Friday, August 10, 2012

The Cost of Oil

Here's an interesting tidbit:

Shell has been planning to explore the Arctic for seven years and has spent more than $4 billion on leases, permits, and studies to reap an estimated 20 billion barrels of oil.

That tells me that Shell spent 20 cents/bbl just on pre-drilling faddletwatter. 

The rest of the article is not "news."  It describes the Obozoites' methods of delaying the project.

1 comment:

Billiam said...

In this case, the repubs hands are dirty as well. They did little under Bush when the had the opportunity. Seems they want us using poop for fuel since they value trees and critters above human life.