Massive Oil Discovery in Australia Is Deathblow For Saudis
All told the recent discovery outside a sleepy Australian town contains more black gold than in all of Iran, Iraq, Canada, or Venezuela.
The current estimates of 233 billion barrels are just 30 billion barrels shy of the estimated reserves in all of Saudi Arabia.
Now, one renowned international energy expert predicts the proven reserves will be much bigger.
"The find may land at 300 or 400 billion barrels, making it one of the greatest unconventional oil discoveries any of us will see in our lifetimes," says Dr. Kent Moors and advisor to six of the top 10 oil producers and active consultant to 20 world governments.
"It represents a bona-fide redrawing of the global energy map as we know it," Moors says, "and the mainstream media is completely ignoring it."
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Where the Hell is Coober Pedy?
To the people who call this place home, the oncoming oil boom means nothing will ever be the same ($20 trillion worth of oil can do that to a town).
The boom is centered around a place called Coober Pedy, an inhospitable speck on the map in Southern Australia.
The big draw is the riches found in the region's vast geological structure, the Arckaringa basin.
Encompassing an area in excess of 30,000 square miles, what's buried within the basin is enough black gold to completely change the global oil landscape-not to mention the lives of early investors.
Analysts believe this is equivalent to investing in Saudi Arabia in the early 1950's.
And according to this inner circle briefing by Dr. Moors, one little company controls the whole thing.
Editor's Note: This is the biggest find in 50 years and it will create unheard of fortunes for investors who act now. Watch this unbelievable video to learn more.
Sources and more information:
This Massive Discovery Has Put The Saudi's Into a Panic By Money Morning Staff Reports It's the biggest find in 50 years and the media is completely ignoring it... It is 6 times larger than the Bakken, 17 times the size of the Marcellus formation, and 80 times larger than the Eagle Ford shale. All told what was recently discovered outside a sleepy...
( via moneymorning.com )
properREDeye wrote October 30, 2013 8:38:18 PM CET
Yawn, no one cares! We should care though, because that means we are going to be subject to this regime of dependence on oil for even longer before they are forced to reveal that we have free energy sources. The price of oil products will continue to rise regardless, along with stupid shit like carbon taxes that achieve nothing other than an alternative way for corporations and governments to screw the public or developing countries that don't produce a lot of pollution. Free energy is being suppressed because 'free' will mean no more handouts for the oil barons. However they have used their money and influence to place themselves in strategic seats within societies structure that ensure their power over our financial paradigm remains as long as possible. We allow it to happen out of our own selfish greed and lust for possessions (propagated and perpetuated by the media) but people are starting to become aware of these issues
Ishumble wrote October 30, 2013 1:39:48 AM CET
Black gold, how many will die to get it,how much indeterminate damage to the earth to obtain it,at what lengths will they go to for the dollar,euro,peso or whatever currency you want to call it.We are destroying ourselves,and when the end comes, and it will for the human race we will only have ourselves,and the choices we made generation after generation to blame
Opalserpent wrote October 29, 2013 10:23:11 PM CET
There may be oil here in Australia however the oil cartels are hardly going to sit back
and watch their profits drop off thanks to some Australian oil venture.
At the moment our resources are getting raped by bechtel and a whole barrel
of foreign companies who are quickly making money of our land with shale gas
and polluting our ground water and earth with fracking chemicals.
Oil companies are just saying this to scare the Saudi's and friends into submission.
This is propaganda against U.S. allies to stay in line or else we will go to Australia
and rape them instead and give all the profits to overseas bankers and
a few scraps to Australians.
They won't open up our oil here in Australia, it will bring the price of oil down and flood
the market which won't make the oil cartels any richer then they already are
the filthy gutter scum.
SchmittyDoesIt wrote October 29, 2013 10:03:47 PM CET
This was back in January and the investor market has now stabilized... I just a little too late.