I tend to side with the "Soviet" petro engineer who proved on the McNeal Lehrer hour the Soviet Union had FOUR QUADRILLLION barrels of economically viable recoverable crude.
Sometime when you have a moment free, google
SIBERIA ASTEROID DIAMONDS
It isn't a joke. Neither is the fact that the Russian Federation is sitting on more than 2,000 TONS of recoverable gold in Siberia.
What got the oil companies cranked up was the ending of THE OIL DEPLETION ALLOWANCE.
This is the age of phantasy shortages, contrived supply estimates and pirate level speculation.
Fracking panicked the Saudi's, the Russian threat to Ukraine and lust for Venezuelan Lagomar fueled a rift that allowed a glimpse into the chicanery that is rife in the supply and demand system.
Now, go hint down that diamond asteroid story.
