An announcement in the oil industry causes panics well before the $h!t ever hits the fan, and the proces go up within hours. The Sultan of Ompappa MauMau sneezes and the prices goes up exponentially.
Brazil announces a new reserve of 8 Billion barrels of light sweet crude, and the price goes...
UP?!?!?!
BTW, didn't Algore say America's oil diet is a Billion BBLs a day?
If so, this then becomes an 8 day supply.
Brazil and oil industry experts say this rivals the reserves of Saudi Arabia, Iraq and Kuwait. So, if all there is in the world is 24B BBLs, and Gore says we use 1B BBLs a day, then I guess the world is in DEEP SHIT!!!
Either that, or Gore has no idea what he's talking about. Somehow, I think this is more the case...