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In reply to the discussion: US may soon become world's top oil producer [View all]krispos42
(49,445 posts)15. US proven oil reserves 20,680 million barrels
US production of crude oil:
10.9 million barrels per day.
Total days of pumping before we're dry: 1,897.
That's 5.2 years. The beginning of 2018.
"drill here, drill now" my ass.
If we were to be entirely self-sufficient in regards to oil, we'd have to double our crude oil production... and then we'd run out shortly after the next Congressional election.
https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
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It's all bullshit. Oil as well as all commodities go on global market and goes to highest bidder.
DippyDem
Oct 2012
#4
I think the point is that this could make some already stinking rich people in the US much richer...
Locut0s
Oct 2012
#5
Because it makes a small subset of powerful people a FUCKING SHITLOAD of money to do so. nt
Locut0s
Oct 2012
#9
You mean this was done during the Obama years? Heavens to Murgatroid, the GOPers
valerief
Oct 2012
#21
Everyone should faint over this...or rather, they should blockade the oil executives' doors.
antigone382
Oct 2012
#23
We have NOT done that since 1969, and for at least 20 years afterward, the US was the #1 producer
happyslug
Oct 2012
#34
We need to increase the motor fuel tax, so that income taxes don't subsidize the highways
Kolesar
Oct 2012
#37
Scientists discovered that cracking the earth into tiny bits produces vast amounts of oil...
Evasporque
Oct 2012
#39