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Rocky Mountain Oil
The Rocky Mountains house the largest oil shale deposits in the world. Shell Oil and the U.S. government are taking steps to tap into it with an in-ground heating method.
www.nuwireinvestor.com -
BIGBUCK20
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minsterbuckeye
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gpracer73 said...
Wait, i am confused, I have seen posted on this board by some freindly folks from the far left that the USA is producing more oil now than it has for decades? that Obama alone made this happen. http://www.usatoday.com/money/industries/energy/story/2011-12-16/us-oil-boom/52053236/1
Now you come along and say that our production was maxed out over 30 some odd years ago?
So i should be dumb enough to beleive the folks making the claim that we are producing more now than ever? or dumb enough to belive your statement?
@542BlueBuck
zeke_tolliver
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minsterbuckeye
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zeke_tolliver said...
GP,
U.S. oil production did peak in the 70's. Nowhere in the article you referenced does it claim that the U.S. is production more oil than previous decades. However, I believe you are referencing the following:
"...The U.S. has reversed another decades-long trend. It began producing more crude oil in 2008 than the year before and accelerated that upswing 3% in the first nine months of this year compared with the same period in 2010. That production has helped reduce U.S. imports of crude oil by about 10% since 2006."
If you read closely, you realize that U.S. oil production began exceeding the previous year's , rather than decreasing in 2008 and the trend has continued through 2011. What this means is that oil production experienced marginal increases in oil production from 2008 thru 2011. That is a far cry from producing more oil than we have in decades. Before the recent up-tick, our nation's oil production DECLINED for more than 30 years. We are NOT producing more oil than we did 30 years ago, we're producing more oil than we did 3 years ago.
This is a positive sign, but, outside of a major discovery of sweet crude, producing shale oil and tar sands oil is not going to significantly reduce the amount of oil that our nation imports (we don't think we even import from Iran, by the way...though our Allies do).
You see, the article also references the fact that in 2010, the U.S. consumed more domestically produced oil than imported oil, and then distorts that view to say that the U.S. is a "net exporter" of petroleum products. But, if you do the math, we're STILL importing 49% of the oil we use.
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Urban_Meyer said...
That wouldn't work because we simply don't have enough oil left to make a dent in prices here. Our oil production maxed out in the early 70s and has been steadily sinking ever since because we just don't have the reserves left to raise production. Newt is just throwing a sop out to anyone dumb enough to believe it.
www.miamiproject.miami.edu/
Buckeye Warrior
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Urban_Meyer said...
That wouldn't work because we simply don't have enough oil left to make a dent in prices here. Our oil production maxed out in the early 70s and has been steadily sinking ever since because we just don't have the reserves left to raise production. Newt is just throwing a sop out to anyone dumb enough to believe it.
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surfscoter said...
Urban, two things are obvious about you from reading this and your other posts:
1. You don't know the facts of the petroleum industry, especially the new technologies.
2. You are a Re-Elect Obama, Dyed In The Wool Liberal whose posts are consistently ill informed and skewed to make Zero's towering ego and ineptitude look at least marginally competent in the hope that $4/gal. gasoline and rising food prices won't be noticed by the rest of us.
You're not looking for honest debate or even facts, just to demean any candidate (Republicans), fact (increased oil production last year, Obama's muslim education and beliefs), or ideology (Christianity) which might impede Obozo's re-election. You seek to divert attention from Obama's record.
If those of you reading think you and the Country are better off than you were four years ago, keep reading this guy's posts. The rest of us are wasting our time.
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Urban_Meyer
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surfscoter said...
Urban, two things are obvious about you from reading this and your other posts:
1. You don't know the facts of the petroleum industry, especially the new technologies.
2. You are a Re-Elect Obama, Dyed In The Wool Liberal whose posts are consistently ill informed and skewed to make Zero's towering ego and ineptitude look at least marginally competent in the hope that $4/gal. gasoline and rising food prices won't be noticed by the rest of us.
You're not looking for honest debate or even facts, just to demean any candidate (Republicans), fact (increased oil production last year, Obama's muslim education and beliefs), or ideology (Christianity) which might impede Obozo's re-election. You seek to divert attention from Obama's record.
If those of you reading think you and the Country are better off than you were four years ago, keep reading this guy's posts. The rest of us are wasting our time.
www.miamiproject.miami.edu/
Buckeye Warrior
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Buckeye Warrior
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Buckeye Warrior
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