donger need food.

Black Gold. Texas Tea.

This came in on one of my mailing lists:

The Rand Corporation Think Tank delivered its final report on a study commissioned by the Department of Energy. Rand concluded that oil shale on federal property in Colorado, Utah and Wyoming holds up to 1.1 trillion barrels of recoverable crude oil — meaning that all the analysts who’ve been predicting the end of the oil age will now have to set back their timetable by 30 to 40 years. Of course, our more immediate problem is gasoline supplies and its cost over the next month — but Peak Oil will not happen in our lifetime.

Darn. I was hoping to invest in some oil futures.

posted by VirtualErn @ 11:02 AM

Subscribe to Post Comments [Atom]