US Oil Reserve Holds 3 Trillion Barrels, 3x the amount consumed in the last 100 years

[Rarely-Wrong Liggins]

Actually I was posting an interesting news story. You seem hurt by it for some reason.

Leaving three trillion barrels in the ground? Doubt it.

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[zerozero]

Actually I was posting an interesting news story. You seem hurt by it for some reason.

Leaving three trillion barrels in the ground? Doubt it.

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breh this is HL. if you come in here on some drill baby drill sh1t people are going to call you out on it. There are no 3 trillion barrels in the ground. This is shale oil that they're going to have to trash and pollute your country to extract. Arabs live like "sheikhs" cause a lot of that oil is in state partnerships and the surplus is used for huge projects for the country, infrastructure and welfare. This stuff is going to go straight into Exxon's pocket and the oil is going to get sold on the world market at high prices meanwhile you guys will be subsidizing them!! While your roads and bridges keep crumbling. Bad idea.

 

[Brown_Pride]

right now somewhere an exxon exec just creamed his pants thinking about how he's going to make billions while being subsadized AND paying no taxes.

It's the "hat trick" of public rape.

 

[Rarely-Wrong Liggins]

Damn I need your crystal ball.

I didn't give a real opinion on the matter one way or another. You however seem highly bothered by the thought of a non OPEC nation having and making huge profits from oil production.

What evidence do you have that there aren't three trillion barrels in the ground? If they're down there, it will be recovered when financially and technologically possible and they're already working on it. Oil dependence is extremely high and as long as it remains a viable fuel source it will continue to be. When it comes to profits the environment takes a back seat. And let's not act like the current oil recovery process is a green operation.


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[zerozero]

Damn I need your crystal ball.

I didn't give a real opinion on the matter one way or another. You however seem highly bothered by the thought of a non OPEC nation having and making huge profits from oil production.

What evidence do you have that there aren't three trillion barrels in the ground? If they're down there, it will be recovered when financially and technologically possible and they're already working on it. Oil dependence is extremely high and as long as it remains a viable fuel source it will continue to be. When it comes to profits the environment takes a back seat. And let's not act like the current oil recovery process is a green operation.


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You didn't give an opinion? You faithfully posted the company spin, said it's going to outdo OPEC, and were like "but we can't get to it " like getting to it is going to be a good idea. Like I said the OPEC nations are already investing in huge solar projects while your congresspeople are chanting Solyndra and Drill baby drill. Look, you clearly think extracting this oil is a viable or good idea. I'm telling you it's not and we should fight attempts to spin the public like this is the answer. Even when it gets dug out it's not going to reduce oil prices at all because oil will be sold on the world markets and that's a fact.

 

[Rarely-Wrong Liggins]

You didn't give an opinion? You faithfully posted the company spin, said it's going to outdo OPEC, and were like "but we can't get to it " like getting to it is going to be a good idea. Like I said the OPEC nations are already investing in huge solar projects while your congresspeople are chanting Solyndra and Drill baby drill. Look, you clearly think extracting this oil is a viable or good idea. I'm telling you it's not and we should fight attempts to spin the public like this is the answer. Even when it gets dug out it's not going to reduce oil prices at all because oil will be sold on the world markets and that's a fact.

Oil Company Spin? That's the title/main idea of the article.

Oil Prices? Solyndra? You're arguing against points that haven't even been made yet. Why are you so insecure about this issue? Are you or your family in the OPEC oil industry?

Also, I never said it was a good idea. Nor a bad one. I just said the oil industry isn't about to leave a potential three trillion barrels in the ground.

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[zerozero]

Oil Company Spin? That's the title/main idea of the article.

Oil Prices? Solyndra? You're arguing against points that haven't even been made yet. Why are you so insecure about this issue? Are you or your family in the OPEC oil industry?

Also, I never said it was a good idea. Nor a bad one. I just said the oil industry isn't about to leave a potential three trillion barrels in the ground.

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I don't know what's hard to understand. I'm saying the world should move to green energy instead of fracking for this stuff. The idea that this is a great way to countervail OPEC is spin!

 

[thelonious21]

You didn't give an opinion? You faithfully posted the company spin, said it's going to outdo OPEC, and were like "but we can't get to it " like getting to it is going to be a good idea. Like I said the OPEC nations are already investing in huge solar projects while your congresspeople are chanting Solyndra and Drill baby drill. Look, you clearly think extracting this oil is a viable or good idea. I'm telling you it's not and we should fight attempts to spin the public like this is the answer. Even when it gets dug out it's not going to reduce oil prices at all because oil will be sold on the world markets and that's a fact.

That's the shyt I don't think people get.. if we drill it is a COMMODITY ... It's traded on the world market..

 

[Rarely-Wrong Liggins]

I don't know what's hard to understand. I'm saying the world should move to green energy instead of fracking for this stuff. The idea that this is a great way to countervail OPEC is spin!

As long as there are significant oil reserves that could be recovered in the next 60 years or so the move to green energy is going to be slow.

Also I'm sure people realize that low gas prices are a pipe dream now. "Less dependence on foreign oil" is more of a patriotic stance than a financial one. Though the recovery of this reserve would lead to a shytload of jobs.

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[unit321]

Just wondering where the OP gets his resources?

Wiki has the US Oil reserves at 21 billion barrels.
Oil reserves in the United States - Wikipedia, the free encyclopedia

The Strategic Petroleum Reserves is 727 million barrels.
Strategic Petroleum Reserve (United States) - Wikipedia, the free encyclopedia

 

[NSSVO]

US DON'T DIE BABY! 3 COLORS. STARS AND STRIPES.

edit : Did @unit321 crush the builllinn's

 

[Rarely-Wrong Liggins]

Just wondering where the OP gets his resources?

Wiki has the US Oil reserves at 21 billion barrels.
Oil reserves in the United States - Wikipedia, the free encyclopedia

The Strategic Petroleum Reserves is 727 million barrels.
Strategic Petroleum Reserve (United States) - Wikipedia, the free encyclopedia

Honestly this is my fault because I forgot to link the article. It's an ABC news articles.

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[unit321]

Oh, this one.


An American Oil Find That Holds More Oil Than All of OPEC - ABC News

Sad thing is, if we tapped into that, people would just go back to their ways of fuel waste and drive Hummers and gas guzzlers. Prius and hybrids would be has-beens and there would be a ton of conversion kits for Insights and Prius to swap in a 2.0 liter turbo.

 

[thelonious21]

If we polluted the whole Midwest would that be worth it... Son have y'all ever looked at them African countries they drill in...son the soil is so fukking polluted its Cray

 

[Rarely-Wrong Liggins]

Oh, this one.


An American Oil Find That Holds More Oil Than All of OPEC - ABC News

Sad thing is, if we tapped into that, people would just go back to their ways of fuel waste and drive Hummers and gas guzzlers. Prius and hybrids would be has-beens and there would be a ton of conversion kits for Insights and Prius to swap in a 2.0 liter turbo.

They really haven't stopped.

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