You say you want oil?

SeaCat

Shared on Thu, 06/12/2008 - 00:17
Green River Formation, covers portions of Colorado, Utah, Wyoming - 1.1 Trillion barrels estimated, 800 billion barrels fully recoverable.
Onshore, 19 billion barrels
Offshore, 18.92 billion barrels

Drill here, Drill now, Pay less!

Exxon paid $30 billion in taxes in 2007
Exxon paid $28 billion in taxes in 2006

It's easy to blame the oil companies when we aren't letting them go and get the oil that we have available due to envirofacists. The government is getting a HUGE chunk of that oil company tax pie. If we wind up installing a windfall tax to tax them even more do you think gas prices are going to go down? Somebody has to make sure the oil companies still turn a profit so they will pass that price right on to us. No thanks mr. osama

In 2006 the democrats promised to lower gas prices. Nancy Pelosi said "Democrats have a plan to lower gas prices…join Democrats who are working to lower gas prices now". What happened to that promise? It's gone nothing but up. The democraps control the House and the Senate majorities, what's the deal?

Ron Kanjorski: Democrats ’stretched the facts’ about Iraq war to win '06 elections. Watch this video...........
Ron Kanjorski admission
(don't know how to actually post the video here if someone knows please let me know)

Comments

NormalGuy's picture
Submitted by NormalGuy on Thu, 06/12/2008 - 07:29
Oil SHALE is not the same thing as oil.
BalekFekete's picture
Submitted by BalekFekete on Thu, 06/12/2008 - 08:10
From wikipedia: According to a survey conducted by the RAND Corporation, the cost of producing a barrel of oil at a surface retorting complex in the United States (comprising a mine, retorting plant, upgrading plant, supporting utilities, and spent shale reclamation), would be between US$70–95 ($440–600/m3, adjusted to 2005 values). That's less than the price per barrel today, and therefore economically viable. The same source above projected a reduction of 50% after 12 years production as technologies were refined. I'm game...! Bring back $40/barrel.
SeaCat's picture
Submitted by SeaCat on Thu, 06/12/2008 - 08:20
Oil Shale is harder to process into crude, but it can be used for energy, burning it like coal for power and heat. It's also used to produce kerosene, jet fuel and diesel fuel. If drilling reduces our need for foreign oil then let's drill it!

Join our Universe

Connect with 2o2p