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Re: 1papermaker post# 143470

Monday, 08/18/2014 9:59:24 AM

Monday, August 18, 2014 9:59:24 AM

Post# of 173212
O&G is far and away overtaking inconcievable steps in huge numbers of production. Little background. Salt Dome just of shore S.A. 29 known provable ballels, much more there as yet not moved to the proven columb. Chevron hits deep resources estimated at 39 billion in Gulf of Mexico. Forcasters basing their stats coming from collective Gov statistics are pacing to put the USA as the major exporter of O&G 2020. Saudis and Quatar are being very real about these numbers and of the soon effect on their industry. From their point of view it is easy to see how a Geology University makes a lot of sence. Most of their commerce is petrolieum based and with that changing rapidly 2020 looms and the recent idealog created by the LBSR BOD "GeoU"(?) makes a lot of sence to expedite advancing new industry to their countries in short order. On another note it makes me think that Chuck Vulmer in fact was letting us know here in LBSR all of this a few years ago, the work program, sending so many of Dr. Johns books to Saudis and Quatar. Perhaps its the foresite of other visionaries that will have set LBSR onto the productive pathway. Remindes me of the CEO of Whiting Oil Co. in accumulating all of that massive amounts of acres of land in Montana and N.Dakota years ahead of the Oil recovery coming into play and of His forming a MAJOR Joint Venture to put his plan into action. Dreamers do suceed!