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View Poll Results: Who is to blame for recent gas price increases?
Market speculators 14 40.00%
Oil companies 13 37.14%
Oil producing countries 8 22.86%
China 10 28.57%
US Automakers 9 25.71%
Lack of refining capacity 10 28.57%
US government/lawmakers 11 31.43%
The Federal Reserve 7 20.00%
Dark Markets 4 11.43%
TheMercenary 7 20.00%
US Consumers 12 34.29%
Other 13 37.14%
Multiple Choice Poll. Voters: 35. You may not vote on this poll

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Old 04-22-2010, 10:01 AM   #1
Madman
has left the building.
 
Join Date: Aug 2006
Posts: 455
Quote:
Originally Posted by Redux View Post
Total proven US oil reserves (including offshore) - about 21 billion barrels

Total US consumption - 7 billion barrels/year.

Do the math.
Source? I've seen the same bullshit statistic.

We have the technology to produce shale oil. Which would give the USA more oil than the entire world combined. However, that's not practical at this moment in time. So let's look at what we really have that we can pump out of the ground...

http://www.resistnet.com/profiles/bl...ource=activity

There is more than one site and, for that matter, you could do a little further USGA reading to whet your appetite.

So... you do the math. Better yet... do a little research.

Maybe you should spend a little less time on a forum and more time in a library.

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