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Peak oil is a 100 years away at minimum. There is more oil in oil shale in US & Canada than entire oil reserves of Saudi Arabia. ANWAR has 30 years of oil at million+ barrels/day. Brazil just discovered the largest oil field in the world, although it is under sea.
Jul 06 20:12 pm
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All Comments by Common_Denominator »10 Signs of a Recession [View article]
Many Coastal areas have not even been explored yet much less exploited.
The stupid fact is the enviro wacko's have succeeded in making it illegal to process oil shale, drilling in ANWAR & off-shore drilling. But their time is fast coming to an end. The more pain Americans feel at the pump and the cash register, sooner they will wise up.