The future is wind and solar.
- Thread starter AronSearle
- Start date
No they won't. Oil companies are in it to make money and if it costs too much to get it out of the ground they will leave it there. Loads of known oil in the ground which will never see the light of day.
You are still 895 billion barrels short of your claim. If there was as much recoverable oil down there as you say then the price of oil on the world market would be halved overnight. That oil has been known to be there for over 50 years and they are still not pumping much out.
Though I am sure if you wanted to invest they would take your money
You can be assured if they can recover it, they will...regardless of cost, oil companies are finding new methods all the time and cost is irrelevant as they CAN sell it, esp when worry is its not going to last.
The ammount of barrels is not my claim, its the claim from a number of scientists and geolical surveys.
The USGS stated in 2008, the link I gave you....that up to 4 billion barrels are recoverable, 4 years later the estimated amount recoverable is up to 45 billion barrels.
From the NCPA
The NCPA !! Ha ha. Newt Gingrich's favourite think tank. Yeah right, I'll believe them.
Continental Resources would like you to think there is 900 billion barrels in there because then you would buy their shares.
However if you look at what the company tells the SEC in their filings (and they are more likely to tell the truth when dealing with the SEC)
Link from the following page, Download Annual Report.
http://phx.corporate-ir.net/phoenix.zhtml?c=197380&p=irol-irhome
it's a big pdf and they say 'potential' 11 billion barrels when they are made to say what they really think. So now only 899 billion barrels to find.
But feel free to buy their shares.
Continental Resources would like you to think there is 900 billion barrels in there because then you would buy their shares.
However if you look at what the company tells the SEC in their filings (and they are more likely to tell the truth when dealing with the SEC)
Link from the following page, Download Annual Report.
http://phx.corporate-ir.net/phoenix.zhtml?c=197380&p=irol-irhome
it's a big pdf and they say 'potential' 11 billion barrels when they are made to say what they really think. So now only 899 billion barrels to find.
But feel free to buy their shares.
anyone heard anything about the under water tide powered turbines off north Scotland I heard an interesting R4 prog some time ago nothing heard since
I'd believe anything from than the NCPA, over the USGS!
4.3 billion barrels of crude oil, as published in a report issued by the USGS in April 2008, to potentially 11 billion barrels of crude oil in North Dakota alone The Bakken oil fields spread out a lot further than just North Dakota!
As a spokesman for USGS said.."we dont drill".....its the oil companies that collect the data of how much oil is there, UCGS surveys where well out by their own admission.
Face it, scientists know its there, UCGS now believe it is there, other companies know its there.....but you think that figure has been plucked out of this air to increase shares?
The scale of Bakken is huge, I wonder why all these large oil companies are setting up shop there?
So who do we believe, the UCGS, who got their estimates a long way out, and have admitted its the oil companies that drill and find the oil
or
The large oil companies who carry out the drilling and data collection of the area, not to forget...Continental is just one of many oil producers working in the area.
But still the fossil fuels are running out. If they last a decade or a 100 years, they are going. Would be better for us all if we cracked the clean energy now, stopped damaging our planet so much.
Same has been said about China and India and in a lot of ways it's still true. This century will be theirs though and not ours.
We have to face facts here. There are 2 billion plus there alone and they are getting a middle class. They want cars, air conditioning, foreign holidays, refrigerators. Exactly what we have now. And they are building coal fired power stations like they are going out of fashion (well at least China is, India isn't quite there yet). Their CO2 emissions are going to dwarf ours, probably already do.
There is absolutely nothing we can do in the UK anymore which will make any difference to climate change. Our generation will be cursed by the future generations but we cannot do anything about it. May as well enjoy life while we can.
Sums it up perfectly- thank you. Very refreshing indeed.
If it wasn't for our selfless efforts to burn up the fossil fuels, we'd be under a mile of ice now 
Here's a great way to save our energy reserves simply get tough on immigration and make this country less attractive to anyone who thinks this place is the land of milk and honey (Which it is of course unless your a taxpayer ) . Do what the aussies did and place them on a ship off shore.
The meek WILL inherit the Earth whether they want it or not.
The Earth has water in abundance so any trace of human decadent capitalist greed could be washed away and the Earth cleansed in as short a time period as an epoch.
The Earth has water in abundance so any trace of human decadent capitalist greed could be washed away and the Earth cleansed in as short a time period as an epoch.
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There are twice the migrants in Oz than here.
Unlike its American neighbour of course
That wouldn't be the same america that collaborated with the mafia to assignate Castro and destablise Cuba obviously.
I always smile at threads like this . Reasons for and against are put forward on the grounds of cost, envoiromental , health , or visual impact but when it's suggested to actually use less energy in the first place (and tick all the boxes) the idea is dismissed out of hand.
