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America could become the worlds largest oil producer

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Old 04-05-2008, 12:53 PM   #1
The Goat
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Re: America could become the worlds largest oil producer

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Originally Posted by Hail2theskins View Post
Very Very Very damaging to the environment harvesting Oil Shale. Also waaaaaaaaaaaaaaaay to expensive to legitimately consider it a viable resource because of two major factors. 1 refining shale into crude or usuable oil is a very expensive processs and 2 due to the regulations this country has in place now that if strip mine anything you have to replace to close to 80 % of its former habitat just make oil shale really an afterthought. I do believe the US could become the largest oil producer once we perfect deep offshore drilling, Theres pockets of Oil in the gulf that would make a middle eastern gusher look like some podunk oil farm in texas.
That's exactly what I've read in a lot of publications. I don't know whether Canada is finding a way to do this very well but we could just wait and see. The offshore drilling is interesting too. I've read quite a few places that geologists discovered the largest deposit on earth off the coast of Brazil, which means it can be tapped. Brazil could be the worlds largest producer in another decade. I've heard similar things about deposits in the Gulf but I also think it is very risky there because of the tropical storms. Not sure if it would be a sound investment.
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