Quote Originally Posted by ChunkyMonkey View Post
Yeah, the US will produce 19 million barrel per day. We will be a net importer for long time, and as long as we are importing, who would be a better business partner than Canada or Mexico? You are supposed to be good at math, mr. accountant
Good point, and it's all based on the price of oil. It has to stay above $75 a barrel, apparently, to make US oil drilling economically feasible. Once it falls below that, cheap Mideast oil is our best bet. What's better for America, producing more of the imports we need at $75+ with the resulting higher gas prices but higher employment, or importing cheap oil with cheaper gas but producing less ourselves with loss of oil industry jobs?

Also, is anyone still willing to have a dilbit pipeline run across their back yard now?