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If two-thirds of America's oil is still in the ground, why is the US buying so much Arab oil, since oil money, apart from a few poppies, is the main source of funds for those who really don't like the reincarnation of mad king George? Seems a bit daft, to me. Just wind up the old Texas oilfields, or whatever. End of Osama ben Bush. Or is it Fitzbush, I forget?
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Because of the economics. It might be in the ground but if it can't be extracted at a competitive price then it'll just remain in the ground.