fawk fuel companies

[redx]

Originally Posted by SimpleS14

There is really no definite solution to this....

Along the lines of what WagDatto mentioned...if say...the entire US becomes less dependent on foreign oil the price is still going to be high (in fact skyrocket). I only say this because there are booming economies in the two most populated countries, India and China. There demand alone in the future will insure prices stay high on a global scale.

In regards to the fuel companies, I actually like Shell. Not because of their stations, but because of the extensive R&D they have put into oil shales. There's tons of it in the US and they are close to extract barrels of oil at prices roughly $30 a barrel (at today's time). Of course we won't see any benefits for another say 10-20 years, but its still good news as dependence on foreign fuels can decrease. I just think its odd that the land with all these oil shales are owned by the federal government. It's as if they saw a time when the land would be needed and probably bring wealth to the nation.

You do know that it costs $10 to make a single barrel of synthetic crude. Its not cost effective to use oilshale, and more investment in oilsands.