Tuesday, April 29, 2008

oil gas and coal

what most people don't realize that in northwestern north dakota, that could well be 400 billion barrels of oil sitting there and very little has been done. some reaserch has been done on this. also in arizona, there is a 100 year supply of coal sitting there but not one shovel has been lifted to excavate it. also the alaska pipeline, the government says that very little oil is coming out of alaska. the state just turned down the volume to constitute high oil prices. also on gull island in alaska, there is a 200 year supply of oil and natural gas but yet nothing is done and the oil industry is raking in big profits. the oil and natural gas in iraq is immense. the country is floating on a sea of oil and natural gas. the oil reserves in this country is staggering. iraq hold the largest light crude oil reserves in the world next to saudia arabia. with proven oil reserves at 115 billion barrels and has one of the worlds largest natural gas reserves, in excessive of 100 trillion cubic square feet, the estimated revenue on these resources amounts to over ten thousand billion dollars. these figures are proven reserve numbers and with only around 10-15% of the country explored these reserve figures can only grow even larger, making iraq again one of the more influential members of the arab world. the research has been done. the government claims that we do not have enough oil and natural gas and other resources and yet nothing has been done to explore these options. alternative resources have been explored but that is another blog altogether. this is something to think about and consider what is really going on in the world.

No comments: