Posted AT 6:00 AM EDT on 16/05/08
Big Oil firms aren't the bandits here
Q
uestion: Is the U.S. quickly running out of oil?
Answer: Not really. The U.S. possesses enormous oil reserves. It prefers, for environmental reasons, not to market them. Peter Robertson, vice-chairman of Chevron, told U.S. columnist Cal Thomas the other day that the U.S. has plenty of oil but noted: “Eighty-five per cent of [U.S.] offshore oil is off limits.
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