Comment by GrandPoobah

Entered on: 2/25/2011 8:54:52 AM

I stopped reading when I checked some facts. The "PROVEN" reserves are a merely three years worth of reserves. Note that the author did not say economically recoverable, just proven to exist. By the way, this entire article is simply a quote from wikipedia: http://en.wikipedia.org/wiki/Oil_reserves_in_the_United_States 

Except the author left out key things, like the fact that a lot of this oil is not currently economically recoverable, or the technology for economic recovery is new technology like horizontal drilling. And once a field is discovered production does not pop up over night. And then there is the matter of what environmental coasts does extraction impose on the environment. You know, minor inconveniences like the destruction of underground aquifers.

In my opinion this article was written by someone who is some combination of liar and ignorant. But read the original and other sources yourself.

Comment by Brock

Entered on: 2/23/2011 7:39:11 PM

"we have enough cheap oil to last us for well over 1400 years into the future"

The future?  Really, not the past?  What about the past?  Is the past unimportant enough for oil?

"We" don't have jack.  "We" have no collective resources.

"We could potentially recover 2,118 billion barrels of oil"

"We" could also potentially fart rainbows and ride unicorns to work.  But, "we" won't do those, relegating all three scenarios to fantasy.