Originally Posted by
acl65pilot
They are debating drilling is Alaska again, but the reality is that this would take a few years to get on-line.
Originally Posted by
scambo1
North Dakota is where the oil is, 500 Billion barrels of light sweet crude is what they estimate. To put it in perspective, Saudi Arabia is sitting on 50 Billion barrels.
Problem is that it is shale oil & much harder to get out of the ground & therefore much more costly.
Last edited by johnso29; 03-15-2011 at 07:44 AM.
Reason: Fixed quotes