If this is all true, why when there is a problem in the Middle East the price of oil sky rockets? If supply increases don't lower prices, why not just eliminate all oil imports & eliminate the gas tax? After all the Moron who wrote this article said that our own oil supply, now proved to be as substantial as Saudi Arabia or more, has NO EFFECT on price OR revenue from gas taxes.
Absolute Financial and Economic Sub-Moronic Idiots.
4 posted on 08/19/2012 9:50:16 AM PDT by Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
That is correct. This story is nonsensical. There are about 5000 wells in the Bakken and they cost 6 to 12 millions a pop. They are doing 240 wells a month - will do 40,000. Do the math.
39 posted on 08/19/2012 4:38:52 PM PDT by Titus-Maximus
(Light from Light)