Why is America sitting on some of the largest oil reserves in the world until th

Jump to Last Post 1-5 of 5 discussions (5 posts)
  1. Rheagl profile image78
    Rheaglposted 6 years ago

    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?

    https://usercontent2.hubstatic.com/5479769_f260.jpg

  2. mortimerjackson profile image56
    mortimerjacksonposted 6 years ago

    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.

  3. dagda3772 profile image59
    dagda3772posted 6 years ago

    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.

  4. onegoodwoman profile image75
    onegoodwomanposted 6 years ago

    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!

  5. Mr. Happy profile image83
    Mr. Happyposted 6 years ago

    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 ...

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis 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.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe 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 PixelsWe 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.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)