Web Search powered by YAHOO! SEARCH
06.30.2008 5:17 pm

U.S. could be at top of list of countries with large oil reserves

St. Louis Post-Dispatch

In response to the letter of June 26 “Dollar Short” it appears that the letter writer has been listening to the Democratic response to the Republican effort to authorize drilling in ANWR.  Senator Schumer (D-NY) was on on the radio saying it wouldn’t do any good for the 10-12 years as it would take that long for it to be on line. He failed to mention in this same interview that then President Bill Clinton (D) vetoed the entire budget in 1995 (thirteen years ago) because it obtained a provision to permit drilling in ANWR and also indicated he would veto any bill that allowed drilling in ANWR. According to Senator Schumer’s timetable we poor slobs here would now be benefiting from the drilling.

As for the letter writer’s assertion that the amount of oil there is insignificant I would like to point out that opponents of drilling there estimate that the U.S. Geological Survey report actually estimated 7 &2/3 billion barrels of oil to be recovered. Doesn’t sound too insignificant to me and if you add offshore amounts it puts the U.S. close to top of the list of countries with large oil reserves.

Ray Walters

St. Peters

1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 5 out of 5)
Loading ... Loading ...
10 comments

Comments are closed.

I listened to several analyst who specialize in oil for the commodities market. Their take was drill in Anwar or off shore and we will use the oil up in fewer years than it took to drill. However, get the oil out of shale rock which sits in the middle of the US and we could have oil for several generations. The problem is that no one is developing the technology or at least putting much effort into it, which is needed to do the extraction at a reasonable cost. With oil companies making record profits and yet they will not put money into the future, most likely because it takes away from their bonus amount at the end of the year. This is a trillion barrels.

— Bob
5:48 pm June 30th, 2008

And the ignorant libs are still blocking drilling bills, along with nuke power.

— JD
5:56 pm June 30th, 2008

Because, over the past 30 years:

Democrats have blocked the development of new sources of petroleum.
Democrats have blocked drilling in ANWR.
Democrats have blocked drilling off the coast of Florida.
Democrats have blocked drilling off of the east coast.
Democrats have blocked drilling off of the west coast.
Democrats have blocked drilling off the Alaskan coast.
Democrats have blocked building oil refineries.
Democrats have blocked clean nuclear energy production.
Democrats have blocked clean coal production.

And, what is the democratic solution to the current energy crisis?
–Democrats want to tax oil companies and sue OPEC!

— Si Vis Pacem Para Bellum
6:44 pm June 30th, 2008

Bob, why don’t you buy an oil company since you have all the answers. I have some questions for you.

Have you seen the pictures of ANWR where the oil companies want to drill? Who owns the oil companies? Do you know what a profit margin is? Do you know what the profit margin is for the oil industry? Why is it the oil company’s job to find alternative energy? Isn’t there business the oil business? Why haven’t many of your liberal buddies started alternative energy companies that would be captivating the market right now?

You guys are responsible for this oil crisis due to supply and demand. It’s too bad that the liberal politicians have fools like you who actually believe this silliness.

— superdave
9:07 am July 1st, 2008

Do a little reading on how well drilling is doing in North Dakota and the oil they are finding,now the environmental wackos say we have to stay farther away from the sage grouse,its the polar bears and the caribou in Alaska,might harm the tourist industry for off shore wells,even though if they are out fifty miles they can’t be seen from land.You have a choice now come November,vote Reublican and possibly get some relief on prices, or vote Democratic and pay $10 a gallon for gasoline and natural gas for your homes and higher food prices because of ethanol use. LS

— HAM
9:21 am July 1st, 2008

Do a little reading on how well drilling is doing in North Dakota and the oil they are finding,now the environmental wackos say we have to stay farther away from the sage grouse,its the polar bears and the caribou in Alaska,might harm the tourist industry for off shore wells,even though if they are out fifty miles they can\’t be seen from land.You have a choice now come November,vote Reublican and possibly get some relief on prices, or vote Democratic and pay $10 a gallon for gasoline and natural gas for your homes and higher food prices because of ethanol use. LS

— HAM
9:24 am July 1st, 2008

Do a little reading on how well the dilling in North Dakota is going and the oil being produced,now the enviro wackos are saying we have to stay five miles from any sage grouse,its the polar bears and caribou in Alaska,its the tourist industry opposing off shore drilling,even though if its fifty miles off shore it can’t be seen.Chrysler just announced its lying off appx 2400 employees,largely becase of the fuel prices,keep voting Democratic and we will have $10 a gallon gasoline and food prices will be so high we can’t eat.

LS

— HAM
9:41 am July 1st, 2008

come November and vote republican???

and be governed by a bush-cheyne clone who counts sick visious and hambone as his backers…

no thanks.

— llbean
11:34 am July 1st, 2008

llbean, what makes you think I am a McCain supporter? I dont agree with him on immigration, campaign finance, global warming (hoax), ANWR just to name a few. But despite everything wrong with him as a candidate, he is much better than the alternative. This last SC session shows just how important elections are.

— Si Vis Pacem Para Bellum
1:33 pm July 1st, 2008

Coal;acid rain. Wind turbins;dead birds. Nuclear;radioactive. Oil;global warming. Natural gas;pipeline leaks. Wood;deforestation. Hydro;damn dams. Horses;manure. Solar panels;unsightly views. Fuel cells;hydrogen hazards. Ethanol;food prices. Whale oil;dead whales. Any more bright ideas? The Sierra Club is waiting……….

— A#
1:39 pm July 1st, 2008