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| Issue #42 |
Date Added |
Status |
| Should America start drilling for oil? |
Friday 02nd May 2008 12:29:33 AM |
Open |
| Description |
Posted by |
"It may surprise Americans to discover that the United States is the third-largest oil producer, behind Saudi Arabia and Russia. We could be producing more, but Congress has put large areas of potential supply off-limits. These include the Atlantic and Pacific coasts and parts of Alaska and the Gulf of Mexico. By government estimates, these areas may contain 25-30 billion barrels of oil (against about 30 billion of proven U.S. reserves today) and 80 trillion cubic feet or more of natural gas (compared with about 200 tcf of proven reserves)."
Robert Samuelson-
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jfreedman
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