Skip to comments.Bangladesh announces first oil discovery (153 million Barrels)
Posted on 05/25/2012 8:44:35 AM PDT by Red Badger
Bangladesh has struck its first oil, in two gas fields in the northeastern Sylhet region, the chairman of the state-run Oil, Gas and Mineral Corporation (Petrobangla) has said.
"This is first time that we have found economically viable oil resources, estimated at about 153 million barrels, in the two gas fields, 280km from the capital," Mohammad Hussain Monsur told reporters on Sunday, adding that production could begin within a year.
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It looks like Obama bet wrong.
I just hope Gas stays high until November
His Muslim Arab buddies and corporate bundler friends are driving prices down NOW, so they can REALLY screw us if he gets re-elected.
The United States is still the world's wealthiest nation ~ the very epitome of the 1st World.
They can discover oil in Alaska 25 years ago and the Democrats will tell you it can't be pumped for at least a decade at best.