Monday MorningIt’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 Australian town contains more black gold more than in all of Iran, Iraq, Canada, or Venezuela.
With current estimates at 233 billion barrels its just 30 billion shy of the estimated reserves in all of Saudi Arabia.
According to one renowned international expert, this massive discovery could eventually dwarf the oil rich kingdom as the original estimates are revised.
An advisor to six of the top 10 oil producers and active consultant to 20 world governments, Dr. Kent Moors now believes 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.”
“It’s represents a bona fide redrawing of the global energy map as we know it,” Moors says, “and the mainstream media is completely ignoring it.”
Where the Hell is Coober Pedy?
But to 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).
It’s centered around a place called Coober Pedy, an inhospitable speck on the map in Southern Australia.
Founded in 1915, Coober Pedy had long been the home to a scarce 1700 people who lived in residences literally carved out in its caves.
Now another 20,000 people have suddenly flocked there, making it one of the hottest real estate markets in all of Australia.
Considering the conditions the sudden stampede is remarkable – there’s little to no water and temperatures routinely reach above 100 degrees Fahrenheit.
While it’s obviously still just the beginning, Coober Pedy real estate agent Di Enders says her phone has been ringing off the hook since the news broke.
“I’ve had so many calls, you wouldn’t believe it,” she says. “My brain is about to explode.”
“People renting don’t want to surrender their houses, they know they won’t get another one,” she says.
The big draw is the riches about to be pulled out of a vast geological structure called 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 early investors.
Analysts now believe ground zero will be much like is was in Saudi Arabia in the 1950’s.
And according to the inner circle briefing below by Dr. Moors, there’s one little company that controls the whole thing.
And since Arckaringa footprint will be beyond extensive, hundreds of wells, massive infrastructure networks, gathering systems, pipelines, processing facilities and support services will vital.
The Death Knell for OPEC
The massive find has been likened to the Bakken and Eagle Ford shale oil projects in the US, which have created legitimate boom times in Texas and North Dakota.
The outflows from these areas have been so big they have given way to predictions that the US could overtake Saudi Arabia as the world’s largest oil producer as soon as this year.
Even at the lowest estimate, the Coober Pedy fins is set to make Australia a net oil exporter; at the higher estimate, Australia would become one of the world’s biggest oil exporters.
“What we’re seeing up there is a very, very big deposit,” says South Australia’s mining minister, Tom Koutsantonis, “If the reserves and the pressure was right over millions of years and the rocks have done the things they think they’ve done, they think they can extract vast reserves of oil out of South Australia which would have a value of about $20 trillion.”
Dependence on OPEC’s crude is already slipping as the U.S. and Canada unlock unconventional oil supplies from deep underground shale deposits with new drilling techniques.
Now there’s even more completion bubbling up from “Down Under.”
Given all of the trouble in the Middle East, the Saudi’s have good reason to be alarmed.
http://moneymorning.com/ob-article/arckaringa-saudi.php?code=131883
That must mean the price of gas will go down…along with the body count in the middle East! And Santa is coming in November too!
How long before the US finds terrorists in Australia and seeks to occupy it?
I believe Obomba already sent Marines there back in 2011 or 2012, something like 2500 of them. So the occupation can begin!!
“What, they have bigger dicks, bomb them”
this will be good for gas prices, but it could be doom for what is left of our economy. Our economy is holding on by threads right now. The oil boom in Texas, North Louisiana, North Dakota and PA/Ohio has been the saving grace of what is left of the economy. My wife and I work the oil field (I buy oil leases, she researches title and abstracts) Since natural gas prices have dropped, Louisiana and East Texas has been slumping for work. Most of the work is in N.D, CO. and PA/Ohio. If they kick this thing off in Australia, alot of the big oil companies will start working deals with thier government to drill in Australia.
Trucking will be using natural gas soon, as in a couple of years. The mechanics are being engineered as we speak. It will be a mandate soon. Big oil finds aren’t really that big of a deal anymore as far as trucking is concerned. Fed ex, UPS, garbage trucks,ect, ect, ect use it now. Walmart, the largest trucking company in the world will be switching over soon as well.
Diesel is becoming number two soon to natural gas as far as trucking is concerned anyway. But who knows, with a find like this in Australia, it could change all of that.
http://online.wsj.com/news/articles/SB10001424052702304707604577422192910235090
We have been hoping natural gas would catch on. They have a couple of natural gas stations in Arkansas and are starting to show up in Louisiana a little. I have heard that government regs on natural gas conversions will cost far too much for anyone other than big corps to afford. I havent researched conversion prices so I dont know if that is true or not.
Are you gonna be able to go back to driving soon?
Two weeks is what I’m shooting for. My incision is closing up nicely. As soon as its closed I’m on a plane to get back to work. During my downtime, I have found another company to work for as well, more money, more freedom ect. I’ll be running dry freight from now on, no more reefer. The hours were killing me, I never slept.
I doubt I’ll ever be an owner operator, but you never know. Company drivers have basically zero worries about expenses.
Dream job is a Walmart driver. they’re the top tier drivers.
Thanks for asking…..
Glad to hear it, If you ever pass through South Louisiana on 10, get my contact info from Henry, you can get a hot meal. (Gumbo, or some rice and gravy, my wife is cajun)I drove Landaul and a draggin wagon for a towing company for a while, I know what it is like to be out there eating the crap they sell at the truck stops.
Mark… I have always read as fact that the US Govt is the biggest trucking company, or at least has the biggest trucking fleet, anyway. I think it is even bigger than all the rest combined.
Your right,
Walmart is largest privately held. Should have been more precise. SBT
7000 tractors, 60,000 trailers
With all of this they still outsource thousands of loads. They are huge.
Does this mean I can buy a car and quit riding my 10 speed bicycle? Because my ass hurts from those 2 inch seats.
Will the Aussies sell their gas in petro dollars?
That aside, we have the largest oil deposit in the world right here in the Midwest. There’s more oil there than in all of the M.E. countries combined.
Of course, the media has been ignoring that one too.
Let not forget all of the oil in Alaska. oh, I forgot… that;s a secret. Not to mention… I have friends that have worked drilling rigs for 50 years and they have been telling me for years how they drill a well, hit oil and cap it, drill again and cap it. All these thousands of well, just sitting to be pumped. for 50 years
For now, the Saudis are in bed with Israhell.
What they should be in a panic about is how long before Israhell throws them under the bus.
We recently did a deal with China which bypasses the petro dollar
I know,uL. That was me being facetious. 🙂
(about the petro dollar, not the oil here)
Now, if everybody has been paying attention, they will connect the dots with that brand new spiffy, extra large, Yuan/Aus$ “currency swap” facility anouncement from the Aussies last month = Petro “what$$”???
I was totally being facetious with the petro dollar comment (at least that portion of it, the rest is absolutely true).
agreed; #1 NWO Hatr – – Facetious or Not – it plays
The Aussies jumped partially into the “BRICS” from the side with that Chinese currency/swap deal – any petro exports from Austrailia would likely head for Malaysia, China, India, Vietnam and Japan (also into the new yuan/yan direct swap business as of a few months ago) – time to short all your “long” US petro$ grease deals folks – Next: US T bond overload coming to a theater near you
Concur, STFB.
I live in the nearest major city to Coober Pedy, I’m sure none of the oil wealth will go to the Australian people. It was the same story with all of Australia’s mineral discoveries, just adds another few zeroes to the bank balances of the 1%.
In 1936 Tesla put a 75hp “electric” motor in a car, ran two wires though the firewall to a box the size of a shoe box on the front seat – went to the local hardware store and bought some wires, two small steel rods and some vaccum tubes – assembled what he had in the shoe box – connected the two wires to two six inch rods sticking out of the box, pushed the rods down and said “now we have power”. He ran the car for a weak on nothing but that box at up to 90mph, which was something for that time. Tesla said that the power came from both the sun and the magnetic field around the earth and could power this car and motor 24 hrs a day – in fact he said that the same box can run your whole house forever. The media, under the orders of Standard Oil (Rockefellers and Rothchilds) published accusations of “witchcraft, and sorcery, foolery, fakery, etc, and no one dared pursue the matter. Teslea, mad and disappointed, then just retired his invention, with many others into obscurity.
Both Ford and General Motors in the 1950’s, 1960’s demonstrated cars that ran for up to 500 mpg of gas, even featuring these cars in magazines, but never seen again. Many private inventors have come up with cars that run on air, water and there are confirmed documents that show that several “perpetual” motors that run on magnets have been invented.
However, many of these inventors have been bought out, threatened, and some even murdered to keep these inventions from becoming public and common.
So, it is evident that we don’t even need “black gold” or oil for the most part, nor do we need “wires” and power company’s. But for the meantime we pay the price that is demanded of us – but a time will come when all of these hidden inventions will be made public.