1.0 link 29022 <![CDATA[Massive Oil Find In Gulf of Mexico Brings Gloom to 'Peak Oil' Pranksters]]> http://www.huffingtonpost.com/raymond-j-learsy/massive-oil-find-in-gulf-_b_29022.html I hate to say "I told you so," but the news of a big new oil discovery by Chevron and two partners in the Gulf of Mexico confirms what I've been saying for years: Oil is not scarce. Big Oil's price manipulators only want us to think it is. (See my May 24, 2006, blog: "Oil Is Not Scarce -- The Oil Industry Continues to Play Us For Fools.")

Early estimates are that the lower Tertiary, where Chevron's new Jack...

]]> 2008-03-28T02:46:00-04:00