Oil find of up to 500 billion barrels

If you had the time to work this out it would be interesting. work out how much wages you get take off income tax, car tax, fuel tax vat on food and goods you buy and see what you have left over a 12 month period. The workin man is getting robbed blind for everything he has.
We are a nation who says oh well what can we do about except pay up, fuel went to 80p ltr and folk kicked off, now it over £1 and people just lay down and pay it. This government has broke us down completely now and people are leaving the country to live elsewhere, what state will britain be in in 10yrs time, dont for a minute think it cant get worse cos it can and it will.
Rule Britannia.

old shape is bang on. UK is a country of poor mules – those bred to work and pay tax and those who ride through life on them. And don’t tell me about the disabled and those who need looking after, it’s not them I’m having a go at. It’s the bloody government who can’t get a handle on spending, have crook priorities and go off on military adventures we can’t afford, and have only one answer, tax more.

Oh sorry, grumpy old man these days. Just sodding tired of working more and more, and getting ever worse off.

SoG

Just because you’re in grumpy old man mode doesn’t mean you are wrong. I feel the same way and, if the truth was told, so do the majority of the thinking people in this country.

Well, if the alternative is to lower taxes and borrow from China instead…

The real alternative would be to lower taxes and cut out all the crap.

But, how would they get reelected if they couldn’t promise more money?

*******s.

I’ve never seen a place like the UK where the government loves to tax and and no one seems to mind it.

Well, if the alternative is to lower taxes and borrow from China instead…

Still, nobody seems to mind, the same party is still in power.

You don’t honestly think though that if the liberals or conservatives got back into power you’d all of a sudden be paying much much cheaper prices do you? As much as i’m not a fan of the present goverment i realise that if another party came into power things would not change at all, oh i do agree the congestion tax is utterly stupid but thats mainly that complete and utter clown Ken Livingstons fault. The smoke less and drink less preaching, well your gonna get that with any of the three major parties, it is kinda thier job too as a goverment to try and look after the welfare of its citizens isn’t it, though it can seem like a nagging mother if you get me. Anyway, in short i hate the high taxes and dislike the nanny state ideals but like i say a change of party running the show wont change it.

old shape is bang on. UK is a country of poor mules – those bred to work and pay tax and those who ride through life on them. And don’t tell me about the disabled and those who need looking after, it’s not them I’m having a go at. It’s the bloody government who can’t get a handle on spending, have crook priorities and go off on military adventures we can’t afford, and have only one answer, tax more.

Oh sorry, grumpy old man these days. Just sodding tired of working more and more, and getting ever worse off.

SoG

I’ve never seen a place like the UK where the government loves to tax and and no one seems to mind it.

The government (of both parties since it’s been going on forever) seems to see taxes as a tool to affect behavior change.
Want people to drive less..increase petrol/car/road taxes
” ” ” Smoke less increase tobacco taxes
” ” ” drink less increase alcohol taxes
” ” ” stay out of London, add the congestion tax, and then raise it again.

Trouble is…in spite of the taxes people still do all the above. Do they work? Some do, some don’t, but the government still passes new ones.
And the real trouble is..the rich can afford them so they don’t mind the taxes and continue with their lives as before.

The only people effected by them are the middle class..who, as SoG points out, continue to get $cr@wed.

Still, nobody seems to mind, the same party is still in power.

old shape is bang on. UK is a country of poor mules – those bred to work and pay tax and those who ride through life on them. And don’t tell me about the disabled and those who need looking after, it’s not them I’m having a go at. It’s the bloody government who can’t get a handle on spending, have crook priorities and go off on military adventures we can’t afford, and have only one answer, tax more.

Oh sorry, grumpy old man these days. Just sodding tired of working more and more, and getting ever worse off.

SoG

Errr, US is everything but an oil producing nation..

I know, we “were” and quite frankly could/should be again, thats all I was saying.

UK aviation fans should hope that it’s true.
Why?
If so it might lower the worldwide price of oil/petrol/jet fuel…if only by a few pence.
So maybe they can afford the fly XH558…:D

Couldnt agree with ya more, funny part is, its the same story in the US.

Errr, US is everything but an oil producing nation..

Well, if it makes you feel better, the bicycle trail thing seems to be a worldwide problem…

The lefties & tree huggers in charge around here are also extending the bicycle trail network… Used by 10 people per week, usually.
It costs a couple million to do that, while many roads are in a dire need for repairs.

But this would hardly be worth talking about, if it wasn’t for this:
The same tree hugging, big spending, moralising people who are generously pumping out cash for alternative mobility (as if riding a bicycle or walking 50 km to work would be an alternative .. ), are complaining about excessive use of freeways, and that the amount of cars & trucks should be reduced.

And where are they building the trails ? They are ripping out railroad tracks, and building them there !

So, for instance, instead of having 2 trains a day passing with logs to be brought to the local sawmill, we now see at least 50 trucks a day, which destroy the roads.

Go figure …

What….you paying $9.66 a gallon? (Imperial) Or $8.05 (Artificial US measure 🙂 )

USA would stop in its tracks if people were forced to pay that much.

Well I have to agree with ya there, we arent paying that much and yes you are correct, if prices climbed that much……A depression would not even describe the shape our economy would be in.

In the past year and a half or so, diesel has gone from the mid to high $2.00 range to at least mid $4.00 range and still climbing…I totally expect to be paying $5.00 by mid summer if not earlier.

But, our problems are similar (government meddling).

Here in the states we had a major bridge collapse in Minnesota a few months ago. Washington DC was up in arms, they need more money for infrastructure improvents and refurbishment they say. Some senator aka ignorant A*Shole, came up with the brainy idea of adding another 50 cents onto every gallon in order to “fix the roads and bridges”.

But low and behold, when the budget was passed, someone did some digging. And wouldnt you know, $700,000 was to be spent on I what I believe was bike trail or some such nonsense in Minnesota, yes the state with the collapsed bridge. Now, if I dont believe my goverment can decide which is more important, a trail or the dam bridge, why in the hell would I think an extra 50 cents a gallon would fix anything?

I firmly believe if the government would keep their hand out of a lot of things, let alone printing US Dollars faster than they can make the paper, oil prices could be a lot cheaper. But then again, as I’ve said before, Im just a uneducated carpenter 😀 .

Didnt mean to rant, I know you guys over there have been paying out the wazoo for years, but its starting to hit here in the states big time…..and quite frankly, I blame it all on the government for instigating a fake energy crisis. There I said it, come on…….flame one, flame all :p

Couldnt agree with ya more, funny part is, its the same story in the US.

What….you paying $9.66 a gallon? (Imperial) Or $8.05 (Artificial US measure 🙂 )

USA would stop in its tracks if people were forced to pay that much.

Oh goody.
A possible future oil glut.

World prices will come down, economies will be able to transport good cheaply again.

Except in UK. Our shower will find an excuse to increase the price and the duty on it.

People forget, WE were an oil producing nation. Where has all that wealth gone? Pi55ed away on “Social payments” that’s where.

We are an island built of coal, surrounded by fish that swim above oil. But we have shortages of all these. Pitiful, if it was a business you’d close it.

Couldnt agree with ya more, funny part is, its the same story in the US.

DRILL DRILL DRILL get those pumps a pumpin and stop with all this greenie weenie crap.

Do it as safely as possible for the environment/people, do it as quickly as possible.

And dont stop there, drill offshore, get the oil sands/shale. Build new, up to date refineries and either update old ones or replace them.

And to top it all off, make the oil business competitive, not this sickening collusion between government and business to protect eachothers backsides.

Oh goody.
A possible future oil glut.

World prices will come down, economies will be able to transport good cheaply again.

Except in UK. Our shower will find an excuse to increase the price and the duty on it.

People forget, WE were an oil producing nation. Where has all that wealth gone? Pi55ed away on “Social payments” that’s where.

We are an island built of coal, surrounded by fish that swim above oil. But we have shortages of all these. Pitiful, if it was a business you’d close it.

If I was American I’d be wanting to keep it and tell the rest of the world what it can do with it’s expensive oil for a while.

See Distiller’s post above for one possible definition of “a while”…. 😎

If I was American I’d be wanting to keep it and tell the rest of the world what it can do with it’s expensive oil for a while.

500 to 3.65 is not a “small” difference.

World consumption of crude is around 30 billion barrel a year.
U.S. consumption about 7.5 billion barrel a year, whereby automotive juice accounts for a little under 400 million barrel a year (Around 8%. Crude > gasoline = ~0.66 in a good refinery; the U.S. refineries are NOT good, but they import gasoline).
U.S. crude production is around three times less than consumption.

At 3.65 bbl in Bakken that would be 5 to 6 years of U.S. automotive consumption, or only a couple of month of total consumption. = Not worth it.

The U.S. Geological Survey estimate is smaller than some of the figures floating around the internet, but it’s still huge, about 3.65 billion barrels of oil, plus natural gas. Details at:

http://pubs.usgs.gov/fs/2008/3021/

Of course, it will be a number of years before the field comes on line. The new technology has to be perfected, infrastructure built, and the biggest barrier of all, human opposition from various sources.