Posted by David Sherman on Tuesday, May 03, 2005 at 10:13PM :
In Reply to: They said at $3 gal, corn or shale oil become economically feasi posted by chriscase on Tuesday, May 03, 2005 at 6:22PM :
The Canadians are expanding their oil shale projects and are working a deal with a Chinese company to build a pipeline to the west coast. As I recall, the deal is roughly a 50% investment and ownership in the pipeline and China gets 50% of the oil. There's no such thing as keeping "our" oil in our country in a free-market global economy. We can produce all the oil we want, but if China outbids us on it, that's where it'll go.