Forum Discussion
LindsayRichards
Jan 28, 2010Explorer
Shale oil was found to have a break even point of $65/bbl. Not too expensive by a long shot. Unfortunately even the testing has been made illegal by congressional mandate. This would solve our energy problem and make us a huge exporter of energy.
“We” as in the United States. The US owns the land at ANWR and sells leases to ht highest bidder. We also own the rights to most of the fossil fuel shown in the link. We use 25% of the world’s oil and ship in huge qualities of oil and refined products. When we open up ANWR (now closed by congressional mandate) and build the 70 mile pipe line to splice into the existing pipeline to Purdo Bay for shipment to the US or elsewhere. The price of oil is controlled by the world supply and the world demand. When we increase the domestic supply, the world supply goes and the price goes down. Worked this way for centuries. Your scenario about the troops is crazy. Oil suppliers sell to oil customers. Most of the suppliers are very cash short and depend on their oil payments for their very existence and to keep the rulers in place.
What is this the third or fourth time you bring up your favorite word? Fungibility The simple fact is that the US is sitting on huge reserves of fossil fuel and the politicians keep us from getting it. If the American ingenuity was set free, we would already be energy independent.
“We” as in the United States. The US owns the land at ANWR and sells leases to ht highest bidder. We also own the rights to most of the fossil fuel shown in the link. We use 25% of the world’s oil and ship in huge qualities of oil and refined products. When we open up ANWR (now closed by congressional mandate) and build the 70 mile pipe line to splice into the existing pipeline to Purdo Bay for shipment to the US or elsewhere. The price of oil is controlled by the world supply and the world demand. When we increase the domestic supply, the world supply goes and the price goes down. Worked this way for centuries. Your scenario about the troops is crazy. Oil suppliers sell to oil customers. Most of the suppliers are very cash short and depend on their oil payments for their very existence and to keep the rulers in place.
What is this the third or fourth time you bring up your favorite word? Fungibility The simple fact is that the US is sitting on huge reserves of fossil fuel and the politicians keep us from getting it. If the American ingenuity was set free, we would already be energy independent.
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