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Originally Posted by Bill8
Thats a truly insane, and uniquely politically warped, interpretation of that article.
Lets see - a billion barrels is about 12 days worth of oil for the world? Is that right? Looks right - so, not a lot, two weeks worth of oil.
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No, I read the article. I have no idea what you are reading into it.
The world uses 82 MILLION barrels of oil a day.
The U.S. uses 20 million barrels a day. So that oil reserve...IF it was the ONLY one the U.S. had would be enough oil all by itself for 50 days.
But it's only one of thousands of oil finds.
Adding it into the mix along with the many other new oil finds in America and you start seeing that we have a lot of oil here.
And I agree that deepwater exploration is dangerous (obviously)....but the govt. won't allow oil companies to drill close to shore in shallow waters where it would be much safer and less risk of a disaster happening.
It's one of those unintended consequences of good intentions. You don't let them drill close to the shoreline to protect the shoreline. So it forces them to drill in deepwater. Then, because that is so dangerous and difficult...a disaster occurs and the shoreline gets messed up far worse because it's so hard to STOP an oil spill out in the deep.
If the finds of natural gas are true and there really is a hundred year supply of it...then I think we should all convert our vehicles over to natural gas and stop using oil for gasoline for cars.