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1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

This is a conservative estimate.

The estimate does not take into consideration the fast developing ultra-deepwater, deep-drilling exploration that is taking place in the waters off Brazil's coast, not does it consider much of the deepwater oil off of West Africa's coast, not the huge potential oil fields off the America's East coast in the Carolina Trough, which Congressional Democrats won't even let the oil companies take a look at.

Also, new science is suggesting there is lots of oil, if expensive to explore and produce -- $70 a barrel is the average "lift" expense. "Abiotic Principles" have the potential to direct the world to large new oil deposits.

Check out the Oil Is Mastery website -- where Abiotic Principles -- backed up by hard science -- are focussing on ultra-deepwater, deep-drilling, where big results are already coming in off Brazil's coast.