Re: Improving Gas Mileage
I'd been led to understand that drilling shale oil was too expensive for whoever to make a profit, that it would cost in today's prices about $120/barrel to get it out. Of course, with non-shale oil fast approaching this price per barrel, I'm sure that suddenly drilling shale oil (which Canada has a huge quantity of, I believe) will look more appealing. If I were a betting person, I'd bet that many oil wells that have been left fallow (so to speak) because it would cost more to extract the last remaining oil in them will suddenly be tapped. And I don't know about the Atlantic, but I thought there is oil drilling in Alaska and the Gulf of Mexico. No?
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