Wednesday, September 6, 2006

What a Lode!

I can't believe no one is talking about the mother lode that's been found about two or three hundred miles off the New Orleans' coast. Only five miles or so down under the gulf those wacky folks who've been charging us an arm and a leg for gasoline have tapped into enough oil to double the daily output of Prudhoe Bay. When the Prudhoe pipeline is up and running that is.

We're talking billions and billions of barrels. The best quote I heard about this morning was some oil exec who said, "This will double our reserves by 50%." A classic.

Okay, you don't believe me. Well, just watch the price of gasoline keep dropping.

4 comments:

ber144 said...

I believe you.  And I'm sure that the continuing drop in the price of gasoline has NOTHING to do with the impending mid-term elections.  Cynical, cynical me.

mosie1944 said...

"And we'll all be a-drinkin' that free Bubble-up and a-eating that Rainbow Stew" - Merle Haggard  http://www.hydrashok.com/ShowLyrics.wcs?GetSong=250

swibirun said...

I'm not surprised.  Look at the land masses around there....rich seafood on the Fl gulf coast, cajun to the north, Mexican to the right.....that's enough to give everyone gas!

God I'm a dork......I wish I had your wit:)

Chris
http://inanethoughtsandinsaneramblings.blogspot.com/

shadierush said...

We're all afraid of geting excited and then watching as the gas prices go up instead!
Shadie