Originally Posted by GatorB (Post 14103388)

Well I'm not making up anything. There are maybe at most 10.4 billion barrels of oil there. We currently use 24 million a day. Do the math. 24 million divided by 10.4 billion = 433 days worth of oil. Of course you can't get all the oil out at once and if you spread it out over 25 years that area would supply about 4% of our oil needs daily if our needs didn't increase over the next 25 year which they would. Everyone drivng a car that got 32 MPG would save more barrels of oil that that.

Originally Posted by WhiplashDug (Post 14103522)

the purpose of the production is not to be the sole source of oil - but to further increase domestic production and create a larger buffer against OPEC and other not-so-friendly oil producers. The more sources - the more stable the price.

Originally Posted by GatorB (Post 14103437)

Too good to be true

"Thursday, April 10, 2008
The USGS has estimated mean recoverable reserves of 3.65 billion bbls, and the estimate does not cover the Canadian portion of the Bakken. "

So much for 200 billion. About 5 months worth of oil.

Originally Posted by GatorB (Post 14103568)

Appearantly you don't fucking read. I nevr said it would be sole source you " I don't read an entire post" fucktard. At most it would be about 4% of our needs. Big whoop. Now go back to grade school and learn to READ. man it pisses me off when someone post crap about one of my post and doesn't even bother to READ the god damn post they are responding too.

Originally Posted by PenisFace (Post 14103299)

I'm thinking about buying a Honda CBR125. It sort of looks like a sport bike, but has one cylinder, and gets like 100mpg :1orglaugh

It's only like 3 grand too.

Originally Posted by WhiplashDug (Post 14103609)

lol.. easy turbo. light one up and tilt your chair back. time to take a break.

Originally Posted by WhiplashDug (Post 14103641)

There is also - 1.5 trillion barrels of Oil in the shale in Colorado. Shale oil production, is not cost effective if Oil prices are less than $100 a bbl. So now that oil is $120 - we shall see what new production begins in that region.

However, that does not mean vastly cheaper oil prices. Because the cost to extract the shale oil is so much higher. But it does mean, that if the OPEC sources and Chavez want to keep pushing up the prices - we really can tell them to piss off - and keep the money here in the US!

Originally Posted by Socks (Post 14103655)

Does anyone here know enough about the stock market and oil companies to know which companies are going to benefit in 5+ years time with their shale oil land ownership?

I don't see gas prices stabilizing, I don't think anyone does.. Could be a great time to get into whatever the next oil thing that becomes profitable is.

Oil sands in Alberta weren't profitable, it was too expensive, yadda yadda.. Now it's like the wild west out there, industry is booming.

Originally Posted by Jenny S. (Post 14102813)

We are getting scammed out of about 60-70 cents per gallon in average, here in the US. I was in Europe/Frankfurt and saw about $ 7.50/US Gal. (=Euro 1.29/liter) for regular at the pump (diesel is cheaper there, here they tell us it's expensive because of world-wide demand, yada yada). A sticker at the gas station said gas in Europe contains 75% taxes including the 19% sales tax. This means, the gallon regular without tax costs about $ 2.50 there, am I right.

Now, in the US I pay about $ 3.50/Gal., but it contains only 15% taxes, which is $ 0.35, right? This leaves about $ 3.15. cost for our shitty regular and means that the gas at the pump in the US is about $ $ 0.65 higher than in Europe. If you live in CA the scam is even more significant, there you pay about a buck more.

Considered the A Class Mercedes diesel rental got about 58 mpg at highway speeds of 100 mph, and considered that driving distances in tiny Europe are often short, I came to the conclusion that Americans are getting fucked royally by somebody.

I am not sure where this $ 0.60- 1 buck goes, I just hope it's not the "tree huggers" again, filling their dirty pockets with our money.

Originally Posted by Will Black (Post 14104241)

Sounds to me like everyone is fucked!

Originally Posted by Jenny S. (Post 14104306)

Not everyone, my friend, not everyone...

http://img170.imageshack.us/img170/3...dullah2vy7.jpg

Originally Posted by WhiplashDug (Post 14103600)

If you read the reports.. the 3.65 billion bbl # is what is suggested is what is RECOVERABLE with current technolgy. The total oil is still estimated as high as 200bl brl.

Originally Posted by baddog (Post 14102782)

Around 1980 my parents purchased a Rabbit because diesel was so much cheaper than gasoline, and somehow my dad could eek out 50 MPG.

Now it seems like diesel is $.30 - .50 more expensive than gasoline.

Anyone know why that is?

Originally Posted by Dennis Rodman (Post 14104325)

The only thing that is fucked in this thread is your dumb ass imageshack hosted photo that nobody can see.

Originally Posted by Sexentertain_mike (Post 14103596)

I keep hearing from "scientists" that we aren't running out of oil. Just cheap drillable oil. There apparently is a shit load of shale oil under the sea that is just not cost effective to drill for at this point

I want the compressed air car I just saw on CNN last night. Bad ass car at next to nothing to operate

Originally Posted by GatorB (Post 14104355)

If the government had stopped funding solar 25 years ago we'd have solar power cars by now. Not only is it FREE and doesn't emit pollution we have 4.5 billion YEARS worth of it left.

Originally Posted by tony404 (Post 14104376)

You are so right but the oil lobbys wont let that happen. To me what Bush should of said after 911. We are pulling totally out of the middle east and all the resources and power of the federal government will be focused on getting us off oil by 2006. We are funding terrorists thru our consumption this has to stop immediately.
It would of created a economy like never seen before.

Originally Posted by WhiplashDug (Post 14103079)

As for oil running out... thats now debateable. Over the last few years, a number of new theories have surfaced that suggest some oil fields are growing. If thats true, then oil may not be solely - fossil fuel.

Originally Posted by banthis (Post 14105401)

NYC gas prices make me want to cry.. especially if your car takes premium only :Oh crap

Originally Posted by baddog (Post 14105772)

What car takes premium only?

Originally Posted by CheeseFrog (Post 14105792)

Any high compression or forced induction car requires premium. All Porsches, Subaru WRX's, Dodge SRT's, Corvettes, etc. I have a car that takes only 116-118 octane @ $12/gallon. And I gotta buy it in 55 gallon drums at a time. :-/

Originally Posted by Bike (Post 14105720)

you american people lol

i cant believe you honestly think $1/liter is a lot :) we're already at $2.5/liter

Originally Posted by WhiplashDug (Post 14103350)

TRUE PRODUCTION WOULD RUN 25 YEARS

First, environmentalists took the lowest possible estimate of the ANWR's potential recoverable oil reserves -- about 5.7 billion barrels--and cut it by roughly 40 percent to around 3.4 billion barrels. Then they assumed that the oil would be produced at roughly 19 million barrels per day (b/d).

But the most likely estimate places the ANWR's recoverable reserves at an estimated 10.3 billion barrels -- more than three times the amount these environmentalists claim.

Moreover, any geologist would tell you that the notion of producing oil from the North Slope at a rate of 19 million b/d is sheer nonsense for at least two reasons.

First, when an oil field is brought into production, it takes time to reach its optimum output. After it does, it begins to decline as the resource is exhausted.

In the case of the ANWR, it is expected that production would build to 2 million b/d and then decline. In practice, this means the ANWR would produce for at least 25 years -- not six months.


...... read full story

Originally Posted by skrinkladoo (Post 14103537)

anyone remember what the price of gas was from say - '94~'00?

Originally Posted by After Shock Media (Post 14105847)

Many Americans can not really drive less often. Serious urban sprawl, lack of any decent public transportation, and well many people drive 60 to 120 miles to work. That does not even take into account food transportation and such. Getting something from West Coast to East Coast is not exactly cheap on the gas, specially when refrigerated trucks are involved, and then the damn food itself is wrapped in oil byproducts.

Originally Posted by Dennis Rodman (Post 14102406)

How long until the US becaomes like China or Korea or some shit and there are a billion people riding bicycles everywhere? Almost $100 to fill up my truck when I still had gas in the tank.

I need a moped.

Originally Posted by Paul Markham (Post 14105896)

They don't need to drive around in those gas guzzling trucks they call people carriers. Driving on the 5 or 10 up to LA from OC and you soon see where the problem is. As for all those open back trucks and four wheel drives that look like they have never seen a field, well.

Half your fuel bill, drive a more economical car.

Originally Posted by YDG (Post 14105952)

Last weekend I filled up My BMW x5 which has quite a big tank. Cost me £92 (approx $185)

Now that hurts!

Originally Posted by Fletch XXX (Post 14106221)

Why webmasters complain about gas prices I will never know...