08-01-2008, 07:13 AM
"How much oil is out there? According to the Department of the Interior, these restricted deepwater areas contain 19 billion barrels of oil, about 30 years' worth of imports from Saudi Arabia. And these initial energy estimates have a track record for being low." -http://www.foxnews.com/story/0,2933,380922,00.html
The point isn't to be completely self-reliant. The point is to show foreign oil companies that we don't rely solely on them either. So even if we cut our foreign oil purchasing in half, we would have 60 years worth of negotiation before oil runs out in that one specific area. Within a few years the foreign oil companies would go broke not getting American business and eventually come to their senses.
QFT...
The point isn't to be completely self-reliant. The point is to show foreign oil companies that we don't rely solely on them either. So even if we cut our foreign oil purchasing in half, we would have 60 years worth of negotiation before oil runs out in that one specific area. Within a few years the foreign oil companies would go broke not getting American business and eventually come to their senses.
potthole Wrote:...Crap, there goes my personal vow to not get involved with any further political topics.
QFT...
That's what she said.