[Le Chien Rouge]

Everytime someone says the world is running out of oil, suddenly exploration finds even more oil.

Midland/Odessa is on it’s third oil boom in 80 years.

[nuke rocketeer]

Midland/Odessa is on it’s third oil boom in 80 years. Isn't it funny how that happens every time the price gets back to where secondary/tertiary/quaternary recovery methods are viable again to go get the 70% of the oil that is still down the hole in the oil patch of West Texas. Also, the "experts" have been predicting peak oil 20 years in the future since before World War 1. The CEO of Exxon-Mobil has a good answer for the critics who take his company to task for not going away from oil as their primary product.