Arab Oil Producer Costs – less than $2.00/barrel using low cost tech
Oil Company Costs – Have been $5 to $6/barrel
World liquid reserves – 17, 136 B barrels
Saudi Reserves – 264B to 464B barrels at $3o per barrel
US liquid reserves – 377B barrels, 50 years, 2.2%, recoverable with current tech. Could double or quad with newer tech and higher costs
US oil shale reserves – 800B barrels, 106 years, but at $40/barrel cost
In a recent email announcing the introduction of The Domestic Drilling Act (H.R.6593) and The Consumer Energy Supply Act (H.R. 6578), Congressman Nick Lampson (D-TX) stated, "As we find ourselves competing with rapidly growing nations such as China and India for energy, it is clear that we must increase supplies…
First of all, a short summary of The Lucifer Effect. It explains how events like Mi Lai, Abu Ghraib, and The Stanford Prison Experiment turned good people evil. Part of this explanation involves "bad barrels." A bad barrel is an environment in which a person lives or works which negatively…
Andy Hailey