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03-14-2011, 07:24 PM
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#477
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Member
Join Date: Oct 2009
Posts: 86
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Quote:
Originally Posted by 11595gulf
The fact remains that the US uses 25% of the world's oil, while it holds only 2% of existing oil supply. So how exactly are we going to drill our way out of this? Do the math.
Guido
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According to statistics from the U.S. Energy Information Administration, the United States produces about 10% of the world’s oil—about 8 million barrels per day.
Unfortunately, it consumes 14% more—24% in all. That amount comes to about 21 million barrels each day. [Baltimore Sun: “ Oil Facts
__________________
2000 HR Imperial 40' DP w/350 Cummins
AFE air cleaner & AeroTurbine muffler
Koni FSD's all around
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03-14-2011, 07:45 PM
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#478
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Senior Member
Winnebago Owners Club
Join Date: Oct 2009
Posts: 1,170
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Warren Buffet
Warren Buffet says that we have more oil in the ground in the USA than all the mid-east countries put together. And now with improved drilling methods for shale oil we could free ourselves from the oil cartels. Apparently the oil companies have different ideas. Lots of oil would affect the price and profit so...
__________________
2008 Itasca Latitude 39W. Cummins ISB 6.7 Turbo 340HP. Allison 6 Speed. Freightliner XCS. Michelin XRV 255/80R 22.5 LRG. SuperSteer MCU. Safe-T-Plus.
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03-14-2011, 08:17 PM
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#479
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Senior Member
Texas Boomers Club
Join Date: Jul 2000
Location: Cypress, Texas USA
Posts: 8,854
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HERE is the U.S. Department of Energy's Energy Information Agency estimate of proved reserves by country and region.
Rusty
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03-14-2011, 08:51 PM
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#480
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Junior Member
Join Date: Sep 2010
Posts: 26
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Quote:
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Originally Posted by RustyJC
HERE is the U.S. Department of Energy's Energy Information Agency estimate of proved reserves by country and region.
Rusty
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According to this source and my math, US holds 2.5% of known reserves.
Guido
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03-15-2011, 09:09 AM
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#481
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Senior Member
Texas Boomers Club
Join Date: Jul 2000
Location: Cypress, Texas USA
Posts: 8,854
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Energy prices are down 3-5% on NYMEX this morning - see HERE. Dated Brent Spot crude oil has been trading over $115/bbl. Gasoline futures are down $0.15/gal this morning. The speculators probably see Japanese (and, therefore, world) energy consumption dropping for the immediate future.
Rusty
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03-24-2011, 11:15 AM
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#482
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Senior Member
Winnebago Owners Club
Join Date: Oct 2009
Posts: 1,170
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In our hometown in Arizona, diesel is now $4.20 a gallon.
__________________
2008 Itasca Latitude 39W. Cummins ISB 6.7 Turbo 340HP. Allison 6 Speed. Freightliner XCS. Michelin XRV 255/80R 22.5 LRG. SuperSteer MCU. Safe-T-Plus.
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03-24-2011, 01:29 PM
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#483
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Senior Member
Monaco Owners Club Appalachian Campers
Join Date: Nov 2007
Posts: 1,168
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I'll bet that diesel hits $5.00/gal by July... 
__________________
Charles and Martha*2008 Monaco Signature FMCA #F388752*GoodSam Life Member 2007 Ford Explorer - Toad
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03-24-2011, 01:53 PM
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#484
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Senior Member
Join Date: Aug 2000
Location: Walnut Creek Ca USA
Posts: 837
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I had to fill up my diesel in Santa Barbara this morning. OUCH! 4.49 a gallon.
-Paul R. Haller-
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03-25-2011, 12:45 AM
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#485
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Senior Member
Monaco Owners Club
Join Date: Dec 2009
Location: Tucson, AZ
Posts: 619
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Quote:
Originally Posted by azloafer
In our hometown in Arizona, diesel is now $4.20 a gallon.
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Wow, up here in Prescott, it's $3.85. We're normally a bit higher than Phoenix and Tucson.
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03-25-2011, 05:46 AM
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#486
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Senior Member
Join Date: Aug 2010
Posts: 289
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We figure that with our diesel truck the cost of fuel could go to about $7.25 and we would still be breaking even (in our application the fuel mileage is almost 70% more than a gasser), gotta look at the bright side....
But, we don't have to squint at all anymore when looking at the bright side now-things have gotten alot dimmer.
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03-25-2011, 08:42 AM
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#487
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Member
Join Date: Dec 2009
Location: Hogg, Tx
Posts: 99
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The people who worry about every thing that comes along are the ones who are setting at home wishing they had the nerve to go out and have fun.
I am going to live till I die Then I am going to live forever. Amen
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03-25-2011, 08:57 AM
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#488
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Senior Member
Winnebago Owners Club
Join Date: Oct 2009
Posts: 1,170
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Live forever...
I also plan to live forever and so far it is working.
__________________
2008 Itasca Latitude 39W. Cummins ISB 6.7 Turbo 340HP. Allison 6 Speed. Freightliner XCS. Michelin XRV 255/80R 22.5 LRG. SuperSteer MCU. Safe-T-Plus.
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03-25-2011, 02:55 PM
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#489
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Member
Join Date: Dec 2009
Location: Hogg, Tx
Posts: 99
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My can do can't keep up with my want to.
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03-25-2011, 02:59 PM
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#490
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Registered User
Join Date: Mar 2011
Posts: 1,943
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$1/mile before long. Now I gotcha worried.
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