Tuesday, August 5, 2008

More On Peak Oil

While the price of oil continues its way down, to the relief of many, Tom and I are engaged in a civilized conversation regarding peak. I happen to believe that drilling will happen, and Nancy Pelosi will be forced to back down. It's just a matter of time and compromise. However, only 18 billion barrels of ~72 billion are estimated in the off-limits area. The balance is sitting in leaseholds

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