The oil companys are in a panic mode over the upcomming elections, hearings they know will come, billions of unaccounted for dollars in Iraq.
Can you deep thinkers out there tell me where in the world is the largest reserves of Crude??

 

The world's largest, not sure. I know there's still a lot in the Gulf. And the Midwest has millions of barrels in oil shale, but right now it's too expensive to extract. I give, where?

-S-

 

Prolly sumwer we havnt found.

 

Alaska?

 

Crude from the world

Many countries put the reserves of north ameraica to shame.. The middle east that we are fighting to take control of... Iraq and Kawaite are very high, Saudi Arabia is running out, Alaska was at about 40% of its beginning output, it is now coming back on.
The Tar Sands of Alberta Canada was thought to be the largest untill drill tests shows that Venezuela in its Orionoco tar sands region is the largest in the world.. Iran and Venezuela have joined in a venture to take advantage of this black gold.. There are several american companys also involved.. it is a 30 year project.

 

I was just about to say Venezuela.

No, really. I was.

And do you think that may have something to do with why the current Washington administration is so pissed at Chavez?

 

I think it has something to do with it.. and the team up of Iran and Venezuela, with both leaders not afraid to thumb their nose at bush..

I won a bet made some months ago, that gasoline would be down to less than 2.00 a gal. I figured the slip of the futures market would put opec back in control of pricing.. But it was Goldman Sax that did the most good..

 

Coming from a family with both sides having worked in the oil fields, both of my grandfathers and my father all work(ed) in it.

My grandfather on my mother's side guarantees that we'll find the most in Alaska. He dug there as the Derek Manager for almost 20 years off and on, and says that that's where he's found the most. He's also dug overseas (Iran, Iraq, Saudi Arabia) and found nothing.

My grandfather on my dad's side worked with Phillip's 66 (now Conoco Phillips) for almost 45 years. He also claims that the most he's seen was either in Alaska or in the Midwestern United States, most predominantely of the Red Carpet Country of Oklahoma and Texas.

Dad argues about this all the time, as he's an engineer in charge of finding how far to dig, how long to dig, etc while working at a Natural Gas plant for Duke Energy, formerly GPM a subdivision of Phillips. He claims that the largest holds of crude oil in the United States/World is in the Midwest somewhere.

I personally believe that it's somewhere around here, too. There have been a ton of dereks going up around the country outside of town, and I know that a certain company has been having really good luck and that they are expanding constantly.

It's here, it's just more expensive to cut to than what it's actually worth.

 

The shale oil in Alberta canada was thought to be the largest in the world, but it was not untill crude got above $20.00 a barrel was it worth it.. Now they are going full steam ahead.
Oil has been taken from Venezulea for a long time, even the 1930's BUT NOT THE THICK CRUDE But again with the price of crude well above the break even point, they have gone all out.. the biggest help has been the horizontal drilling, and the ability to handle this ultra thick crude. They are calculated to be .1 trillion barrels ahead of Canada.

 

We have GOT to get off the oil.

 

I thought we'd established that you're not on the oil, the Venezuelans are on the oil.

Oh. I see what you mean.

 

Greatest Oil Reserves by Country, 2006

Greatest Oil Reserves by Country, 2006
Rank (billion barrels)
1. Saudi Arabia 264.3
2. Canada 178.8
3. Iran 132.5
4. Iraq 115.0
5. Kuwait 101.5
6. United Arab Emirates 97.8
7. Venezuela 79.7
8. Russia 60.0
9. Libya 39.1
10. Nigeria 35.9
11. United States 21.4
12. China 18.3
13. Qatar 15.2
14. Mexico 12.9
15. Algeria 11.4
16. Brazil 11.2
17. Kazakhstan 9.0
18. Norway 7.7
19. Azerbaijan 7.0
20. India 5.8

Top 20 countries 90.2
Rest of world 68.1
World total 1,292.5

 

Re: Greatest Oil Reserves by Country, 2006

What has put this list out of date is the new technology that now puts Oil sands and tar sands on the recoverable reserves..
Oil sands are now beig added to the reserves, Canada in the Alberta, Athabasca oil sands at 1.7 trillion barrels, and Venezuela at 1.8 trillion barrels of recoverable reserves. The oil sands of our western states are also an important project but not nearly on the scope of the Orinoco belt in Venezuela

 

That is the most important thing of all, by far.
WE NEED A COOL FUEL!

 

im still paying 2.70 a gallon california.

 

That is flat robbery, and I am sure they are using the Alaska pipeline thing as an excuse..My information has it that never stopped pumping, but routed around problem spots, It did cut down flow by about 12%, but it is up to full now.. Another thing Alaska just doesn't have the crude to pump anymore.. Are you familiar with the pipelines that go across southern usa and into southern Calif..??
These pipelines carry product, not crude! If they claim the price is because of short supply, they lie..

 

oil

we're talking about a couple of different things here. oil for fuel is light green crude oil. that's what the middle east countries, venesualla and the gulf of mexico excell in. the oil sands are much more suited to road tar.

want to get off the oil. we can provide 90% of our fuel and lubricant needs with bio-mass production of hemp. one of the reasons it was renamed marijuana and made illegal in 1939.

 

List of oil fields

And, about the $2.70/gallon in California you're paying. I know its little consolation, but try checking gas prices in Europe and the UK some time. In some countries, its as much as $5 US per gallon.

EU Gas Prices

And, from the article, 40% of cars in Europe run on diesel. They also average 50% better mileage in Europe than in the US.
If we could just ditch big gas guzzling V8 and oversized V6 engines and go with more efficient 4 cylinder engines, we would be much better off.
And, I own 2 cars.. Neither of which gets anything less than 35mpg on the highway. Next car I get will be diesel or hybrid.. Still deciding on which way I want to go.

 

Re: oil

No I do not think we are talking about two different things here! The light sweet crude that the stock market useses as a standard (North Sea Brent Crude) and some of the Middle east crude is the most dessirable, and the most expensive. Down the quality ladder is the higher sulpher content crude, and then on down the ladder, is the thick thick oil sand or tar sand crude.
All three grade (and there are more) are used to refine down to gasoline, jet fuel and all the other consumer products. Yes asphalt is a consumer product and it is mostly what is left over after the refining process.
Although thick and tar like the tar sand crude will not work as asphalt.
Another misconception is that refinerys use the high dollar crude to refine, No most use the high sulpher (sour) crude. This lower grade of crude takes very little effort over sweet crude to refine, and the sour crude cost much less.

Hemp: Was made into rope, and the war effort of WW 1 bought it to the USA. Planted in the coastal planes of North and South Carolina, and was importrant to the making of rope. It was the south pacific Islanders that taught us to smoke it, and then we had to destroy commercially grown fields..

It takes energy to convert any of the plant into fuel, and the fuel cost is to high for production right now... Grains such as corn produce a lot more volume of product for the amount of energy needed to convert.
In the 30 and 40's a farmer in the middle of Illinois would look across his corn field and predict how much the crop would make, not in bushels per acre, but gallons per acre..

 

Just because an engine is a 4 cylinder doesn't make it efficent.
Look at the a couple of cars in europe in the 60's The Fiat 600D from Italy and the Mini out of UK. Italy had a tax on something like engine size, so the manufacturers made a greater effort to make them efficient, and got power from smaller engines.
The Mini from UK did not have as much of a tax burden, so not as much effort was made for efficency. The Fiat with a 600 cc engine would give me fits on the race track with my Mini cooper with 1071 cc.
My opinion: stick with the diesel, the technology is growing by leaps and bounds. Have you noticed that 20 years ago deisel was way lower in price than regular gas.. Now it is higher.