Tuesday, April 1, 2008

A Gusher!

I found this article in a link off of Instapundit last week, and Scott referenced it in a comment he made over at Tom's today. Originally I thought about posting it, but for one thing it was Friday night and a manhattan (2 cherries) was issuing its seductive call, and for another I figured this news would be all over the place.

After all, one of the main problems this country has when it comes to energy independence is that we put so much exploration off limits. There is ANWAR, the coast of Florida and California, just to name a few. When one considers the enormous find off of Brazil late last year and other recent, although admittedly lesser, discoveries the concept of "peak oil" becomes just a bit creaky. This is particularly so with the price of oil at such high levels, which has the benefit of making costly extraction technologies more economic.

Which brings us to today's link. Apparently Montana could be sitting on a literal ocean of oil. We'll know more when the U.S. Geological Survey is released, but if this is true this find would dwarf virtually all other known reserves in the world. Add in the oil sands of Canada, and suddenly we see that North America could be viewed as oil rich.

I won't argue the politics of any of this. All I want to know is why isn't anyone talking about it?

No comments:

Post a Comment