Check out this link regarding the 4.3 billion barrels of oil discovered in the U.S but what are we doing about it? What are your thoughts?
What are you doing about it?
Hanging on to it so you have some left when you've used up the rest of the worlds oil!
Even if the upper estimate of 4.3 billion barrels is correct and all of it is technically recoverable (which may or may not be the case), the US uses approximately 6.5-7 billion barrels of oil per year, so 4.3 billion barrels would be enough to give us about 7-8 months of oil.
Cindi h, 4.3 billion gallons of oil is not that much oil for the United States. At our current consumption rate we will burn through this much oil in about 7 months. It will not last that long. Also it will probably take years to go through the paper work and regulations to obtain the leases and rights to drill for this oil. It is not that simply.
We are pillaging the worlds supplu before depleting our own. The time is now to move away from oil. The technology exists now. STOP THE MADNESS
i found it in my back yard last week, sold it for a nice profit
4.3 billion bbls is just a drop in the bucket. You'all be coming for our oilsands cause its the only supply in the world than can satisfy the U.S. Our 1.7 trillion bbls should last the U.S just about forever, unless you would rather get it from ghaddafi and co. and keep shelling out a trillion a year in defense spending protecting it. You don't even have to invade us. We will sell it to you freely.
You have to remember this is the US we would rather spend trillions protecting our interests than buy from a friend. Don't ask me why it never made any sense to me. I also have no idea why we don't power more of our vehicles with renewable resources. There is a finished Bio Diesel plant about a mile from my house that is sitting and doing nothing. Can't be because there is a shortage of soybeans. It might be that we are using middle east oil first so they won't have any in the future.
Well that was kinda my point. With other resources available that are less 'troublesome' to come by, why would our government continue to rely on foreign oil reserves?
Partly because a lot of Canadians aren't thrilled about their country being turned into this:
And partly because oil sands have a really low EROEI of about 3:1, so you only get 3 gallons of oil for every gallon used to extract it, which is worse than most renewables. Substantially worse, even.
by qwark5 years ago
There is enuf oil in the "Bakken" oil reserve to fuel the American economy for 2041 years straight!We now have access of up to 500 billion barrels. And because this is light,sweet oil, those...
by SparklingJewel6 years ago
I truly want to know if these are valid reasons...or are they perspective on what "could" happen, or just totally absurd possibilities. If you have proof to validate or deny these reasonings, I genuinely would...
by Flightkeeper6 years ago
The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history; the one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal...
by OLYHOOCH5 years ago
OIL---you better be sitting down when you read this ! !You "will" pay $5 a gallon + again and you won't complain loud enough to make a difference, RIGHT!Here's an astonishing read. Important and verifiable...
by tobey1005 years ago
Over $14 trillion in deficitApproximately 99% debt to GDP ratioCan you spell depression?Credit rating downgrade9% unemployment20% real unemploymentGas prices skyrocketFood prices skyrocketClothing prices skyrocket1...
by qwark5 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now,...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.