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Originally Posted by America first We have tried to work with other countries like mexico, and we have been paying out the butt everytime we do..
you do know that we have the oil right here and in canada,as a matter of fact I have seen a report not too long ago ,they located an oil field in canada that makes the oil fields in the mideast look like a pond...and a coal field in the western states the could last for 100 years or more..
I just don't think we should deal with countries that screw us over.and don't forget, mexico gets sending their troops to escort the drug dealer across our borders.. | When you say that we have tried to work with countries like Mexico; in what circumstances do you refer to? Also; I personally would define this as poor diplomacy on our part. Is this not the fault of our politicians?
As far as the comment on oil; you are very correct. In Canada; there is the ongoing research and application of extracting oil from "oil sands". Here in the United States,we have ongoing research and application into extracting oil from shale. The Green River Valley holds enough shale that by estimate of the Department of Energy, is at least double the proven reserves of Saudi Arabia. The only problem currently is developing a cost-effective method of doing the extraction. With oil prices hovering around $50.00-$55.00 a barrel to import;and an estimated $70.00 to extract and convert from shale; can you see the situation our government is in?
As long as it is cheaper to import the oil; it will be imported. When we can find a way to cost-effectively tap into our own gold mine in the Green River Valley, we can improve ourselves on the diplomatic side . Have no illusions; money does control policy in America.Do you think America can close its borders to Mexico now? Monetarily, no way. Luckily we have no real gripe with Canada- our number one oil exporter.
This was why President Bush signed a bill that authorized the exploration and possibly drilling for oil in the Great Lakes. I know this was a sore spot with many voters; but look at the monetary implications.
By the way the address that I promised in the earlier post for a list of our top oil exporters is: www.eia. doe. gov. It will show you that in October of 2006; Mexico was our Number 2 exporter of oil.This has diplomatic leverage- whether we like it or not.
I'm glad you brought up the point of the alternative oil sources. I have been doing some research into two companies that are involved in these ventures: In Canada- Alberta Oil Sands . In America- Unocal. Should I feel the information is favorable; I will instruct my investment broker to purchase stock in these companies.
Last edited by nuttyjoe; 01-29-2007 at 11:09 AM.
Reason: correction needed
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