Scooter wrote:And pumping it at the current rate means your entire reserves will be gone in less than 12 years. Then what?
Where did you get that number?
Sources I found with a quick google search say that if the U.S. continues to use natural gas at the rate used in 2011, the reserves will last 92 years. I haven't heard of any drastic change in natural gas usage in the last two years
liberty wrote:What is there to prevent us from having our own pool of oil? After all the US military has one. The US federal could declare all oil in the US a national strategic reserve to be use for the best effect on the US economy.
You've missed the most important point. Our export of oil IS what has the best effect on our economy. Oil and gasoline is relatively cheap in the U.S. compared to the rest of the world.
The reason I started this thread is to offer the idea that many of our republican politicians are trying to convince us that drilling for more oil in this country's protected areas will make us more self-reliant on oil (which most people probably interpret as cheaper gasoline). When the truth is that if the U.S. produces more oil it will allow us to sell more oil in the world market. That's a good thing for our economy (and especially our oil companies) but it is for a different reason than the idea that is often promoted by those evil republican politicians...
I disagree there is more economic value in turning raw materials into finished products than selling the raw materials directly.
Soon, I’ll post my farewell message. The end is starting to get close. There are many misconceptions about me, and before I go, to live with my ancestors on the steppes, I want to set the record straight.
oldr_n_wsr wrote:Just because we pay "lower" prices at the pump doesn't mean we get cheaper gas, it just means our goverment doesn't take as much of our money in exchange for us buying gas.
Well... since very few country's citizens have a choice to purchase gasoline ala carte, it does amount to a cheaper price that we pay for gasoline compared to most other countries.
So if you really want to save money on gasoline, drive down to Venezuela when you need to fill up. It is about 9 to 12 cents per gallon.
Agreed. My point was that taxes are what people in europe and other part of the world to buy gas. It is not the price of gas itself.
liberty wrote:I disagree there is more economic value in turning raw materials into finished products than selling the raw materials directly.
How would that be?
Are you saying the U.S. would make more money on oil exports if we sold it in the form of regular & premium gasoline? Or rather than exporting wheat we should exports loaves of bread? Don't export apples and instead export apple pies?
liberty wrote:I disagree there is more economic value in turning raw materials into finished products than selling the raw materials directly.
How would that be?
Are you saying the U.S. would make more money on oil exports if we sold it in the form of regular & premium gasoline? Or rather than exporting wheat we should exports loaves of bread? Don't export apples and instead export apple pies?
etc.
I don't think so....
Well we could there is a market for it or we could use the gasoline our selves and export the plastic, fertilizer, chemicals and asphalt.
Soon, I’ll post my farewell message. The end is starting to get close. There are many misconceptions about me, and before I go, to live with my ancestors on the steppes, I want to set the record straight.
Scoots, you don't usually type stupid shit, but your 12 year statement is absolute nonsense - and I suspect you know it.
Because of fracking technology, the U.S. has a virtually infinite supply of natural gas. It is not even calculable. Look at the New England states (mainly New York) that are, for political reasons, not even investigating what their resources are. Undoubtedly they have similar rock deposits to Pennsylvania, which would not even be counted in the total. There is new technology coming out of Japan that will make available huge reserves currently trapped in rock deep in the Gulf of Mexico, None of it is counted in "proven reserves."
The real question is why you would even make such a stupid statement.
The amount of natural gas that can be extracted assuming this planet's technology advances to the Star Trek age is meaningless. What is relevant is what can be extracted knowing what we know now, and knowing what we can afford. But you can continue to live in your dream world where technology and money are irrelevant.
The earth's core is mainly molten metals. By your logic we should include its volume in what we can expect to be able to extract over our lifetimes, because hey, its only a few thousand miles of drilling. Someday we might figure out how to get there, and that must count for something.
What a buffoon.
"Hang on while I log in to the James Webb telescope to search the known universe for who the fuck asked you." -- James Fell
Scooter wrote:And pumping it at the current rate means your entire reserves will be gone in less than 12 years. Then what?
Where did you get that number?
Sources I found with a quick google search say that if the U.S. continues to use natural gas at the rate used in 2011, the reserves will last 92 years. I haven't heard of any drastic change in natural gas usage in the last two years
Natural gas use has expanded very quickly as prices have fallen to a fraction of what they were only 5 years ago. From over $10 per thousand cu feet in 2005 to about $3.30 now.
Scooter wrote:The amount of natural gas that can be extracted assuming this planet's technology advances to the Star Trek age is meaningless. What is relevant is what can be extracted knowing what we know now, and knowing what we can afford. But you can continue to live in your dream world where technology and money are irrelevant.
The earth's core is mainly molten metals. By your logic we should include its volume in what we can expect to be able to extract over our lifetimes, because hey, its only a few thousand miles of drilling. Someday we might figure out how to get there, and that must count for something.
What a buffoon.
We don't have infinite resources but fracking has increased proven reserves of natural gas at a rate far beyond use. It has already started to cause disruptions in energy markets which will be changed for many decades.
Proved reserves increased by 24.3% between 2003 to 2008 while use increased only by 4.7%.
It would be a blessing if we used high fuel taxes to continue to provide an incentive to conserve, fuel which is too cheap causes wasteful use and will increase the production of global warming gasses. Instead it will be a curse of a different kind.
