Finally! Something happened recently that had nothing to do with interest rates, monetary policy, or the currency wars! Australia’s Linc Energy’s announced that there could be a whopping $20 trillion worth of oil locked in Australian oil shale formations. The geology looks promising. That is, there is probably oil, or something very much like it trapped in the Ackargina Basin in South Australia. Linc’s CEO says it could be 3.5 billion barrels at the low […]
Shale, the Conquering Hero! appeared in the Daily Reckoning. Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter.