mathjak107 said:
whats the story on all the oil canada has? cant we get more?
Canada is not currently a major oil exporter. If the price goes and stays above $80 a barrel that could change.
Look who is not even on the list the good old USA.
when I said our national security was in the hands of undemocratic states I was reffering to most of the countries below not Florida or the red states.
Rank Country Proved reserves
(billion barrels)
1. Saudi Arabia 261.9 unstable undemocratic.
2.Canada 178.8 great stable democratic ally but almost all reserves (174 billion barrels) are uneconomical oil sands
3.Iran 125.8 Unstable undemocratic (hate us) terroists fanatics
4.Iraq 115.0 Unstable no functioning central government (hate us)
5.Kuwait 101.5 Unstable undemocratic
6.UAEmirates 97.8 Unstable undeomcratic
7.Venezuela 77.2 Unstable (hate us)
8.Russia 60.0 Unstable undemocratic use much oil domesticallly
9.Libya 39.0 Unstable (hate us) terroists
10.Nigeria 35.3 very unstable extreme violence in producing areas.
Source: Oil & Gas Journal, Vol. 102, No. 47 (Dec. 10, 2004). From: U.S. Energy Information Administration.
http://www.eia.doe.gov/emeu/international/petroleu.html .
These countries do not care about Americans having to pay $4.00 a gallon for gas.
I am sure many of them think it is funny to hear us bitch about it.
Iran knows it can build all the Nukes it wants because with Iraq oil taken out by the Insurgency.
The US will never risk its economy over Iran getting nukes.
What we need is a national energy policy that rewards consumers for buying more fuel efficient car, boats, trucks ect. and takes all the money currently subsidising fossil energy production in this coutry and plows it into creating renewable domestic energy sources such as bio deisel, ethanol and some day hydrogen.
This is not about electricity production. While electricity production is getting much more expensive and creating a drag on the economy and the country could benefit from significantly incentivising efficiency at least the vast majory of the fuel that produces electricity is produced domestically so we are not putting our security in the hands of foreign governments whose citizens hate us.
Unfortunately we have two oil men in the white house that despite all the evidence to the contray still think American can produce it way out of high prices. It is not a conspirancy it is stupidity. Of course Chenny did make $8 million in 05 from the sale of Halliburtan stock
so I guess he is more evil than stupid. But I am sure George Jr. turly thinks is policy is right and we can drill our way out of this.
We can't!!! 3% of reserves (including ANWAR) and 25% of consumption.
The only thing Americans can do to bring down the price of oil is use less.