Sunday, May 27, 2012

Middle East to WHEM—Oil Production Shifts

The Washington Post has an article titled "Center of gravity in oil world shifts to Americas".

This should not be a shock.  I remember, in the Seventies, when the UK and Norway were big producers just then coming on line.  But, it won't last for ever.  Will our Department of Energy (DOE) ever give us a breakthrough or will they just continue to spend $24 Billion (of our money) each year?

Regards  —  Cliff

  Granted, ten billion goes for nuclear weapons custody and maintenance. A little known fact is that all US nuclear weapons belong DOE, and are on loan to DoD.

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