Why is America sitting on some of the largest oil reserves in the world until they become worthless?
Why, with America sitting on some of the largest petroleum reserves in the world, is the strategy to sit on them until it is worthless? Oil IS a finite resource, but while we are developing and refining a financially viable alternative, why aren't we producing and selling TO the rest of the world instead of being dependent? Couldn't we just remove the red-tape and restrictions that prohibit development? All it would do is put hundreds of thousands of people to work, generate billions of tax dollars to reduce the deficit and totally revitalize the economy. What is wrong with that?
Oil? Become worthless? I think not.
As for the red-tape, I understand that there are environmental factors to consider. The US isn't exactly known for enforcing effective regulation, so I wouldn't be surprised if they let BP drill out oil with barrels of explosives. Not safe for the environment, and certainly not safe for workers.
Plus, there is the fact that having more oil in circulation makes people less interested in alternative energy. If oil remains the cheapest source for power, why would someone driving a recreational monster truck want to ride in a hippy sedan?
Since nobody actually cares about the environment, I feel that it is important to have artificial restrictions in place to stop the global warming that nobody seems to believe exists.
Alrighty then. That's my rant for the day.
This one is an easy one to answer. You politicians on the left that have rely heavily on the environmentalists money, and in the name of the environment, block basically all the use of our oil. What the question should be is, how can you say drilling for our oil is bad, but letting others drill it, and pay them for it is good. I agree with you Rheagl, we need to get rid of the tape, allow the drilling. But then again, if the government started created jobs, bringing money into the people's hand, and making those people less dependent on Government hand outs, the left would have nothing to scare the people with from the right. The left fears people being in control of their own lives, and will do everything they can stop it. Even if it means costing our country.
Oil will not become useless in your lifetime ( whether you are 80 or 20) or even in your grandchilds.................
Hold your reserve.........hold it until IT is what the world wants.
I , understand, that many Americans, cry out to release our "reserves"...............it IS our Ace card..............do not play it too early in the game.........once, you do it is GONE.
HOLD our own supply.............OPEC can cut off the supply..........devestations can cut off the supply...........hold our reserves............hold them.............
there is NO expiration date on oil. HOLD them until there is no other possible choice..............
They will not become " worthless" for several, many, generations..............remember muscle cars, classic autos,.............people will hold out..............we must hold out on fuel supply.......................
This is not the time to release our " reserves"..........................no, cheaper gas is not worth our independance...............I spend about $125 in fuel each week.......my hubby does a bit better at $100.....I understand the cost of my position, take the bus, if you can ( not available to me), ride your motorcycle, or your bicycle, carpool...........do what you can to save, what you can...........there will come a day, when this, too, will look 'economical' or 'cheap'................My first gallon costs .27 cents, and I walked to the store to buy it for the tractor.
HOLD YOUR RESERVES...........otherwise, the very word " reserve" loses all meaning.
FUEL will not become 'worthless' for many generations to come. HOLD IT, like it was gold.....I assure you, one day, for some markets, it will be .
An "ouch" does not require stitches!
The United States has been selling lots of oil. Most people do not know this, for some odd reason. There is no shortage - the shortage is manufactured by the oil corporations to keep the prices high. Just google "United States sales of oil" and You wuill get news stories such as this: http://finance.yahoo.com/blogs/daily-ti … 52881.html
All lies flying around ... just to keep drilling into the common man's pocket at the pump. A rotten business ...
by couponalbum 7 years ago
For how many coming years the oil reserves of whole World can serve humans?How much oil is left in world's oil reserves? Are we ready for an oil-free world?
by ahmed.b 6 years ago
When do the earth oil reserves be over? and the world would be then?When do experts expect that the oil reserves be over and we have to completely shift on other energy sources?
by Leslie Mccowen 6 years ago
Boehner says they have been working waaaaay too hard....time for another vaca.What do you say, $10,000 that they go to Tahiti?
by peterxdunn 7 years ago
It is being reported that Saudi Arabia's oil reserves may have been overestimated by as much as...40%. This would mean that the consequences of Peak Oil are going to hit home (a lot) sooner rather than later. What impact is this going to have upon the prospect for growth in World economy - bearing...
by ahorseback 20 months ago
I grew up during the sixties and back then just as now...
by peterxdunn 6 years ago
Will we have to face the consequences of 'peak oil' sooner rather than later?It has been reported that Saudi Arabian oil reserves may have been over-estimated by as mucn as 40%. This statistic has been given further credence by news released over the last couple of days that the kingdom is going to...
Copyright © 2018 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.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|