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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: 17146
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!

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Begin Trace Mode for Comment # 4.

#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  


Replies to Comment # 4.

#5. To: A K A Stone, go65 (#4)

Don't tell me you believe that.

The USA has less than 4% of the world's population. Meanwhile, for decades the USA has ruthlessly destroyed the planet using over 25% of the world's production of petroleum products.

Go65 is correct and on target (as most always)

buckeroo  posted on  2011-03-09 23:01:33 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  


End Trace Mode for Comment # 4.

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