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  • 60 Minutes on Oil: Did Anyone Verify Anything? [View article]
    That should have read "BETTER" rather than "beer", although beer ideas are good, too
    Jan 12 12:45 pm |Rating: +6 0 |Link to Comment
  • 60 Minutes on Oil: Did Anyone Verify Anything? [View article]
    I have a beer idea. The US has 200+ million cars/trucks with an average gas mileage efficiency of around 15 miles/gallon.

    If we increase the fleet efficiency by 3 miles/gallon, we get a 20% increase in efficiency.

    We save roughly 2 million barrels of oil/day, and over 10 years, the time it would take to get any oil from the OCS or ANWAR, we save 7 billion barrels of oil -- more than half of all the oil in ANWAR.

    On Jan 12 11:13 AM robert.b.ferguson wrote:

    > All bias asside: If we truly want to stabalize domestic oil prices
    > we must drill the OCS and other available domestic reserves. (the
    > Chinese are drilling off our coast with help from Cuba.) In this
    > manner we will have leverage to increase or decrease our production
    > to counter price manipulation by OPEC or Russia. If we don't take
    > steps now we will end up like the Eurozone in relation to Russian
    > natural gas supplies. Out in the cold.
    Jan 12 12:43 pm |Rating: +7 -1 |Link to Comment
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