Tuesday, February 8, 2011

Breaking News

Suspicions about Saudi oil reserves have just been leaked.
http://www.guardian.co.uk/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks

Saudia Arabia may have overstated their reserves of oil by 40%.
Given the already explosive nature in the Middle East, this bit of leaked news is like pouring gasoline on an already blazing fire.
Obama has yet to 'let' permits for new oil drilling after the BP oil spill.
Egypt may become a net oil importer.
And where has our natural gas gone?  Why have states run low?  The US is the Saudia Arabia of nat gas.

How do you spell disaster?  USA.
 

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