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IPFS News Link • Oil

Massive Oil Discovery Is Deathblow For Saudis

• Oil & Energy Investor - Web Archive

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."

1 Comments in Response to

Comment by tittiger
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This is a death blow to their county -- if they can't defend against the plans that the Communist Chinese government has for their county and "their' oil. They had better learn how to speak Chinese.