CNBC Live: Earth Oil Supplies 3x Previous Estimates

CNBC ^ | CNBC Live

[farlander]

CNBC is discussing live the new report that there seems to be three times more oil on Earth than previously thought. The report explicitly states that the 'peak oil' theory is completely false.

[Brilliant]

Yeah, but who believes anything CNBC says?

[svcw]

Wow, the dems are really good. How did they do that?

[oblomov]

How can this be? Gasoline over $2/gal is a clear sign that we are nearly out of oil. </s>

[The_Victor]

Wanna bet the leftist media plays this as "3x the CO2 over the next 100 years: global warming will be worse than currently predicted."

[meowmeow]

I'm actually waiting for the dems to do away with global warming, SARS, bird flu, bad backs and thinning hair.

[The_Victor]

You left off body odor and humidity.

[TexasCajun]

Alternate headline:

Decayed Dinosaurs more prevalent than thought.

[dead]

Wow, the dems are really good. How did they do that?

They found a way to convert the homeless into oil, solving both problems.

[SuperSonic]

They found a way to convert the homeless into oil, solving both problems.

It's people! It's people! < /soylent green mode >

[Sybeck1]

Dr. Thomas Gold said this years ago.

[ml/nj]

Does this mean we won't run out in 1994?

ML/NJ

[svcw]

There was a guy out of Colorado talk show). Wish I could remember his name, a big motorcycle guy, black conservative. Anyway, he once said the could solve the hunger problem in this country by feeding the homeless to the hungry.

[PeaceBeWithYou]

Ken Hamblin: "The Black Avenger"

[Yo-Yo]

CNBC is discussing live the new report that there seems to be three times more oil on Earth than previously thought.

[svcw]

Thanks. He he still on the air. I loved him.

[sully777]

Someone should tap the shoulders of the oil speculators: On reports that OPEC nations are not following production cuts, that vast new oil discoveries will soon go online, that US inventory is much greater than believed, that the winter forecast is above average for the Northeast, that Dems will institute new CAFE standards on SUVs, trucks, and cars within two years, etc. the speculated price of crude futures contracts has risen today after some early slumping.

Guess Soros is cashing in the rest of his chips before the free fall of the oil market. Uh oh...better buy gold.

[bannie]

They'll parlay this to benefit the dems in the next election. I don't know how; but they waited until after this one to announce it.

[newnhdad]

Pelosi, you magnificent bastard..

[PeaceBeWithYou]

The cave is dark for now.

I think Ken took some time off to be with family.

He may come back, lots of fight left, lots of egg-sucking-dogs left, and I miss him too.

[svcw]

So very sad.

[RSmithOpt]

A timely article IMHO since the feds have cleared the way for shale oil extraction in Colorado. Guess the Dems are lining up the propaganda in order to shut down shale oil production by the evil oil companies so all our women can eventually wear berkas?

[DungeonMaster]

It's Pelosi's credit.

[RightWhale]

the 'peak oil' theory is completely false

*ALERT -- Semantic malfunction in Canada -- ALERT*

[farlander]

Not so sure. I think this is a Rovian/Halliburton/Exxon plot to undermine alternative energy.

Why spend so much money on crazy alternative energy schemes instead of working on making existing items more efficient, and, for crissakes, DRILL!

[Aquinasfan]

Wanna bet the leftist media plays this as "3x the CO2 over the next 100 years: global warming will be worse than currently predicted."

You can bet your life on it.

But how does anyone know how much undiscovered oil hasn't been discovered yet?

[Rte66]

Answer: They don't.

[kb2614]

I'm actually waiting for the dems to do away with global warming, SARS, bird flu, bad backs and thinning hair.

They damn well better hurry then!!

[RouxStir]

Oh good, now we can put off finding alternative energy sources for another 50 years or so. Or we could drill in Ted Kennedy's belly...at least we would find plenty of ethanol...and methane.

[SunkenCiv]

from a year ago.