Wednesday, June 18, 2008

UNTAPPED U.S. OIL + Gas Reserves

A couple of interesting charts showing some of the Price and Supply dynamics of Crude Oil:

* PRICE --> Check out the below graph depicting CRUDE OIL's 'bubblicious' spike since the beginning of 2008:

----------------------------------------------------------------------------

* SUPPLY --> The below graph is a snapshot showing 2007's drop in oil exports amidst historically high 2007 crude prices...partially demonstrates my belief that oil is a long term SUPPLY problem/concern (you'd think with prices so high exporters would be churning out max supply...maybe they are churning out max supply and that STILL isn't enough to meet rising WW demand):

*Lastly, speaking of SUPPLY, check out the below U.S. map showing WHERE the country has their largest 'potential' undeveloped (non-drilled) Reserves of Crude OIL + Natural Gas:


Data Courtesy: EIA + Barchart.com + U.S. Geological Survey