Xenon

Is Oil a Bubble? Part Two

According to T. Boone Pickins and the IEA the world has only produced 85 million barrels of oil per day since 2005. So what is the source of his data that the production of oil increased by 2.5 %?

U.S. Recovery Could Push Oil Much Higher

More oil is being found offshore West Africa. Hyperdynamics(HDY) just reported a new play estimated to be in the thousands of millions of barrels of oil in the Republic of Guinea transform margin geological zone. That is just one of many in their 31,000sq mi oil concession. And all selling for $2.16. Check it out!
The U.S. plans on increasing its supply of oil from West Africa by 15% over the next twenty years. While world oil supply is limited we are currently constrained from producing more oil by shortfalls in equipment and professionally trained people. Xenon