The U.S. Geological Survey called it the largest continuous oil accumulation it has ever assessed.
The gov’t claims are met with doubt from local Oil men (“That’s a lot of zeros”), raising the specter of market manipulation.
Time to sell your Oil stocks short for a bit (and buy oil services) as the Gov’t will now release periodic news trumpeting Oil finds inside the US, the Gulf of Mexico and off the coast of Brazil. All to bleed off some of the cost of Oil speculation in time for the election or, even worse, to cheapen prices a bit to buy up futures, allowing a future bombing of Iran to be timed to maximize profit.
Wonder what price the government will ‘SELL’ OUR RESOURCES TO THEIR FRIENDS for this time?
$100 a barrel? Don’t count on getting your cut.
