Saturday, May 7, 2011

the US would need four or five North Sea oil fields

Jim Rogers : Around 1918, the UK went into decline. By the mid 1970’s, it was bankrupt. Starting in 1979, it experienced a bounce-back rally of sorts – thanks to their oil fields in the North Sea. Most people give Maggie Thatcher credit for their comeback, but the real white knight for the UK was the North Sea oil discovery,” he said.

You give me the largest oil field in the world, and I’ll show you a good time too. But the US would need four or five North Sea oil fields to save the current situation...because the Federal debt is unpayable. - in www.minyanville.com
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