Arctic Oil and Gas (AOAG), an oil exploration company, thinks it has turned up a potential 400-billion-barrel field in the Arctic Commons area — an undersea area in the Arctic Ocean — where AOAG has been working for about three years. The possibility this might exist is why there was so much hoo-hah (you didn't read crappola about it in the MSM, but believe me, it's a big-ass deal) when the Russians planted their flag on the sea bottom a while back.
Don’t worry, you’ll still be paying $4 a gallon this summer and Euro prices next as long as the Greenies and every other not-working-for-a-living global warming freak has anything to say about it.
So, let’s summarize: we can’t start an oil war and we can’t drill for it in the Arctic and we can’t drill for in the US. Hmmmm.
Sure we can’t start another war? Just like every other war, none of you enviros and your supporters will be going anyway.
Meanwhile in the tech department, a Russian/Exxon joint venture just set a record for depth of a well. It happened on Russia’s northeast coast. Rig Z-12, drilling in the Chayvo Field, reached a measured depth of 11,680 meters. That 38,320 feet to us Yanks.
But we’re still going to be paying $4 a gallon because of …. See above.
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