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To: Kickass Conservative
We are not sitting on top of an ocean of oil but drilling off Florida, ANWR and off the coast of California would reduce our dependence on foreign oil.
8 posted on 02/19/2008 11:45:12 PM PST by trumandogz ("He is erratic. He is hotheaded. He loses his temper and it worries me." Sen Cochran on McCain)
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To: trumandogz
"We are not sitting on top of an ocean of oil . . ."

1998, Brea Oil Field, the oldest producing field in California. I am talking to my neighbor who runs the field. 90 percent of the wells are shut down. He tells me 2/3 of the fields oil is still in the ground. Oil is about $20/barrel. I ask him what price would it take to work over the field and crank up production. His reply? "$28."

The U.S.A. has thousands of plugged wells that could be worked over at $80+/bbl. If it is profitable to get oil from tar sands, there is plenty of domestic petroleum around.

yitbos

10 posted on 02/20/2008 12:42:14 AM PST by bruinbirdman ("Those who control language control minds. - Ayn Rand")
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