Comments on: The Pentagon Burns 395,000 Barrels of Oil Per Day http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/ Covering the New York City Streets Renaissance Mon, 23 Nov 2009 05:31:30 -0500 http://wordpress.org/?v=2.8 hourly 1 By: Mark Walker http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/comment-page-1/#comment-54166 Mark Walker Mon, 28 Jul 2008 14:10:20 +0000 http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/#comment-54166 The price of oil is high because the worldwide oil supply has peaked. That means half of it is gone and the remaining half will be much more difficult and expensive to extract. U.S. domestic production peaked in 1970. Coupled with the OPEC embargo of '73, that led to lines at the gas pumps and the first nationwide consciousness of an energy crisis. That crisis never really ended, as we are now discovering. The price of oil is high because the worldwide oil supply has peaked. That means half of it is gone and the remaining half will be much more difficult and expensive to extract. U.S. domestic production peaked in 1970. Coupled with the OPEC embargo of '73, that led to lines at the gas pumps and the first nationwide consciousness of an energy crisis. That crisis never really ended, as we are now discovering.

]]> By: Immer http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/comment-page-1/#comment-54158 Immer Mon, 28 Jul 2008 06:07:38 +0000 http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/#comment-54158 So what does really make the oil price so high? If military reduce its oil consumption, will the oil price decrease? So what does really make the oil price so high? If military reduce its oil consumption, will the oil price decrease?

]]> By: abe http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/comment-page-1/#comment-54099 abe Fri, 25 Jul 2008 16:55:47 +0000 http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/#comment-54099 I am curious to see how much oil is actually consumed to fight the wars in Iraq & Afghanistan, and how much of that is wasted on keeping vast military bases all over the world. I am curious to see how much oil is actually consumed to fight the wars in Iraq & Afghanistan, and how much of that is wasted on keeping vast military bases all over the world.

]]> By: Larry Littlefield http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/comment-page-1/#comment-54097 Larry Littlefield Fri, 25 Jul 2008 16:35:21 +0000 http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/#comment-54097 Like it or not, we're at war. What if we faced an even more threatening national security situation? In WWII, the majority were willing to go along with gasoline rationing to make fuel available for the military. How many Americans would make that same choice today? (How many could?) Like it or not, we're at war. What if we faced an even more threatening national security situation?

In WWII, the majority were willing to go along with gasoline rationing to make fuel available for the military. How many Americans would make that same choice today? (How many could?)

]]> By: Marty Barfowitz http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/comment-page-1/#comment-54096 Marty Barfowitz Fri, 25 Jul 2008 16:34:32 +0000 http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/#comment-54096 Then I guess the 750,000 barrels per day that the Arctic National Wildlife Refuge would produce is also pretty insignificant. Then I guess the 750,000 barrels per day that the Arctic National Wildlife Refuge would produce is also pretty insignificant.

]]> By: Giulio http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/comment-page-1/#comment-54093 Giulio Fri, 25 Jul 2008 16:15:29 +0000 http://www.streetsblog.org/2008/07/25/the-pentagon-burns-395000-barrels-of-oil-per-day/#comment-54093 Since we use 9.5 million barrels for transportation every day that number seems rather insignificant Since we use 9.5 million barrels for transportation every day that number seems rather insignificant

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