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693471 | 6 years ago

And this large amount of oil production the USA is sitting on is light sweet crude, needed for gasoline? Same grade as Abqaid? And we have the infrastructure required to transport it?

(Hint: we don't. It's estimated it would take us minimum of 2 years to complete the required infrastructure build out)

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cat199|6 years ago

so, finding out that the currently-sufficient production quantity doesn't have as high of a ceiling as previously expected would result in a crisis so big that there would be problems with oil supply for the 2 years needed to complete the required infrastructure build out?

I don't see how this negates the parent w/r/t the parents-parent.

jdhn|6 years ago

Like others have said, this oil would probably be run to refineries by train. This is inefficient, but until new pipelines are built, it's the best way to get oil from the field to the refinery.

galangalalgol|6 years ago

Maybe a good time to learn to weld?

soperj|6 years ago

it is light sweet crude. Likely will rely more and more on trains. Which would be a better buy than picking a oil company, since no one is divesting from train companies.