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  adaydream at 02:39 AM JST - 12th June

  B/S

  You folks want to accept the oil corporations explanations, kewl. If you want to think that they are telling you the truth, fine.

  But, I'm a little more open eyed then that.

  Trust oil corporations? Hell No!! < :-)

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  adaydream at 02:43 AM JST - 12th June

  80% tapped out? Crap.

  We've only tapped into 3% of the oil reserves beneath us. Gull Island has enough oil for the US for 200 years. But it's not baing pumped at all.

  Okay...okay...just to make you guys happier at least have the oil magnets pass out jars of vasoline. Because we're getting a real screwing at the pumps. < :-)

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  adaydream at 04:01 AM JST - 12th June

  80% Tapped out?

  We've only been using gasoline in great volumes since the 30s, 40s or 50s. Before then we weren't useing it at in volumes we've seen in the past 50 years..

  So in less than 100 years we've used 80% of the oil reserves underneath us? And the world leaders are trying how hard to find an alternative fuel?

  Please, if we had used 80% of our petroleum reserves the geore bush Memorial War in Iraq would be nothing compared to the greedfest that we would see. And the price of petroleum would be $1000.00 a barrel.

  I'm watching the news this morning and certain factions on Wall Street are calling for oil at $186.00 in 2030. If we'd used 80% there wouldn't be oil in 2030. < :-)

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  adaydream at 03:12 PM JST - 12th June

  http://www.nextenergynews.com/news1/next-energy-news2.13s.html

  There's a new oil field. We have more oil available, right?

  When will we see it?

  When does it affect the price on the market? < :-)

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  Loki520 at 04:25 PM JST - 12th June

  You keep confusing those two specific fields, which you mentioned, with the reserves, which is MANY more fields than those two. There is a huge difference between those fields and the reserves, of which those fields are only part of.

  The predictions of how much oil was available within those areas was made 30 years ago, and was based on the capacity of oil usage AT THAT TIME. There has been tremendous spikes in the amount of oil used, as well as a severe reduction in refinery's, of which we've built diddly over the past several years. 30 as a matter of fact.

  Your statements all seem to be based on: 1) The numbers tossed out by those same conspiracy nuts who think everyone is out to get them ("it's not faaaaiiiiirrrr") whose numbers don't jive with the leading GEOLOGIST's figures (not the oil industry), 2) A mistaken belief that the oil we currently have, regardless of how much, is the ONLY oil there is. Your statement of "80% of our petroleum reserves the geore..." is predicated on ZERO additional production.

  However the oil industry, and your right on this, should not be trusted to manage OUR future. But it is the CONGRESS that is allowing them to do so.

  -- Though we have more oil in the shale of Colorado, Utah and Wyoming than there is in the Middle East (800 billion barrels), liberals and environmentalists have made it illegal to touch it.

  -- It's illegal to drill in northern Alaska's Arctic National Wildlife Refuge or off the coasts of Florida or California. The main reasoning is that the enviro's are worried the footprint will damage local wildlife. But in the areas around the other fields, wildlife numbers have INCREASED. Probably because the animals are, in fact, less hunted in these areas now.

  -- It's illegal to explore the Atlantic Ocean for oil.

  -- It's illegal to explore the Pacific Ocean for oil.

  -- We're not receiving leases anymore to drill in the Gulf of Mexico, while China, Venezuela and Cuba are.

  -- We haven't built an oil refinery in more than 30 years and have reduced in half those we have operating.

  -- American airlines are in danger of going out of business.

  -- There's enough natural gas beneath America (406 trillion cubic feet) to heat every home in America for the next 150 years, but we can't tap it all.

  -- We have the largest supply of coal in the world, but it's Germany who is planning to build 27 coal-fired power plants by 2020.

  There is simply no reason or justification for us to be dependent on foreign fuels that we can produce in our country. Do you realize that $2 of every gallon you buy goes straight to FORIEGN companies.

  Yes, the oil industry is full of bastages that want to get rich. Let them get rich, I don't care. But they can do it at .50 per gallon instead of the $2 that we currently pay to the foriegn companies. We can be self-sustaining in oil production, REGARDLESS of how much is left in our current oil reserves.

  And... Iraq is not producing at pre-war levels, and have seen a 28.5 Billion $ profit in just the first 5 months of this year. Those levels, produced by US companies, etc.. WOULD result in lower prices for US citizens, create jobs, and wean us off the dependency we currently have.

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  Loki520 at 04:27 PM JST - 12th June

  That last part should read Iraq is NOW producing at pre-war levels...

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  DanManjt at 11:41 PM JST - 12th June

  In the end it doesn't matter why oil/gas prices have increased. Americans are not happy about paying more than $4.00. gallon.

  And they will take it out on Bush's party this November.

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  DanManjt at 11:44 PM JST - 12th June

  As for a world petroleum supplies, you can read all about it here:

  http://www.dani2989.com/matiere1/hubbertpeakoilgb.htm

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  adaydream at 12:30 AM JST - 13th June

  DanManjt, I have to say that I don't believe your link.

  He says we hit our peak years ago. I disagree.

  He also shows on his graph that future discoveries will only help us ween off oil as our oil reserves diminish. I don't agree. He's giving you the petroleum companies story. I think they lie to the American people and to Congress.

  We have reserves that are capped and aren't being pumped out.

  They haven't built a refinery in 30 years. You think it's all a problem of emissions and not being able to build a refinery that doesn't ruin the atmosphere? Hell no. We can build plants that stay under emissions limits, but then you don't have a supply problem then. You have plenty of gasoline then and damn they'll have to dream up another reason to keep prices inflated.

  It's a pack of lies. < :-)

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  DanManjt at 12:57 AM JST - 13th June

  I don't think Hubbel was lying. He may have been mistaken, but the notion that there is a limited supply of a resource is hardly an Area 51 idea.

  Something you may consider: although oil reserves may be more, much more, than what many believe, there is the cost-efficiency problem. A lot of the world's oil may be much more expensive to get to than currently used fields.

  But I am wondering one thing: why doesn't Bush release our strategic oil reserve....?

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  adaydream at 01:19 AM JST - 13th June

  The Congress forced him to stop filling the SOR last month.

  http://www.nytimes.com/2008/05/14/business/14oil.html?ref=business

  < :-)

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  DanManjt at 12:27 AM JST - 14th June

  Which I cannot understand.

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  RedMeatKoolAid at 07:23 PM JST - 14th June

  If I were Barack Obama's handlers I'd have him slam the legacy of Che Guevara. Photos like this aren't going to help the jr senator's chances in battleground states. http://www.usatoday.com/news/nation/2008-06-10-ohio-lethal-injection_N.htm?csp=34

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  RedMeatKoolAid at 12:04 PM JST - 15th June

  Another refusal to endorse Obama

  Delegate’s reversal stuns party Wisconsin Democrat now publicly supports McCain http://www.jsonline.com/story/index.aspx?id=762052&format=print

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  RedMeatKoolAid at 12:58 PM JST - 17th June

  "ANWR Exploration House Republicans: 91% Supported House Democrats: 86% Opposed"

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