A step toward energy independence

3.9 million acres of Alaskan land have been opened in a bid to counter rising petroleum prices.

The Bureau of Land Management says the land requires no further approvals and will be available for lease this fall.

The land could yield as much as 3.7 billion barrels of oil, and could start producing by 2010.
 
Energy independence is not going to come about by finding more oil.

China can outbid us on the oil. Surely, indisputable, you don't expect the oil companies to take lower profits just to help the consumers in the USA?
 
Energy independence is not going to come about by finding more oil.

China can outbid us on the oil. Surely, indisputable, you don't expect the oil companies to take lower profits just to help the consumers in the USA?

That's a point I've been making over and over again. Can't blame the oil companies for that. It's not their responsibility to make our nation energy independent. Their job is to make profits for their company.
 
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