Eric Florack on April 24th, 2008

April 24 (Bloomberg) — Brazil’s discoveries of what may be two of the world’s three biggest oil finds in the past 30 years could help end the Western Hemisphere’s reliance on Middle East crude, Strategic Forecasting Inc. said. Saudi Arabia’s influence as the biggest oil exporter would wane if the fields are as big as […]

Continue reading about Oil, Brazil, And the Future Bubble Bust

By way of John Hawkins’ Conservative Grapevine, we get news that backs something Ive been saying for weeks now. I’ve been saying that we’re about to see a massive price drop… that even exclusive of any major finds, that the fundamentals are not there for $70.BBS, much less $100+/BBL…. and thusfar if anyone dared comment, […]

Continue reading about Oil Bubble About to Burst? Yep. Here’s Why: The Bakken Oil Formation

Eric Florack on March 2nd, 2008

Let’s take a moment to look at the Democrat response to the President’s weekly radio address… where Energy is the issue. Good morning. This is Congressman Joe Donnelly of Indiana’s Second Congressional District. Today it is my pleasure to talk to you about a few of Congress’ recent accomplishments on an issue that I believe […]

Continue reading about Swamp Stomper Alert: Democrats And Fuel Prices

Eric Florack on November 10th, 2007

Here’s a little-used graphic of currently understood domestic oil potential, that the Washington Post ran some months ago: (Drill the pic for full size) Now, before you comment on the limitations involved, be aware most of the limits are man made. Environmental laws and so forth… laws which are hindering our energy independence. Further, please […]

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Eric Florack on November 9th, 2007

SAO PAULO, Brazil: A monster offshore oil discovery and promising fields near the find could help Brazil join the ranks of the world’s major exporters, but full-scale extraction is unlikely until 2013 and will be very expensive.The “ultra-deep” Tupi field off the coast of Rio de Janeiro could hold as much as 8 billion barrels […]

Continue reading about Brazil… Major Oil Find.