I don't like being so close to Iraq on that list.
World's Oil Reserves
- Thread starter oilyriser
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Nigeria's oil supply is totally shut down due to political unrest, further tightening the world's supply (they produced 3% of the world's oil last year).
I had no idea Canada had so much either. You would not know it from the gas price they charge up there. At least in British Columbia it seems like its always much more up there.
I would have guessed Russia would be higher on the list. Shows you what I know.
I would have guessed Russia would be higher on the list. Shows you what I know.
Canada has been sending nasty signals our way.
They're onto us!
We must act quickly, Canadian brethren. Our only hope is to sneak over the border and fill all their military equipment with straight 50 weight oil. Then when they roll over the border, their vehicles will all grind to a halt as their oil freezes solid.
To arms!
We must act quickly, Canadian brethren. Our only hope is to sneak over the border and fill all their military equipment with straight 50 weight oil. Then when they roll over the border, their vehicles will all grind to a halt as their oil freezes solid.
To arms!
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A 5th column movenment if I ever saw one. "and the 5th column attacked from within (cue ominous music
)"
You Can-hook-ians need to build some refineries! All that oils and your fuel is more expensive than ours. Gouging I tell you!
I find it a little funny how recently (2 years or so) the price of oil has shot up high enough to make it economically feasible for us Albertans to start refining oil out of the oil sands. We knew the oil was there long ago, but no one knew a cheap way to refine it.
Enter a hurricane, some political unrest in the middle east, and BAM, there's a reason for high oil prices. So now we can refine that oil!!
Enter a hurricane, some political unrest in the middle east, and BAM, there's a reason for high oil prices. So now we can refine that oil!!
I wrote this message in response to an email floating around on how we should boycott XOM. I figure it fits this topic thread...
...But with people needing to get to work, store, church, people aren't driving all that much less. They NEED to drive, and so they will. How many people have given up their HD Plasma screen TV's to keep their gas tank full? Quit smoking? ...or canceled their cable TV and cable internet to make up the difference in energy costs? I haven't heard of too many.
And many people buy gas at the closest filling station, they don't care a hoot about boycotting gas companies, just getting gas.
Other factors contribute a much larger part of the problem. In light of China and India doubling their consumption in the past 11 years, this puts a strain on the global supply. How much did the price go up because of this supply tightening? And Nigeria, where as of 2005, the U.S. imported 12% of all it's oil, now exports zero to the U.S., and zero to anyone else as the political unrest has completely shutdown oil production. In 2005, Nigeria supplied 3% of the global market before the political unrest. How much more did the price go up due to an even tighter world supply?
Back in early 2004, the UK press broke the story that Duetche-Shell has been overstating it's global reserves for years by 20%. Overnight, the price of crude oil shot up and turned into a 25 cent per gallon gas hike that will never come down.
http://www.theage.com.au/articles/2004/04/19/1082357108308.html?from=storyrhs
Did the TV stations talk about this story's impact on global supply and long term pump prices?
Seeing as XOM (Exxon-Mobil) is in 200+ countries and make 70% of their profit from non-U.S. sales, only 30% (approx $2.3 billion) of the recently reported 4 billion in 1st quarter profit is from the U.S., shows their profits are up, but nothing to get too excited about. In order to profit $4 billion, XOM had to spend over $150billion in natural expenses during this time frame. Doesn't seem like too much profit all in all.
The average profit for the oil companies is 9 cents per gallon of gas. In New York, the state makes 68 cents per gallon. So when you filled up your 18 gallon tank at $3/gallon, taking ALL oil company profit from the sale takes your $54.00 bill all the way to down to $52.38. XOM had to spend $150 billion over the 1st quarter to make those profits, but the goverment spent ZERO to garner almost EIGHT TIMES MORE profit than XOM! Hardly seems fair to fault XOM.
Given Russia's stand against us in the Iraq war, their oil 'profits' now make more sense...they're in bed with the mid-east countries and have been estimated to take-in untold billions in additional $$ that is so desperately needs to keep its communist country afloat. http://www.russiablog.org/2006/05/is_russia_abusing_its_energy_p.html
This past week China's President Hu met with Cuban dictator Castrol so Cuba can lease the land for China to drill ONLY 75 MILES FROM THE U.S COAST! How in ***'s name does this make any sense????
But the news media (AP, UP, NY Times, etc) continues to beat the same old, worn-out drum about how we use too much fuel with SUVs, the Iraq war caused all this oil mess, it's President Bush's fault, XOM makes too much profit, etc. The U.S. hasn't allowed any new oil drilling in or around the U.S. in nearly 30 years (thank you President Carter!). For as long as we're so utterly dependent on foreign oil sources is as long as we'll be paying high gas prices and subject to the whims of the market, and saber-rattling dictators such as the idiot in Iran. We need to get to those oil fields before the Cubans, which need money, lease out that space to the Chinese...we'll then be competing with the Chinese in our own backyard. IF we allow our own companies to help us be more sufficient.
Alternative energy sources are obviously what's needed in the medium and long term, but for now, we to be self sufficient by producing more oil.
In a recent interview, a Ford exec stated that even if ALL of the cars in the U.S. suddenly were gas-sipping 4cylinder hybrids, that in six years, our oil consumption would be at the level it is today. Seems trivial to worry about that battery-powered car, doesn't it?
Seems to me that "big oil" is the wrong enemy. Our own politicians who refuse to allow us to retrieve our own oil supply ARE the culprits. The smoke & mirror games they play blaming "this" person or "that" company is all false talk to get us to vote for them when they haven't provided a legitimate energy solution to keep us from getting into this energy bind. And all those taxes!!!...they far outweigh the XOM's profit margins! But of course, no one is barking about the government making absurd profits per gallon...which to me, makes no sense at all.
We can change the oil of our cars in our own driveway, but we're not allowed to create new oil rigs to drill for oil in our own country.
...But with people needing to get to work, store, church, people aren't driving all that much less. They NEED to drive, and so they will. How many people have given up their HD Plasma screen TV's to keep their gas tank full? Quit smoking? ...or canceled their cable TV and cable internet to make up the difference in energy costs? I haven't heard of too many.
And many people buy gas at the closest filling station, they don't care a hoot about boycotting gas companies, just getting gas.
Other factors contribute a much larger part of the problem. In light of China and India doubling their consumption in the past 11 years, this puts a strain on the global supply. How much did the price go up because of this supply tightening? And Nigeria, where as of 2005, the U.S. imported 12% of all it's oil, now exports zero to the U.S., and zero to anyone else as the political unrest has completely shutdown oil production. In 2005, Nigeria supplied 3% of the global market before the political unrest. How much more did the price go up due to an even tighter world supply?
Back in early 2004, the UK press broke the story that Duetche-Shell has been overstating it's global reserves for years by 20%. Overnight, the price of crude oil shot up and turned into a 25 cent per gallon gas hike that will never come down.
http://www.theage.com.au/articles/2004/04/19/1082357108308.html?from=storyrhs
Did the TV stations talk about this story's impact on global supply and long term pump prices?
Seeing as XOM (Exxon-Mobil) is in 200+ countries and make 70% of their profit from non-U.S. sales, only 30% (approx $2.3 billion) of the recently reported 4 billion in 1st quarter profit is from the U.S., shows their profits are up, but nothing to get too excited about. In order to profit $4 billion, XOM had to spend over $150billion in natural expenses during this time frame. Doesn't seem like too much profit all in all.
The average profit for the oil companies is 9 cents per gallon of gas. In New York, the state makes 68 cents per gallon. So when you filled up your 18 gallon tank at $3/gallon, taking ALL oil company profit from the sale takes your $54.00 bill all the way to down to $52.38. XOM had to spend $150 billion over the 1st quarter to make those profits, but the goverment spent ZERO to garner almost EIGHT TIMES MORE profit than XOM! Hardly seems fair to fault XOM.
Given Russia's stand against us in the Iraq war, their oil 'profits' now make more sense...they're in bed with the mid-east countries and have been estimated to take-in untold billions in additional $$ that is so desperately needs to keep its communist country afloat. http://www.russiablog.org/2006/05/is_russia_abusing_its_energy_p.html
This past week China's President Hu met with Cuban dictator Castrol so Cuba can lease the land for China to drill ONLY 75 MILES FROM THE U.S COAST! How in ***'s name does this make any sense????
But the news media (AP, UP, NY Times, etc) continues to beat the same old, worn-out drum about how we use too much fuel with SUVs, the Iraq war caused all this oil mess, it's President Bush's fault, XOM makes too much profit, etc. The U.S. hasn't allowed any new oil drilling in or around the U.S. in nearly 30 years (thank you President Carter!). For as long as we're so utterly dependent on foreign oil sources is as long as we'll be paying high gas prices and subject to the whims of the market, and saber-rattling dictators such as the idiot in Iran. We need to get to those oil fields before the Cubans, which need money, lease out that space to the Chinese...we'll then be competing with the Chinese in our own backyard. IF we allow our own companies to help us be more sufficient.
Alternative energy sources are obviously what's needed in the medium and long term, but for now, we to be self sufficient by producing more oil.
In a recent interview, a Ford exec stated that even if ALL of the cars in the U.S. suddenly were gas-sipping 4cylinder hybrids, that in six years, our oil consumption would be at the level it is today. Seems trivial to worry about that battery-powered car, doesn't it?
Seems to me that "big oil" is the wrong enemy. Our own politicians who refuse to allow us to retrieve our own oil supply ARE the culprits. The smoke & mirror games they play blaming "this" person or "that" company is all false talk to get us to vote for them when they haven't provided a legitimate energy solution to keep us from getting into this energy bind. And all those taxes!!!...they far outweigh the XOM's profit margins! But of course, no one is barking about the government making absurd profits per gallon...which to me, makes no sense at all.
We can change the oil of our cars in our own driveway, but we're not allowed to create new oil rigs to drill for oil in our own country.
Aw don,t do that ,we Canadians can,t except all the POW,squote:
Originally posted by Terry:
I think we need to evacuate IRAQ immediatly and get Rummie and General George W. headed on his war horse to the great white north. This is one we can win. Just don't drink the beer, we Yankees can't handle it...
- Joined
- Jun 2, 2003
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- 23,591
From the wikipedia:
In international maritime law, an Exclusive Economic Zone (EEZ) is a seazone over which a state has special rights over the exploration and use of marine resources. Generally a state's EEZ extends to a distance of 200 nautical miles (370 km) out from its coast, except where resulting points would be closer to another country. Technically it does not include the state's territorial waters, so the EEZ's inner boundary follows the borders of the state's territorial waters (usually 12 nautical miles from the coast).
Now, now, Terry - Americans CAN handle Canadian beer just fine. The problem is that after a couple they can't handle anything else!
Canada has around 180 billion barrels of proven reserves, most but not all in tar sands. Estimated, but un-proven "economic" reserves are more like 250 billion barrels of tar sand oil, and "uneconomic" tar sand oil is around 2,000 billion (two trillion) barrels. The USA has around two trillion "uneconomic" barrels in oil shale in Wyoming, Colorado and Utah.
There's no shortage of oil, just a shortage of money to dig it up and process it!
Cheers
JJ
Canada has around 180 billion barrels of proven reserves, most but not all in tar sands. Estimated, but un-proven "economic" reserves are more like 250 billion barrels of tar sand oil, and "uneconomic" tar sand oil is around 2,000 billion (two trillion) barrels. The USA has around two trillion "uneconomic" barrels in oil shale in Wyoming, Colorado and Utah.
There's no shortage of oil, just a shortage of money to dig it up and process it!
Cheers
JJ
"but the goverment spent ZERO to garner almost EIGHT TIMES MORE profit than XOM!"
This is incorrect. Our government spends a good proportion of the US military budget protecting the oil shipping lanes. When this is added in, we taxpayers pay an estimated $0.38 per gallon just to insure that the oil stays flowing.
"The U.S. hasn't allowed any new oil drilling in or around the U.S. in nearly 30 years "
They drilled 2 wells in one of my properties last year! So much for not allowing exploration and drilling.
"Our own politicians who refuse to allow us to retrieve our own oil supply ARE the culprits."
So, throw the lot of them out--lock stock and barrel. Its is called an election, and you get to vote on who wins.
This is incorrect. Our government spends a good proportion of the US military budget protecting the oil shipping lanes. When this is added in, we taxpayers pay an estimated $0.38 per gallon just to insure that the oil stays flowing.
"The U.S. hasn't allowed any new oil drilling in or around the U.S. in nearly 30 years "
They drilled 2 wells in one of my properties last year! So much for not allowing exploration and drilling.
"Our own politicians who refuse to allow us to retrieve our own oil supply ARE the culprits."
So, throw the lot of them out--lock stock and barrel. Its is called an election, and you get to vote on who wins.
I don't think so.
The US is reported to have over 2 trillion barrels locked up in shale. I believe Canada has a similar amount.
http://www.fe.doe.gov/programs/reserves/npr/NPR_Oil_Shale_Program.html
Also, I believe there is much debate as to Saudi Arabia's proven reserves, as they alone estimate how much they have left. I do not believe they allow third-party verification for their numbers. How convenient.
Canada's oil is in the form of tar sands, easy to dig and relatively quick and cheap to wash out.
The refinery I work in was designed to make a reasonable profit if the world price was at $21US/BBL, $65 is.....very reasonable!
(Our company) uses dual pipelines to bring the oil south from the mines, we send solvent up in a six inch line, they send the diluted tar down south in a twenty-four inch line. We strip the solvent and process the Goo.
It needs to be "upgraded" using hydrogen to thin it out. The "Old School" refineries strip the extra carbon out in Cat Crackers, and burn it off, or use it for industrial coke, but modern ones hydrocrack it down into gas/diesel/jet etc.
More expensive, but you also don't lose the 10% carbon, by using H2 we actually get 113% on our input!
These Upgraders aren't cheap, this one cost $5 billion, but there are now five more being built within ten miles of ours!
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doc
The refinery I work in was designed to make a reasonable profit if the world price was at $21US/BBL, $65 is.....very reasonable!
(Our company) uses dual pipelines to bring the oil south from the mines, we send solvent up in a six inch line, they send the diluted tar down south in a twenty-four inch line. We strip the solvent and process the Goo.
It needs to be "upgraded" using hydrogen to thin it out. The "Old School" refineries strip the extra carbon out in Cat Crackers, and burn it off, or use it for industrial coke, but modern ones hydrocrack it down into gas/diesel/jet etc.
More expensive, but you also don't lose the 10% carbon, by using H2 we actually get 113% on our input!
These Upgraders aren't cheap, this one cost $5 billion, but there are now five more being built within ten miles of ours!
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doc
Shouldn't more places start pumping oil. With the current prices, they could make some money.
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