[HT:HS]
USA Today recently reported that 40 percent of economists say the biggest threat of a recession is from rising oil prices. I don't believe it. There is no way 40 percent of economists could agree on anything. But I do believe 40 percent of $3.50 gas is caused by eco-stupidity.
But what if we had our own Iraq-sized supply that we haven't even touched yet?
We do. According to the U.S. Geological Survey we have at least 112 billion barrels of undrilled oil - by comparison, Iraq has 115 billion barrels and Venezuela 80 billion. According to the and American Petroleum Institute that's;
"enough to produce gasoline for 60 million cars and fuel oil for 25 million homes for 60 years."READ MORE
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