Thanks to the dozens of attentive readers who have tried to educate me on oil deposits, shale, horizontal drilling, etc. etc. As a loyal Bear Stearns investor it’s easy to prove that I’m not a reliable guide to The Next Big Investment Opportunity, and I never took Geology 101 at Pomona. In short, I just passed on what seemed to me a happy story. Comments come in about three equal parts: 1. It’s true! Get your pump and race for the Dakotas; 2. It’s hype! It’s an old story, that oil is really there, but it’s hard and expensive to get to it; 3. It’s an old story, it might be good, it might be hype, wait and see.

Meanwhile, here are some links to local tv broadcasts. It’s a CBS affiliate, not National Review, but still, it’s local news so…if you’re not watching basketball it’s fun to watch: