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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: mistermj who wrote (176214)	11/29/2005 1:42:25 AM
From: Dennis O'Bell	Read Replies (2) \| Respond to of 281500

World has a lot of oil Yeah, take another hit on your glue bong, Chimp lover. vast resources of so-called "unconventional" oil in North America. That's a nice euphemism - think of scraping up tar based road surfaces to get something combustible, and it's not a huge way off. Just how soon tar-sands deposits can begin to change the oil picture in North America will depend to some extent on a technology normally not associated with oil development -- nuclear power. Reactors are the best and cheapest source for extracting oil from tar sands and producing the large amounts of hydrogen needed to refine the oil into gasoline. Yeah, right - it'll take a ton of energy just to extract something to put in all those gas guzzling SUVs that Deeetroit has continued to push on the gullible American public. Maybe you also haven't noticed that the oil producing states (especially our "friends" over there in Saudi Arabia) haven't gone on a drunken spending spree with their windfall profits from the latest gang rape at the gas pump. No, they're saving most of those profits this time. Because this time it's different. The message is clear. First, they know damn well that their own oil resources are fast running dry, despite lies they keep feeding the Chimp. (It's common knowledge they're already pumping seawater into Ghawar to get the remaining oil out.) Second, they are preparing for the day when the dollar, which is presently propped up on rotten toothpicks will sink like a stone. And difficult to extract hydrocarbons won't save anybody's ass here in the USA.

To: mistermj who wrote (176214)	11/29/2005 6:32:20 AM
From: Noel de Leon	Read Replies (2) \| Respond to of 281500

"In fact, some of the most oil-rich areas in Russia, the Caspian Sea, the Middle East, the delta areas of Africa, Greenland, and the deepwater Gulf of Mexico have scarcely been explored." If they are oil rich then why explore? "Although U.S. oil production peaked in 1971." Proof of Hubbert's prediction from 1956, 25 years before the event and pooh-poohed by almost all the oil experts(and a lot of non experts) at the time. History repeats itself when history lessons are not learned. "recently raised its previous estimate of the world's crude oil reserves by 20 percent, to a total of 649 billion barrels." 687,000/(105x365)=?years.