Rheagl profile image 75

Why is America sitting on some of the largest oil reserves in the world until they become worthless?


Why, with America sitting on some of the largest petroleum reserves in the world, is the strategy to sit on them until it is worthless? Oil IS a finite resource, but while we are developing and refining a financially viable alternative, why aren't we producing and selling TO the rest of the world instead of being dependent? Couldn't we just remove the red-tape and restrictions that prohibit development? All it would do is put hundreds of thousands of people to work, generate billions of tax dollars to reduce the deficit and totally revitalize the economy. What is wrong with that?

 

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