Comment Yes, but we will have to buy the oil from China (Score 2, Insightful) 854
This shale extraction technique doesn't do us much good. There is a Chinese company that already has mineral rights in Colorado, and they are trying to bring Chinese equipment and workers to Colorado. They claim that the U.S. doesn't have enough experienced oil workers to perform the work.
Since we will be buying Colorado-extracted oil from the Chinese, will this shale extraction technique benefit us? Are the Chinese going to sell this oil to us cheaper than the Arabs? I guess they will be able to since the oil is coming from the U.S. and won't have to be shipped.
See this Rocky Mountain News article from 8/23/05.
http://www.insidedenver.com/drmn/business/article
