Bush : Takin Care Of Business

[I steal watermelons]

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According to the "Oil & Gas Journal", North America is a distant second to the middle east as far as reserves of crude oil.

Originally when I read this thread I too thought that we should just tap into our reserves in NA rather than be held financial hostage by the middle east. But, in retrospect, maybe it's better that we deplete the resource of a country that dwarfs our reserve and uses about 1/100th (if that) of the amount of crude oil that we consume. It's funny how the fact can skew an argument.

I use for work for an oil company in northern Canada. What they are really talking about is Heavy Crude tar sand.

There is some 185 billion barrels in northern Alberta verus 220 billion in Saudi Arabia. The problem is that they are limited in the amount of Natural Gas and water they need to turn it into conventional crude oil. It very costly. I think production costs are around 18 dollars a barrell vs saudi light crude which are around 2 dollars a barrell.

The Alaska drilling issue?? Its pretty safe. When the rigs and pipelines move in and move out , its just like camping. Just leave it cleaner than you found it.

The problem isn't oil supply and much as oil prices. Oil companies don't care if they get the oil from Alaska or Iran. If they developed the Alaska oilfields, they would just cut back production somewhere else.

Till the communists are elected in Washington. We are all pretty much fucked.