NEO
Eat at Joe's
- Joined
- Sep 14, 2009
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So from what I understand of your viewpoint, because there's not really as much oil there as people want to believe then it shouldn't be touched?
There is 26 billion proven. That is proven with all the regulation already which has not allowed us to test the area correctly. Even the EIA states that by 2025 it could provide 900K per day to the US. WE currently use 1.2-1.4 per day. That is quite a cut into outside oil usage even if the projections are correct.
And most speculators believe there is way way more up there than that.