posted on May, 28 2008 @ 05:08 AM
It's more complex than that. Compared to a lot of countries, America is getting real cheap gas. Americans are complaining about the price, but if
they knew the prices in Europe, they would flip. The U.S. has it easy, honestly. I'm sure that sectors will open up in numerous countries for
drilling, once the price of oil hits certain numbers. At the moment, we're gonna suck out the oil from the middle east. Once that starts becoming
difficult to find or obtain, then we'll see other areas open up. Long term, there's no point using up your reserves at $200 a barrel, when in 50
years it might be $1600 a barrel. Same goes for coal etc. Britain shut down it's coal industry because it was a comparative price to import. Sucked
for anyone that was a miner, but in 80 years time, Britain will still have strong reserves, and be able to either use it for herself, or export at 10
times the price.