gypsy wrote:we have enough oil stored to last 65 years, the price would go down if Bush would stop stockpiling,and buying more oil` the gouging continues~
a alternative doesn't want to be found, because Bush and his rich oil friends would be cut out~
we have never had as large a deficit as we have had these last eight years
where did u get that 65 year number? im not saying its not out there, i just have not found anything like it, largest number of reserves i have found is in shale rock ,, out west, but as of now , the process had not gone forward because of the high cost, maybe it will now, but also not sure it will produce good oil but lots to read, i read alot on the oil reserves, they have used some, and replaced it, here is a paste, but there is tons on it on google, but alot of oil but we use alot, so nothing like 65 years, if u can find that article post the url, here is a short version of the stratigic oil reserves as most are real long and complicated, as follows,
Strategic Petroleum Reserves"
From Kimberly Amadeo,
Your Guide to US Economy.
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Definition: Strategic Petroleum Reserves are the world's largest stockpiles of emergency crude oil. The oil is stored in underground salt caverns on the coast of the Gulf of Mexico that can hold over 700 million barrels. The federally-owned reserves can replace about two months worth of imports, should that ever become necessary.
Also Known As: US Oil Reserves, US Petroleum Reserves
Examples: The Strategic Petroleum Reserves were used to replace oil production lost as a result of Hurricane Katrina during the fall of 2005.