Right Of The Star

Friday, May 06, 2005

What, We've Got Oil

You do realize that we have no idea how much oil we have, and our wacky unwillingness to find and extract it is:

  • Severe Cognitive Dissonance -- with gas prices so high we'll bitch about it, but we'll allow the wacko's to keep us from drilling or building new refineries
  • Unknown to most Americans, we just think we are out -- we don't realize we are so restricted by enviro wacko's

MAY. 4 5:32 P.M. ET
A tiny oil company has snapped up leasing rights to a half-million acres in central Utah that it says could yield a billion barrels or more of oil.

Geologists are calling it a spectacular find -- the largest onshore discovery in at least 30 years, located in a region of complex geology long abandoned for exploration by major oil companies. It's turning out to contain high-quality oil already commanding a premium at refineries.

There's Gold In Them Thar Hills! Now if we could just stuff a wacko's own dirty socks in the biggest wacko's mouths perhaps we could get some of it!

Lets face it, our economy runs on oil and when it becomes financially advantageous for someone to develop an alternative then someone will develop a reasonable alternative - not a day before and not a day after (From my post Past The Peak--We Will Run Out). Until then it's all hands to the drills!

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