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Read this article: http://www.kiplinger.com/businessres...er_080317.html
Why isn't the U.S. drilling in North Dakota? We need to become independent from the Middle East until we manage to move to alternative resources. |
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why didn't we start the day they discovered it?
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Aint but three things in this world thats worth a solitary dime, But old dogs and children and watermelon wine. Tom T. Hall http://www.obamatruth.org/ |
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Just because there is oil doesn't mean companies will start drilling. Companies take factors in to account such as the cost of transporting equipment and workers to the area, the terrain might be make drilling to costly, the demand must justify the high cost, and the cost benefit analysis of drilling in rough terrain. It's risky and quite drilling into hard terrain because you aren't certain that enough oil will be discovered to justify expenses. Computer can only do so much and many time there calculations are off. Right now I think the oil companies are probably waiting for demand to justify the expenses in drilling into rough terrain.
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In the land of the blind, the man with one eye is the king - Nas |
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But I understand what you are saying. However, Canada's shael oil wasn't mined until recently because the cost-benefit wasn't favorable enough until oil started reaching about $50 a barrel. I hardly think land drilling can be that costly compared to deep-sea oil drilling, which has a much higher cost-benefit analysis.
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Do america buy middle east oil now ore what?!! If the middle east are seeling oil to america, then they are stupid, because there iis a bigger market in there backyeard! (europe and asia! |
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It is time to cut relations with the Middle East. We have enough of our own oil but enviromentalist wackos won't let us have it. The Middle East would need Europe and Asia if the U.S. did that. What else to they have to offer except oil and dirt? Once the world moves to alternative energy sources the Middle East will be in a world of hurt and kissing our butts for help.
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