To: St_Thomas_Aquinas
Seriously, ALL of the oil in all of the shale in the US would not begin to pay down our debt.
19 posted on
02/03/2013 9:02:46 PM PST by
editor-surveyor
(Freepers: Not as smart as I'd hoped they'd be)
To: editor-surveyor
Seriously, ALL of the oil in all of the shale in the US would not begin to pay down our debt.That statement is not factually accurate.
24 posted on
02/03/2013 9:29:55 PM PST by
Alter Kaker
(Gravitation is a theory, not a fact. It should be approached with an open mind...)
To: editor-surveyor
It would if dollars were inflated til oil was about $1000/barrel.
On a related note, recent price of gasoline is $0.16/gal priced in pre 1965 US silver coinage...
32 posted on
02/03/2013 10:10:18 PM PST by
Axenolith
(Government blows, and that which governs least, blows least...)
To: editor-surveyor
Seriously, ALL of the oil in all of the shale in the US would not begin to pay down our debt. According to Wikipedia, as of 2005, the US had reserves of 2 trillion barrels of shale oil. Oil is near $100 a barrel right now. So technically we do have enough shale oil to pay down our debt and even our unfunded liabilities. But it is pretty disturbing how much of this enormous resource we would have to sell off to pay down our debt.
To: editor-surveyor
Seriously, ALL of the oil in all of the shale in the US would not begin to pay down our debt. I saw trillions and did some quick math. But, sheesh, you're right.
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