I know, but it isn’t immediately available, now is it?
We have a vast amount of oil and natural gas IN THE GROUND. That isn’t much help if your gas tank is empty.
We have a vast amount of oil and natural gas IN THE GROUND. That isn’t much help if your gas tank is empty.
From what I understand, there is a decent percentage about 4 years out (we just need to remove all the regulatory stuff hampering drilling and production), enough to send oil down appreciably. Within 10 years, there is enough so we are only importing from Canada and Mexico. When Mexico retakes Callipornia, they will probably open up the coastline to drilling. From all I understand, there are probably Saudi type fields off Callipornia.