Why The US Cannot Extract Most Of Its Oil Reserves


People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop blocking development. In fact, in a recent debate between Republican candidates contending for Gabrielle Giffords' recently vacated House seat, one candidate declared "We have more oil in this country than in Saudi Arabia." So, I thought it might be a good idea to elaborate a bit on U.S. oil resources. Oil production has been increasing…

Read more...

More from Commodities

What Drives Commodity Volatility?

What Drives Commodity Volatility?

Expect a Dovish Fed and Bullish Gold Response in 2019

Expect a Dovish Fed and Bullish Gold Response in 2019

China's Weak Data Could Not Come at a Worse Time

China's Weak Data Could Not Come at a Worse Time

Trader's Edge: Gold Futures vs Gold ETFs and OTC Markets

Trader's Edge: Gold Futures vs Gold ETFs and OTC Markets

Jim Cramer: This May Be an Inflection Point for Banks and Oils

Jim Cramer: This May Be an Inflection Point for Banks and Oils