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Originally Posted by MDimitri
Yea, I heard about this discovery a while back when there was alot of talk about the offshore reserves and work going on over the last 4 years to research it's potential. Good to hear that the US will reduce it's dependance on the east. Here in Alberta we are currently working on opening two more refineries along with the 4 in the USA that are being currently converted over to better handle our heavy crude. I know that Syncrude is working on a massive upgrade project that would greatly assist in refining bitumane and heavy crude. Projects along with drilling and surveying of Northern BC and Saskatchewan are showing tremendous reserves.
I think that if there was anyway possible that we on the Western hemisphere could look at setting up our own oil prices based on the fact there is very very little volatility here and that our supply chains would be stable for centuries to come, this would greatly aid in stabalizing oil prices and get our economies moving in the direction of prosperity as opposed to the ever forboding depression we are heading in.
My Thoughts..
Cheers!
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Oil in the hands of a civilized society. That's the way it should be.
