Originally Posted By: buster
I find it harder than ever to find reliable, accurate information in the so called "information age". Some of the conflicting information regarding our energy crisis that I have read, once again, leves me wondering what to believe. Even with climate issues, it's so hard to find what the truth is anymore.
1. How much oil do we have in the U.S.? More specifically Colorado and Alaska? Last night on the news they said offshore drilling would give us maybe 2.5 years of oil. I've heard some say we have more than S. Arabia, and yet some say we only have about 5 years worth.
2.I've then heard that oil companies have had access to 58,000 acres of land with oil that they have not even touched. Why? Cheaper to import I suppose.
3.If we drill, which I believe we should, and oil becomes inexpensive again, do we risk further environmental damage from oceans to air quality? Do we risk falling back into the same trap, neglecting to pursue alternative sources of energy? Can we really drill safely?
Nuclear sounds like a very promissing alternative, something we should be exploring IMO. I try and go to as many sources per day to get a wide range of news opinions/sources. It just seems to me that it's harder than ever to really find out what true and what is not.
Buster it is very good to be sceptical, to many people have an agenda and spin the story. Usually the best indicators are extreme positions whether they be left of right. and another good indicator is an inability to admit there are any drawbacks to their position.
Doing your own independent research is always best. Data is usually readily available. Surprisingly Wikipedia is usually a good place to start. Other good data are industry sources. If a company says that it owns X resources then it does, it is fraud to report otherwise. Other great data is available from government sources, due diligence demands that it is accurate. Some sources I use:
https://www.cia.gov/library/publications/the-world-factbook/
http://www.nationmaster.com/index.php
http://www.bankofcanada.ca/en/rates/inflation_calc.html (Try the Federal Reserve for US Data)
http://www.un.org/databases/index.html
As to your question on oil reserves, you will get different answers due to different sources of measure. When they tap an oil well initially the oil flows out under its own pressure, as the source empties it then needs to be pumped out. It will then empty to a point that it takes as much energy to get it out as the oil is worth, so they leave the rest of it in the ground. There is a lot of that oil still in the ground in known locations. Those reserves have become economically unviable. All oil sources have a different point of economic viability, what you use as your measure may drastically change your data. There is also problem that there is oil we just haven’t found yet.