Well when ever the price of oil skyrockets (happening alot lately) the internet and blogosphere explode with all the claims of new massive reserves, etc...

The thing is all these supposed new finds are not new finds and they have been analyzed ad nauseum by the 'experts' over and over.

Part of the price of oil right now is a result of speculation and fear, so people try to bring down the price by re-announcing huge finds... that is what happened with brazil last week and it is now happening with oil shale.

But it never works because the major factor causing the current price is good ole supply and demand.

Andrew

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“...corporations and those who run them cannot stop exploiting resources and amassing wealth until they have... .I cannot finish this sentence, because the truth is that can never stop; like cancer, they can only continue to expand until they kill the host.”

-- Derrick Jensen