Grindspine
Moderator

MM EDIT: this is for everyone who doesnt check the Post it, it post topic


Strubes beat ya to it.Still a hilarious pic though. :lolGrindspine said:
xD Love it!MegaDrive20XX said:http://art.penny-arcade.com/photos/888884039_umVwa-L.jpg
Language warning. here's the Tetris solution.
mastermario said:Yeah, the government just released an updated estimate saying that it was probably at least 35,000 to 60,000 barrels per day that were leaking since day one. Which is way off their first estimate of 5,000 a day.
mariorulezman said:well...why havent gas prices gone up that much??
actually theyve gone down.
mariorulezman said:well...why havent gas prices gone up that much??
actually theyve gone down.
Because this is just a single oil platform that was lost. It may be enough to cause an environmental catastrophe, but the amount of oil that is leaking into the gulf isn't enough to significantly effect oil or gas prices. It's a drop in the pan when you consider how much oil is produced worldwide.mariorulezman said:well...why havent gas prices gone up that much??
actually theyve gone down.
Homicidal Cherry53 said:Because this is just a single oil platform that was lost. It may be enough to cause an environmental catastrophe, but the amount of oil that is leaking into the gulf isn't enough to significantly effect oil or gas prices. It's a drop in the pan when you consider how much oil is produced worldwide.
The article is somewhat misleading. I went and read the original Kiplinger's article and it isn't just government policy that is the problem. Extracting from shales is only feasible (i.e. profitable, and given that oil companies are in the private sector, the bottom line cannot be ignored) under certain economic conditions and we lack the technology to reach some of the other oil reserves. The government is preventing some oil reserves from being tapped, but Uncle Sam is definitely not the only thing standing between us and an unlimited supply of oil.Dart said:http://www.americanthinker.com/2010/06/the_presidents_oil_reserves_li.html
^ Article of interest. If this article is true, then the U.S has the ability to become 100% independent of foreign oil.