Backed by the Air Force, This Energy Technology Could Make You Rich
Jun 5th, 2008 | By Byron King | Category: Oil Investment & Alternative EnergyReally, by 2025, the rest of the oil-producing world will simply lack the product to export. This will be due to reasons of depletion on a global scale, and fast-growing internal demand in oil-producing nations. Gasoline consumption in places as diverse as Russia, Iran, Venezuela and Saudi Arabia is just soaring, so there is less net oil available for export.
And oil output everywhere is flat or declining. (Just last month, Russia announced a plateau in oil output.) And closer to home, Mexico’s Cantarell field is simply crashing at an annual depletion rate of 8% or more.
So what will happen in 2025? Will the U.S. pump its own oil? No, it’s not there. Will the U.S. continue to import large volumes? No, it won’t be available. The bottom line is that conventional oil sources for the U.S. — domestic output and imports — are simply drying up.
Until we meet again,
Byron King
P.S.: CTL technology absolutely fascinates me, and I’m sure there are going to be tons of great investments there. But right now, I have another one for you. This one is so powerful, it could put oil refineries out of business…all while making you rich. Check it out here…
Source: Backed by the Air Force, This Energy Technology Could Make You Ric
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Byron is now a contributing editor to Energy and Oil, Whiskey & Gunpowder and editor of Outstanding Investments. After Harvard, Byron has followed developments in the oil and gas industry for more than three decades.