Australia shale oil
Australia Shale Oil Discovery Continues the Country's "Lucky" Streak
Investors are well aware of the shale oil revolution in the United States. But the "revolution" does not end here; it is spreading globally to countries as diverse as China and Poland.
There is one country in particular though that may experience circumstances similar to the United States, if not greater.
I'm talking about Australia, which has often been called "The Lucky Country." That description was first penned in 1964 by Donald Horne and he actually meant it negatively at the time.
But in recent decades, the term has been given a positive spin thanks to Australia's abundance of natural resources and its geographical location near the world's biggest consumer of commodities - China.
And Australia may have struck luck again thanks to the recent announcement of a massive shale oil discovery.Read More...
The Arckaringa Basin Could Be the Largest Shale Oil Find of All Time
Today I've got new information on what could be the largest shale oil find ever recorded - an estimated 233 billion barrels of recoverable shale oil.
This has got the entire energy world abuzz.
That's more that all of the oil in Iran, Iraq, Canada, or Venezuela. And it’s just 30 billion barrels shy of all the reserves in oil-rich Saudi Arabia (or at least what they claim to have).
It's a very exciting find for the (surprising) country where it was found. It means decades of energy independence. Not only that, but the nation will probably begin to export oil in the next few years, too.
But it's perhaps even more exciting for investors. You see, one small company controls what is shaping up to be the biggest worldwide oil project to hit in 40 or 50 years. And they won't be the only ones who get rich from this. Far from it.
Take a look Read More...