LetemEatCake

Champion Author
Oklahoma City
Posts:2,800 Points:437,070 Joined:Mar 2008
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Message Posted: Nov 4, 2009 8:21:43 PM
Art48..
Good point. Considering the US uses approximately 20M barrels per day. How long will this field last even if these numbers are accurate?
nojsts...
Prices will not be effected by this 'maybe' new strike.
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nojsts

Champion Author
St. Louis
Posts:14,043 Points:2,828,980 Joined:May 2002
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Message Posted: Nov 4, 2009 6:27:26 AM
Go get it, refine it and keep the prices down.
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spiderjay

Champion Author
Little Rock
Posts:2,250 Points:580,955 Joined:Oct 2005
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Message Posted: Nov 4, 2009 3:19:22 AM
what are we waitting for go get it
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HailstormCA

Champion Author
San Diego
Posts:3,477 Points:608,100 Joined:Nov 2008
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Message Posted: Nov 4, 2009 12:30:39 AM
The key word in this story is "may" hold more than 100 million barrels of oil.
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granitestater

Champion Author
New Hampshire
Posts:4,086 Points:633,550 Joined:Oct 2008
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Message Posted: Nov 3, 2009 11:52:13 PM
I've said it before. Don't worry about domestic production. We just suck dry the rest of the planet and then have a monopoly when the world comes here...
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Art48

Champion Author
Sacramento
Posts:2,450 Points:81,045 Joined:Feb 2009
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Message Posted: Nov 3, 2009 11:31:56 PM
Sounds big. But a super tanker holds more than 3,000,000 barrels. How long will this field last?
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hank1326

Champion Author
Los Angeles
Posts:4,089 Points:769,200 Joined:Jun 2008
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Message Posted: Nov 3, 2009 11:19:31 PM
Huge ditto to altima2008. Unfortunately, the aimless and clueless new prez got plenty of myopic followers in DC.
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judgemobile

Champion Author
Ohio
Posts:2,746 Points:1,485,985 Joined:Nov 2005
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Message Posted: Nov 3, 2009 10:50:33 PM
They make HUGE finds in Gulf of Mexico and the North Sea, but O'Bummer won't let us drill here. Who's side is he on ???
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PnnyPnchr

Champion Author
Toronto
Posts:14,246 Points:1,995,715 Joined:Dec 2002
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Message Posted: Nov 3, 2009 10:49:54 PM
100 million barrels is a drop in the bucket. 100 billion is more like it ...
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rodzilla123

All-Star Author
San Diego
Posts:939 Points:286,735 Joined:Jul 2008
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Message Posted: Nov 3, 2009 10:47:54 PM
No matter how much oil is out there, the Europeans and OBAMMAMAU and the DEM's want to lower your standard of living with their GlobAl One World EnvironmentAl Crap and Tax Treaty. Thats why Frau Merkil was here in America today addressing our Congress to push her/their GlobAl Warming crap. A report out today says our buddy Al Gore has made over $2,000,000.00 in the last 3 or 4 years on this very subject of GlobAl Warming. I can tell you, Al F-ing Gore dosent believe in GlobAl Warming any more than All the Dems or I do. What He dose believe in is He and they can make Money off of it and gain more Control and Power over the people of this country using it. Like the Med Bill, Boxer and the Dems what to ram this legislation down our throats as fast as they can before we try to object strenuously to our lowered standard of living.
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Z51Corvette

Champion Author
Austin
Posts:4,124 Points:800,920 Joined:Jan 2008
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Message Posted: Nov 3, 2009 10:44:58 PM
That's nice, but Alaska has more!!!
The Energy Non-Crisis
[Edited by: Z51Corvette at 11/3/2009 11:45:36 PM EST]
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DAK1960

Champion Author
Illinois
Posts:1,917 Points:402,185 Joined:Nov 2008
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Message Posted: Nov 3, 2009 10:44:53 PM
exactly drill baby drilllllllll
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WillCody

Champion Author
Austin
Posts:2,521 Points:543,130 Joined:Jul 2008
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Message Posted: Nov 3, 2009 10:37:18 PM
What part of "drill baby drill" is so hard for you to understand Joe Biden?
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woodeye55

Champion Author
Gary
Posts:2,275 Points:899,600 Joined:Mar 2006
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Message Posted: Nov 3, 2009 10:34:29 PM
I thought the experts told us there was no more oil. Boy are they stupid or what??
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BrucePen

Champion Author
Ontario
Posts:2,780 Points:591,960 Joined:Sep 2008
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Message Posted: Nov 3, 2009 10:20:28 PM
Good now lower the pump prices.
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Lukus

Champion Author
Halifax
Posts:3,484 Points:708,265 Joined:Nov 2007
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Message Posted: Nov 3, 2009 10:15:34 PM
Hopefully it will help with the oil supply.
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NedW

Champion Author
Indianapolis
Posts:2,322 Points:505,515 Joined:Mar 2008
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Message Posted: Nov 3, 2009 10:11:00 PM
Unless they're stupid, they'll tap it.
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snewwee

Champion Author
Detroit
Posts:4,974 Points:1,011,080 Joined:Sep 2007
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Message Posted: Nov 3, 2009 10:08:18 PM
Will this make the U.K. another OPEC member?
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heysailor

Champion Author
Pittsburgh
Posts:4,650 Points:1,355,070 Joined:Mar 2006
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Message Posted: Nov 3, 2009 9:57:19 PM
A drop in the bucket; get used to driving a small car. For the want of an SUV or a truck we didn't need, we sold our souls to OPEC and the Chinese. There's nothing left anyone else wants to buy. We'll have to start working hard to earn back what our fathers earned for us. Without using smoke and mirrors.
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altima2008

Champion Author
Philadelphia
Posts:3,229 Points:765,660 Joined:Apr 2008
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Message Posted: Nov 3, 2009 9:48:38 PM
Its a shame that nobama will not let us get in on that. He'd rather see us pay $4.00 a gallon for fuel and run the country further into the ground!
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Muke

Champion Author
Virginia Beach
Posts:2,778 Points:704,235 Joined:Jun 2007
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Message Posted: Nov 3, 2009 9:46:02 PM
The great news.
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idigau22

Champion Author
Modesto
Posts:16,884 Points:2,360,945 Joined:Apr 2003
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Message Posted: Nov 3, 2009 9:41:37 PM
At least the Canadian's are out finding and drilling for oil! What will it take to get the United States to do the same???
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nightworker998

All-Star Author
Maryland
Posts:719 Points:301,785 Joined:Mar 2009
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Message Posted: Nov 3, 2009 9:36:26 PM
Well somebody found oil but watch the price go up anyway.
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zeddieiv

Champion Author
Columbia
Posts:3,563 Points:1,064,045 Joined:Oct 2006
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Message Posted: Nov 3, 2009 9:34:52 PM
Yes
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oldiesman

Champion Author
New York
Posts:1,647 Points:1,260,185 Joined:May 2006
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Message Posted: Nov 3, 2009 9:32:00 PM
THERE IS PLENTY OF OIL BIG BRO IS YANKING OUR CHAIN.
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mstearno

Champion Author
Dayton
Posts:3,566 Points:793,340 Joined:Jan 2008
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Message Posted: Nov 3, 2009 9:25:40 PM
Hey fordmexico I agree but we need a stinkin bridge to get to electric or are you for just trade your gas car in and get a new electric car thanks GOVT MOTORS?
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fordmexico

Champion Author
Michigan
Posts:2,142 Points:180,650 Joined:Oct 2009
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Message Posted: Nov 3, 2009 9:22:16 PM
We are running out of oil because our rate of use is greater than the rate at which we are discovering it. Most of the oil now being found in difficult to drill locations and needs expensive extraction technolgy.
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Asbury09

Champion Author
Iowa
Posts:2,372 Points:556,805 Joined:Jan 2009
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Message Posted: Nov 3, 2009 9:18:11 PM
lets see it
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katiejayWV

Champion Author
West Virginia
Posts:1,250 Points:379,285 Joined:Nov 2008
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Message Posted: Nov 3, 2009 9:16:16 PM
Keep drilling and mining.
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greatscot08

All-Star Author
Columbus
Posts:944 Points:187,460 Joined:Jun 2008
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Message Posted: Nov 3, 2009 9:15:58 PM
Every drop in the barrel helps, especially if it's from a more friendly barrel.... sure would be nice if some more of these discoveries were on this side of the pond, though..... but then someone has to actively be looking...... it helps.....
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RobRD

Champion Author
Alberta
Posts:3,828 Points:896,020 Joined:Jul 2007
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Message Posted: Nov 3, 2009 9:08:25 PM
Every discovery is important because all the easy oil is on a decline and the price of oil is making it more economically feasible to produce oil fields such as Bakken.
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GPRS08

Veteran Author
Maryland
Posts:270 Points:482,830 Joined:May 2008
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Message Posted: Nov 3, 2009 9:06:12 PM
show me the oil1 - I belive it when I see it.
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Hunter114

Champion Author
Chicago
Posts:2,983 Points:488,370 Joined:Apr 2009
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Message Posted: Nov 3, 2009 8:54:54 PM
How people can say we're running out of oil when discoveries are being made all over is beyond me.
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cincidap

Champion Author
Cincinnati
Posts:3,065 Points:599,325 Joined:Sep 2006
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Message Posted: Nov 3, 2009 8:53:43 PM
We need them to glut supply while we continue to conserve. Only then will gas prices go back to levels more typical of recent decades than the past few years have been.
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eagleeye2008

Champion Author
Wisconsin
Posts:3,997 Points:758,215 Joined:Jul 2008
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Message Posted: Nov 3, 2009 8:53:16 PM
Very interesting, BUT,,,,,DRILL HERE ALREADY !!
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CoffeeTrader

Champion Author
Victoria
Posts:2,412 Points:443,680 Joined:Sep 2008
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Message Posted: Nov 3, 2009 8:46:46 PM
All these reserves being found at a time when we are trying to get away from fossil fuels and yet we are paying through the teeth for it.
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Lou08

All-Star Author
California
Posts:568 Points:132,860 Joined:Feb 2008
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Message Posted: Nov 3, 2009 8:45:49 PM
Conserve! Great I hope OPEC and others in the Middle East dry-up and blow away! But we still need Atomic Power Pants into the 22nd. Century. www.killcarb.org
[Edited by: Lou08 at 11/3/2009 9:46:48 PM EST]
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TopGunn

Champion Author
Baltimore
Posts:4,234 Points:1,638,685 Joined:Aug 2004
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Message Posted: Nov 3, 2009 8:44:35 PM
The numbers don't help with prices. They are oil speculator controlled.
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granma3xnow

Champion Author
Indiana
Posts:1,998 Points:410,675 Joined:Dec 2008
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Message Posted: Nov 3, 2009 8:44:32 PM
This isn't just another "teaser" is it?
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sjl08203

Champion Author
New Jersey
Posts:4,074 Points:972,265 Joined:Aug 2005
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Message Posted: Nov 3, 2009 8:39:13 PM
Promising
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96sc1

Champion Author
El Paso
Posts:5,552 Points:727,695 Joined:Mar 2008
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Message Posted: Nov 3, 2009 8:34:09 PM
Ca-ching!
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hoof11

All-Star Author
Pennsylvania
Posts:669 Points:44,995 Joined:May 2009
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Message Posted: Nov 3, 2009 8:16:58 PM
GEORGEO Great Post Oil Reserves 1,349,417,153,000 Barrels Times 80.00/Barrel Due The Math Post[itive GREED
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fasu007

Veteran Author
South Carolina
Posts:451 Points:689,325 Joined:Jun 2008
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Message Posted: Nov 3, 2009 8:16:33 PM
Discovery is everywhere. Just look for it. Drill here, drill now and they will find it.
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signwiz

Champion Author
Indiana
Posts:1,086 Points:935,350 Joined:Feb 2006
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Message Posted: Nov 3, 2009 8:13:51 PM
Using the info provided in Georgeo's link, looks like about 37 years of oil left. It will be interesting, but I won't be around to see it.
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hoof11

All-Star Author
Pennsylvania
Posts:669 Points:44,995 Joined:May 2009
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Message Posted: Nov 3, 2009 8:12:22 PM
China Will Buy It !!!!
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dbatw

Champion Author
St. Louis
Posts:1,686 Points:341,165 Joined:Apr 2009
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Message Posted: Nov 3, 2009 8:08:23 PM
sounds like a lot of crude, but a drop in the bucket the way demand continues increasing. The problem is not supply, but curbing demand. Let's get ourselves weaned off the oil spigot.
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cutter1330

Champion Author
Oklahoma
Posts:3,121 Points:718,085 Joined:Jul 2005
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Message Posted: Nov 3, 2009 8:08:05 PM
Wish it was my 100 million barrels.
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thinkaboutit

All-Star Author
Colorado
Posts:870 Points:50,010 Joined:Jul 2005
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Message Posted: Nov 3, 2009 8:05:43 PM
On an annual scale, this increase in supply is much smaller than day-to-day fluctuations in supply and demand.
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DEG

Champion Author
Las Vegas
Posts:12,808 Points:2,544,180 Joined:Jul 2003
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Message Posted: Nov 3, 2009 8:00:05 PM
More inidication that the world is not yet running out of oil.
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SSchmidty

Champion Author
Illinois
Posts:4,316 Points:816,340 Joined:Mar 2008
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Message Posted: Nov 3, 2009 7:50:35 PM
Whoopee-de-do ... let's destory more pristine land for what? pig-oil!
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