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Becoming energy independent thru drilling?

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Old 07-25-2006, 06:21 AM
Energy Independence!
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Default Becoming energy independent thru drilling?

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Old 07-25-2006, 07:21 AM
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Default Re: Becoming energy independent thru drilling?

Originally Posted by Editorial
No matter where it looks, a country that consumes one-quarter of the world’s oil supply while holding only 3 percent of the reserves will never be able to drill its way to lower oil prices, much less oil independence.
That just about sums it up. Math and politics tend not to coexist in our system.
 
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Old 07-25-2006, 08:27 AM
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Default Re: Becoming energy independent thru drilling?

America is sitting on 200 years worth of coal. Just like South Africa during apartheid, they will turn to their coal and use that to make all the oil they need.

With this and the tar sands / oil shales of Canada, Ford bosses are reckoning on there being 500 years worth of oil left in North America. It's just a little bit more expensive and takes a little bit more refining than the black liquid crude-oil stuff they use at the moment.

http://www.moneyweek.com/file/13377/...place-oil.html
 
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Old 07-25-2006, 12:16 PM
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Default Re: Becoming energy independent thru drilling?

I'm reckoning there won't be 500 years left of Ford. That's a good thing.
 
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Old 07-25-2006, 05:02 PM
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Default Re: Becoming energy independent thru drilling?

While the gist of the article is correct, it's logic is nothing but bad spin. We could have 99% of the world's consumption and 1% of the reserves, and that still says nothing about how long our reserves would satisfy our consumption rate.

-- Alan
 
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