Quote:
Originally Posted by Bill8
There are a lot of errors in your other writing, characteristic errors like thinking that oil produced in teh US can be used by the US, when in reality it will be sold into the planetary market - and the constant confusion about what the government allows and doesnt allow, and why - but lets look at this claim that we are "ignoring finds".
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Good thing you're here to set me straight.
I already said over and over and over...that if we can start producing a substantial amount of oil into the world market and convert our vehicles to natural gas then OPEC will be marginalized.
I also very plainly said that there is only one way to find out.
Dude....give it a rest. You don't know any more than I do. We are outsiders trying to use the info we can find to make assessments of what we think should happen.
I'm saying: "Let's do something and see if it works."
You seem to be implying that there is nothing that can be done but to wait until solar and wind power can take the place of fossil fuels.
I'm saying straight out....Technology has moved forward and the oil companies are now able to "see" giant oil reserves that they didn't know about before.
Under current conditions, if they started getting that oil it would add more oil to the world supply. IF it were enough to offset any cut in production by OPEC then OPEC is marginalized and would be forced to either lower prices and produce more...or be financially ruined.
That's my scenario IF the reports that have been released are correct and IF the U.S. govt. will open up the lands for drilling.
That will create high paying jobs and also will create tons of service industry and goods to supply the new workers.
If you have a better idea...let's hear it!
This is my idea to bring our economy back to life. What's yours?