U S May Join Opec. 1/4 Of World’s Untapped Oil Reserves In Artic

Untapped Oil ReservesRecent exploration of sediment deep beneath the Artic Ocean has led geologists to estimate that approximately 1/4 of the world’s untapped oil and gas reserves are located there. After evaluating the impact of the news, the U. S. may seek membership in OPEC.

President Bush, smiling and joking with King Abdullah of Saudi Arabia at a press briefing in Nome, Alaska, stated, “Since it looks like we’ve got about as much oil off Alaska as our good friend the King here has in the Saudi desert, it seems like a pretty good idea for America to consider membership in OPEC. The least you can say is, maybe then we’ll have more influence on prices at the pump”.

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Update: Artic National Wildlife Refuge: Senate Rejects “Oil Drilling”; Approves “Oil Hunting.”

Oil DrillingFueled by skyrocketing gasoline prices, the Senate once again took up debate on oil drilling in the Artic National Wildlife Refuge.

The members were sharply split along party lines, with Democrats maintaining that the very idea of intruding on that pristine national treasure with oil rigs is an affront to every responsible American’s instinct for wilderness preservation, while Republicans were more inclined to advocate tapping the oil for the preservation of their electoral status as members of the Senate.

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Oil Exploration Update: U.S. To Play Catch-Up With Cuba

Oil -ExplorationStartlingly enough, it looks as if the time will soon arrive when the USA will have to play catch-up with Cuba in oil exploration. The diminutive and destitute communist enclave that serves as Fidel Castro’s personal cigar plantation now realizes that it has enough oil reserves under its coastal waters to prop up its no-go economy for decades and, incapable of assembling the capacity to out the oil itself, the island nation has begun to license drilling rights to other countries, including China, the prospect of which alarms us, and Spain, the idea of which invites us to think of tapas.

In wisdom wrought from its neediness, the resourceful islet has also offered to license American oil companies.

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Investing In Oil And Natural Gas Is All About Diversification

Natural GasInvesting in gas & oil investments is all about reducing your risk, and spreading-out your investment funds, or diversifying in as many new prospective oil & gas wells as possible while building a portfolio of new commercially productive wells. You need to be able to do this while taking advantage of the opportunities to invest in many fields as practical.

Your goal should be to own working interest, or have direct participation in mulitiple lease hold interests within several, or many areas of mutual interest. In our business, these lease hold interests, are located within what are called Area’s of Mutual Interest (AMI).

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Oil Partnerships: How to Protect Your Investment

Oil PartnershipsAs burgeoning economies push the demand for oil to historic highs, some analysts say the world’s oil production is in the process of peaking. Believing that an oil crisis -and, thus, higher prices – is inevitable, some investors are seeing dollar signs in their future.

According to the International Energy Agency, 2004 world oil demand increased by a higher rate than any year since 1988. And if current trends continue, worldwide oil demand will exceed 120 million barrels per day, according to the Energy Information Administration.

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Auto Repair: How Can They Screw Up An Oil Change

Car Oil Change“It’s all about beating the clock”. This quote comes from a wise old service manager, advising me on how to maximize my income as a flat-rate technician. If you have ever wondered why your car doesn’t get fixed correctly, or all your concerns weren’t addressed, you can blame, in part, the flat-rate pay structure.

Flat-rate simply means that your mechanic is paid a flat fee for a particular repair, regardless of how long the repair actually takes. In other words, if your car needs a water pump, which pays two hours of labor, and the mechanic completes the job in one hour, he gets paid for two.

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Oil Shortgages – A Solution

Oil ShortagesMany of us remember the oil shortages of the late seventies. They caused more than just the inconvenience of occasional gasoline rationing. Several elderly people actually died in the New York City area because of a lack of heating oil. Some people thought it would only get worse, and we would run out of oil completely before long.

Interestingly, at the same time, gold and other things much rarer than oil were available to anyone who wanted them. This gives us a clue to what causes an oil shortage, or any other shortage. It is usually just one thing.

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U.S. Ends Oil Dependency: Turns B.S. Into Fuel

Bio SuperWhereas America is experiencing a gasoline shortage, the nation’s dependence on foreign oil is close to an end. A researcher at The Department of Energy, from that breakthrough concepts emanate usually, noticed that Americans, together with most of the people who ever lived, have a nearly unlimited and renewable provide of Bio-Super (B. S.) He questioned if it’d be became fuel.

It’s the foremost targeted fuel in history, he tells us, with an octane rating of 99.9. I figure we’ve got enough of a provide to satisfy our total energy wants for the foreseeable future. All we’ve tried to do is keep using the method we have a tendency to do and we’ll have all the Bio-Super we have a tendency to and our youngsters would like.

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