What is the US strategic oil reserves?-On the Edge with Max Keiser-06-17-2011-(Part1)
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Uploaded by PressTVGlobalNews on Jun 18, 2011
http://www.presstv.com/section/3510532.html
In this edition of On the Edge, Max Keiser interviews the investor and financial activist, Michael Krieger, to talk about the American strategic oil reserves.
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Don't forget 75% of oil shale GLOBALLY is in the USA...
America’s oil shale reserves are enormous, totaling at least 1.5 trillion barrels of oil. That’s five times the Saudi Arabia reserves... ;) Just when you thought Capitalism could not get any better .... Where there's a will there's a way... ;)
TheChristianRight09 3 months ago
Not 726 million barrels A DAY but 726 million barrels PERIOD. According to Wikipedi this equates to 34 days of oil at the US daily consumption rate of 21 million bpd.
Strategic reserves are denoted as a quantity which lasts for a period of time.
patrickcorliss 4 months ago
Intro too long!
TheFunkadelicFan 8 months ago
you can't invite Michael krieger on your show enough max. always a pleasure listening to him..
hume1234561 8 months ago
@DavidAKZ Hmm... I know you from somewhere, lol.
ILLct 8 months ago
@DavidAKZ Looks that way to me. Look at what happened today. Supposedly this move with the STR's was to shake out the manipulation and it looks like it is to a good start.
DDuffeeInc 8 months ago
@DDuffeeInc so what you are saying it is price manipulation for profit with no regard to supply and demand ?
DavidAKZ 8 months ago
@TheMchap123 the planets resources are finite. GDP growth (which is exponential) assumes infinite resources
DavidAKZ 8 months ago
@DDuffeeInc be ready in a minute
DavidAKZ 8 months ago
@DDuffeeInc why is Wells Fargo the exception thanks ?
DavidAKZ 8 months ago