The US has enough know oil reserves to supply ALL of our domestic needs. The problem over that past twenty years has been that overly restrictive environmental laws in the US that have reduced our ability to obtain those reserves at a price that is competitive with the mid east crude, hence we import half of our crude. In fact we have been importing refined produces as well, because of the high cost of refining in the US and our inability under those laws to build new refineries. Blame the politicians that are afraid of the environuts. The good thing is we will have oil in the future, when the cheaper crude supplies are gone, but by then we will probably be using much more expensive hydrogen to power our vehicles.
mike hunt
Childfree Scott wrote:
> I don't blame OPEC for wanting to get the most money possible. Would
> you do any different? The real problem is that over the last 50 years
> the US population has doubled. If that hadn't happenned then we'd be
> self sufficient in oil (or very close to it). So basically as long as
> we continute to reproduce like there is no tommorrow, there will be
> continual shortages of fuel and other commodities resulting in much
> higher prices. Don't take it out on OPEC, blame the parents and
> politicians who let too many people into the US.