Quote:
Originally Posted by pawoSD
They say even if they went ahead with drilling it would be nearly 8-10 years before any of that oil even reached market. It would not affect prices at all.
Also, there's not THAT much oil there. It may sound like a lot....but I read somewhere that based on current US consumption, we'd suck it dry in less than a year if we soley used it as our fuel source. (which is impossible)
We really do need $6-7 fuel, so the majority of guzzler vehicles are removed from the roads.
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And if we drilled 10 years ago, that would be about when? Now?
Same experts that tell us a well is dry because they predicted it would cost too much to extract oil and then years later, lo and behold, oil comes forth again. We have predicted the end of oil since before the first oil well was dug. All it really means is that at TODAY's prices with TODAY's technology it is not economical to pump it out. Nothing about TOMORROW is ever said since we cannot predict