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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (392116)6/18/2008 4:33:07 PM
From: i-node  Read Replies (3) of 1578287
 

No, we don't. We don't even have meager untapped reserves.

It is generally agreed that we have an estimated 2 TRILLION bbls worth of oil shale (a ton of rock makes a bbl of oil) -- which is expensive to mine, but may well be economically feasible at this point. Plus, among the Atlantic Outer Shelf, the Gulf, Pacific & Alaska OCS, Alaska & lower 48 onshore, we have an estimated 100 Billion bbs.

In 1982, when oil was at $10, Exxon decided to shut down its oil shale project.

That's more oil than the rest of the world. Combined.

It is a matter of getting the government out of the way and allowing it to be produced.
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