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11-02-2004, 09:55 AM

[QUOTE]Originally posted by Timber Loftis:
[qb] Disagree on opening up US offshore locations and Alaska. The US has 23 billion barrels of known reserves, Alaska would only add 7-8 billion. This is really a drop in the bucket, and makes almost no difference. The solution is greater efficiency (incl. hybrid) and carrying through on the types of new technology we have available.

Kind of overlooking the obvious aren't you? If you don't look for it, you won't find it...as in, the Exploration is needed to find out what the reserves really are...that figure you quote is a low ball guess based only whats already been explored....the high estimate is over 100 billion barrels....at least be intellectually honest in your debates on the issue dude.

At 23 billion barrels reserves, 31 billion counting Alaska, and based on our 10 million barrel/day usage, the US will have enough reserves to guarantee our own oil supply for 6.3-8.4 years in the event of an emergency. If the spigot from Arab nations is shut off for some reason, forcing us to adapt or go take their oil from them by force, 6.3-8.4 years of reserves is the least I'm comfortable with. No, we should not use these reserves -- it's a dire national security need. We should build what is needed to be poised and ready to tap these reserves quickly and at a moment's notice, but we should not let our US companies' desire for a quick buck let us make a stupid decision about national security.

If Bush opened up the US strategic oil reserves, it would bust the price of oil...right now Oil is near $50 a barrel not because of lack of oil....but because of massive hoarding and stock piling by Nations like China and the USA but also because of a Massive surge in commoditites speculation....if Bush dumped oil the price per barrel would deflate rather dramaticly. Its a Wall Street thing guys. (Clinton did thate same thing and hwile it had nearly no effect on gas prices...it did cause the price per barrel of oil to be slashed nearly in half at the time.)

[ 11-02-2004, 10:00 AM: Message edited by: MagiK ]

11-02-2004, 09:55 AM	#6
MagiK Guest Posts: n/a	[QUOTE]Originally posted by Timber Loftis: [qb] Disagree on opening up US offshore locations and Alaska. The US has 23 billion barrels of known reserves, Alaska would only add 7-8 billion. This is really a drop in the bucket, and makes almost no difference. The solution is greater efficiency (incl. hybrid) and carrying through on the types of new technology we have available. Kind of overlooking the obvious aren't you? If you don't look for it, you won't find it...as in, the Exploration is needed to find out what the reserves really are...that figure you quote is a low ball guess based only whats already been explored....the high estimate is over 100 billion barrels....at least be intellectually honest in your debates on the issue dude. At 23 billion barrels reserves, 31 billion counting Alaska, and based on our 10 million barrel/day usage, the US will have enough reserves to guarantee our own oil supply for 6.3-8.4 years in the event of an emergency. If the spigot from Arab nations is shut off for some reason, forcing us to adapt or go take their oil from them by force, 6.3-8.4 years of reserves is the least I'm comfortable with. No, we should not use these reserves -- it's a dire national security need. We should build what is needed to be poised and ready to tap these reserves quickly and at a moment's notice, but we should not let our US companies' desire for a quick buck let us make a stupid decision about national security. If Bush opened up the US strategic oil reserves, it would bust the price of oil...right now Oil is near $50 a barrel not because of lack of oil....but because of massive hoarding and stock piling by Nations like China and the USA but also because of a Massive surge in commoditites speculation....if Bush dumped oil the price per barrel would deflate rather dramaticly. Its a Wall Street thing guys. (Clinton did thate same thing and hwile it had nearly no effect on gas prices...it did cause the price per barrel of oil to be slashed nearly in half at the time.) [ 11-02-2004, 10:00 AM: Message edited by: MagiK ]