The Permian’s Desperate Need for Water
IRAN DISCOVERS NEW OIL FIELD WITH OVER 50 BILLION BARRELS That was the report on AP yesterday. My friend Alex Lightman commented: “Iran just found 50 billion barrels of proven reserves just 260 feet deep. At $50 a barrel this is worth $2.5 trillion, almost the equivalent to a year’s output for the California economy. And all from Khuzestan, the western Arab province that the west stole from Iraq and gave to Iran.”
