0ils ain't oils...or are they

[Ozboy]

Thought I'd share this and see what people think this might mean for P.M. stackers
http://www.usgs.gov/newsroom/article.asp?ID=1911

 

[thatguy]

EROI... no mention... could be 3-1 crap... NZ has heaps of oil BTW, not much use though

 

[Clawhammer]

Plenty of oil under the great barrier reef.

 

[hussman]

Plenty of oil under the great barrier reef.

Can you imagine the look on the Greenie's faces if they were to start drilling that oil. LOL

 

[Dogmatix]

^ hahaha

 

[mmm....shiney!]

Significantly, the only real mention of a specific foreign policy in Obama's victory speech yesterday was in reference to oil:

Tonight you voted for action, not politics as usual. You elected us to focus on your jobs, not ours. And in the coming weeks and months, I am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. Reducing our deficit. Reforming our tax code. Fixing our immigration system. Freeing ourselves from foreign oil. We've got more work to do.

 

[thatguy]

Significantly, the only real mention of a specific foreign policy in Obama's victory speech yesterday was in reference to oil:

Tonight you voted for action, not politics as usual. You elected us to focus on your jobs, not ours. And in the coming weeks and months, I am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. Reducing our deficit. Reforming our tax code. Fixing our immigration system. Freeing ourselves from foreign oil. We've got more work to do.

Check out this quote

What makes America exceptional are the bonds that hold together the most diverse nation on Earth, the belief that our destiny is shared -- (cheers, applause)

Bonds are what hold america together... a bond market crash and america is toast, these bonds are only possible due to the petrodollar.

 

[bordsilver]

Plenty of oil under the great barrier reef.

HEAPS! But Bligh put a moratorium on essentially all of it I believe.