There's gold/oil in them thar hills !
01 April 2011, 08:47 PM
#1
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There's gold/oil in them thar hills !
http://www.usgs.gov/newsroom/article.asp?ID=1911
So why go p1551ng around in other people's countries to secure foreign oil reserves ?
dunx
So why go p1551ng around in other people's countries to secure foreign oil reserves ?
dunx
01 April 2011, 09:36 PM
#4
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I was watching a 'How do they do it' program the other day where they were extracting oil from the ground in Canada (oil sand bitumen) and they estimated there is enough there to feed the worlds appetite for 250 years.
01 April 2011, 09:50 PM
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Google is my friend.
1 Saudi Arabia: 262,700,000,000 barrels
# 2 Canada: 178,900,000,000 barrels
# 3 Iran: 133,300,000,000 barrels
# 4 Iraq: 112,500,000,000 barrels
# 5 United Arab Emirates: 97,800,000,000 barrels
# 6 Kuwait: 96,500,000,000 barrels
# 7 Venezuela: 75,590,000,000 barrels
# 8 Russia: 69,000,000,000 barrels
# 9 Libya: 40,000,000,000 barrels
# 10 Nigeria: 36,000,000,000 barrels
So 43 000 000 000 barrels refered to in the link above is a lot; unless you are an AAAaarab
Steve
1 Saudi Arabia: 262,700,000,000 barrels
# 2 Canada: 178,900,000,000 barrels
# 3 Iran: 133,300,000,000 barrels
# 4 Iraq: 112,500,000,000 barrels
# 5 United Arab Emirates: 97,800,000,000 barrels
# 6 Kuwait: 96,500,000,000 barrels
# 7 Venezuela: 75,590,000,000 barrels
# 8 Russia: 69,000,000,000 barrels
# 9 Libya: 40,000,000,000 barrels
# 10 Nigeria: 36,000,000,000 barrels
So 43 000 000 000 barrels refered to in the link above is a lot; unless you are an AAAaarab
Steve
01 April 2011, 10:01 PM
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http://ostseis.anl.gov/guide/oilshale/
http://en.wikipedia.org/wiki/Oil_shale_reserves
and a bit old but ... http://energy.pressandjournal.co.uk/...0483/?UserKey= ...
All this talk of "peak oil" is just b*llux, perpetuated by the tree-huggers to drive us all back to the stone age ....
Dave
http://en.wikipedia.org/wiki/Oil_shale_reserves
and a bit old but ... http://energy.pressandjournal.co.uk/...0483/?UserKey= ...
All this talk of "peak oil" is just b*llux, perpetuated by the tree-huggers to drive us all back to the stone age ....
Dave
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01 April 2011, 10:20 PM
#9
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A report published in the late 90's and subsequently buried suggested that oil is a by-product of Earth core activity, and the plant matter content may come from the voids it seeps into in the shallow earth. If this were true then supplies are only as limitless as the longevity of the Earth itself.
02 April 2011, 10:54 AM
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02 April 2011, 12:03 PM
#12
A report published in the late 90's and subsequently buried suggested that oil is a by-product of Earth core activity, and the plant matter content may come from the voids it seeps into in the shallow earth. If this were true then supplies are only as limitless as the longevity of the Earth itself.
02 April 2011, 12:13 PM
#13
Better than a kick in the teeth, but hardly a game-changer in the strategic reserves stakes.
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