Quote:
Originally Posted by Jesus H Christ
It won't be long before the rest of the world realizes that Americans are sitting on $20 trillion in oil. The prices will get so bad that it might not be a bad idea for us to drill and serve the rest of the worlds energy needs. Oh wait: http://www.nytimes.com/2008/06/19/wo...19iraq.html?hp
WAKE UP! ..you've been played! |
Are you refering to the Iraq oil? I doubt USA will see much proffits from that, not only does the money go to Iraq but also will be very difficult to maintain the production without various kind of attacks on the infrastructure.
If you are referring to the US oil reserves in north dakota, did you notice it will take 5 years before it is in full production mode? I'm wondering where the oil prices will go in the meantime, many of the news about it seems to be rather and does not really seem to have a big impact on the price today