[Einigkeit_Recht_Freiheit]

"Actually we do have a lot of it. "


You, my friend need to read up.

The Saudi Arabia hold 25% of proven reserves

Iraq has 15% of proven reserves

Iran has 14% of proven reserves

The US has less and 4% of proven reserves (and we are also the world`s second largest producer of oil as well as its largest importer)

Define "a lot"

[alnitak]

You need to read up too! Venezuela has more oil than the entire middle east just sitting in the Orinoco basin (over 1 trillion barrels worth).

It's in the form of heavy oil, which is more expensive to extract than light crude, but it is there, it is being pumped TODAY in small quantities, and if there was ever a problem with supply from other areas it WOULD be extracted. We are not going to run out of oil.

http://www.radford.edu/~wkovarik/oil/

http://www.worldenergy.org/wec-geis/publications/default/tech_papers/17th_congress/3_1_04.asp