska to oil and gas leasing, and just as expected, environmentalists are less than elated with the way he's doing it.
Oil companies are unhappy that Babbitt's plan for the North Slope reserve won't allow them to look for oil where it's most likely to be found. And conservationists are upset that valuable habitat may not be protected as well as it should be.
opening federal oil reserves would not increase the amount of refined oil
be better to open ANWAR
They are strategic reserves. It would not effect the price. I have read no,NO, news that anyone is unable to afford the gas.
It is not the governments job to provide for you.
The oil reserves were not put in place to help you stay within your budget.
Perhaps a better question would be...Why hasn't any politicians suggested lowering Fed %26amp; State tax on gasoline?
and 3 days after that What? We still have real oil in the USA but the Democrats STOP it from being Pumped out .Why hasn't the President opened the Federal Oil Reserves to assist Americans with gasoline price?
He needs it for war in Iran.
At a guess because the US government is controlled by corporations(including oil companies) who LOVE all the money they are making and pass that on to politicians who continue to make corrupt decisions.
Because president Bush is controlled by Oil companies and they are thrilled with these prices.
They are partying right now.
American oil fields are expensive to get opened.
New fields in Alaska cause more damage than good.
What everyone should do is to REDUCE oil spending.
Lets all stop filling for a week.
What the oil companies will do then?
Id think it would be better to start drilling in ANWAR and off the coast of California,build new nuclear power plants and build several new refineries as well
why would he do that if he can wipe out the middle class this way
Because enviroMENTAList nut jobs won't allow him.
Knight Ridder/Tribune Business News
Aug. 7--As expected, Interior Secretary Bruce Babbitt on Thursday approved opening the National Petroleum Reserve-Alaska to oil and gas leasing, and just as expected, environmentalists are less than elated with the way he's doing it.
Oil companies are unhappy that Babbitt's plan for the North Slope reserve won't allow them to look for oil where it's most likely to be found. And conservationists are upset that valuable habitat may not be protected as well as it should be.
opening federal oil reserves would not increase the amount of refined oil
be better to open ANWAR
They are strategic reserves. It would not effect the price. I have read no,NO, news that anyone is unable to afford the gas.
It is not the governments job to provide for you.
The oil reserves were not put in place to help you stay within your budget.
Perhaps a better question would be...Why hasn't any politicians suggested lowering Fed %26amp; State tax on gasoline?
In which year do you think that oil reserves will come to an end?
They've been predicting oil would run out in 20-30 years for about a century now. At current rates of usage and with known reserves, we probably have about 30-40 years worth of oil. But things change. Efforts to curb global warming may accelerate the push to alternative energy, cutting oil usage. And an ironic effect of global warming may be that it makes new oil fields accessible in places like Greenland.
Stay tuned.In which year do you think that oil reserves will come to an end?
Interesting question. This issue has been discussed for decades, Around 1970, a movie called The Tragedy of the Commons predicted that the supply of gasoline as well as many of our mineral resources would be signficantly depleted by the 1990's. That didn't happen because technology allowed us to find new deposits and to stop using the existing resources for new; i.e. titanium. We won't ever run out; the more poignant question is how much are you willing to spend for gasoline. Is 5$ a gallon too high. European citizens are paying over 6.50 a gallon in certain areas.In which year do you think that oil reserves will come to an end?
When I was young, they said 2000. Now 2200 is the number I hear
They will never end since the amount oil reserves are determined by price. When the price of oil goes up the amount of reserves goes up because more difficult to get reserves become more profitable to extract. For example, there is more oil in the tar sands of Alberta, Canada than has ever been found in the Middle East. It is just not as easy to get.
2050
We'll never get the last drop; it'll just keep getting more and more expensive until the price drives down the damand. Eventually, other energy sources will replace oil, but they will not equal today's oil output until we get nuclear fusion power plants.
Many experts believe we are already at the peak of oil production; it's all downhill from here.
As far as Crude Oil deposits, probably 50-100 years with any luck. There are also vast amounts in shale deposits in North America, though it's not yet economically feasable to extract. Once the price of gas gets high enough, you can bet they'll start getting to it.
you,ll be long dead, dont worry.
About 40 years ago seems the offical estimate for coal reserve in va. %26amp; ky. was known to be 200 yrs. Present estimates have dropped drastically. The bible speaks of a people being'; ever learning and never able to come to the knowledge of the truth';, seems we have arrived. Don't put a lot of confidence in scientist they will have another estimate tomorrow.
When I was young they were supposed to be gone by now.
Stay tuned.In which year do you think that oil reserves will come to an end?
Interesting question. This issue has been discussed for decades, Around 1970, a movie called The Tragedy of the Commons predicted that the supply of gasoline as well as many of our mineral resources would be signficantly depleted by the 1990's. That didn't happen because technology allowed us to find new deposits and to stop using the existing resources for new; i.e. titanium. We won't ever run out; the more poignant question is how much are you willing to spend for gasoline. Is 5$ a gallon too high. European citizens are paying over 6.50 a gallon in certain areas.In which year do you think that oil reserves will come to an end?
When I was young, they said 2000. Now 2200 is the number I hear
They will never end since the amount oil reserves are determined by price. When the price of oil goes up the amount of reserves goes up because more difficult to get reserves become more profitable to extract. For example, there is more oil in the tar sands of Alberta, Canada than has ever been found in the Middle East. It is just not as easy to get.
2050
We'll never get the last drop; it'll just keep getting more and more expensive until the price drives down the damand. Eventually, other energy sources will replace oil, but they will not equal today's oil output until we get nuclear fusion power plants.
Many experts believe we are already at the peak of oil production; it's all downhill from here.
As far as Crude Oil deposits, probably 50-100 years with any luck. There are also vast amounts in shale deposits in North America, though it's not yet economically feasable to extract. Once the price of gas gets high enough, you can bet they'll start getting to it.
you,ll be long dead, dont worry.
About 40 years ago seems the offical estimate for coal reserve in va. %26amp; ky. was known to be 200 yrs. Present estimates have dropped drastically. The bible speaks of a people being'; ever learning and never able to come to the knowledge of the truth';, seems we have arrived. Don't put a lot of confidence in scientist they will have another estimate tomorrow.
When I was young they were supposed to be gone by now.
Is it time the government opens the oil reserves to ease gas prices?
Hahaha! DRAGON hits P%26amp;S with a serious question on Bizarro P%26amp;S Day.
DRAGON 2008
';I BELIEVE IN U.S.';Is it time the government opens the oil reserves to ease gas prices?
100% yes!Is it time the government opens the oil reserves to ease gas prices?
Even with oil reserves open, the big oil companies will keep the price way up to make more of their unreasonable profits. The reserves should stay closed to guarantee availability in the future.
Yes and drill off the Fla coast
DRAGON 2008
';I BELIEVE IN U.S.';Is it time the government opens the oil reserves to ease gas prices?
100% yes!Is it time the government opens the oil reserves to ease gas prices?
Even with oil reserves open, the big oil companies will keep the price way up to make more of their unreasonable profits. The reserves should stay closed to guarantee availability in the future.
Yes and drill off the Fla coast
Would releasing the US oil reserves help to bring the gas price down ?
To answer your question;
No, because the current prices are more due the fact that there is no refinery capacity to make more gasoline available. If we build more refineries that would lower the price of gasoline, because more of it will be available. The problem is not a shortage of oil.Would releasing the US oil reserves help to bring the gas price down ?
If you are talking about drilling for more oil, yes they prices will come down. If you are talking about the strategic oil reserves, No there is simply not enough.Would releasing the US oil reserves help to bring the gas price down ?
Yes, but it would have a very small effect. It would be like adding a few drops to a huge barrel.
Maybe a dime or two, for a month or two, but that's about it.
With Exxon making 75k a min. in 2007 I would say that using our surplus is not the problem. We go after small gas stations for price gouging but never the root cause. I say the oil that America uses should be people owned and no profit made, we will just pay the private corporations to get it out of the ground for us.
for a few weeks, yes.
Easy way the goverment isn't endorsing is to stop taxing it...right now in Florida we are paying about 44 cents per gallon in taxes.
In a word nope.
Sure, for about a day.
Absolutely and it would also show these nasty little countries that we don't want or need them and would effectively shut them up.
No. Less oil reserves would drive futures up. Do you know why the oil investors price oil so high? The same reason why a dog licks his nads - they can.
Marginally, at best.
In theory, it could create more of a supply, but it might also set of some sort of speculative panic (';Why is the US releasing the oil reserves? Are things that bad?';), and this would force prices higher.
That plus the addition of new refineries, and new drilling yes.
Yes, but developing electric cars would bring them down more quickly.
Also, if everyone boycotted Mobil then after some time Mobil would have to lower its prices to fight the boycott, which would result in its competitors lowering their prices to compete with Mobil.
Doubtful. A lot of the current prices revolve around increased global consumption combined with decreased value of the dollar.
Yes, providing that the left wing nut jobs let us build new refineries as well
Yes... but only a little bit and only for a little while.
The problem is the growing demand for gasoline and fuel in India and China.
We were so nice to help give them an economic boom... but too dumb to think of the long term consequences.
not so much
not in the short term. the refineries need to be built, that takes many years. but once they are operating, sure that will help lowering prices. developing alternative fuels will be the key since alternative fuels are replenishing itself.
No, because the current prices are more due the fact that there is no refinery capacity to make more gasoline available. If we build more refineries that would lower the price of gasoline, because more of it will be available. The problem is not a shortage of oil.Would releasing the US oil reserves help to bring the gas price down ?
If you are talking about drilling for more oil, yes they prices will come down. If you are talking about the strategic oil reserves, No there is simply not enough.Would releasing the US oil reserves help to bring the gas price down ?
Yes, but it would have a very small effect. It would be like adding a few drops to a huge barrel.
Maybe a dime or two, for a month or two, but that's about it.
With Exxon making 75k a min. in 2007 I would say that using our surplus is not the problem. We go after small gas stations for price gouging but never the root cause. I say the oil that America uses should be people owned and no profit made, we will just pay the private corporations to get it out of the ground for us.
for a few weeks, yes.
Easy way the goverment isn't endorsing is to stop taxing it...right now in Florida we are paying about 44 cents per gallon in taxes.
In a word nope.
Sure, for about a day.
Absolutely and it would also show these nasty little countries that we don't want or need them and would effectively shut them up.
No. Less oil reserves would drive futures up. Do you know why the oil investors price oil so high? The same reason why a dog licks his nads - they can.
Marginally, at best.
In theory, it could create more of a supply, but it might also set of some sort of speculative panic (';Why is the US releasing the oil reserves? Are things that bad?';), and this would force prices higher.
That plus the addition of new refineries, and new drilling yes.
Yes, but developing electric cars would bring them down more quickly.
Also, if everyone boycotted Mobil then after some time Mobil would have to lower its prices to fight the boycott, which would result in its competitors lowering their prices to compete with Mobil.
Doubtful. A lot of the current prices revolve around increased global consumption combined with decreased value of the dollar.
Yes, providing that the left wing nut jobs let us build new refineries as well
Yes... but only a little bit and only for a little while.
The problem is the growing demand for gasoline and fuel in India and China.
We were so nice to help give them an economic boom... but too dumb to think of the long term consequences.
not so much
not in the short term. the refineries need to be built, that takes many years. but once they are operating, sure that will help lowering prices. developing alternative fuels will be the key since alternative fuels are replenishing itself.
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