MORE PROOF PEAK OIL IS BS: MORE OIL FOUND IN UGANDA; GINORMOUS NATURAL GAS FIND OFF OF ISRAEL

UGANDA:

London's oil and gas exploration company Tullow Oil announced Tuesday the discovery of oil in the Kasamene field in Uganda.

Tullow said it encountered oil at two wells in the Kasamene field. The Kasamene-3 well was drilled to a depth of 3,638 feet, encountering 33 feet of oil pay. A second well, Kasamene-3a, was drilled to a depth of 3,241 feet, encountering 49 feet of oil pay.

Angus McCoss, the exploration director for Tullow Oil, said the results were positive, adding more work was planned for May.

"This takes us a significant step toward first oil in Uganda, which is expected from the Kasamene field in 2011," he said.

UGANDA'S RESERVES MIGHT BE BIGGER THAN SAUDI ARABIA'S.

ISRAEL: 122 TRILLION CUBIC FEET!:

Israeli oil and gas exploration shares have shot up lately on brisk trade, following a series of recent developments in the sector. The latest trigger for gains was a report from the United States Geological Survey last week, estimating natural gas reserves in the Eastern Mediterranean off the coasts of Israel, Lebanon and Syria at 122 trillion cubic feet, or 3.45 trillion cubic meters, the more commonly used measure in Israel.

In addition, the Tamar partnership, which found tremendous amounts of gas in the Mediterranean seabed, is nearing the completion of negotiations to sell natural gas to the Israel Corporation group companies Israel Chemicals and Oil Refineries (locally known as Bazan), and the Noa reserve's chances of being developed have increased. The results of the 3D seismic survey of the Leviathan prospect, which is controlled by the Delek Group, Noble Energy and Ratio, is also expected to be published by the end of June.

According to the USGS report the gas can be recovered using currently available technology. This is the first time the USGS has granted an assessment of recoverable natural gas in this region.

"Its gas resources are bigger than anything we have assessed in the United States," said Brenda Pierce, USGS Energy Resources Program Coordinator.

PEAK OIL IS BS - LIKE AGW. BOTH LIES ARE REALLY ONLY INTENDED TO PROMOTE STEALTH SOCIALISM. DON'T BE DUPED.

IF WE WERE ALLOWED TO DRILL HERE OFF THE COAST OF THE ENTIRE AND ALL OF ALASKA, THEN WE'D FIND MORE TOO!

IT COULD HAPPEN: JUST VOTE GOP THIS NOVEMBER.