Wake up you keep putting up old news....

"Your source January 2011 est."

Get the facts straight....times are changing while you hide in your dirty little neighborhood...

 

Do you have a source more recent than that? If so, post it. Facts are important. I consider The CIA World Factbook to be about as reliable as any source available.

 

Various other estimates place the total reserves, recoverable and non-recoverable with today's technology, at up to 24 billion barrels. The most recent estimate places the figure at 18 billion barrels

*not_secure_link*en.wikipedia.org/wiki/Bakken_formation


The United States holds only 2% of the planet’s proven oil reserves,” President Barack Obama

to a point. In classic fashion, he’s using a technicality to skirt the facts and keep the myth of energy scarcity alive. The reality is that the U.S. has enough recoverable oil for the next 200 years, despite only having 2 percent of the world’s current proven oil reserves.


*not_secure_link*www.instituteforenergyresearch.org/2012/03/13/exposing-the-2-percent-oil-reserves-myth/

 

This was your initial statement:

"The Bakken formation /ˈbɑːkən/ is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, and Saskatchewan."

The Bakken formation extends beyond North Dakota, but let's overlook that. Your link also says this: "The state of North Dakota also released a report that month which estimated that there are 2.1 billion barrels (330,000,000 m3) of technically recoverable oil in the Bakken.[6] Various other estimates place the total reserves, recoverable and non-recoverable with today's technology, at up to 24 billion barrels. The most recent estimate places the figure at 18 billion barrels.[7]"

There is a difference between what is proven and what is estimated.

It seems like the most reliable estimate here is 2.1 billion barrels, estimated by the state of North Dakota.

 

The oil companies in North Dakota are just drilling mapping wells. They still have no clue where they're going to put the rest of the thousands of wells they're gonna dig. Where there is only 2 wells right now may have 16 next year. They were doing a lot of drilling out there in the mid 80's but the tech. was not there to get into the oil. Even after this boom dies give it 20 years and they'll be back to drill with new tech.

 

Kay. Now I can see your bell curve thingy in your back pack.

 

Awright. Lets get a couple of facts straight.
First "taxpayers" do not pay for unemployment benefits. Not one dime, not one penny. Employers, you know, like Bain Capital, pay for them.

And second, those huge consulting fees they get are even bigger if the company they acquired is successful. You know, like, Clear Channel, Domino’s Pizza, Burger King, Sealy Corporation, Dunkin’ Donuts, Gymboree, Toys R Us, RJR Nabisco, Michael’s Craft Store, Burlington Coat Factory and Staples.

And third, they might be able to take the pension fund, but if they do that they take the liability as well. Employees do not loose their pension if Bain Capital (or any other equity firm) steps in. They do loose their pension if the company files bankruptcy and they didn't properly manage the pension.

And fourth, few companies offer pensions any more. They offer a 401(k) plan that the employee controls, not the company, in most cases. The only employers really offering pensions anymore are government employers and unions.

And it wasn't Haagen-Daz it was Ben and Jerry's.

 

.

 

actually, what you said was:

so what do you mean, if you don't mean we should depend on "only our oil"?

 

yeah, the old Stanley Steamers were neat cars, and pretty fast too, once they got going. they also ran on an oil-derived fuel too. coal's nice if you want to do something like run a boiler to drive a steam turbine, but for moving stuff, getting the fuel in (and the ashes out) is a real bear. the old steam engines would only run a few hundred miles, partly because of fuel limitations, but also because of the need to get ashes, klinkers and other waste out of the firebox. emptying the grates was an end-of-run ritual the train men gladly left to the hostlers and handlers in the yards they ended up in.

 

One would think that, but the thing is what drives the price of gasoline is the price of oil and the amount of taxes added. If the price of imported oil goes down enough, domestic oil companies will just drill less here and import more. The reason we're drilling as much as we are right now is because the price of oil has been over $80 a barrel for a year and has been as high as $110. At those prices, there's a fair amount of oil in the US that can still be extracted at a profit. Our gasoline prices are the cheapest in the world, other than the Middle East and Venezuela, because we do supply about half our own oil, but more importantly, we don't slap on as many taxes as other countries. Speculation can drive the price of oil, and therefore gasoline, up some but not more than about 50 cents per gallon.

As for manufacturing more of our own stuff here, that sounds great too, except people like their billboard sized flat screen TV's for $500 and their laptops for $300. Every kid has a cell phone AND an iPod AND a video game console. Why spend $18 on a t-shirt made in Los Angeles at American Apparel when you can get a 4 pack of Hanes imported t-shirts for $16. Americans are addicted to CHEAP SHIT! Hell, even jingoistic Donald Trump confessed he bought sheetrock from China because it was cheaper. Like he was going broke or something. Tariffs don't work either because other countries will start slapping tariffs on our Made in USA exports and we definitely don't need that.

 

there are many comapnies finding out that they can still profit while making goods in america instead of buying foriegn made crap
and for the record recycled oils are selling for new use and are being proven on several racing circuts including nascar and indy car

hell china is importing american made chopsticks

maybe for once corperations should forget about massive profits and think more of the welfare of thier customers and employees

 

More Kool-Aid?

Obama isn't trying to turn the economy around. He is trying to push it off of cliff. He is doing a very good job. Why does he want to do that? It's very simple. He is a socialist. He wants people to be dependent on the government. He has been spending a lot of taxpayer money on social programs like public assistance, food stamps, rent subsidies and health care. He has also been working to bring more people into the U.S. from the third world. This will ensure the Democratic Party a built in majority of lazy and stupid people who will keep him and his party in power for the foreseeable future. That's one of the reasons why Romney is behind in the polls. Maybe you would see that if you weren't a Kool-Aid drinking believer. :-?

 

Obama is gaining in battleground states, according to the most recent NBC/WSJ/Marist poll.

Yes, this poll is heavily skewed toward the left, perhaps as much as 30%.

Nevertheless, Romney is going to need a clear, unambiguous lead going into November. He does not have it. He is not strong enough. He is losing.

 

You are spot on!

You are right about the polls being skewed. Many of the polls over sample Democrats. They also tend to survey registered voters rather than likely voters. These two factors cause the data to be inaccurate and unreliable. :-?

Romney still needs to improve his situation. He needs to break ahead of Obama. I believe he can do that by drawing a clear distinction between himself and Obama. There needs to be a contrast. Romney will have to stop being such a nice guy and take the gloves off. Whether or not he will do that remains to be seen.

 

Wishful thinking and brainwashed propaganda is always good if that's all you've got I guess.

Barack Obama Leads In Swing State Polls Of Virginia, Ohio And Florida


*not_secure_link*www.huffingtonpost.com/2012/09/13/swing-state-poll_n_1882423.html

 

Stumbler, you obviously just label the members' avatars as blue or red and support or blast their posts without reading them.

TheGentleman and I were writing about Obama's clear lead in swing states, and the likelihood that he would win if the election were held today. You have pasted a link that talks about the same poll.

 

the funny thing is, he's been trying to "take the gloves off" recently (most publicly in his pronouncements on the deaths at the embassy in Libya), and all he's done is make himself look like an opportunistic SOB. from everything I've seen/heard/read, all it's done is dig the hole he's in even deeper.
hey, that works for me!:excited:

 

clarise, why is it that every poll that doesn't agree with you is either "skewed" or in some other way flawed? is it not possible that you're just plain old every day wrong in what you think average Americans want or think or believe?

 

If the President is reelected it will be because by a slight margin the voters know that tax cuts for the rich will not pay down the national debt, and that cuts in government spending will nor reduce unemployment.