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OIL HERE, OIL THERE, OIL EVERYWHERE!

Oil" is not a ubiquitous thing. There are different grades of fuel, and different complexity and cost of acquisition. Ignoring this, "yes" America has more "oil" than Saudi Arabia.

The simple fact is, globally, oil production is in decline with respect to acquisition costs. A simple analogy:

If I hand you a dollar, you'll likely take it, and it will be worth your time. If I drop four quarters on the ground, you may pick them up, as it may be worth your time. But if I fling a hundred pennies into a field, you'll be very unlikely to spend your time getting that dollar. It's all a dollar, but there's a limit to what we'll do to get it.

Shale fracking is like picking up quarters, Saudi wells are like handing over dollars. Tar sands, solar panels, windmills, ethanol, that's like pennies in the field.

A conventional oil well (light sweet crude to heavy crude) can have a lifetime of 30 years, a shale well typically tops out at 5. It's more labor intensive to frack. Yet we're doing it. And we're at war for extraction in the middle east, especially Syria atm.

So set your pom poms aside and pull out your calculator, because you can't ignore reality much longer.


THE FACT OF THE MATTER IS THAT THE EARTH HAS AN UNENDING SUPPLY OF OIL. OVER TIME EVERY WELL WILL BE REFURNISHED AS OIL SEEPS BACK INTO IT. ALL OTHER NARRATIVE IS FALSE!

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