DWCAP, no offense taken. It’s all fun and game. I totally agree about people not seeing beyond the things that are right in front of their face. They don’t see that oil are being used in many different things other than just fueling automobiles. Besides being the materials to make things, since the economy is global now, oil/gas are needed even more to transport things. Such as the “green” Prius people are craving after. They don’t know that the materials for the batteries are mined in Canada, then shipped to China to assemble into battery, then ship to Japan to put into Prius, then ship to US to sell. The cost and pollution cause during the shipping process are not seen by the regular users.
Base on what I’ve heard, oil shale is only profitable when oil price is over $100/barrel. So, if oil price stay where they are now or get higher, we might see more exploration of oil shale in Canada. But last I heard, even oil shale exploration here in the US are banned. So I don’t see any new oil coming out of US anytime soon. Also, last I heard, about 30% of the oil rigs in the gulf of Mexico are moving to other part of the world where profit are higher. That’s the the kind of trend we want but that’s what we’re experiencing.
