Do you have numbers to show Canada is richer than Saudi's?
Are you saying Canada cranks out a ton more oil than Mexico and Venezuela?
Why is the volume out of Mexico and Venezuela so low if so???
Stunt
Diamond Member
- Jul 17, 2002
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a)Not addressing the Canada vs. SA wealth question, this is obvious.
b)Oil imports to the US Canada 17%, Mexico 13%, Venezuela 11%, SA 14.5%.
c)It all comes down to reserves, not nationality.
Weaning the World off a 30 billion barrel per year oil addiction will not be painless.
Alternatives are called alternatives for a reason. They are not mainstream, they are not cheap and they are not as versatile as fossil fuels.
The thing to remember about most alternatives is that we will be switching from a stock or capital of energy to a flow of energy.
Alternatives are called alternatives for a reason. They are not mainstream, they are not cheap and they are not as versatile as fossil fuels.
The thing to remember about most alternatives is that we will be switching from a stock or capital of energy to a flow of energy.
Bear in mind that most economists place oil at 80 - 100 dollars as being the price in which demand starts to die off.
Originally posted by: Mursilis
Originally posted by: Darkhawk28
Originally posted by: Mursilis
Originally posted by: Darkhawk28
Originally posted by: Mursilis
Originally posted by: Skoorb
I'd like them to hit $3 for just a little while, long enough for the fear of God to encourage people about the idea that, hey, this is a finite resource. Maybe we should start looking at some alternatives a bit more aggressively? I've said this before though
The fed. gov't should just raise the gas tax until a gallon hits the $3 level (can't believe I'm saying that). The only way to encourage conservation and to lessen oil dependence is to direct market forces in other directions.
Honestly, I'd be for that if every penny raised went to alternative fuel research.
The gov't wouldn't need to subsidize alternative fuel research - the private sector would provide it to a public demanding alternative fuel sources. I could be wrong, but I don't think any federal funds paid for the research that resulted in such hybrids as the Toyota Prius and the Honda Insight. Automakers are selling hybrids as fast as they can make them.
Hybrids are only the first step. We need to get off of oil completely.
I don't think that will or should happen. Oil is still a good energy source, but it should be one among others. I'd just like to see the costs of it adjusted to spur private demand for other sources.
The costs going up WILL spur demand for other sources.
2003 U.S. Oil Imports
Canada, then Saudi Arabia, then Mexico, then Venezuela, then Nigeria, then (tee hee) Iraq.
Under the totals though, Stunt's point is illustrated well (except the venezuela part). Non OPEC = 7103, OPEC =~ 5000.
However, check this out!
DOE Iraq Estimations
"Iraq is estimated to hold 115 billion barrels of proven oil reserves, and possibly much more undiscovered oil in unexplored areas of the country. Iraq also is estimated to contain at least 110 trillion cubic feet of natural gas. "
Hrrrrmmmmmmm. Think of what a WMD those would make! Kaboom!
DOE Iraq Estimations
"Iraq is estimated to hold 115 billion barrels of proven oil reserves, and possibly much more undiscovered oil in unexplored areas of the country. Iraq also is estimated to contain at least 110 trillion cubic feet of natural gas. "
Hrrrrmmmmmmm. Think of what a WMD those would make! Kaboom!
Thank you. I knew we were refining a ton of Saudi Oil.
I am surprised at the amount of Canadian oil though, it is apparent the northern refineries get their bulk oil from up there while the Saudi tankers pull up to port down here.
Looks like we have to annex Canada at least just for the oil.
That main site is a great resource for Energy info. They have a great search engine.
http://www.eia.doe.gov
http://www.eia.doe.gov
6-27-2005 Oil Rises to Record High
VIENNA, Austria - Oil prices vaulted over the $60 mark Monday
Analysts said with $60 a barrel no longer a threshold ? and amid continued concerns about refining capacities ? prices appeared set to go even higher.
"The psychology of the market is that once $60 is breached, then there is tendency to test how much higher it can go, or how long $60 can be sustained," said Victor Shum, petroleum analyst at Texas-headquartered energy consultants Purvin & Gertz in Singapore.
"There's a lot of speculative activity. It is a red-hot market," said Shum.
VIENNA, Austria - Oil prices vaulted over the $60 mark Monday
Analysts said with $60 a barrel no longer a threshold ? and amid continued concerns about refining capacities ? prices appeared set to go even higher.
"The psychology of the market is that once $60 is breached, then there is tendency to test how much higher it can go, or how long $60 can be sustained," said Victor Shum, petroleum analyst at Texas-headquartered energy consultants Purvin & Gertz in Singapore.
"There's a lot of speculative activity. It is a red-hot market," said Shum.
Yeah, we all know the speculators are driving up the prices. So quit blaming the Bush administration!
(Time to check my portfolio now)
(Time to check my portfolio now
)7-7-2005 Crude oil prices to surge above $100 a barrel
Volatile oil prices look as if they're here to stay, experts agree, at least for a year or two. Why? Partly because world oil demand is growing faster than oil production. Partly because financial speculators are gaming the markets.
And partly because nobody knows just how much oil is available, not least because it's unclear just how much oil Saudi Arabia has.
Crude oil prices closed at $61.28 a barrel Wednesday, the highest price since oil began trading
Volatile oil prices look as if they're here to stay, experts agree, at least for a year or two. Why? Partly because world oil demand is growing faster than oil production. Partly because financial speculators are gaming the markets.
And partly because nobody knows just how much oil is available, not least because it's unclear just how much oil Saudi Arabia has.
Crude oil prices closed at $61.28 a barrel Wednesday, the highest price since oil began trading
Not sure why oil futures would increase because of a tropical storm in the Gulf. It's not like that affects the flow of oil from the Middle East. But, expect Dennis to affect prices even more.
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