So what was Brazils peak production prior to their recent find? Think their peak production is in the past or the future? Ok I accept your flawed argument that we can never pump more oil than we are pumping now. What is the harm in trying? Even if the price continues to go up it will not go up as fast if we pump more oil. If we pump an extra 1000 barrels a year, wouldn't it be better than buying a 1,000 extra from abdul? If we can't get back to 10 billion wouldn't 8 billion be better than 5?

 

First off, I agree w/ you that it would better to use our own oil vs. King Abdullah's. No argument here. It's just that we use 21 million bbl/day here domestically. We'll never see anything more than 10 million bbl/day produced domestically again, even this figure is overly optimistic. So at current consumption, we'd still need to find an additional 11 million bbl/day from some foreign entity.

Re: Brazil, if I remember correctly, I believe their recent off-shore discovery was estimated between 800 million/1 billion bbls. Sounds like a lot of oil, but at a worldwide consumption of 85 million bbl/day, this discovery would only supplement our current use for about 10, maybe 13 days or so.

All I'm saying is that either way we look at this, the future is bleak. I'm trying to adopt an optimistic approach, to me that means weaning ourselves off of oil a bit. I don't have a very good feeling about human nature, we're not much different from dogs in my opinion.

 

Brazil find has been estimated at 33 billion barrels. Almost the same as the recent find in North Dakota. So I take it you would be in favor of nuking Saudia Arabia so we could ween ourselves off oil earlier?

Why does it sound like you are afraid we might find more oil? Again, If we can't get back to 10 billion wouldn't 8 billion be better than 5?

Your future may be bleak but i have faith that eventually the american public will figure out that a bunch of charlatans run the environmental movement.

 

I don't know why it is that you think I think it would be a good idea to nuke the Saudis in order to reduce our oil dependency...I've never even mentioned that or even given it any thought, but the more I think of it...nah, that would be a waste of a good bomb.

I agree 8 sounds better than 5, but at the end of the day we'll both be paying more at the pump regardless.

 

But, this is the important part. We will pay less if the answer is 8 instead of 5. Or, at least more of our oil dollars will stay home.

Sorry, I just thought if weening off of oil is the important thing, that would be the easiest way.

 

Anything that results in us sending fewer of our dollars over there is a good thing...I hope you're right about paying less if it's 8 vs. 5. I have my doubts, but only time will tell. Either way, the next 10 years are gonna be real interesting, that's for sure. I've got this feeling we're entering uncharted waters here.

 

[/quote]. Additionally don't mess with the first or last "quote"

Please define "control pricing" is that what Nixon and Ford tried to do in the 70's? Ask a russian what happens to supply when you try to control pricing. Ok lets concede the idiotic "idea" that adding additional supply won't decrease prices. Wouldn't you rather give your oil dollars to exxon stock holders than the saudi royal family?[/quote]
Thanx for the lesson.
What I meant by control pricing goes back to the beginning of the sentence. Maybe a poor choice of words but this is the jist of it. If we could start pumping enough oil to take care of ourselves then we wouldn't be giving our dollars to the Saudi's. I am also not naive enough to think our own boys, Exxon/Mobil wouldn't gouge us either. I still think we need to aggresively move away from our dependence on oil.

Well I got part of the quoting thing down.

 

Someone please tell me why oil has become so much of a whipping boy for a lot of ppl?I,ll say it again ok?We were warned about this over 20 years ago and all we did was b--d over for the wacko,s so here we are a day late and a dollar short and there are those of us who could give a toss about the environment.Why the hell does this all smack of marxism to me ?





Life is tough and its even tougher if your stupid !
JW

 

Do you think oil prices would drop if demand for oil in the U.S. would drop by 25% in the next year?

 

It was a trap, all of those extra "quotes" were going to mess you up. Exxon won't be any more likely to gouge you than Tyson or UPS. I sure hope my 401K has some Exxon stock in there.