Lou Grinzo

Tiber Oilfield Spells Major Upside for Prices

Excellent article.

The one very minor addition I would throw into the mix is that any oil company going after this kind of find (not much oil, very expensive, production likely 7 to 10 years away) is that they have no better options. A fundamental issue with peak oil is that before the global production peaks we encounter much higher production costs simply because the easy, cheap oil can no longer meet demand.