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Old 04-28-2008
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Imperator Imperator is offline
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Member Since: Sep 2006
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Re: Massive Oil Deposit could Increase US reserves by 10x

Quote:
Originally Posted by Andrewl View Post
Well now thats a bit unfair Imperator. I know personally the consequences of the environmental destruction of trying to exploit this category of oil. It is horrendous. The people who would try extract this oil at all costs regardless of the ecological impact are the 'crazy' ones.

Besides, this is not normal conventional oil. It would take decades to get any significant production out of this region. And due to the cost of extraction, it can't have any real impact on oil prices since oil prices would have to stay high in order for it to be worth exploiting this oil in the fist place.

Andrew



thank you Andrew you know sometimes it is a real joy having you here.....

thax for that perfect example....because this is exactly what I am speaking too. because there ya go, ten years ago they were saying we couldn’t drill any further in anwar because we wouldn't see a benefit for 10 years and it probably would not have much of an impact if we did have it…yea well its all cumulative, all those no’s nukes, off shore, and BS about it never being close enough has been a very effective game to get us right where we are, and where they wanted us to be, thinking that the higher expense would create less use……......the old rope a dope. My hats off.
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