Quote:
Originally Posted by onwebcam
Dude what rock do you live under? It's common knowledge these oill companies have been sitting on untapped oil leases since they made the deal with the Saudi's back in the 70s.
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Oh they're sitting on leases, there is still lots of oil left to drill in the US.. It's just not "enough oil on US soil to provide us with it for the unforeseen future?" There is a big difference. If you think sitting on leases is the same as being able to pop the cork open on a couple of wells in 6 months and oil will be flowing for the next 30 years you're wrong. Also if you're talking oil shale you're also not aware of the actual situation as it comes to bringing it to market.