Saturday, April 19, 2008

A tale of two stories

Looks like the folks at Motor Trend are just shivering with anticipation over the recent oil field discovery off the coast of Brazil. Heck, Arthur St. Antoine uses the occasion to tout a theory that oil is produced by tectonic forces, and that there is still a whole bunch of the stuff yet to be discovered and extracted. Before we get too excited, Credit Suisse suggests that the original report of a 33 billion barrel oil field was grossly exaggerated, and that the field likely contains a more underwhelming 600 million barrels. For those fantasizing about an endless future of happy motoring, don't go out and buy that new Hummer just yet.

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