Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (138814)	4/16/2001 5:58:07 PM
From: Ish	Respond to of 769667

<<Accordingly, I've always thought it was a good idea to use foreign oil and save our own as long as possible.>> I used to but I'd like the production capacity to go on our own. It would take some pricing pressure off. One site on it, it's not completely pristine wilderness- anwr.org

To: J_F_Shepard who wrote (138814)	4/17/2001 7:30:19 PM
From: greenspirit	Read Replies (1) \| Respond to of 769667

J.F. to answer your question, we don't know for sure. Here's some data to help though. The resource base in the U.S. is estimated by the U.S. Department of Energy to be between 263 billion and 368 billion barrels. Which would support production for 38 to 78 years. These estimates, however, are very misleading. For example, in 1945, reserves in the United States amounted to 20 billion barrels. But between 1945 and the 1993, 135 billion barrels of oil were produced, more than six times the entire amount known to exist in 1945. It seems the more we search for oil, the more we find.