Trajan
conscientia mille testes
There is simply not enough oil in America to affect the price of oil much. There is a ton of oil trapped in shale, but we don't have the technology to get at it, yet. We should drill in ANWR, but this dipshit who used to be at Shell saying there are massive amounts of oil on federal land that is off-limits is full of shit. Or at least that's what everyone whom I talk to in the oil industry tells me. And after seeing what happened here in Florida off the Gulf, fuck offshore drilling in Florida.
I have to disagree, the instances of offshore crashing the coast are statistically insignificant you know that Toro, hey when it happens is blows but......it just doesn't happen often.
I have a colleague who is pretty well versed in oil opportunity and depletion, he told me last year that if we went ahead and opened the OCS, even 40% ala east and west we could drop the price by a buck and a half in 5 years and there after for while, as in 10 years or so, depending upon how opec reacts.