Source: Steve Sjuggerud's Daily Wealth Report
By: Matt Badiali
My Thoughts: When I read this report, I was floored because this discovery could (will) have huge implications for potential investors. Also, what does this mean for oil producing countries like Nigeria? Most importantly, what does it mean for the Middle East where I predict some silly, "emmotional" incident over THERE just might start WW3? Since this blog deals with issues relating to money and investing, I was curious to hear what the other Money Talkers think. However, it would be prudent to investigate this angle a little further.
By the way, take a quick peek at this quote from said report, which should pique your interest:
"Today, this gigantic oil deposit sits idle — untapped — inside more than 16,000 square miles of a special kind of rock under Wyoming, Colorado, and Utah...Hence the following question needs to be asked: Could this "ginormous" oil find derail Nigeria's booming economy if it becomes fully operational?
When asked about America’s least-publicized oil supply, Utah Senator Orrin Hatch said: “The amounts of oil are staggering. Who would have guessed that in just Colorado and Utah, there is more recoverable oil than in the Middle East?”This past January, the government proceeded with the next step in the process. Three companies were each given 160 acres of the government's oil-rich land.
The company with the cheapest, most environmentally sound drilling method will be granted full access to the government's oil mother lode. Combine all this with stubbornly high oil prices, and a new American oil shale boom may be on..."
Filed under: Money Talk, UpNaira, Oil, Investing, Business