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Bush to Arab nations: You're running out of oil

PRESIDENT George Bush yesterday told leaders of the oil-rich states of the Middle East that they must face up to a future without their precious hydrocarbons. In a stark warning, he said their supplies were running out and urged them to reform and diversify their economies.
http://thescotsman.scotsm...

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Our corrupt leaders are getting what Ceaser got

A knife right in the back. The greed of our leaders have been used to move them right into position by many nations that on the surfice act as though they are our friends. Its like a millionare that goes into business with a group of multi millionares to get richer. Guess who ends up with the million???? and the people you are seeing in your conventions are doing the same thing. They are doing everything they can do to keep that feeling of being important because a representative knows thier name and will actually pick up the phone and talk to them. As if he cares what they think??? At the same time George bush is over there asking (if not begging) the sadi's to pump more oil (which they said nah no thanks) [stab]. George bush is saying anyone who would talk to nations without our interest at heart is guilty of appeasment. Since the beginning of the year our nation has had almost 1000 trucking companies go out of business. We are now losing 100 trucking companies a week. sorry folk we cannot take that pace for very long before our people cannot offord to by food any more if you can even get it to the stores. home sales are dead. Builders are afraid to even start building a new home to sell which means sub-contractors are now willing to cut there price (In my area people who frame homes are now cutting there price in half to what it was just a year ago just to find work) I have now been layed off I have not ever been layed off in my life I'm 41 years old. Farmers are going to have problems even fueling thier equipment. This also adds to food prices. These leaders are being suckered into believing they will get to play ball with the elites of the international bankers most of them coming out of isreal and europe. they are now starting to get thier blowback. and everytime they get a stab the people of our nation bleed. How convenient for them that they do not have to feel the pain of the knife being stuck in them. How convenient for the bankers that by the time these people figure out thier being stabed to death and thier nations strength has been drained that they will finally wake up and see they have been slaughtered by the rising Roman Empire. Who seems to be riding the relativism fence on everything while our nation writes checks for everything, including the knives they stick in them. I'm starting to realize that our leaders are not the brians of this global agenda. They are the ones being duped by the brians. Our nation is under attack and we are chasing dead people in caves. King George is brilliant isn't he.

Sick Joke

It is all a smoke and mirror scam being pulled on the population of the world. Back at the beginning of the Reagan administration a decision was made to use the world's oil before using US oil. The US was going to drain the world and end up being the country with oil. They hid the true extent of the oil under the north slope (Gull Island) and stopped drilling in the continental US.
The other day the Saudis told Bush there is no demand for increased production. The automakers at this years Detroit Auto Show indicated they were ~10 years from alternative fuel vehicles being the norm. This is probably more a factor of how long they think it will take them to convince the US buying public it is what the buyers want than a technology deficit.
The US has to give up its love afair with the internal combustion engine. Sixty percent of the oil consumed in the US today is burned as motor vehicle fuel. Instead of wasting trillions of dollars defending an oil based economy the nation should be building electric generating capacity (nuclear, wind, solar, tidal, hydro, coal with carbon sequestering, etc.).
A direction like this would make the nation energy independent, vastly reduce greenhouse gases and render our current foreign policy useless.

A few weeks back there was a

A few weeks back there was a show on the History Channel about solar technology. Those solar power plants, somewhat similar to the one in the movie Sahara, costs somewhere around 750 million dollars to build. I believe they stated that it would take 642 of those power plants to provide electric to every home in America.

So, basically, less than 500 billion dollars to provide electricity from the sun to every home in the US.

We could have essentially had free electricity in the US for less than what we have spent over in Iraq so far.........

More than a century of moronic predictions

1874 - Pennsylvania's state geologist "All of the oil in the world will be gone by 1878".

1920 - USGS "The world has only 60 billion barrels of oil left".

1950 - USGS "The world has only 600 billion barrels of oil left".

1994 - USGS "The world has only 2,400 billion barrels of oil left".

2000 - USGS "The world has only 3,000 billion barrels of oil left".

It's either that they have

It's either that they have no clue or they do not want us to have a clue. More than likely it's both.

We have plenty of oil,

just look up Bakkenn formation oil field.

The Bakken is not exactly

The Bakken is not exactly "plenty" of oil. One of the most important considerations is rate of extraction, and then total extraction expected. In 2007 the total ANNUAL crude production in North Dakota was 7.4 million barrels. One year of production.

The USA uses 20.5 million barrels of oil in ONE DAY. So North Dakota in one year is producing about 1/3 of a day's needs for the USA.

http://www.eia.doe.gov/ne...

"The greatest Bakken oil production comes from Elm Coulee Oil Field, Richland County, Montana, where production began in 2000 and is expected to ultimately total 270 million barrels. In 2007, production from Elm Coulee averaged 53,000 barrels per day — more than the entire state of Montana a few years earlier"
http://en.wikipedia.org/w...

So there's another 19.3 million a year from this formation. Montana and North Dakota combined, 27 million barrels a year, or about 1 1/4 days usage per year.

How much oil is in the ground is irrelevent, what is important is the rate it can be extracted.

They just had to put 2012 in

They just had to put 2012 in there to close the piece.