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Old 04-28-2008
Americano Americano is offline
Secretary of State

 
Member Since: Feb 2007
Location: Southern Oregon
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Re: Massive Oil Deposit could Increase US reserves by 10x

Quote:
Originally Posted by Imperator View Post
well, if I recall they said as long as oil was north of $40. it makes sense, unless you know something I don't, I am not sure we'll see even $70 oil for quite a long while.....
Not unless it's sold in curio containers on a charm bracelet after it's no longer in demand.

The point being, as White Rabbit posted, you'd need 50 or so of those fields to have any impact on meeting current rates of consumption, more based on future consumption forecasts. It's simply not a significant number.
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