posted on Dec, 2 2008 @ 10:08 AM
reply to post by FlyersFan
Why aren't we drilling for more oil domestically? Very simply, the world is awash in petroleum. If there was any more on the market, the price might
actually drop to $10 a barrel. And we all know the handful of major oil companies can't allow that. And the major oil companies - particularly Dutch
Shell and British Petroleum - are not even American owned.
And yes, there is the argument that we should conserve our domestic reserve by buying foreign oil which is still cheaper to buy than the costs of new
drilling. Of course, this puts us at the mercy of foreign oil. Most of the oil wells in Texas, for example, are capped. They are described as depleted
but all this means is that it costs more to pump up the sludge than it does to buy from foreign sources. With innovative secondary recovery technology
currently available, all these wells could be pumping at increased capacity, but again, that would put more oil on the market and drive down the
You are correct in that most of the oil business is designed to suck money out of the USA and place it overseas where the majors don't have to pay
taxes on it. Most of the gasoline production today is in the Caribbean. But the environment is a whole other subject -- we are choking ourselves to
death on carbon dioxide. We truly need to divest ourselves of the oil habit. And there are alternative fuels available. Please see the Chapters on
"Is the Supply of Oil Peaking?" and "Is Free/Alternative Energy Being Kept From the Public?" in my new book Above Top Secret.
So the real reasons for no domestic production of oil are (1) to continue to drag down the US economy so as to create the New World Order, (2) to soak
as much profit from petrochemicals as possible before new energy sources come on line, (3) to maintain the high cost of gasoline and petroleum-derived
products as long as possible for maximum profit and (4) to maintain the power base for the globalists' monopoly over energy.