Quote:
Originally Posted by Rev
Starting with your own. Right? 
Times have changed. 
You are right about the time it takes to even start to bring a new field online. And, once you talk about very remote areas, it can take much longer as a means of getting the oil out also has to be constructed.
By the way, I believe US consumption is about 20 million barrels a day. 81 million is the total world daily usage.
One area that needs a big push is oil shale. There are huge reserves of oil shale in North America, but the technology to get the oil out economically is lacking (prices were not high enough until recently to make it potentially profitable, so there has not been a lot of investment in research). This area has HUGE potential.  |
Yep - your right - my bad, I had two different pages open and caught the 81M....
still - 500,000 to 20M is only 1/40th..... I don't expect that even that would help us...
Ed
