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"Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF" "'Major Breakthrough': Here Are the Details on the China Trade Deal" Freepers Still Love war Status: Not Logged In; Sign In Opinions/Editorials See other Opinions/Editorials Articles Title: We Can't Drill Our Way Out of High Gas Prices Source: AOL news URL Source: http://www.aolnews.com/2011/03/09/o ... ur-way-out-of-high-gas-prices/ Published: Mar 9, 2011 Author: Roland Hwang Post Date: 2011-03-09 22:29:29 by go65 Keywords: None Views: 17759 Comments: 25 As the price of oil soars above $100 a barrel, Americans are experiencing sticker shock at the pump and economists are concerned about our fledgling economic recovery. Solutions exist that can get us off the oil market roller coaster, but they won't be found in more domestic oil fields. No matter how vocal the drilling supporters become, they still won't be able to address America's acute vulnerability to the whims of the global oil market. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 24. #2. To: go65 (#0) Some people would say we are being smart and sucking the foreigners dry before we use our own oil. I think we should drill more though. A K A Stone  posted on  2011-03-09   22:32:46 ET  Reply   Untrace   Trace   Private Reply   #3. To: A K A Stone (#2) Some people would say we are being smart and sucking the foreigners dry before we use our own oil. I think we should drill more though. Read the article - if we tap all the known reserves in the U.S. tomorrow we'll have a 3 year supply. go65  posted on  2011-03-09   22:52:20 ET  Reply   Untrace   Trace   Private Reply   #4. To: go65 (#3) Read the article - if we tap all the known reserves in the U.S. tomorrow we'll have a 3 year supply. Don't tell me you believe that. A K A Stone  posted on  2011-03-09   22:54:14 ET  Reply   Untrace   Trace   Private Reply   #6. To: A K A Stone (#4) Don't tell me you believe that. We have about 21 billion barrels of known reserves, we import about 4-5 billion barrels a year. So figure a 3-4 year supply if all known reserves are instantly tapped. There's the possibility of another 100-120 billion barrels out there, but drilling would take years assuming it's feasible and you ignore the environmental impacts. go65  posted on  2011-03-09   23:12:39 ET  Reply   Untrace   Trace   Private Reply   #8. To: go65 (#6) America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, http://www.nextenergynews.com/news1/next-energy-news2.13s.html And that is just one state. A K A Stone  posted on  2011-03-09   23:23:44 ET  Reply   Untrace   Trace   Private Reply   #24. To: A K A Stone (#8) (Edited) America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, not quite. http://www.snopes.com/politics/gasoline/bakken.asp the 2008 USGS analysis showed about 3-4 billion barrels that are recoverable with current approaches, less than a 1 year supply. RAND's analysis said there are potentially 800 billion barrels of oil locked up in shale, but it would take 20 years to develop the technology to get to a point where the field would deliver a million barrels a day (less than 10% of what we import in a day). At some point conservatives need to accept the fact that if you want to reduce dependency on foreign oil you need to develop alternative technologies or reduce consumption. go65  posted on  2011-03-10   9:57:07 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 24.         There are no replies to Comment # 24. End Trace Mode for Comment # 24. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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