Where is all the OIL?
I remeber reading Atlas Shrugged and getting to the part about Ellis Wyatt and his "new methods" of reclaiming oil from shale ... by the trainload. And I came across an article from the U.S. Geological Service which claims there's a lot of oil out west. Where is the OIL?
Here's the link to the USGS article on the Bakken.
Here's a quick link on Wikipedia to the Bakken.
And the recent Deep Gulf oil discoveries.
There's lots of oil out there ... if it all were to come online, the price would drop quite a bit, so look for the dribbles to continue! Look for the environmental movement to find some prairie rat or something to stop drilling in Montana/North Dakota like near-offshore. We could be self-sufficient, but instead we're funding our enemies for the perpetual war we've involved ourselves in around the globe.
Ayn Rand was insightful and correct in so many ways. Life imitates art.
So OIL is today at $82 per barrel.
Known as Ayn Rand stamp collector nzsvz9