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   Recent news reports claim the U.S. will surpass Saudi Arabia in oil production within a few years. Lets take a closer look at the government report that made the claim and see what it really says

21 Nov 2012 09:43 AM   |   10088 clicks   |   Popular Mechanics
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Rapmaster2000    [TotalFark]  
Obama took over the IEA. Is there no end to his evil schemes?

21 Nov 2012 09:49 AM
dgames     
It's early. What did I just read?

21 Nov 2012 09:49 AM
LesserEvil    [TotalFark]  
tl;dnr.

Seriously.... that article was a wall of text.

Somebody needs to tell the author to GET TO THE POINT.

21 Nov 2012 09:50 AM
ChipNASA    [TotalFark]  

LesserEvil: tl;dnr.

Seriously.... that article was a wall of text.

Somebody needs to tell the author to GET TO THE POINT.


Conclusion... "Definite Possibility Of A Firm Maybe.

21 Nov 2012 09:51 AM
Divorach     
FTA: "There is one more factor to consider. None of this is good news for controlling atmospheric greenhouse gas concentrations."

21 Nov 2012 09:53 AM
Yakk     
Yeah, not reading that but I feel like a new conspiracy by the right was just born.

21 Nov 2012 09:53 AM
Headso     
I think the part of the article the headline was referring to is at th bottom where it says something like the Saudis will also be employing new technology in extraction and could just as easily increase their production.

21 Nov 2012 09:54 AM
wippit     
Lots of places have more oil than Saudi Arabia. It's just been easier so far to get it from there. Not hard to drill in a desert.

21 Nov 2012 09:55 AM
janzee     
Sooooo, what if they just increase their output? I mean haven't they cut back since '08? Who we trying to kid?

21 Nov 2012 09:58 AM
ChipNASA    [TotalFark]  
WHEN DO WE START BOMBING TEXAS, OKLAHOMA, NORTH DAKOTA, PENNSYLVANIA, WYOMING, ALASKA, CALIFORNIA, NEW MEXICO?

21 Nov 2012 09:58 AM
Fissile     
It's true, there is LOTS of oil and gas yet to be exploited in North America, but don't be so quick to hop into Grandma's 1976 Lincoln with the 460 cube engine.

Fact is that the "easy" oil is all gone.....not very many "gushers" left out there to find. The oil/gas we've got now is locked up in tar sands/rock. It takes a lot more processing to extract the stuff which means it's going to be more expensive. Bottom line: You can have all the gasoline you want.......@ $5/gal.

21 Nov 2012 10:01 AM
hdhale     
For the U.S. to become energy self-sufficient, it needs to do three things:

1. Find more domestic sources of energy production, be they oil, coal, solar, wind, nuclear, whatever.

2. Continue to look for improving efficiencies in our energy consumption.

3. Understand that doing #1 and #2 means money for research and development, whether it is from the private sector or the government, and we can't slack off in either department. Yes, that might mean more oil rigs off shore. Yes, that means you get used to not having incandescent bulbs.

It's easy to say, harder to do, but we must do it or suffer the consequences.

21 Nov 2012 10:01 AM
JackieRabbit     
Fracking our way to energy "independence" and environmental catastrophe! As usual, the media ignored the science and used the executive summary to paint a rosy picture. But the science says maybe, but don't bet your lunch money yet.

21 Nov 2012 10:04 AM
Luminaro     
We should find a better cleaner and longer lasting solution to oil for domestic usage and bottle and sell the stuff for foreign exports specifically.

21 Nov 2012 10:11 AM
tothekor     

ChipNASA: WHEN DO WE START BOMBING TEXAS, OKLAHOMA, NORTH DAKOTA, PENNSYLVANIA, WYOMING, ALASKA, CALIFORNIA, NEW MEXICO?


Those states are already bombed.

21 Nov 2012 10:22 AM
Cataholic     

dgames: It's early. What did I just read?


"blah blah blah blah..carbon tax."

21 Nov 2012 10:25 AM
plcow     
Just wait until they figure out how to unlock hydrates. That will make the shale revolution look like peanuts. Russia, Canada, the US, and the Nords will become the dominate powers then.

21 Nov 2012 10:26 AM
Ebbelwoi     

Fissile: .....not very many "gushers" left out there to find.


Speak for yourself, Melvin.

21 Nov 2012 10:39 AM
Onkel Buck     
There was a guy on Coast to Coast with George Noory a few years ago that said the same thing.

21 Nov 2012 10:48 AM
Singleballtheory     

ChipNASA: WHEN DO WE START BOMBING TEXAS, OKLAHOMA, NORTH DAKOTA, PENNSYLVANIA, WYOMING, ALASKA, CALIFORNIA, NEW MEXICO?


I assume this is for the purposes of thinning the population, thus drastically reducing our consumption needs? Solid idea I say!

21 Nov 2012 10:52 AM
Tatterdemalian     
The report backs up what neocons have been saying about "peak oil" for years... that it won't happen, unless we abandon capitalism for socialism and let the supreme authorities create an artificial, "political peak oil" out of media hype to keep the population in a compliant state of panic.

/of course, that just means history needs to be rewritten to say it was the neocons pushing "peak oil" and the environmentalists who knew all along it was a lie
//had several co-workers tell me last week that Ronald Reagan was a Democrat, complete with videotaped "proof" in the form of all his speeches where he called himself a leader of the "blue states"
///funny how even just reversing two colors can lead to historical revision... the media are already our unelected overlords, nothing left to do but welcome them

21 Nov 2012 10:54 AM
fringedmyotis     

Tatterdemalian: The report backs up what neocons have been saying about "peak oil" for years... that it won't happen, unless we abandon capitalism for socialism and let the supreme authorities create an artificial, "political peak oil" out of media hype to keep the population in a compliant state of panic.

/of course, that just means history needs to be rewritten to say it was the neocons pushing "peak oil" and the environmentalists who knew all along it was a lie
//had several co-workers tell me last week that Ronald Reagan was a Democrat, complete with videotaped "proof" in the form of all his speeches where he called himself a leader of the "blue states"
///funny how even just reversing two colors can lead to historical revision... the media are already our unelected overlords, nothing left to do but welcome them


Behold, Farkers: The rare post that manages to include strawmen, BSABSVR, and logical fallacy all in one. Well done.

21 Nov 2012 11:09 AM
Tatterdemalian     

fringedmyotis: Behold, Farkers: The rare post that manages to include strawmen, BSABSVR, and logical fallacy all in one. Well done.


Mock all you want, the economy will continue to be mysteriously sabotaged by conservatives until someone grows up and realizes the conservatives have nothing to do with the failure of liberal policies at all.

/in fact, they're the only ones that are protecting liberals from their own destruction
//that's why for every conservative you destroy, a hundred more obstacles keep mysteriously arising out of nothingness to ruin your plans
///and also why conservatives can't accept the left's surrender even when they offer it... they didn't cause the economic sabotage in the first place, so they can't make it stop

21 Nov 2012 11:34 AM
Rik01    [TotalFark]  
The unadulterated fact is that the supply of oil is finite. Laid down millions of years ago, it's not been replenishing itself.

We may have X billions of gallons in the ground yet, but once it's gone, that's it.

50 years ago, no one considered the impact that developing nations would have on the consumption as they worked to increase their standard of living. Just as no one expected water shortages in assorted states until their populations exploded.

Florida is an excellent example. Between 1960 and now, including a big drive to attract a bigger residential population, the population has more than tripled, creating a never expected water shortage in many areas and problems like an increase of sink holes, the destruction of wild lands which helped replenish the water and the discovery that the state actually depends on much of it's water coming through cave systems from other states.

Around the 70's, there was a huge push by the automotive industry to sell cars to nearly every member of a family. Where, in the 50's, an average family might have one car, by the 70's, that increased to around three and, shortly after, along came gas powered toys, like ATVs, dirt bikes, boats the size of portable ocean liners and personal water craft.

At the same time, more and more homes included electric air conditioners, more lights, more fans, much more electronics and a host of gas powered yard tools. In colder areas, winter heat systems were developed to push hot water through tubes sealed into the floor, heating units for swimming pools became more popular and personal and public night time lighting just exploded.

So, as the decades have passed, the consumption of fossil fuel based power has gone up far faster than expected.

Even with more efficient engines and electronics, the demand remains high and will continue to do so.

Unfortunately, if the public gets lulled into complacency by reports of new oil fields and the promise of somewhat cheaper gas prices, they'll do as they always have done: start using more.

Plus a positive spin on oil availability will undoubtedly slow the development of efficient and reliable alternative energy sources.

So, basically, don't get too comfortable with reports of vast new oil resources, because (1) they have limited capacity also, (2) third world nations are rapidly becoming consumers of larger volumes of fuel as they upgrade, (3) much of the global economy is now based on the cost of crude by the barrel and (4) the global population is exploding.

We may develop a car that gets 100 mpg, but then gas will be $10.00 per gallon. Look how fast cheap diesel fuel rose in price and how equally as fast, the cost of biofuels made from used grease and oil.

Decades ago, the push for development in Florida was a good thing. Now, it's an expensive, resource draining, ecological nightmare. Ample, cheap land is gone and resources are consumed faster than ever thought.

21 Nov 2012 11:42 AM
dennysgod     

Rik01: The unadulterated fact is that the supply of oil is finite. Laid down millions of years ago, it's not been replenishing itself.

We may have X billions of gallons in the ground yet, but once it's gone, that's it.


Um, no. God will just put more oil in the ground.


/a sad number of people believe my snark to be truth

21 Nov 2012 11:51 AM
SirEattonHogg     
I know I'd be willing to put up with $5 a gallon if we got to depend less on the Saudis. Cutting off all economic ties and not caring what happens to the region would be nice. (except for Israel and maybe Iraq).

21 Nov 2012 12:45 PM
cwolf20     
Or we could go with the thought that the U.S. could do that. With all the confirmed oil locations waiting to be tapped. But since we're not, we can't surpass them.

21 Nov 2012 12:46 PM
edmo    [TotalFark]  
Let me guess: it's an oil industry PR story telling me we need to drill in the Arctic anyway.

/DNRTFA

21 Nov 2012 01:15 PM
Beerbarian     

hdhale: For the U.S. to become energy self-sufficient, it needs to do three things:

1. Find more domestic sources of energy production, be they oil, coal, solar, wind, nuclear, whatever.

2. Continue to look for improving efficiencies in our energy consumption.

3. Understand that doing #1 and #2 means money for research and development, whether it is from the private sector or the government, and we can't slack off in either department. Yes, that might mean more oil rigs off shore. Yes, that means you get used to not having incandescent bulbs.

It's easy to say, harder to do, but we must do it or suffer the consequences.


Another key part of #2 is a nation-wide power grid. While the east coast is waking up, power from west coast plants could help handle the peak, and the reverse being true when the west starts cooking their dinner. I've seen estimates where the total power being generated could go down by around 10% by just taking advantage of our time zone geography. Unfortunately, there is no "free market" motivation to do it...so you have to fight the whole "but government owned power grid=socialism" crap.

21 Nov 2012 01:27 PM
Xai     
where is the XKCD extrapolating graph when you need it...

21 Nov 2012 02:14 PM
Clemkadidlefark     
Forget all the jibber jabber.

You oughta see it out here. Wall to wall exploration. Fark all the who said what said. It's going on right here, right now.

21 Nov 2012 02:16 PM
Austinoftx     
I take it this is the Saudi Arabia that hardly produces any oil nowdays, and built their crazy desert cities to conduct financial services? Not surprised.

21 Nov 2012 03:22 PM
RottenEggs     
Who cares ? We have boycotted those killers of gays anyways . Or are we not boycotting them ? I forgot which I am supposed to do ...

21 Nov 2012 06:06 PM
kg2095     

Divorach: FTA: "There is one more factor to consider. None of this is good news for controlling atmospheric greenhouse gas concentrations."


It's a lost cause anyway. We're addicted to fossil fuels and economic growth so there is no real will amongst the people to do what is required to change. And if there's no will amongst the people there will be no political will either.

21 Nov 2012 06:59 PM
kg2095     

Luminaro: We should find a better cleaner and longer lasting solution to oil for domestic usage and bottle and sell the stuff for foreign exports specifically.


The atmosphere is global. Pollutants spewed out in India will in time spread around the world.

21 Nov 2012 07:02 PM
kg2095     

plcow: Just wait until they figure out how to unlock hydrates. That will make the shale revolution look like peanuts. Russia, Canada, the US, and the Nords will become the dominate powers then.


The US already is the dominant power. That will change as both China and India surpass the US in terms of the size of the economy - in as little as 4 years. Due to their outrageously high populations this is inevitable as their economies become industrialized.

21 Nov 2012 07:06 PM
Moonlightfox     
But we won't be passing just Saudi Arabia there's also Ira-

Oh wait. Gee that embargo sure has some convenient timing.

22 Nov 2012 12:18 AM
Pwnchubr     
It's a good thing it well mostly be sold on the open market to raise gubbment dollars, rather than lower fuel prices.

22 Nov 2012 08:03 AM
ArmanTanzarian     
Known reserves are important, but hardly the defining characteristic.

Extraction rate is much more important.

Think... compare poking a straw into the ground vs strip mining.

How much is there? Lots...
How quickly can you exploit it? No comparison.

22 Nov 2012 10:53 AM
kg2095     

Pwnchubr: It's a good thing it well mostly be sold on the open market to raise gubbment dollars, rather than lower fuel prices.


Huh? How does it raise government dollars? Is it not being mined, refined and sold by the private sector?

22 Nov 2012 09:22 PM
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