gmc,
What have you heard about Russia and South America? The last analysis I read had pretty high hopes for massive quantities of oil in Russia. They also speculate that there is a ton of oil in South America that has not even been discovered.
Will this eventually be a tipping point of "power" away from the OPEC cartel?
Necessity is the mother of invention and I bet that when oil hits 70 to 100 bucks per barrel, someone somewhere will have a breakthrough.
It's just that their timing is less than optimal.
