The Latest "Info" from the "Scientific Types" in the Oil Industry indicates that there are VAST OIL RESERVES under our Current "Oil Fields."
If the "Data" is Correct, the ENTIRE "Oil Economy" is IRRELEVANT!!
If the "Deep Wells" Produce a FRACTION of Their Projected Yields, "OPEC" is FINISHED!!
WHAT FUN!!
If America becomes COMPLETELY "Oil INDEPENDANT of the "Middle East;" the ENTIRE political Picture Changes.
Interesting Times!!
Doc
Actually we get less from the Middle East than South America. Around 10%. It is Europe that gets over 35% from the Middle East. Our concern is propping up their oil security so their economic crash doesn't cause ours. Of course, they are very grateful for this and fall all over themselves showing their support for America.
If you have any links to the deep oil drilling stories that are of interest I would check them out. It sounds like good news.