$5+ per gallon gas...

But when we have the resources and not allow to tap into it, I think that is a government vs. free market issue, wouldn't you agree?
 
Time to drill; we should be an exporter and help bring down the deficit and gas prices while create jobs. considering our own oil reserve is greater than Saudi's. This will create millions of jobs and at least half a trillion in revenue per year while stop exporting $600 billion a year.

It is at $3.99 to 4.19 per gallon for premium around my area right now. $7/gallon is a likely scenario with the unrests in the Middle East and potential competition between us and China for venezula oil. it is trade based on the US dollar and the up coming inflation will help reach that thresh hold. This will definitely prolong the recession.

Where would this greater than Saudi oil reserve be?

Jack
 
Where would this greater than Saudi oil reserve be?

Jack

Alaska and ND (and it's surrounding area).

Including shale oil, the US actually has the largest estimated reserves in the world.

http://ostseis.anl.gov/guide/oilshale/

Google it and you shall find the information.

And also

Alaska's reserve is very easy to drill. All you need is two square miles and the directional drill wil take care of the rest. Link that to the great Alaska pipeline, it will flow faster than the Colorado river.

That is probably why the green energy sector opposed drilling on a massive scale domestically, because it will push back the development, lost their government grants, and global warming will get worse. That is if you buy their argument.


You know what they say, if you find dinosaur bones, start digging for black gold.
 
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Alaska and ND (and it's surrounding area).

Including shale oil, the US actually has the largest estimated reserves in the world.

Seek the information and you shall find.

That is probably why the green energy sector refused drilling on a massive scale domestically, because it will push back the development and global warming will get worse. That is if you buy their argument.


You know what they say, if you find dinosaur bones, start digging for black gold.

Could it be we're saving these reserves for the future? Years down the road when other reserves become depleted, would they then, in a big way, be to our advantage?

Jack
 
Could it be we're saving these reserves for the future? Years down the road when other reserves become depleted, would they then, in a big way, be to our advantage?

Jack

The world wide oil reserve may be finite but is really not - if you put it into perspective. Again, when I took some piping design classes (for oil refineries) at Fluor Corp, they show the students just how much oil is out there. They made the point that if we don't conserve, it will still out last the duration required for the arrival of affordable alternative energy.

If approved, the US government will spend zero dollars and the oil companies will pick up the tab. The export potential will create millions of jobs, pay off our current national debts (providing that we don't create additional programs), bring down petroleum cost and all of it's related products (plastic, road paving, etc), interior OPEC cartel, and fund most of the entitlement programs. It is a win win situation.

The catch is, it will only make sense if crude oil exceeds $80 or so a barel and we are at that point. At the height of opposition from the environmental lobbyists, the oil was mostly below $60 a barrel and the technology for shile drilling wasn't quite ready, but thats not the case today. The cost to extract oil from these rock will be expensive at first, but like everything else, more you dig, cheaper the over all cost will be.


I cannot fathom why we want to continue spending hundreds of billions a year buying oil from countries that holds the world hostage with or without revolutions, people who wants to pinch us, when we have more than plenty in our back yard for domestic use and export - for at least another 100 years.
 
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Could it be we're saving these reserves for the future? Years down the road when other reserves become depleted, would they then, in a big way, be to our advantage?

Jack

Hrm - little too much faith in our politicians there. They only think as far ahead as the next election.

Alaska can't drill because it's protected with some federal wildlife or nature preservation intitiative.
 
Hrm - little too much faith in our politicians there. They only think as far ahead as the next election.

Alaska can't drill because it's protected with some federal wildlife or nature preservation intitiative.

You guys make perfect sense. I think our politicians "rest of the world knowledge" would fit right in that other thread! Ha!

Jack
 
You argue that political means justify the end results. But you fail to understand that politicians are never done bending the rules to fit their agenda. I am sick of individuals justifying the steady demylination of individual rights, with your so called "justifiable intentions" leading the way. OPEC is not our friend, and can actually be classified as our collective enemy, yet we continue to deny ourselves options. If your logic is true, then why is there still a moratorium on nuclear power plants?
 
why is there still a moratorium on nuclear power plants?

3 reasons, 1 of which is relatively new:
1. Nuclear safety
2. Nuclear waste disposal
3. Nuclear terrorism

In the case of safety, there have been improvements and new techniques that bring us better safety, but these involve ground up builds on new plants.

In the case of terrorism, well, I just don't think we have the proper means to keep our plants safe without full militarization. And doing THAT leads to other issues..

In the case of waste (which I think is the major issue), we have no means of disposal at all, except to toss depleted uranium shells across the globe. :(
 
Would it be possible to build an underground nuclear power plant? Instead of having them tower high above the ground, dig them down?
 
I'll be ready. Picked up a 03 Jetta TDI, 5 speed manual. It already gets 50 city, and 54 to 56 Hwy. I plan to start building bio diesel soon also.
 
3 reasons, 1 of which is relatively new:
1. Nuclear safety
2. Nuclear waste disposal
3. Nuclear terrorism

In the case of safety, there have been improvements and new techniques that bring us better safety, but these involve ground up builds on new plants.

In the case of terrorism, well, I just don't think we have the proper means to keep our plants safe without full militarization. And doing THAT leads to other issues..

In the case of waste (which I think is the major issue), we have no means of disposal at all, except to toss depleted uranium shells across the globe. :(

You have a legitimate claim with #3, but you would be surprised to learn that 1&2 are not as concerning as Joe Public would have you believe. And the energy output vs. negative side effects falls HEAVILY in favor of nuclear.
 
I'll be ready. Picked up a 03 Jetta TDI, 5 speed manual. It already gets 50 city, and 54 to 56 Hwy. I plan to start building bio diesel soon also.

I did just the opposite, bought 09 Pontiac G8 GXP with a 6.2 Litre V8......
oops!!!!:rolleyes:
 
I would love to pay $5 (equivalent) over in the UK!!! You guys have it good.

Your gas cost the same right? It's just the extra taxes on it that fund your subways and rail systems?
I would love to have subways and railsystems here...
 
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Your gas cost the same right? It's just the extra taxes on it that fund your subways and rail systems?
I would love to have subways and railsystems here...

Also, I believe the English purchase their petrol in imperial gallons which are larger by volume than U.S. gallons. (One imperial gallon = 19.2 U.S. pints or about 1.2 U.S. gallons.) Small consolation, of course.

The most expensive gas in America this morning can be found at the Suncoast Energy gas station near the Orlando airport. $5.39 a gallon.
 
You argue that political means justify the end results. But you fail to understand that politicians are never done bending the rules to fit their agenda. I am sick of individuals justifying the steady demylination of individual rights, with your so called "justifiable intentions" leading the way. OPEC is not our friend, and can actually be classified as our collective enemy, yet we continue to deny ourselves options. If your logic is true, then why is there still a moratorium on nuclear power plants?

are you saying our individual rights have multiple sclerosis:eek: well then better reason for everyone to get mri's :wink:
 
Also, I believe the English purchase their petrol in imperial gallons which are larger by volume than U.S. gallons. (One imperial gallon = 19.2 U.S. pints or about 1.2 U.S. gallons.) Small consolation, of course.

The most expensive gas in America this morning can be found at the Suncoast Energy gas station near the Orlando airport. $5.39 a gallon.


That is true, the UK gallon is imperial. When I quoted about $7.80 for a gallon over this side of the pond it was for the US gallon. We are now averaging about £1.30 per litre (that is how it's priced/charged-f***ing Euroland ruling the UK!!!)

THe US gallon is ~3.80 litres and the Imperial gallon, ~4.5 litres so....

approx $7.90 for the US gallon at current exchange rates or $9.36 for our own gallon!!!

I just filled my car (daily runner) up this evening and it cost £75 or $120 :eek::eek: For that I'll get about 320 miles (yes they are the same distance miles as you have:wink:). Annual road tax is ~ $385, insurance about $600 and the annual MOT car check ~ $88.

Something tells me our government treat the motorist as an easy target/cashcow because it must be this tiny country that is causing all this global climate.....if only we legally had guns:rolleyes:
 
That is true, the UK gallon is imperial. When I quoted about $7.80 for a gallon over this side of the pond it was for the US gallon. We are now averaging about £1.30 per litre (that is how it's priced/charged-f***ing Euroland ruling the UK!!!)

THe US gallon is ~3.80 litres and the Imperial gallon, ~4.5 litres so....

approx $7.90 for the US gallon at current exchange rates or $9.36 for our own gallon!!!

I just filled my car (daily runner) up this evening and it cost £75 or $120 :eek::eek: For that I'll get about 320 miles (yes they are the same distance miles as you have:wink:). Annual road tax is ~ $385, insurance about $600 and the annual MOT car check ~ $88.

Something tells me our government treat the motorist as an easy target/cashcow because it must be this tiny country that is causing all this global climate.....if only we legally had guns:rolleyes:

I was in London for new years participating in the New Years London parade (So if you saw the finale on BBC, I was one of the trumpet soloist near the Big Ben at the end), and it was my fourth time there in twenty years. I was talking to a receptionist at London's Beef Eater and she is a very beautiful blond from Poland. She was facinated by America but contempt to be in England because it is a better place to live than her home town. When I found out how much money she was making, I was shocked because in U.S. term, it is poverty.

The funny thing about England is, where do you guys drive fast? Every mile or so there is a roundabout on the freeway, no wonder most people drive super mini sub compact with diesel engine. Fast cars are literally just a status symbol.

Back on topic, there is an issue for $5.00 or higher per gallon. In the US, not only "adults" drives far to work - I think average people drive at least half an hour each way, but you also have to look into college students as well, not everyone lives on or near by the campus. Most students do commute and that is having a major impact on them.

There are two things a government can take complete control of people's lives. Health care and energy. When they take control of both, you have very little say so as a citizen. U.S. at least in one point, thrives on free market system where the companies compete for business, and the citizens can shop and compare. In this case, energy included, that is why this is the richest nation in the world because of the consumer buying power with the disposable income, and luxury goods is not a privilege. In this case, if those who think the US government should tax oil like other nations and diminish the consumer power, you will see an effect around the globe. Quality of life is based on how much money we get to keep, not what government can take.

If in the US, every family have to spend extra $100 on gasoline, that is $100 off the market for other goods and services. times that by let's say... 80 million families, the economy will suffer.

Stop looking at Europe, look at Asian countries such as Taiwan, Japan, Korea, etc. They don't grind their citizens on energy. Gasoline prices are either on par of cheaper than the US. How come no one ever use them as an examples?
 
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UK average price today is around $9.34 per gallon.
We would be ecstatic to pay $5 a gallon.:biggrin:
Don't moan about your cheap fuel and be grateful you don't live here.
 
Don't moan about your cheap fuel and be grateful you don't live here.

We're not moaning about the price of fuel...the latest development in this thread is moaning about government meddling which leads to increases in the price of fuel...and how we can circumvent this meddling before it affects us to the degree it affects other more highly regulated nations such as yours.

But yes, I'm grateful I don't live in the U.K. :biggrin:
 
Lol, at least in UK, you guys figured out even a national treasure such as the Stonehenge can be used as a sheep farm. I think I pissed off some people when I fired up a cigar on front of it :biggrin:
 


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