Americans deserve to get screwed. They are so brainwashed into deifying
" the Market," that it's perfectly OK for businessmen to rip them off to
the tune of tripling the price of oil. But just let a politician raise
their taxes by 5% to pay for drugs for the elderly, or for education, and
they are ready to revolt.
People this dumb don't deserve to run their own affairs. They NEED an elite
to run their lives.
Look at how the Europeans are handling getting screwed by big oil. Are
THEY bending over? Are THEY letting their governments run interference
for big business? Are THEY using petroleum based Vaseline? Hell no!
&&& I'm proud to be an American,
where at least I know I'm free...
Da da da da, something, something...........&&&&&&&&
Joshua2
==============================================================
There's plenty of cheap oil, says the
U.S. Geological Survey
The debate over this summer's skyrocketing gasoline prices-an issue
that has drawn the ire of both U.S. presidential candidates, Congress
and the Federal Trade Commission-obscures what may be a larger truth:
there's gobs of oil out there.
In June, after a five-year study, the U.S. Geological Survey raised its
previous estimate of the world's crude oil reserves by 20 percent, to a
total of 649 billion barrels. The USGS team believes the largest reserves
of undiscovered oil lie in existing fields in the Middle East, the northeast
Greenland Shelf, the western Siberian and Caspian areas, and the Niger
and Congo delta areas of Africa. Significant new reserves were found in
northeast Greenland and offshore Suriname, both of which have no
history of production. "What we did is look into the future and predict
how much will be discovered in the next 30 years based on the geology
of how it gets trapped," explains Suzanne D. Weedman, program
coordinator of the USGS World Petroleum Assessment 2000. "We also
believe that the [oil] reserve numbers are going to increase."
Besides relying on geological surveys, the USGS also based its numbers
on changes in drilling technology that are making it easier to find new
supplies and to squeeze more oil out of existing fields. Petroleum
companies are flushing out oil with pressurized water and carbon dioxide
and using improved robot technology to construct offshore drilling rigs
in up to 3,500 feet of water. They are also conducting three-dimensional
seismic imaging of underground and underwater fields.
The idea of an expanding "reserve growth" of undiscovered oil isn't
shared by everyone. Colin J. Campbell, an oil industry analyst based in
Ireland, believes the USGS estimates are overly optimistic. "It's only the
low end of this scale that has any practical meaning; the other end of the
scale is a very bad estimate," argues Campbell, who warned of an
impending crunch, based on projections of current production and
reserves, in an article in Scientific American ["The End of Cheap Oil,"
March 1998]. Weedman says the USGS report is documented with
32,000 pages of data. "We've looked at all the information," she states,
"and tried to predict on the basis of science and not on past [oil]
production."
--Eric Niiler
ERIC NIILER, a journalist based in San Diego, described the vanishing
biodiversity on Guadalupe Island in the August issue.
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