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To: Slapshot68
There is no way new resources, assuming they’re found in great quantities, could get to market quickly enough to supply our ever increasing demand.

Especially if we keep preventing exploration and drilling and production. Whenever they get to market they will help supply. The old argument of "well it wouldn't be of any help for at least 'x' number of years" should NEVER be accepted as a reason to reject a solution. If billy jeff hadn't vetoed the 1994 legislation opening up ANWR, Alaskan oil reserves could have been supplying most of our domestic oil demand needs in 2004.

41 posted on 11/07/2007 11:27:36 AM PST by VRWCmember (Fred Thompson 2008! Taking America Back for Conservatives!)
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To: VRWCmember

This short sightedness extends to private enterprise as well.

It costs $15/bbl to bring oil to market in America and only $5/bbl for the Saudis to do it.

Would you bet billions of dollars to do the exploration and build the infrastructure over a ten year period, counting on being able to sell oil at $100/bbl ? Or would you fear that the Saudis would turn on the spigot before you could ever make back your capital investment ?

The OPEC countries have brilliantly manipulated the market. Their low cost compared to non-OPEC countries very effectively limits investment and expansion of oil development in the non-OPEC countries.


55 posted on 11/07/2007 1:54:35 PM PST by Kellis91789 (Liberals aren't atheists. They worship government -- including human sacrifices.)
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