Archive | July 15, 2013

Australia’s Oil Find Might Dwarf Five Oil-Rich Countries*

Australia’s Oil Find Might Dwarf Five Oil-Rich Countries*

It’s the biggest find in 50 years…

All told what was recently discovered outside a sleepy Australian town contains more black gold more than in all of in 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.


Related Topics:  

Australia: Deceit by Assimilation!

Australia: When Recognition Means the End for the Indigenous

Israel Securing its Energy Supply

Ecuador: How an Oil Giant Decimates a People

The Eight Families’ Rigged Oil Game

Occupy World: From Fracking to Questionable Renewable Energy!

Lebanese Shia, Sunnis Unite Against Sectarian Strife*

Lebanese Shia, Sunnis Unite Against Sectarian Strife*

In the past several months attacks directed against Sunni and Shiite communities in Lebanon have risen in parallel with the advancement of the Syrian Army against foreign-backed Takfiri groups in Syria. Some have been trying to invest in these incidents by fueling a divide between Sunnis and Shiites in Lebanon. However, Lebanese scholars say that what binds the two together is far too strong to allow such a rift. 

In recent months talks of strife between Lebanon’s two largest Muslim sects – Sunnis and Shiites – have been brought to the limelight.

These talks were backed by several attacks carried out against the two sides.

The last of which was an explosion which rocked the Lebanese Southern suburb – a pre-dominantly Shiite region – earlier this week.

It was preceded by the attempted assassination of two Sunni clerics in June as well.

As international media outlets been employing such incidents to report on what they describe as Sunni-Shiite tensions in Lebanon, Lebanese scholars assert that such a divide does not exist and that these attacks have the fingerprints of extremist affiliates trying to turn the two sides against one another.

On the political front, fingers of blame have often been pointed at Lebanese politicians for investing and even creating sectarian tensions.

Although the Lebanese political system has often been carped by civil society for being a common denominator championing sectarianism; Lebanese individuals themselves have relatively enjoyed a liberal and dynamic pattern of coexistence especially the Shiites and the Sunnis.

Islamic scholars in Lebanon believe that it is the duty of clerics to brazen out efforts aimed at instigating strife between Sunnis and Shiites in Lebanon by promoting unity and proximity.

Lebanon’s House-Speaker – Nabih Berri – has previously uncovered that over 362,000 Lebanese families have one parent Sunni and the other Shiite; a figure believed to be quite overwhelming for a country with a population total of only 4 million. As religious scholars assert that individuals ascribing to these two sects belong to the same faith; they caution that those betting on Muslim-Muslim strife in Lebanon may not want to keep their hopes up.



Related Topics:

What Did You Plant Today?

Fasting for Change