kabud
2008-09-09 18:58:20
i have to make a correction:
USA and Canadian oil reserves may actually last little longer then 20 years
it will depend on several factors including
exports from other oil producers
consumption patterns
alternative solutions like alcohols
But anyway, Exxon stated recently that for them it is not an option to invest in any new infrastructure or even drilling: it is not a good idea economically
It may turn out to be a next financial BUBBLE :
this DRILLING legend:
`they` will drill and federal government will pay the bill
So we will have even more socialism in USA
Much more then with housing now.
