For the record, conservative estimates put the total amount of recoverable
oil in the U.S. in conventional deposits at about 39 billion barrels.
Offshore there is another 89 billion or thereabouts. In ANWR, 10 billion
barrels.
In oil shale deposits, there is more than 1 trillion barrels of oil. --
about four times the total reserves of Saudi Arabia! And if estimates of
shale reserves as high as 2 trillion barrels are true, that would be a
300-year supply of oil just from shale.
In addition, according to the American Petroleum Institute, Federal lands
hold 651 trillion cubic feet of natural gas, enough to fuel 60 million
households for 160 years. It is pure politics by the irresponsible Democrat
Party to please their environmental wacko lobby that these resources remain
untapped and the country remains vulnerable to pariah petrostates like
Venezuela, Saudi Arabia, Libya, Iran and others who wish the U.S. ill (17 of
the 9/11 suicide bombers were Saudi). But there is currently strong
pressure from the U.S. public to proceed with drilling in previously
unexploited areas.
As far as the remark that "America will become poorer and therefore have
less to squander on invading the rest of the world" -- a reminder. It was
the liberation of Europe by the United States that all of Europe doesn't
speak German as their universal language. And fifty million Iraqis and
Afghans also call it "liberation" not "invasion" as has been suggested....
----- Original Message -----
From: "Gabe Menezes" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>; "Goa's premiere mailing list, estb. 1994!"
<goanet@lists.goanet.org>
Sent: Saturday, July 05, 2008 4:53 PM
Subject: Re: [Goanet] Advantages of Oil @ $ 200 a barrel
2008/7/5 ralph rau <[EMAIL PROTECTED]>:
There are some definite "benefits" including:
(1) America will become poorer and therefor have less wealth to squander
on invading the rest of the world.
(2) America and the rest of the world will just have to use less oil.
This means less CO2 emmissions. Humankind will get some relief from
global warming.
(3) The world will finally be incentivised to develop alternate
technologies which have been postponed for too long due to dirt cheap oil
which just 7 odd years ago was below $ 20. After all,t oil production has
peaked and the world will run out of oil in less than 100 years - maybe
in 50 or 75 years.
Oil at $ 200? Yes...bring it on.
Ralph Rau
Dubai
RESPONSE: You might be out of a job, oil in the ground is no good to
