[AT] OT Gas prices new all time high :-(

[Mike Sloane]

I don't buy into most of the various "conspiracy theories" that go 
around, but that information was released three years ago. You would 
think that the oil companies would be all over it and supplying domestic 
oil instead of bringing it half way around the world. But if you read 
the follow-on articles, it helps to explain why there are (supposedly) 
problems with extracting Bakken oil. It just seems to me that if it is 
economically feasible to extract oil from the bottom of the Gulf of 
Mexico, the smart folks at Exxon/Mobil can figure out ways to extract 
Bakken oil economically (if they really want to).

<http://www.usgs.gov/faq/index.php?action=show&cat=21>

Mike

On 3/9/2011 1:39 AM, Ralph Goff wrote:
> On 3/8/2011 11:42 PM, Cecil Bearden wrote:
>> Ralph
>> I was sent this link by a friend I have not read it completely, but it tells
>> me that the fuel prices are artifically high....  More politics than
>> anything else...  Enough oil in the US to fuel the US for over a thousand
>> years.  Bush ordered it extracted.
>>
>> http://www.usgs.gov/newsroom/article.asp?ID=1911
>>
>> Cecil in OKla
>>
> Cecil, interesting article and I have no doubt about the prices being
> manipulated. Kind of the same way our canola in the bins changes in
> price according to the markets. Nothing to do with what it cost us to
> produce.
> Recently listening to one of those late night U.S. talk shows they were
> referring to the huge reserves in the Bakken field and that it would not
> be coming out of the ground until the price hit $200 a barrel. About
> double what it is now.
>
> Ralph in Sask.
>
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