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 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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7 comments:
Then gas prices should go down, but I bet it wont
This is great and Australia doesn't have an EPA, controlled by liberal Democrats,to shut it down. I'd rather purchase oil from them instead of buying from people who are trying to kill us. The same people that Obama bows down to.
4:34 should do a little homework. Australia does indeed have an "EPA". They call it Department of the Environment. With much more stringent regulations than we have here.
513, why try. These people speak without any regard to facts. They live in their own hyperpartisan fantasy land
SHHHHHHHHH!
5:13 The EPA in the USA is a private enterprise funded by the taxpayers. The IRS is a company hired by the Government to collect taxes. Now you do some homework.
The EPA and IRS are both government agencies. The IRS is actually part of the Dept. of the Treasury.
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