Tuesday, September 20, 2011
Americas and Oil Companies
Throughout the Americas, countries are making new oil rigs to drill in new found places with oil. A Chinese-built rig has been placed in Cuba to drill in the waters for more oil. But surprisingly, the hottest new oil market is in North Dakota's prairie where 400,000 barrel of oils are being produced daily and it may ease our dependence on Middle Eastern oil. Western oil companies are now focusing their sights on clusters on oil fields in the Americas. Now that we are drilling in our own land and country, this might help us control the gas prices and ultimately lower them. Though the Middle East still can control the prices because their oil fields are cheaper to develop and many countries want to go to them to save money. We are still looking for new places to develop oil other than the Middle Easy and now North Dakota. Right now we are looking for oil in regions near Russia in part of the Arctic Ocean. The biggest deal is how much the cost will be to actually drill in at the site. If it costs too much money, then we won't drill there and we'll have to keep drilling in the Middle East. A big oil boom, soon is much needed to keep this country at peace and from getting in to even more debt. The Americas need to become more producers of oils to help each other and not allow outside countries to drill from them.