MASSIVE oil deposit found in Canada - blessed for standing with Israel?

A long, narrow stretch of shale rock that runs along western Newfoundland's coastline might be home to North America's next big oil find.

So believes the junior oil explorer that's snapped up virtually all of the land in the Green Point shale.
But Shoal Point Energy Ltd. (CNSX:SHP) hasn't quite figured out how to economically draw the crude — some 23 billion barrels of it in place, according to one estimate — from the uneven, broken-up rock.

"It's a bit of a wild frontier still," said George Langdon, the company's Newfoundland-raised CEO, who has long been fascinated by rocks on the Rock.

"There's a lot of oil in place. We haven't proven the viability of it yet. But just the sheer number of what could be in place there makes it, to me, one of the significant resources in North America, right up there with the big ones"

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