1 Does this mean that crude income from oil will finally exceed income from expats working in the U.S.?

2 Nope probably not. I just wanted to say "Screw Iran!" really bad.

3 Hey, add that to all the oil we get from Canada..... hey why don't we just bring our guys home from all the places overseas, yeah... we could just annex Canada and Mexico! Hmmmmm... why not, if Mexico was part of the US already, we wouldn't have the illegal immigration problem that we have now would we? They'd already be here. And Canada could be a pretty decent place once you got rid of the frog influence. Hey everybody keeps saying that world domination is a goal of the US, Hell let's just show them what it'd really be like. Come on, we saved everbody from the Nazi's and the Japs, and we saved MOST of the planet from communism. WTF are they afraid of, common sense?

4 The 12th Imam will appear, and curse you. Then, the end of the world will come.

5 10 billion barrels is the 'high side' number. It's probably more like 1/4 to 1/2 that. And even at 10 billion it's smaller than Prudhoe Bay was. It's an important discovery but it's not going to significantly change the global political/energy picture. Plus it is going to take 5-10 years to get it on production (the 3000' number probably refers to the water depth where the discovery is.)

6 Mexico can't drill at that depth - its a different ballgame. Govt regulations prevent outside investment/assistance. Mexico already takes a mega chuck out of current oil revenues to fund govt ops (ineptly of course) - and leveraged the balance years ago to pay off a major govt bailout. I have no idea what Mexico plans to do - 'cept maybe dream.

7 Well, Canada has something like 2 trillion, yes I said trillion, barrels of oil tied up in the oil tar sands of Alberta. That's enough oil to last over 100 years, and yes, it can be mined, that is the term they use, for about $30 per barrel. Right now they are producing about 300,000 barrels per day but are in the process of ratcheting up production to about 750,000 bpd. The US could invest just 1/3 of the money we have put into Iraq into the oil tar process and we would see some real results. Perhaps 3,000,000 bpd in a very few years. I think we should do it, but there is always the chance that the low cost ME producers could cut the price and put you out of business. It would take a major commitment that I think would be worthwhile as long as we combined it with an immigration policy that makes sense.

8 No, no, no. Attack Iran so I can clean up on Gold Corp (GG). I can't beat you Ziocons so I decided to make money off of you instead.

9 OK the test well was a hit.The hardest part is finding the shit.

10 JJ Tar sands are not a real option - though the oil technically does exist. We also have extensive tar sand deposits in that part of the country. Extraction requires 2 fundamental things - massive open surface stripmining and more water than Noah ever saw! the water issue along (in that region of the continent) is a massive obstacle.

11 Well said!

12 http://static.flickr.com/42/108146482_3e7e0b73e4.jpg Ruff, bad dog!

13 Memphis761: So big boy got a problem with frogs, eh? Tell me more about it. PLEASE! - Max

14 Were still buying blood oil from these countries while the eco-freaks worry about the polar bears why dont we feed the eco-freaks to the polar bears?

15 Whoah man check out that oil field, Why that sucker is huge!