We are running out of oil that is cheap to pump out of the ground. There are enormous reserves, particularly in oil shale that are not economically competitive with oil that can be pumped out of the ground.
As the price of oil goes up these sources will become more competitive economically.
What we really need to do is blockade Iranian oil shipments to shut off the supply of money to Iran. Iran uses the money that it makes from oil sales to purchase nuclear weapons technology and fund terrorist activity.
There is good precedent to blockade Iranina ports. President John Kennedy blockaded Cuba in the 1960's to prevent Cuba from receiving and installing nuclear missiles from Russia.
Iran has made numerous threats against us and has funded a number of terrorist attacks agains us.
Blockading Iranian ports is a legitimate nonviolent response to Iranian terrorism.
2007-06-23 15:31:24
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answer #1
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answered by Anonymous
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They stopped building refineries. They are doing the bidding of the shareholders which is profit, profit,profit. So the supply of refined gas is not there for the demand. And the demand is not decreasing that much (because the oil companies and the auto manufacturers sleep in the same bed.) You would think that a 4 cylinder would get way better gas mileage than an 8 cylinder and yet they don't necessarily do. 35 mpg on a new 4 vs 28 mpg on my mom's old (1969)Chev Impala 327 V8 carburated automatic.
There is something wrong with that picture.
But ,if there is an increase at the pump prices the income does not change for big oil....(and they do not have to work for it).
They also want a 100% guarantee that they will not drill a dry well - it has to be a big producer to be worth the effort.
Auto manufacturers work under big oil. So they are not going to "look" for an alternative. They manufacture, not invent.
It is up to individuals to be the inventers.
2007-06-24 06:05:16
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answer #2
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answered by ButwhatdoIno? 6
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No, The Canadian province of Alberta has more than enough oil in just the Ft. McMurray site of Syncrude to Supply North America for over 150 years. Thats only one site, Alberta itself has more oil there than almost anywhere in the world, with the exception of Saudi Arabia (Kuwait and such places). Therefore, we shouldn't worry about the lack-there-of of oil.
They (government and environmentalist) are trying to scare us all into beleiving that we are ruining the environment burning fossil fuels. Where I, and many many others beilieve that it is all part of the natural life-cycle of the earth. There is a reason why they have found water marks on the tops of the worlds largest mountains (the great flood of biblical proportions....has happened). The ice age, more than likely happened somewhat shortly thereafter.
All we are doing is speeding up the process by using oil. Granted it probably isn't the best thing to burn either, but still. If they can manage to scare enough people, they will only delay a natural cycle that is garunteed to happen again anyways.
Check out Syncrude , Ft. McMurray oil sands , UE1
You'll see just how much oil there really is.......More than we could ever use in ours, our childrens, and our childrens childrens lifetimes.
2007-06-24 05:10:31
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answer #3
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answered by jasondj1980 1
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Yes, the world has been running out of oil, since the first oil well produced oil. However, there are alternatives like shale oil, imagine dumping a barrel of oil on the beach (don;t do it, you'll get arrested) Canada and Colorado have huge piles of this mess. The problem is what to do with the left overs. Canada is moving rapidly and expanding production.
But, by far, most of the original oil wells have gone dry.
And, of the three largest oil fields in the world, two of them are quickly drying up and dropping in oil production; one is in Mexico and the other in Saudi Arabia.
In fact, if you divide the amount of oil produced by the world population, called Per Capita Oil Production, its highest peak value was reached in 2006.
From here on out, the price of oil will be guided by greed (lots of it) and good will (rare) by oil produced by countries that do not like some of our policies.
In short, expect oil prices to go up and up and up.
Good News: High oil prices should reduce consumption which reduces Global Warming. This is good but not enough.
2007-06-24 08:31:27
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answer #4
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answered by baypointmike 3
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of course we are. think of it this way. oil while there may be an abundance of it in the middle east comes from a volatile region of the world where we are not always as americans guarenteed supply. other than that factor. and the fact that OPEC the oil exporting nations control the prices and amounts of oil being put out there means we are really in a bad position. but as anyone can notice every year there are more and more cars on the road, not just in america but throughout the world. china who 10 years ago largely did not use the automobile is now starting to rely and purchase automobiles. imagine 1 billion more cars on the road, not only will that be devastating to the environment but it will deplete any reserves left in the world 4-5 times faster than we currently are. imagine oil as a commodity that remains at a constant while demand for the supply of that constant good continues to sky rocket. we are setting ourselves up for disaster by relying heavily on oil. we should be fastly switching to alternatives because the days of cheap, abundant gasoline are completely over, i can only see it going up from here on out. i do expect sometime over the next ten years the horrible oil embargo like situations of the 1970's coming back to haunt us.
2007-06-24 09:55:49
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answer #5
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answered by thesmartalex 2
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Since oil is a finite resource, they have recently discovered that Iraq has a whole lot more high grade oil than previously thought, Russia has surpassed the Saudi's as the number 1 oil exporter, the bottom line is the way we are using it it does more harm than good to those using it and unfortunate ones that share the planet.
What really needs to be done its to find a better way to do what humans do that eliminates the negative side and this starts with each individual making a decision to make a difference and caring for the only planet we can call home....challenges are a good thing...we don't need no stinkin' government to tell us what we know needs to be done because we control the reason why they keep making and pumping this stuff, old supply and demand.
2007-06-23 16:09:54
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answer #6
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answered by groingo 4
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Absolutely not. Saudi is going strong, so is Venezuela. And I have it on informed information from an engineer in some local oil fields that they currently have a 300 year known proven supply of Crude already found in the upper Midwest and more in Canada.
It is being capped off in a long range plan to get back at Saudi and make even more money for the Big Oil companies in the process.
Nothing to make life easier for us in the US, but it does make good sense to the Big Oil folks...hold onto what you know you have until the price goes way up because the present producers run out, and then you can sell to all at a really high price because you will be the only show, on an earth that still needs the oil. No taxes on unpumped oil!!
So, do not listen to those who cry shortages of fuel and lubricants. We could have a lot cheaper gas now, but it makes more money to hold until after the others go dry and then squeeze the dollars out of everybody, regardless of race, creed, colour, nationality, age, gender, and religion.
Remember, these are now big multinational world-wide corporate giants making multiplied billions of profits already. They have no allegiance to any nation, only to making more and more money.
2007-06-23 14:27:15
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answer #7
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answered by looey323 4
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Not in our lifetine I guess, but just think, when all the oil is gone, along with everything else we are taking out of the Earth, there'll be this massive huge hole, and all the surface will eventually cave-in and there won't be anywhere for anyone to live, so I guess the answer is to leave something inside the Earth so we can still live on the top of it.....;-)
2007-06-24 19:44:45
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answer #8
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answered by maggie rose 4
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According to the USA research or something, oil is running out, but we can still use oil for cars in our life time but not that of our next generation.
2007-06-24 16:13:41
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answer #9
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answered by As Is 3
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There is definitely not an unlimited supply of oil. At current levels of consumption, there is maybe 50-75 years of supply that's relatively easy to get to. There's another 100-300 years of "difficult to reach" supply (like oil wells deep in the ocean).
2007-06-24 07:58:59
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answer #10
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answered by jdkilp 7
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