Quote Originally Posted by kexodusc
I'm analyst for pipelines and utilities for our portfolio - all the companies I've visited agree nobody knows how much oil there is for certain, but the estimates I've heard put all of Alaska's oil at somewhere between enough for 5-12 years of fueling the USA. The problem being a sizeable portion is not recoverable. 200 years is a stretch of astrnomical proportions - think about it - that's more oil than the entire world has consumed so far. Ridiculous.



My son just returned from a visit to Central Europe where he had an oppurtunity to go to OPEC headquarters in Vienna. His group heard a speech from an OPEC rep then they were allowed to ask questions. My son asked if OPEC funded research for alternative fuel sources. The rep went into a rant about the US ceasing oil drilling and production in Alaska because the US was going to wait until the world's supply was spent then the US could control the distribution and price of oil. Interesting perspective, eh?