145 comments on DrumBeat: June 15, 2006
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145 comments on DrumBeat: June 15, 2006
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There are probably many people trying to keep the dollar in one piece.
Does history have examples of "huge treasures" be it nat rescources, gold, silver, or oil with it never being leaked?
I'll bet on greed here twice.
Would Oil co's be exploring, finding and developing oil in warm countries that have a weak military vrs the artic cold? ROI? Seems too obvious...IMO, These poor southern countries wouldn't like some cash? I think it is unlikely that there are huge reserves of oil waiting to be found
Who said "Look at what oil companies do not what they say" wasn't it Deffes?
Pumping up gold - Just what do these guys own or have $ invested in?
On the otherhand I have some pre WWll German marks (paper)
from my wifes grandmother. They changed in value so quickly that they didn't bother to reprint. They would just use a rubber stamp of all things to "double" the value(seriously). Looks absurd with a "rubber stamp" on it.
Although there are rumours there is a North Sea size field in the Great South Basin (google for it) to the southeast of New Zealand, which has never been developed due to lack of capital and distance to markets.
Perhaps there is oil in Antartica, but the repeated addition and removal of ice sheets should surely stress the geology of Antartica and I would not be surpriced if most of the oil did not escape after repeated "flexing" of the cap rock and associated fractures.
Antartica is a small continent. Slightly smaller than Australia from memory. So I have little hope for more than a trickle of oil from there by 2150.
Look here >>> http://www.britannica.com/eb/article-50720