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Environment & Energy

joshcryer

(62,536 posts)

3. This is shale oil. The US has the largest reserves in the world.

Reply to theoldman (Reply #1)

Mon Nov 12, 2012, 09:51 PM

Nov 2012

About 1.5 trillion barrels of recoverable reserves by the profiteers estimates.

Whether those estimates are correct isn't relevant, I'm just clarifying that's where they get the number from.

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U.S. to Overtake Saudi Arabia as Top Oil Producer, Agency Forecasts [View all] groovedaddy Nov 2012 OP

We only have about 3% of the worlds oil reserve. theoldman Nov 2012 #1

How do they have 250% Isn't 100% max? n/t groovedaddy Nov 2012 #2

This is shale oil. The US has the largest reserves in the world. joshcryer Nov 2012 #3

I've been predicting this for awhile now. joshcryer Nov 2012 #4

No need for the frowny face. It's not a bad thing. FBaggins Nov 2012 #5

It's bad for a few reasons. BLM is only getting pennies on the dollar. joshcryer Nov 2012 #6

Best single stat I can recall about kerogen operations: hatrack Nov 2012 #9

No it is NOT good News, depends on a lot of "bad things" happyslug Nov 2012 #8

I responded to this in another thread happyslug Nov 2012 #7