Offshore Drilling Could Help Pay Down Deficit?

Sen. Byron Dorgan on battle brewing over drilling dollars

China and Venezuela Reach Oil Agreements

April 18, 2010 — China and Venezeula enter agreement to exploit oil and electricity opportunities. China to provide technology transfer and funds to develop the capabilities. China will provide soft loans worth $20 billion.

Are we running out of Oil ?

April 15, 2010 — The surplus oil production capacity could totally disappear in the next two years. The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact. Alex Jones says its not a matter of a shortage but the capacity to refine the oil is too small.