Chalk Up Another 8 Billion

Just another potential ginormous multi-BILLION barrel discovery of oil.  Again in Brazil.  (ExxonMobil is holding a great hand here in today's oil industry, they will only get more powerful.  If you hate Exxon now, you're in for more angst.  Choke on it.)  But there is no more oil out there to find, folks.   We're running out.  Nothing to see here.

We tax the living daylights and demonized the tar out of oil companies, but they keep spending billions of dollars and finding tons of oil.  Imagine what would happen if we were nice to them!  (I am talking about in the US, in Brazil they are nice.)  Gas would be $0.50 a gallon.