Re: Oil Soars over 8 percent on Libya's Supply Disruption

[Guest guest]

And this is just one country. Wait until this spreads to Kuwait and Saudi Arabia.

Of course, if the US coast was still open for drilling and if all those rigs weren't heading out to places like Brazil, they'd be doing a great service for the country. But then, if we'd had any sense, we'd have been drilling more anyway and had more production capacity and making use of the time it would give us to find real alternative fuels. I'm sure that if we did a combination "Manhattan Project" and placed high bounties rewards for new technologies things would turn up in a hurry. Good things too. Then it would be a matter of forcing the big corporations to implement them.

That is if the corporations hadn't shipped so much manufacturing overseas and given the Chinese so much of the advanced technology and production methods basically for free.

In a message dated 2/22/2011 5:04:41 P.M. Eastern Standard Time, no_reply writes:

Oil Soars over 8 percent on Libya's Supply Disruption