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.