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  • Time to Fill Up on the Strategic Petroleum Reserve [View article]
    longo - in 1956 the conventional wisdom in TX/OK was that the oil resource in the ground was infinite (although a few prescient people thought otherwise). i used to go to conventions of the Society of Exploration Geophysicists around that time. it cost 3.00 or so to produce a barrel in TX and about 25cents in saudiland. the concern of the houstonites was that saudi oil would render their owned assets worthless.
    > jack
    Nov 14 12:57 pm |Rating: +1 -1
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