Why don't we use our own oil?

Question

Why doesn't the US and Canada governments us the oil deposits in the US and Canada rather than the Arab nations? It is my understanding that these nations only have about 100 to 200 years of oil deposits until their wells run dry. From my understanding Canada and the US (Alaska) have by far larger oil deposits. The only reason I can see for not drilling up there is to preserve the land and wildlife.

Answer 1

It is cheaper to drill for oil in Arab countries than get it from Canadian oil sands. But it is profitable to get Canadian oil now, Alberta is booming. But your understanding of how much oil there is is wrong. Canadian oil sands are second to Saudi Arabia, ANWAR is said to have at most 16 billion barrels. At most, it would last 32 years.

Answer 2

Maybe we are saving the best for last? I think the US will do more exploration. However, in Alaska it is extremely difficult right now, from what I've heard. They would have a very hard time drilling right now with the volcanic and earthquake activity going on there. Of course we do have other areas in which to drill.

One example is a neighborhood where my mom and dad used to live. The exploration company found a huge gas well and they were confident if there was gas, there was also oil. They wanted to drill for oil, but the majority of the residents said absolutely not. The reason they gave is that it would be too noisey and run down a neighborhood. I'm still receiving very tiny checks from the exploration company (my mother kept the mineral rights after she sold the house when my dad passed away). I only wish I had that house back because I would have let them drill in my front yard if they wanted to as my parents had the huge corner lot facing the main road before entering the subdivision. Then I wouldn't even have to think about finding a job. But this is an issue with some people. Who care if there's an oil well in the front or back yard. Once the drilling is over, the pump is put in and a person can put a little fence around it with flowers. That was a really silly reason for people to pass up the oil and the $$. Now, the gas pressure is almost gone, and even if they did drill, it's doubtful there would even be enough pressure left to even bring it to the top; and 2. the neighborhood is still against the idea, yet they all complain about foreign oil. Go figure that attitude.

Answer 3

We actually get a lot of oil from American deposits. But if you pay attention to the news at all, you would know that quite a few oil drilling stations were destroyed in hurricanes in the gulf of mexico, which is why we have to buy more from the arabs. The liberals seriously need to get over themselves though and just let us drill in alaska because the deer aren't gonna care that much.

Answer 4

oil comes from all the places yea some thave a conflict like war wildlife very cold labor cost. so oil is bidded up untill the price is hight enought some one else will jump on the to sell there oil at the rate the price of most made in usa oil is high so for example oil in south america is the cheepes no war no wildlife laws nice place to live labor is cheep. making it cost less there than watter. we can got oil out of coal an wood chips and corn for the right price and that oil not enthinal

Answer 5

"total continent"? you're questioning too small. there is an finished sunlight up there, purely waiting to potential our stuff. and that i disagree that "we cant purely watch for yet another potential source," as you assert. I grew up attending to understand about image voltaic potential (and ethanol) in hardship-free college. Now i'm thirty. it really is not new technologies. I took a visit as a lot as Canada in 1997 and there grow to be Ethanol accessible at each gas station we went to. we do not decide on a clean potential source. we decide on to be better responsible and valuable with the potential aspects that we've. good day, i'm in touch by killing fish and destroying coral reefs if actual mandatory, have self assurance me. If that is a call between them and me, no doubt, enable's drill. yet no, i'm not tender destroying those issues at the same time as there exist completely proper possibilities to unnecessarily tampering with the ambience(s). Your boy McCain needs to construct better nuclear potential plants to sparkling up the issue. NUCLEAR FR*CKIN potential plants. So, who's "retarted"?

Answer 6

First and foremost - our governments do NOT control the oil companies. Companies are driven by greed and profit. If it is more profitable for me to pay another country for oil than it is to pump my own, that is what I am going to do.

If it costs me $60 a barrel to buy from Saudi Arabia, and $75 a barrel to pump my own, then I'll save the $15 bucks.

Only when it costs me more to buy from the Saudis, and less to pump my own, will I even consider doing that.

It's a good system that keeps costs down for the consumer.

Answer 7

then thats probly it, but maybe it's because the arabs are selling oil and getting rich but when the oil runs out they'll be up the creek will america can use there oil supply and become independant while every one else is helpless

Answer 8

Pretty good question!

Where do you think the Arabic Nations are going to get their oil when they run out???

Gotta think ahead...doncha think?

Best wishes!

Answer 9

Look at Anwar. Look at the policies from the left that PREVENT drilling. we don't drill because many on the left will not allow it.

Answer 10

And be the last to have the oil!