Thursday, December 04, 2008 | 11:50 a.m.

Our Own Oil Cartel

by Terence Jeffrey

Contemplate this the next time you spend $60 or more filling up your tinny little car with gasoline made from imported oil: The U.S. government knows where it can get its hands on more untapped petroleum than exists in the proven reserves of Iran or Iraq, which have 136 billion barrels and 115 billion barrels, respectively.

This unexploited stock of crude is greater than what the U.S. Energy Information Administration reports is in the proven reserves of Russia (60 billion barrels), Li ...

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Thursday, December 04, 2008 | 11:50 a.m.
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