BTW: If you can tear yourselves away from listening to Rush Limbaugh Froth Away about Evul Liberal Policies, visit here.

Quote:

June 11th, 2008 Earlier in 2007, the world's top oil investment banker and former Bush and Cheney energy advisor, Matthew Simmons, told a stunned Bloomberg audience that oil could reach $300 a barrel. Here's what else Simmons had to say: "I am firmly of the belief that over the course of the next year or two, this issue of Peak Oil will replace global warming as an issue that we're all worrying, debating and talking about." On the flip side of the Peak Oil crisis, though, lies the greatest money-making opportunity of the 21st Century. Chances are you're already familiar with our northern neighbor's booming oil sands. Canada's oil sands contain an estimated 174 billion barrels of oil. Meanwhile, the White House has urged Canada to pull out all the stops to increase oil sands production by 400%. And capital investment in the sands has been unstoppable. Energy and Capital Editor Brian Hicks, featured guest on Your World With Neil Cavuto Just look at Suncor (NYSE:SU), the Exxon of the Canadian oil sands, which recently cleared a new record high. Investors have made a fortune owning big companies like Suncor, PetroCanada, Imperial Oil and Western Oilsands. But the buck doesn't stop there. We've uncovered a hidden gem in the Canadian oil sands space. It's a company that has so much oil (proven oil), you can get 3.25 barrels of oil for $5. In fact, they have 28 barrels of proven reserves per every share outstanding.

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Banned Before Bored

If there were oil out here in the desert, with today's technology I would support drilling of it. The technology has changed so much that it is now clean and safe.



ANWR is off limits. There is an enormous amount in ND and others that still exist that are untapped. Government should take off the restrictions.

38 Billion unaccessable

1 Trillion currently illegal to develop





[quote Secret Samahdi]Hell yeah it does!!!!!!!

So there IS a magic wand...he just chooses not to wave it? [/quote]

Not precisely sure what you are getting at but if you are suggesting eliminating the gas tax, I've heard both positive and negatives to that idea.





Absolute Agreement. Nobody here is proposing destroying or causing great harm to the environment. This can be done in a safe and responsible manner.

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Oh jeez. Peak oil AGAIN???? This thing keeps rearing it's ugly head, and we're still no closer to 'Peak' then we were when this abortion of an idea was born.

Supply could be addressed if our very own govt would get the hell out of the way, and let our oil concerns do what they do...produce oil. If/when we ever run out of liquid petroleum, the U.S. is sitting on about the largest reserves of shale 'oil' in the world. Enough to last us literally for hundreds of years. If/when we manage to consume all of that, we have enough coal to last us for hundreds of years. (yes, converting coal to liquid is a pricey game, but the Germans did it in both world wars. It can and will be done if the need is great enough).

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Well, you've certainly done a good job of dropping the Rush Limbaugh Parrot Routine, but you've failed to answer the simple question: Why would developing domestic bbls outside the legal limits right now be a sound economic idea?

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Banned Before Bored

<<<sigh>>>

So you believe that Fossil Fuel Powered World will go on for a few hundred years, then "POOF" another fuel source will miraculously appear?

Sorry to burst your bubble, but converting to another energy source isn't gonna be easy, and putting off the inevitable will not make it easier.

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Banned Before Bored

That could be a long ways off. Who knows what the peak will be?

All they have to do is produce less to increase the price.

Are you saying that Canada doesn't sell to the highest bidder?

In the short run, I see no relief.

I don't recall suggesting any such thing. The only reason people are beating the oil drum, (nyuk nyuk), is because of GW concerns, not because we're on the verge of running out. We're not, we won't have to face that for a very long time.

Well shit, since we're working this angle, I suggest we stop mining all other mineral resources immediately. They're all finite, we'll eventually 'run out', so we might as well (ignore that we have tens of thousands of years of untapped mineral resources directly beneath our feet), and face the inevitable now.

Since we do have hundreds of years worth of fossil fuel available too us, it kind of makes moot the idea that we have to have something else right NOW, or we're all doomed.

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What 'legal limits' are you talking about?

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Those limits imposed by legislation.

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Oh, now its "TENS of Thousands of YEARS OF UNTAPPED MINERAL RESOURCES DIRECTLY BENEATH OUR FEET???"

OK, you wanna develop domestic shale oil (despite the abundant resources in Canada that are already being developed).

Why?

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Banned Before Bored