Quote:
Originally Posted by TexasWSP
Nobody is looking at this as something that will be responsible for solving the problem. It's something that can and will help out. We will always have a dependence on oil so long as there are no viable alternatives. Thankfully, those are heavily in the works. In the meantime, being able to produce more domestic oil will alleviate some stress for many and absolutely alleviate some of our dependance on foreign crude. Lucky for us, this "temporary solution" is one that could be effective for many, many decades.
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Even if they started "exploring" tomorrow, it would take anywhere from 3-5 YEARS for that to affect prices.
And even if this is something that does provide a solution for a few decades, what about after that? And what about the other ramifications this causes?
Considering you have told us on more than one occasion that you are in the oil industry, that doesn't exactly make you an unbiased person.... how much was it Exxon made in profits last year? 92-Billionish?
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