Legit question right out the gate....................and true first response to it...........
megimoo
Senior Member Posts: 12,954
Join Date: Oct 2005
If we have all of this oil why do we even need the Arabs ? - 04-02-2008 , 11:40 PM
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Bakken Oil Formation Holds Billions of Barrels in N.D.
The Bakken Formation in North Dakota could boost America’s oil reserves by an incredible 10 times, according to a report Wednesday. The Bakken Oil Formation, which covers North Dakota and portions of Montana and South Dakota, is believed to have 175 to 500 billion barrels of recoverable oil.
The 200,000 square mile reserve that was initially discovered in 1951.
In 2007, EOG Resources of Texas drilled a single well in Parshal N.D. that is expected to have yielded 700,000 barrels of oil. Marathon Oil is investing $1.5 billion and drilling 300 new wells. IIn the next 30 days, the U.S. Geological Survey (USGS) will release a new report giving an accurate assessment of the Bakken Oil Formation.
The United States imported about 14 million barrels of oil per day in 2007, which meant U.S. consumers have spent $340 billion dollars in exported oil.
http://www.transworldnews.com/NewsSt...id=42081&cat=1
I bet bad cat knows all about this oil formation
MrsSmith
Senior Member Posts: 7,708
Join Date: Mar 2005
Location: Kansas
04-03-2008 , 07:47 AM
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Because we have cities full of liberal idiots who really believe that pumping our own oil is a sin against the Great Mother Earth.
Now let the nutzism begin
john c calhoun
Senior Member Posts: 14,451
Join Date: Feb 2005
04-03-2008 , 10:20 AM
because we have GWB as president....thats why we are FORCED into increasing ME imports of shitty , overpriced crude oil....
pre Boooooosh's in the US, we imported around 5-6% from the towel heads & that number was pretty well consistent since the 1920's or so....(so was the price of gas/oil)
after papa booooosh & jr f**ked things up for most americans, starting w/ Booosh's first gulf war & continuing w/ part deux today, we now get around 23% of our oil from the towel heads...
who's the biggest winners?:
exxon, BP, shell, the boooosh family , the house o' saud & the Israeli's ....
and the saudimites will really be rolling in dough if boooooshy has his way w/ the Iranians' ...
so yeah, actually, there really is NO vital national security that effects 'america' in the ME & there really is no reason 'america' needs to be or needed to be dragged into Booosh's private matters.... since we have PLENTY of oooooil here, as well as something the towel heads don't have (TREE's & a lumber industry) .,.... thus providing what was WASTE material for decades, now, an emerging BOOM industry called 'wood pellets' ...
I guess it just slips by crazy uncle johnny that we can't cut half the trees down...........and a lot of other countries have trees............also I really wonder how much oil is used in forestry.....I had my saw set to use a tank of bar oil per tank of gas, which also had 2-cycle oil.
LogansPapa
Senior Member Posts: 2,363
Join Date: Nov 2007
Location: The Stump Has Spoken!
04-03-2008 , 10:21 AM
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Quote:
Originally Posted by MrsSmith
Because we have cities full of liberal idiots who really believe that pumping our own oil is a sin against the Great Mother Earth.
Well actually, the tree huggers are used as a very public tool by the movers-and-shakers of America to make you think they stop hole punching and domestic crude generation alternatives.
If you’re in a life boat and you have a secret supply of water, you’re going to use the group’s water supply before you use your own. It’s no more complicated than that.
Why should we use our own reserves when the government can simply declare an energy emergency (reference ‘border fence construction up to and including 01/20/09’ for perspective) and start drilling in movie star’s back yards in Beverly Hills.
freedumb2003
Senior Member Posts: 2,198
Join Date: May 2005
04-03-2008 , 12:44 PM
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Quote:
Originally Posted by MrsSmith
Because we have cities full of liberal idiots who really believe that pumping our own oil is a sin against the Great Mother Earth. :rolleyes:
And even if we pumped it, we have no place to refine it. There has nott been a new refinery built in the USA in 25 years, thanks to those same idiots.
I don't trust this poster.................
john c calhoun
Senior Member Posts: 14,451
Join Date: Feb 2005
04-03-2008 , 12:51 PM
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Quote:
Originally Posted by freedumb2003
And even if we pumped it, we have no place to refine it. There has nott been a new refinery built in the USA in 35 years, thanks to those same idiots, & fatpuke republicans pretending to want new competition & refineries for exxon, valero & all the corps making RECORD profits right now .
fixed:
john c calhoun
Senior Member Posts: 14,454
Join Date: Feb 2005
04-03-2008 , 12:59 PM
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Quote:
Originally Posted by Coldwarrior
My observation was prompted by a comment in the WalMart thread that, if you don't like WalMart, don't shop there. Well, by the same logic, if Americans don't like the Sauds (or whomever is selling the oil), don't shop there.
comparing oil/gas to trinkets, little debbies & kids clothing is BEYOND STUPID....
unless you care to expand on your rationalizations, by having a similar cavalier attitude towards owning humans as property (cause its your state right), or by being to dump toxic waste by the truck load on your own property, cause by gummit, its your property ....
Hinge coming loose
LogansPapa
Senior Member Posts: 2,364
Join Date: Nov 2007
Location: The Stump Has Spoken!
04-03-2008 , 01:49 PM
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Quote:
Originally Posted by Constitutionally Speaking
We could be completely independent of the middle east if it were not for Democrats and other liberals.
The Republicans have controlled Congress for how many years from the time of and including Bush 41?
The stoopid is strong here............very strong
john c calhoun
Senior Member Posts: 14,454
Join Date: Feb 2005
04-04-2008 , 02:49 PM
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Quote:
Originally Posted by lacarnut
Between you and LogansPapa, the two of you'll knowledge about the oil industry would not fill a thimble. China & India are IMPORTERS of oil so they do not have any to EXPORT.
The Saudi's are building refineries like crazy and are getting ready to import the finished product (gasoline) to the US. The shipping cost will not increase the price of what is refined here. In fact, it might be cheaper and run our refiner's out of business. Valero who is the largest refiner in the US is trying to sell (3) of its 17 refineries because their profit margins are very small.
if tEh incompentent dumbf**ks here in the US can blowup their own refineries everyyear, while over the past 4-5 years cause a 3 fold increases in costs for a defective product (ethanol additives these days) ....then I'm sure the chinese can do it as well in 5 years, but for 3/4 less the money (after shipping) ...
boooyah !!!
first the american car companies, next, the american oil companies ....(going down el toiletta thanks to more effecient foreign competition)
Holy hell
