Quote:
Originally Posted by Captain Awesome
Now that we have figured out how to get the oil out of tar sands and out of shale, it can't be that hard to extract it from the red-tape. Once we do that, there will be plenty for everyone and gas will be cheap.
Also, the economy will right itself, and we will have a big public works project to build oil powered earth cooling fans to placate the climatist preists.
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You must be reading different articles and journals.
Tar sands requires extra processing steps to get oil and is for that reason more expensive.
Shale requires even more processing and has yet to be done in a true commercial process and has the extra step of getting the environmentalists to ok strip mining the Rocky Mountains increasing cost even more.
And lastly it is a commodity. Simply because we have it doesn't make it cheaper. It will be subject to global pricing and as Chinese demand goes up so will the price regardless of where it is made. It would be like saying gold mined in the US could be purchased at a lower price.
But I hope your optimism works out for is. Global econics suggest otherwise.