Oil exporting countries are in a unique position to benefit from world demand for petroleum products; Proven crude oil reserves around the globe are estimated at more than one trillion barrels.
DonMills: even if they let you drill the price per barrel will limit the ability to sustain your standard of living and the society you have been accustomed to
The Kardashians only make sense under $120USD/bbl
assuming USD is at current levels....
I'm waiting for Government Motors to come out with the solar powered car.
JSuburbia: Anwar, coastlines, plenty of places to put that big needle
That vast wasteland of Anwar is the place to go. If you ever see the real pictures of it there's not much of anything there. I think environmentalist should have to spend a winter up there on vacation.
I've heard several commentators on tv say that the area is equivelent to a square foot on a football field.
Chocobloc: Oil exporting countries are in a unique position to benefit from world demand for petroleum products; Proven crude oil reserves around the globe are estimated at more than one trillion barrels.
Chocobloc: Oil exporting countries are in a unique position to benefit from world demand for petroleum products; Proven crude oil reserves around the globe are estimated at more than one trillion barrels.
It seems to me I read somewhere that Russia had found a huge oilfield offshore in the north somewhere. Hard to exploit but huge.
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The Country that tops the list in Oil Reserves/Oil Production....(Vote Below)