The second oil overlord is coming.

[Darwin333]

The point is, it might help energy independance a tiny bit bit but it won't change the global price anything significant and it's still money out to foreign countries 'trade imbalance'

BTW Mexico's production is falling fast so you will be propping up Chavez instead and even though I'm Canadian and thanks for the energy money BTW its going to cripple the US economy and 50% of our GDP is related to the US economy

We already purchase almost 1M bbls of oil a day from Chavez so it won't be anything new. Brazil is picking up some of Mexico's slack and with their new find should be able to continue to do so.

 

[Darwin333]

Best idea I have heard so far, however CNG at maximum pressure (3600psi) is 3.8X the volume to energy ratio compare to gasoline, therefore you have to fuel up the vehicle regularly or reduce passenger volume.

Luckily long haul has the ability to increase fuel storage because they use big friggen vehicles.

A lot of passenger buses currently use NG for fuel as well as a bunch of fleet vehicles. I haven't done much research into the infrastructure requirements and where we stand on them though.

If it wasn't so damned hard to build new tracks these days I would be advocating expanding our rail infrastructure to do more of our long hauling but we can't even build powerlines these days.

 

[desy]

You still have a trade imbalance as 50% of your liquid fuel being imported.
So, you add 1 MBPD or 5% of the US consumption of 20MBPD big whoop
Does it matter the oil doesn't technically come from Arab countries? they will just sell to whomever at high prices and use the money to fund terrorism against us.

They have been discovering oil all along, we also consume 30 Billion barrels a year
http://wallstreetpit.com/55334-energy-cornucopia
The world discovers less to replace what we consume against reserves every year and the new oil in Brazil is a mile down through a salt barrier and they haven't figured out how cheaply get it. . .
It all comes back to the price is going up, moving away from oil is the only answer. .

 

[Darwin333]

You still have a trade imbalance as 50% of your liquid fuel being imported.
So, you add 1 MBPD or 5% of the US consumption of 20MBPD big whoop
Does it matter the oil doesn't technically come from Arab countries? they will just sell to whomever at high prices and use the money to fund terrorism against us.

They have been discovering oil all along, we also consume 30 Billion barrels a year
http://wallstreetpit.com/55334-energy-cornucopia
The world discovers less to replace what we consume against reserves every year and the new oil in Brazil is a mile down through a salt barrier and they haven't figured out how cheaply get it. . .
It all comes back to the price is going up, moving away from oil is the only answer. .

Sure would be nice if while we move away from oil we could move our military out of the ME wouldn't it? Might be nice to not give a shit about Iran because if they shut down the canal we won't be at risk of damn near instant economic ruin or is that just me? If we didn't need the ME for oil we would likely treat them like we do Africa, how much do we spend in .mil in Africa these days?

Or do you think there is some other reason we are there?

And I completely agree that we need to move away from oil. We just need oil to get us there and I would prefer to not have to get involved in a few more wars in some shithole desert country to keep our go go juice secure.

Edit: BTW, I am currently in the solar industry and if we had your attitude there would be no solar industry. I likely won't even add a tenth of a percent to our energy production in my life, big whoop I guess I should just stop, right?

It all adds up when you look at the big picture. 5% is fucking huge.

edit:

and the new oil in Brazil is a mile down through a salt barrier and they haven't figured out how cheaply get it. .

I will do a bit of research concerning the "salt barrier" but drilling to 5K feet is pretty damn easy these days. We currently have wells producing in the Gulf that are 4 or 5 times that depth. Hell, I drilled deeper than that back when I was roughnecking.

 

[LegendKiller]

They never become financially viable because the economy craters long before any investment money can make it there, meaning it isn't financially viable because it won't be developed.
http://www.theoildrum.com/files/murphyfig_2.png


Even as such they aren't scalable to same degree as traditional oil and gas. I live a few hrs from the Oil sands and have neighbors on my street that work there.
After decades they produce about 2 MB per day , if they work super hard at it they might get it to 3.5 MB per day in another decade.
We consume 80 MB per day now

Just like there were tons of other technologies that weren't viable immediately. It takes years to develop technologies and even then, the market has to be ripe for them, including economically. Oil won't skyrocket that fast that capital investment in alternatives can't ramp up.

 

[Freshgeardude]

we have enough oil to sustain ourselves for the foreseeable future.


when the day comes that importing oil is more expensive than doing it ourselves, we will start producing our own.

 

[Nemesis 1]

Sigh. I knew you guys would make the predictable replies you made about oil. So uneducated. You're just talking the entirely manufactured line from the oil industry about how awesome it would be to drill more in the US.

There are a mere 18 billion additional barrels of re of oil in all the currently restricted offshore oil regions in the US. Saudi Arabia on the other hand has 267 Billion barrels of oil. The US just doesn't have a lot of oil. Sorry to dash your fantasies of being the next Jed Clampett.
http://www.scientificamerican.com/article.cfm?id=can-offshore-drilling-make-us-independent

Now on the other hand, the US does have a lot of oil shale. Yes, if anyone can figure out how to cheaply extract that stuff, we would be energy independent. Of course, people have been trying to do that for the last 150 years and failing.
http://en.wikipedia.org/wiki/History_of_the_oil_shale_industry

The indians own that land or did we steal that back after we found out its value?

 

[llee]

Oh, you mean how the Arabs owned the land that is modern day Israel and the UN took it away when they found its Jews?

 

[Darwin333]

we have enough oil to sustain ourselves for the foreseeable future.


when the day comes that importing oil is more expensive than doing it ourselves, we will start producing our own.

Have you factored in the costs of our ME .mil presence/wars?

Pretty damned expensive if you ask me.