Traditionally, size has determined the impact and profitability of an oil company. But today the stage is set for smaller, well-positioned companies. Energy investors should keep an eye on these "non majors." Here's why.
- Why Bigger Isn't Always Better in the Oil Business
- 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