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oil saves economy

Trading > 247Wallst

A Chance For Big Oil To Become A Hero

247Wallst | Thu, 02/05/2009 - 10:00am | American oil production, federal drilling moratorium, importing oil, John Rockefeller, offshor oil drilling, oil imports, oil saves economy, producing domestic oil | 1 comment

As John David Rockefeller discovered at the end of the 19th Century, there is not much money in refining crude if the supply is not abundant. The US has been a net importer of oil for decades. There are very few places left in America where drilling below dry land is profitable. Last summer, se ... Read more

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oil saves economy

Trading > 247Wallst

A Chance For Big Oil To Become A Hero

247Wallst | Thu, 02/05/2009 - 10:00am | American oil production, federal drilling moratorium, importing oil, John Rockefeller, offshor oil drilling, oil imports, oil saves economy, producing domestic oil | 1 comment

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