Saturday, August 30, 2008

I Got Your Energy Independence Right Here

In the US.

Potential 800 billion barrels.

Or should we excuse it away like we did ANWR that it will "take 8 years to bring the oil to market" much like you would dismiss the obvious idiocy in getting a doctorate degree;

"What? A doctorate? Why that would take 8 years! What a waste of time!"
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4 comments:

  1. Hot Sam10:21 AM

    I love your Ph.D. analogy.

    The DemonRat talking point that opening up areas to drilling now won't produce oil for eight years is comical.

    First, it suggests we should have started drilling eight years ago to prevent what's happening now. And who stood in the way of that?

    Second, their alternative energy pipe dreams aren't expected to produce results any sooner nor are they any less risky an investment.

    Third, if oil prices are bad now, imagine what they'll be like in eight years given current trends. If we don't drill now, we'll wish we had.

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  2. Anonymous7:11 PM

    To put this in perspective, current proved oil reserves in the US are 21.76 billion barrels. Saudi Arabia has 264 billion barrels in proven reserves.

    In other words, holy shit that's a lot of oil.

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  3. Anonymous10:28 AM

    I think Glenn Beck had about the best analogy:

    I'm going to stop eating, now. Technology is right around the corner where we won't have to eat, so I'm going to stop eating now.

    It makes as much sense as stopping oil production now, because alternative energy technology is right around the corner...

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  4. Anonymous12:14 PM

    I found the recent comment by the socialist mayors that "we don't want Canada's dirty oil". Umm, okay, now you want to pay Saudi for their oil? So, lets develop US reserves!

    The challenge will be to actually produce volumes required. Not that they aren't there, but rather the shale is quite tight and unwilling to give up the black gold so readily. I would expect that current stimulation technology modification might be in order, and that a large number of wells might be required, much like the coal bed methane gas wells are being developed. With a fairly low pressure also, there is little chance of a blow out which would send Greenpeace into an howling frenzy about our terrestial destruction.

    Would it be worth it? Say, 400 billion (at 50% recovery) at 100 dollars per barrel. Thats um... a whole lot of zeroes where I normally don't see them.

    Yah. Its worth it.

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