SHOCKING New Estimates: North America Drowing In 90% Of Earths Oil!

[Economy 52,861]

1 minute ago, Morphine Prince said:

Justin recently praised Fidel Castro. 

CANADA BECOMING COMMUNIST. 

USA must sweep in and free these people (and take the oil ) 

Justin can be a mess sometimes. I dont get all the praise he gets tbh  

 

 

[viniferrett 16,684]

On 25/12/2016 at 1:24 PM, Economy said:

2 TRILLION BARRELS!

the world's total is 1,7tri  

[Economy 52,861]

14 minutes ago, viniferrett said:

the world's total is 1,7tri  

Did u read the OP or just skimmed thru it?

 

1.7 trillion is the Proven Recoverable Reserves

 

The total known in place reserves is closer to 10 Trillion most of which is in North America

[Luc 4,776]

4 hours ago, PopThatArt said:

Can't we all build windmills and plant tulips around them like the dutch do on their countrysides, they're so much prettier to look at. 

I live only 2km away from the six biggest windmills in the world

those usually don't produce electricity though. They're either for water storage/replacement/leveling or for making grain products iirc.

[Economy 52,861]

32 minutes ago, Luc said:

I live only 2km away from the six biggest windmills in the world

those usually don't produce electricity though. They're either for water storage/replacement/leveling or for making grain products iirc.

I love both huge wind turbines as well as mills

 

So beautiful 

[Woolfsmck 2,763]

3 hours ago, viniferrett said:

the world's total is 1,7tri  

i figuring that around a trillion, the estimates don't really matter right now... cause that's like 100+ years worth at the current consumption rate

[Economy 52,861]

1 hour ago, Woolfsmck said:

i figuring that around a trillion, the estimates don't really matter right now... cause that's like 100+ years worth at the current consumption rate

He doesnt know the difference between proven reserves and in place reserves  

 

And from looks of it, those proven reserves gonna go up big time in North America 

[Woolfsmck 2,763]

in place reserves means there are wells or extraction mechanisms currently available and/or active.

Proven reserves means that the exploration has extracted some oil via a probe well or some other method., but not being harvested for commercial purposes.

[Altair 2,003]

I like my earth just the way it is thank you very much. 

Let's try to keep it that way 

[Maleficent 6]

The idea that the Middle East has most of the worlds oil is an idea planted in the head of westerners by their crooked politicians. I cannot wait for 2020 when Elon Musk and the other Cali tech billionaires show us the light. 

[JevyDuty 2,961]

13 hours ago, Morphine Prince said:

Justin recently praised Fidel Castro. 

CANADA BECOMING COMMUNIST. 

USA must sweep in and free these people (and take the oil ) 

That's exactly how stupid and obvious it would be. 

[Economy 52,861]

2 hours ago, Maleficent said:

The idea that the Middle East has most of the worlds oil is an idea planted in the head of westerners by their crooked politicians. I cannot wait for 2020 when Elon Musk and the other Cali tech billionaires show us the light. 

Well to be fair that was once the case

 

before the 21st century Shale and Oil Sands werent taken seriously. No one ever thought theyd become relevant and economical as massive as the resource might be

[buryme 48]

On 12/26/2016 at 2:30 AM, He8MyHeart said:

Just don't tell Trump....

Lmfaooo I could honestly see him targeting Canada in the next few years it's so crazy but possible  

[Economy 52,861]

Just now, buryme said:

Lmfaooo I could honestly see him targeting Canada in the next few years it's so crazy but possible  

He already is

 

Hes made it clear he doesnt like NAFTA the way its set up and hes very protectionist on trade.

 

Canada-US trade is the biggest in the world at almost $2 Billion a day. Canadian businesses that trade with US are worried

 

Trade helped lift development and economic growth Globally.

 

Ppl focus on some jobs that moved overseas but producing things where ever its cheaper and most efficient increases global efficiency over-all

 

High tech high paying industries for example often open in the developed world because its where ppl are most educated

 

Globalization allows each Natiom to produce whatever they do best and everyone competes with eachother keeping prices lower than they could be if everyone isolated themselves

 

Trump does not understand some basic economics if he thinks reducing trade is good for America

 

Sure, a small amount if manufacturing jobs MAY come back... but that will steal labor away from industries that America IS competitive in to fuel an industry that was done at a lower cost else where

 

A global economy is more efficient and competitive because everyone produces what they are best at and encourages them to keep doing better to compete. The reason the economy sucks these days has to do with many factors but trade is not one of them