The figure I've always heard was ten years between discovery and full production. I'll have to look into that. It's at least that long, at optimal speed, for mineral deposits. But you've got governmental delays, distance to market, drilling infrastructure, etc...
Explore now. Define reserves. Put all the pieces in place, then wait. It's Fort Knox! If world supply becomes destablized, then use it. Why buy oil to put in old salt mines as a stratigic reserve when we had a pristine reserve?
It's getting your chess pieces in place. The Art of War speaks of using your opponent's resources first.
It is sad that nations-religions-races have to resort to this kind of stratigy, no?
Oh, the same sort of geologic setting exists along the entire coast of Siberia.
Would global climate change allow for the use of tankers along the entire artic coast for many months of the year? Or on year-round ice?
Current Events » in reply to Drill now.
explore now, produce later
The whole thread (32 posts)
- Motorists Chafing Under a Steady Rise in Gas Prices . . .
- Drill in Alaska
- Is anyone working on hybrid technology for semi-trailer trucks? (n/t)
- Don't say I didn't warn you . . .
- And still the Democrats and Hate Bush crowd claim that the Iraqi war was just about getting cheap oil.