Pudfark wrote:Laughing....at yer geological facts, Slick....all I've seen from you is your opinion...... Oil is not being produced in this country, it is being intentionally left in the ground....like money in the bank....and while it's in the ground...it can be used as collateral for other ventures.....Wake up Slick...and Dizzy, go back to sleep....
Old Pudfark sez: " Slick, you need to head to the Gulf....with yer dixie straw.... "
given your dearth of dealing with facts (or even sense in some cases), it's (almost) amazing you had a LE career
all the wiki entries have source material quoted at bottom of page
http://en.wikipedia.org/wiki/Oil_reserv ... ted_States
Proven oil reserves in the United States are 21 billion barrels (3.3×10^9 m3), excluding the Strategic Petroleum Reserve. The U.S. Department of the Interior estimates the total volume of undiscovered, technically recoverable prospective resources in all areas of the United States, including the Federal Outer Continental Shelf, the 1002 area of the Arctic National Wildlife Refuge, the National Petroleum Reserve–Alaska, and the Bakken Formation, total 134 billion barrels (21.3×10^9 m3) of crude oil. This excludes oil shale reserves, as there is no significant commercial production of oil from oil shale in the United States.
http://en.wikipedia.org/wiki/Strategic_ ... um_Reserve
The current inventory is displayed on the SPR's website. As of August 31, 2009, the current inventory was 724 million barrels (115,100,000 m3). This equates to 34 days of oil at current daily US consumption levels of 21 million barrels a day. At current market prices ($65 a barrel as of Oct '08) the SPR holds over $34.3 billion in sweet crude and approximately $51.2 billion in sour crude (assuming a $15/barrel discount for sulphur content). The total value of the crude in the SPR is approximately $85.5 billion USD. The price paid for the oil is $20.1 billion (an average of $28.42 per barrel).[1]
The United States started the petroleum reserve in 1975 after oil supplies were cut off during the 1973-74 oil embargo, to mitigate future temporary supply disruptions. According to the World Factbook[3], the United States imports a net 12 million barrels (1,900,000 m3) of oil a day (MMbd), so the SPR holds about a 58-day supply. However, the maximum total withdrawal capability from the SPR is only 4.4 million barrels (700,000 m3) per day, making it a 160 + day supply.
http://en.wikipedia.org/wiki/Oil_reserves_in_Canada
Oil reserves in Canada were estimated at 179 billion barrels (28×10^9 m3) in 2007. This figure includes oil sands reserves which are estimated by government regulators to be economically producible at current prices using current technology.[1] According to this figure, Canada's reserves are second only to Saudi Arabia.
Canada has a highly sophisticated energy industry and is both an importer and exporter of oil and refined products. In 2006, in addition to producing 1.2 billion barrels (190×10^6 m3), Canada imported 440 million barrels (70×10^6 m3), consumed 800 million barrels (130×10^6 m3) itself, and exported 840 million barrels (134×10^6 m3) to the U.S.[2] The excess of exports over imports was 400 million barrels (64×10^6 m3). Over 99% of Canadian oil exports are sent to the United States, and Canada is the United States' largest supplier of oil.[5]
Summary of Reserve Data as of 2008
reserves (in billions bbl) production (in millions bbl) reserve life (years)
Saudi 267 / 10.2 / 72
Canada 179 / 3.3 / 149
USA 21 / 7.5 / 8
more info here
http://www.nationmaster.com/graph/ene_o ... l-reserves
