Friday, Jul 25, 2008
600 Billion Barrels of Oil in Alaska (Reserves)
CNBC: Oil in the Arctic
Well if some of us didn't know already. We know now! Great little clip, like the sarcasm of the journalist.
Posted by stevie dee @ 05:31 PM (563 views) Add Comment
14 Comments
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1. drewster said...
Yawn. Very hard to reach, very hard to extract, and not actually that much oil. The guy in the video clearly says it's only a one-year world supply of oil. It'll take many years to get the infrastructure in place to extract this stuff. Also the arctic is neutral territory - Russia stakes a claim there too.
Oh yeah, and it's naff all to do with HPC.
2. Stevie Dee said...
Mmmm.. I respect your opinion, but I don't agree.
3. shipbuilder said...
Clearly the debate has moved on to the point where it's now acceptable to drill for oil no matter where it turns up. How sad, pathetic and greedy the human race has become.
"But men labor under a mistake. The better part of the man is soon ploughed into the soil for compost. By a seeming fate, commonly called necessity, they are employed, as it says in the old book, laying up treasures which moth and rust will corrupt and thieves break through and steal. It is a fool's life, as they will find when they get to the end of it, if not before."
—Henry David Thoreau, Walden, 1854
4. Mytimeisnigh said...
There is no correlation between the price of oil and gas, so why are EDF putting up their prices by 22% and 17% respectively. This is going to cause a lot of pain.
We need to move towards more renuable energies. Where is Mr Brown standing on this one?
5. gardeniadotnet said...
>How sad, pathetic and greedy the human race has become.
Shippy, you are obviously an old head on young/old? shoulders.
More please.
6. gardeniadotnet said...
Drewster said...It'll take many years to get the infrastructure in place to extract this stuff.
Dunno - don't usually watch videos, except for music.
But what about s2r1's posts about huge quantities of Alaskan oil available within 12 months?
7. gardeniadotnet said...
>Oh yeah, and it's naff all to do with HPC.
For the umpteenth time....it's EVERYTHING to do with HPC.
You're either a wind-up merchant (a la p.doff and James) .... or daft.
Ray
8. Stevie Dee said...
Thanks gardeniadotnet. It has everything to do with HPC, it is an illustration that the housing market is one big roulette table. Where the only winners are the banking dynasty's. I say this because informed people are becoming aware of the enormous reserves in Alaska (United States - North America). But this oil does not belong to the people, it belongs to those very few. Just imagine if an official announcement was made official, oil would return to £30 a barrel. Look at oil prices during and before the sterling crisis of the early 80's. The housing market is merely a distraction, a tool,to turn over the ground. Yes, I could say the usual, lower energy, cheaper products, lower inflation, thus more help for the BoE to lower rates. But this whole situation is a fabrication, looking at the War in Iraq and the Pantomime of Iran. If the powers want to crash the market, they can, if they want oil at $200 per barrel, they can. And if they want to make you penniless, poor & hungry, they can! The politicians are merely following orders. And the BTLers were merely greedy individuals given free reign to create as much havoc to society as possible. I'm not a conspiracy theorist, the guys working in "The City", are merely betting office tellers paid to maintain the fabrication, a public that has truly lost its way, politics has failed, the financial system has failed. And morals and telling the truth is now the sin.
9. Stevie Dee said...
Type "Gull Island" into Google Maps
10. planning4acrash said...
Crazy's here forget that sustained 100$+ means DOUBLE DIGIT interest rates and DEPRESSION. Iran threat, Oil demand down, supplies up this yr, prices thru the roof, & u don't see the con-spiracy! They cannot do it without our silence and support.
11. Stevie Dee said...
Would you live in a desert at a 100+ degrees. So, oil reserves only 70 miles from an existing infrastructure is small feed. Incidentally on Google Maps I can only see the snow on the caps of the northern rocky's.
12. Stevie Dee said...
Alaska is not Nigeria.. the Alaskan Liberation Front (ALF), or the Liberation Front of Alaska (LFA), Or the Caribou Freedom Campaigners (CFC's) do not exist. Walt Disney could not write a better script. Face it people.. you are being peddled a corrupt and inefficient system.
13. gardeniadotnet said...
@8. Stevie Dee
Great stuff. Thanks.
14. Stevie Dee said...
#4.. renewables is about self sufficiency, the current administration wants the opposite.