Posted: 2/2/2008 10:48:46 PM EDT
|
A bit of wisdom from my Dad who is new to the interwebs. Me. "Dad, you know that there is 3x more oil in Alaska then in the Middle East." Dad. "Yep." Me. "You did?" Dad. "Thats why we buy all we can from the Saudies." Me. "  "Dad. "We are just going to buy it all up and when it's gone that part of the world will dry up and blow away. Thats what happens when your entire Country is living off of a single export. By the time Alaska is out of oil we will be using nuke plants again, or cold fusion, or solar." Me. "Hmm..." |
This is there problem. They are spending more GDP each year but are already maxed on how much they can pump. Solution. Charge more for the same amount of oil. |
ONLY 12% OF OUR OIL COMES FROM THE MIDDLE EAST IN TOTAL |
|
Yeah, 12%, but that doesn't really matter much because the oil market is global and whatever capacity we hold back has to come from somewhere else. The north sea is basically tapped so now Britain is dependent, europe depends on middle east and Russian fuels, China... I agree there isn't nearly that much oil in Alaska, and we need to drill it soon because the existing pipelines necessary to make ANWR viable have a limited lifespan. |