Quote Originally Posted by More Power View Post
There have been conflicting reports about whether AK crude gets exported to Asia. I read that the oil companies do sell some of it to Asia, and consider it a trade for the oil they import from the bad guys, where it is delivered to the East coast.

I wonder what it costs to extract AK oil and what they sell it for... In my opinion, no U.S. oil should be exported.

Back in the early 80's, it was reported that Saudi Arabia's cost of extraction was $4/barrel. When world market price soared at that time, it reached the high $30's/barrel. When Reagan began promoting and lobbying for a major coal/oil gasification program, OPEC dropped oil to a world market price of $9/barrel to prevent the U.S. from economically converting coal.

The U.S. could do it again. Only this time, follow through, and create energy independence...
Jim
But we would need someone in office who actually had a pair.