Special: Huge Oil deposits in India, China, Africa
Thousands of feet below the ocean's floor, one of the largest oil reserves in the world has been discovered, and its contents hold the potential to push the current global oil crisis 50 years
into the future.
It's estimated that as much as 1.3 trillion barrels
of oil are buried off the coasts of India, China and Africa, as well as in the British North Sea.
A largely unknown U.K. company is providing big name oil drillers with the new technology essential to extracting it from deep beneath the sea at a cost equal to or less than pumping oil from Middle Eastern wells.
Xavier Preel, the head of France's largest oil company, Total SA, reported recently that deep sea oil deposits have accounted for 30% of the total oil reserves discovered in the last decade and that the crude being taken from these deposits represents a growing proportion of the world's oil production.
Billions of barrels have already been pulled from the sea around the world, but these new reserves have the potential to top all of them in production. Estimates by some experts are that the reserves could hold up to 1.3 trillion barrels of oil. Total SA has already started drilling one of the sites off the coast of Africa, and is extracting 650,000 barrels a day from the region.
"Industry officials estimate that the deep waters off Nigeria alone might hold 8 billion to 10 billion barrels worth of oil, while Angola's deepwater sector may contain another 10 billion."
The ramifications of such a vast reserve being tapped are immeasurable. The price of oil could drop back down to levels unseen in years. Gas and home energy costs would then plummet as well, reinvigorating an economy stretched thin thanks to consumers pinching pennies in order to fill their tanks.
These effects, long thought to be only possible once alternative energies break through to the mainstream in 10 years or so, could become a reality as soon as the next 12 months.
And, thanks to the London-based company that's developing the technology to make it all possible, we may have heard the last mentions of an oil crisis for quite some time.
Early investors in this company could see a 237% gain in their pockets as soon as Summer 2008.
Similar oil-related technologies have had amazing runs. And this one is poised to do the same... Chenierre Energy (LNG) delivered 1969% in gains in 2003.
RPC Incorporated (RES) has climbed 770% since 2003.
Halliburton (HAL) has skyrocketed 964% since 2002.
FMC Technologies (FT) is up 631% since 2001.
Investors in Drill Quip have reaped a staggering 751% over the last few years.
If you received an advance notice like this back in 2003 and invested just $5000 in Chenierre Energy, you would be sitting on more than $98,000. A $20,000 investment would have turned into almost $400,000!
That's more than $370,000 in exchange for a little foresight and taking an honest look at the energy industry.
And, as more companies line up to use this technology, the price should go even higher. Courtesy: www.isecureonline.com