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To: Nachum
Simply mind-boggling....considering that California sits over the Monterey Shale and estimates approach 300 billion barrels in place.
14 posted on 12/27/2010 1:50:38 PM PST by stboz
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To: stboz

That’s right. The supply of oil within the earth is effectively limitless! A dirty little secret the economists don’t want you to know about! That is why we are a petroleum-based planet and always will be until we begin extraterrestrial search and development for additional resources. So for the next hundred years the argument that Chinese and Korean economic output increases are responsible for gas price increases at the pump is false! It’s false because this is not the old standard equation of scarce resources running up against increased demand, resulting in higher prices. Get real, the supply of oil is limitless, and we are being had once again by the economists in league with the Arabists, who believe Americans are really, really, really stupid.


44 posted on 12/27/2010 2:24:53 PM PST by 4Runner
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To: stboz

Problem is they haven’t figured out how to get the oil out of the shale.


90 posted on 12/27/2010 5:10:50 PM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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