U.S. has worlds largest oil reserves

[McKnight55]

According to a July 2016 article in the L.A. Times .

https://www.latimes.com/business/la-fi-oil-reserves-20160705-snap-story.html?_amp=true

The United States has overtaken industry giants Saudi Arabia and Russia in recoverable oil reserves, an international study released Monday says.

The U.S. is sitting on 264 billion barrels, 8 billion barrels more than Russia and 52 billion more than Saudi Arabia, the dominant member of the Organization of Petroleum Exporting Countries (OPEC), according to the report by Rystad Energy, a respected oil and gas consulting firm based in Oslo.

Three years ago, the U.S. was behind Russia, Saudi Arabia and Canada in Rystad’s estimates of recoverable oil — barrels that are technologically and economically feasible to extract.

“I don’t think much of [the reserves are] going to be produced if the price were to stay below $50,” Hamilton said. “But if it goes back to $100, there’s quite a bit of oil that can be produced for a number of years from the United States.”

At the current price we should be energy independent and exporting oil.

 

[oldslurrydog1]

With the right person in the Whitehouse, we would be.

 

[Half Cocked]

With the right person in the Whitehouse, we would be.

Absolutely. It's a real clown show with Biden and his envirowhackos running energy policy in America.

https://nypost.com/2022/03/09/why-biden-energy-policies-have-contributed-to-surging-oil-prices/

Republicans and other Biden critics say his actions and proposals since taking office – such as canceling the Keystone pipeline, suspension of new federal oil and gas leases, higher drilling fees on federal land and a Democratic-led push for the Federal Reserve to implement climate change policies – have sent a clear signal to US producers.

Tom Kloza, the global head of energy analysis for OPIS, noted the Biden administration has developed an “adversarial relationship” with US producers who now face calls to increase their output.

“You’ve got diplomacy on Ukraine. You’ve got diplomacy with Iran. Now you’ve got diplomacy with Venezuela,” Kloza said. “You know, it might be advisable to have some diplomacy with oil and gas companies.”

 

[Suck My Glock]

 

[McKnight55]

Alaska Gov. Dunleavy: Our Oil Is Cleaner Than Russia’s, We Can Supply Ourselves and Allies, ‘If We’re Allowed to’ by Biden

https://www.breitbart.com/clips/2022/02/28/alaska-gov-dunleavy-our-oil-is-cleaner-than-russias-we-can-supply-ourselves-and-allies-if-were-allowed-to-by-biden/