10tacle...
Sitting on your own oil is not a bad idea.
Right now humans are using more oil than we are producing, at our current pace we will see HUGE oil price increases in the next couple years due to this fact. The big oil companies have reduced exploration something like 60% because the massive oil finds have pretty much been located already, unless there in some horrifically difficult place like the middle of an ocean.
I live in Canada, Alberta to be specific and we are Oil driven here. We are the richest Canadian province and guess what? Exxon bought a majority share into our Oil. Fucken Canadian Government, I still can’t believe they sold!! So you also have our oil….Sorta.
Imagine for a moment ten years from now, the world’s oil is CRAZY expensive and USA decides to tap into your own resources for personal use only… What is the oil worth then?
I think USA is smart to not drill that oil, Just yet. Although, I bet it could bail you out of the economic crisis. MEGA high paying jobs to be had in the oil patch.