Sierra Club and ecofreaks who make big owl stories to stop progress.
Idiot congressmen that listen to the above.
There is 36 Billion barrels of oil in Colorado Utah that is untouched.
There is shortage of refineries and plentiful idiots.
With a Rep congress and Slick Willie at the helm, the laws were changed to allow unbridled speculation on oil. We’re seeing the result. At least 25% of every dollar is speculation. Actual demand is well below the current price.
Try closer to 1.3 trillion bbls, which is the fig my friends at Shell are throwing around, unofficially of course. Figure 5-year startup with the in situ and microwave processes.
That's 5 years AFTER all the pols and enviromorons shut up and get out of the way. The only way that this latter event occurs is if the electorate make it too hot for the pols to keep sitting on their thumbs.
You tell me: when will that occur? $200/bbl? $300?
The politicians have absolutely no intention of letting US resources be developed unless and until they are forced to do so.
Happy thought, that, eh?