Baler

So here we are using 20 million barrels a day producing eight, importing 12, and from the 12, five comes from OPEC.

Remember that large numbers can be deceptive.

The easy to extract, high quality crude was pumped first.

What does that do for entrepreneurs?

One tanker, 16o,ooo barrels by the end of next month.

...before the projections catch us?

Commodity prices are like this.

light crude and heavy crude well, it's about 14 bucks a barrel.

Oilmen spent the energy equivalent of 1 barrel of oil to find and extract 100.

Several factors make oil unique it is energy dense.

Captain, we got a hundred barrels down there rigged to blow. and this.

When you look at the biggest user and the second largest user, we use 20 million barrels and the Chinese use 10.

Oil. Oil. This was a big topic.

And they claim they have 250 billion barrels of oil, which I do not believe.

And together they only form about 15 years of supply.

Why do we care? Here's why we care...

They make it very clear to you, the Saudis do, they have to have 94 dollars a barrel to make their social commitments.

That's another 30 percent demand on oil.

Of these fuels, oil is the most critical.

Let's put Nigeria in perspective.

40 of the world's production comes from the 500 or so giant oil fields, half billion barrel oilfields.

We use over five billion tons of coal, 30 billion plus barrels of oil that's a hundred million barrels a day.

And all those mega barrels under Detroit cost an average of 18 bucks a barrel.

And that costs on average under 18 dollars a barrel.

In Europe where taxes are in place, that's the equivalent to a minus 60 dollar barrel.

In the nineteen sixties, six barrels of oil were found for every one that was used.

And that also brought me to the fact that this poses such a risk to our society.

Here is the problem at 147 dollars a barrel, which we were in six months ago, the U.S. spent a ton of money to get oil.

The other dived down the hole, and I heard the sound of rending cloth as Jones clutched at his skirts.

They're there to control, keep the shipping lanes open and make oil available.

McMillan TAC .50 Sniper Rifle Range Far a projectile leaving the barrel at a speed of 2,700 m s

Since 1860, geologists have discovered over 2 trillion barrels of oil.

Middle Eastern oil prices jumped by five dollars per barrel.

We can save half the oil by using it more efficiently, at a cost of 12 dollars per saved barrel.

So 40 years hence, when you add it all up, a far more mobile U.S. economy can use no oil.

It has become noticeably colder.

Okay. I'm sorry about your nose.

I'm sorry I yelled at you.

Now I had people in Washington last week told me, he said, The Saudis can produce the oil for five dollars a barrel.

Cut a bigger circle to compensate.

And then we can replace the other half with a combination of advanced bio fuels and safe natural gas.

I've got three words for you, Beth Martin.

I should have quit, of course.

Good luck to you