LindsayRichards wrote:
...Shale oil in three Western states contains more oil that the world has used since the industrial revolution began. It is held political prisoner.
Shale oil is too expensive. It's not a political prisoner, it's an economics prisoner.
When we start ANWR, we can ship it right down to our refineries and stop buying that much foreign oil. No treaty stops this.
Who do you mean by "we"?
The USA owns and operates NO oil companies. Oil companies are totally international, and about 60% of the ownership of oil companies is foreign. Do you propose that "we" just commandeer the oil? That we send troops into the offices and force the oil to go to the USA? That's what some socialist countries have done. And what happened? The international oil operators simply divert the same amount of international oil away from those commie bastards that they would normally have gotten from the international pool.
Do you get it? That's the consequence of oil fungibility.
And, ironically, the international oil system that exists was setup BY THE USA! We did it so that we could use foreign oil while reserving our own. Had the USA NOT done that we would have used our native resources up decades ago and we would now be beggars in the oil markets.
