Originally Posted by Robbie

Here's a little more "Misinformation" for you Professor Bill8:

On Sunday, Shell drilled the pilot hole in the Chukchi Sea:

"More than four years after Royal Dutch Shell paid $2.8 billion to the federal government for petroleum leases in the Chukchi Sea, a company vessel on Sunday morning sent a drill bit into the ocean floor, beginning preliminary work on an exploratory well 70 miles off the northwest coast of Alaska.

Federal officials estimate Arctic waters in the Chukchi and Beaufort seas hold 26 billion barrels of recoverable oil and 130 trillion cubic feet of natural gas"

This is just one of the huge oil finds in the U.S. that have been being reported on the news.

The only "misinformation" is people like you not paying attention and calling me a liar when I am simply pondering what effect a glut of oil on the world market will have for oil price, the price of food (transportation of it), and the economy.