On Jul 23, 5:45 pm, "Feces bomb Throwing Democrap Protester" <Feces
eating & throwing Democrap @[EMAIL PROTECTED]
democrap.org> wrote:
> Arctic May Hold 90 Billion Barrels of Oil, U.S. Says (Update2)
>
> By Joe Carroll
>
> July 23 (Bloomberg) -- The Arctic may hold 90 billion barrels of oil,
more
> than all the known reserves of Nigeria, Kazakhstan and Mexico combined,
and
> enough to supply U.S. demand for 12 years, the U.S. Geological Survey
said.
If we drilled there, we would not get the oil. It would belong to the
companies who paid the lease, and it would be sold on the open market,
as is all other oil, except for our strategic reserves. The
unexploited oil in the US amounts to about 1.2% of all the known world
reserves. What would happen to the price of oil if we started
producing our untapped reserves? Almost nothing, based on supply and
demand.
Tarty
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