>kabud- I have worked on drilling rigs but wouldn’t want to invest in one.
But you call for drilling. You should not. because you push a WRONG agenda and taxpayers will have to cover this at the end. So: DONT.
>Way to much risk. lol Fact is we can’t produce oil as cheap as the >mid-east.That puts our oil companies at a big risk.
Of course. Even at the simple economic level it is so straight forward. But there is more to it: geopolitics. REAL COST OF OIL includes OUR MILITARY BUDGET and FUTURE COLOSSAL loss of lifes and cost of property destruction
that KREMLIN NUCLEAR AND BIOLOGICAL ATTACK will bring to USA.
We use oil at 20 mil bar a day - THEIR OIL RESERVES GAIN in value as something SO NEEDED in the west:
-they sell OIL and N-GAS or
-use their reserves as a financial leverage
to acquire resourses and increase their nuclear and bioweapon potential. They already have 20 time MORE nukes then we do!!!!
>My point is if we didn’t import oil it would be a lot more expensive but >would be worth the extra cost to keep that money here instead of funding >our enemies.
We fund our enemies by USING oil. We can use methanol. methanol program was working in California in 80s-90s. 20000 methanol cars were build. Bush senior was promoting it. OPEC and Kremlin realized the danger and lowered oil price. Methanol project died. WE ARE NEXT TO DIE. YOU AND ME. AND OUR DEAR RELATIVES. Got to become serious man.
>Don’t believe all you hear about oil reserves. There is alot more oil here >than people think but it is very expensive to locate.
Does not matter. WAR matters. We use oil- OPEC and Russia increase their assets value.
>A 3000ft oil well can be put on pump in less than a month. I don’t quite >buy the argument that it would take 20 years for drilling to make a >difference.
BUT YOU DON’T INVEST IN IT. BECAUSE YOU GUT FEELING IS RIGHT: oil is your death