posted by Chris @ 10/18/2005 02:45:00 PM  
Burn Baby Burn

The United States has had more than its fair share of troubles in the Middle East, including the current Iraq situation, and it's all mainly due to one thing - oil. The Middle East has lots of oil, and the United States needs it!

But if the U.S. didn't need oil from the Middle East, we wouldn't have a strategic interest in the area, and we could let the various factions burn the entire region to the ground. Not another U.S. soldier would have to die for Mideast oil.

Now, I don't actually want to see the region burn to the ground. Hopefully, one day, the peoples of the Middle East can turn from their violent ways and end the bloodshed. But if it does burn, it burns - no skin off our back when we have our own oil secure in a highly-defensible area.

According to The Wall Street Journal (October 8-9, 2005 Issue), Alberta, Canada "theoretically could produce about 1.7 trillion to 2.5 trillion barrels of oil from its 54,000 square miles of oil-sands deposits - making it second to Saudi Arabia in oil reserves. If oil prices remain above $30 a barrel, oil-sands production would be profitable. There are also an estimated 800 billion barrels of oil contained in oil-shale deposits in Colorado, Utah and Wyoming. That is more than triple the proven oil reserves of Saudi Arabia. Analysts say that crude-oil prices would have to rise to somewhere around $70 a barrel to make extraction financially viable."

What are we waiting for? In fact, we better hurry. Canada has warned the Bush administration that massive oil reserves in Alberta could be exported to China if the U.S. government refuses to climb down in a trade dispute over Canadian timber exports to the U.S.

There could be more, much more!? Eden Energy Corp. believes there could be Saudi Arabia-sized oil fields in Nevada and Utah.

Also see:
- What weighs 800 pounds and sits just north of Montana?

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