If you don't have a refinery operating, it's hard to use oil that's available.
There's no question that tar sands in Canada are probably the largest source of oil available to the U.S. over a long period of time. There's as much oil in the tar sands probably as there is in Saudi Arabia. The problem is, there's a huge capital requirement to develop that.
It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.
If somebody I don't like gets in the crosshairs, I pull the trigger. But I don't hunt for them.
