A "Flood" of Profit to Come from This Oil Technology

The Penny Sleuth Features: Penny Stocks, Options and High-Growth Opportunities! A “Flood” of Profit to Come from This Oil Technology By Byron King March 9, 2011 Dear Penny Sleuther, The U.S. oil business relies on large amounts of capital input - big capital, spread out over a continental scale. The effort needs lots of skilled labor. The effort has many, many moving parts. And many of those parts are old and getting older. According to the Chevron executive, “My greatest challenge is to manage a large array of aging assets.” Watch This: Nine Easy Ways You Can STILL Get Rich With Gold Is it too late to get rich on gold’s bull run? Not according to this stunning new report. You’ve got at least NINE new ways you can still pile up new gains on the yellow metal’s surge. Click here to watch the video and find out how. In the Permian Basin, Chevron is producing oil from fields discovered many decades ago, often using pipe and equipment that was installed decades ago. Oh, it would be nice to rebuild everything with new steel and equipment, and all the latest automation. But you can only justify so much new investment wells that produce 6.5 barrels per day before it’s cheaper to plug them… This New Technology IS Working At the same time, the modern U.S. oil business is not just all about managing legacy assets. For all the oil that’s ever been pulled out of the Permian Basin, MOST of the original oil is still down there, in the source rocks and in reservoir rocks that won’t give it up very easily. So Chevron is using the Permian Basin as a modern laboratory for new oil recovery techniques. There’s still a lot of oil down there, but now it takes more imagination, capital and technology to extract it. 6 Penny Stocks to Own Right Now… Greg Guenthner, editor of Penny Stock Fortunes is giving away SIX penny stock recommendations to all new subscribers! But you must hurry because these plays could explode at any time. Click here to watch the presentation now. With some old reservoirs, Chevron is pumping CO2 to “flood” the reservoir, mix with the oil in place, and then move that oil out of pores in ways that traditional water-floods won’t reach. In fact, Chevron is working on ways of making the oil less viscous via CO2, and then “sweeping” the reservoir with water floods. The idea is to increase recovery from the reservoir, to get every drop that will possibly flow. Chevron is also drilling new wells into formations that were not, traditionally, oil producers. Up until now, the rocks had something “wrong” with them — such that they didn’t give up the oil. Indeed, some new types of oil bearing rocks have the permeability (“impermeability” is a better word) of granite. But the kinds of hydro-fracturing that we see in shale formations is also beginning to yield a lot of “new” oil from tight formations. 2.3 Billion Barrel Discovery… 1 Company Owns 90%? Harvard geologist Byron King recently released this video presentation. When you watch it you will hear about the “Oil Kitchen,” a potential 2.3 billion barrel discovery off Africa’s west coast. Time Magazine calls this part of Africa “an oil and gas bonanza just waiting to be tapped.” Shockingly, a tiny Canadian company controls 90% of several large blocks in the region. Byron predicts this could result in a 3,577% gain for fast movers! Because of this, I urge you to click here now to watch Byron’s presentation instantly. Chevron had eight, powerful pumper trucks all lined up. These pumpers were just roaring away, pushing barrels of fracturing fluid (mostly water, with chemical additives and propping-sand) down the hole. The idea is for the fluids to work their way into the rock formation, and literally crack open a series of fractures as far away from the well as the energy will carry. Then when the water comes back out, the sand that’s been mixed will stay in the fractures and hold them open. This makes it easier for oil to move out of the rock formation and into the well. According to the University of Texas Bureau of Economic Geology, there may still be 60 billion and more barrels of oil left in the Permian Basin — half the oil reserves of Iraq, by way of illustration. The trick is to develop technology to get it out. It’s the new tech — with companies like Chevron out in front — that will keep the Permian Basin supplying oil for another 100 years — and offering new investment opportunities in the process. This is one technology you will want to keep your eye on. Until we meet again, Byron King P.S.: I have some groundbreaking oil plays in my Outstanding Investments portfolio. If you would like more information, simply click here. Why Oil Could Shoot to $150 a Barrel Overnight — and How You Profit An oil “super spike” could send prices over $150 a barrel — overnight. If you move quickly, you can get FOUR different ways to profit from oil’s rise right now. Better yet, you can get all FOUR ways to profit 100% FREE! Get all the details on this amazing, timely opportunity — here. A “Flood” of Profit to Come from This Oil Technology is featured at Penny Sleuth. The Secret $200 Retirement Blueprint Investing in Penny Stocks What Is Technical Trading Follow the Penny Sleuth on Twitter, here. Become a Facebook Fan of The Penny Sleuth, here. The Penny Sleuth, a free e-letter, offers independent news and commentary on small cap stocks, options and high growth opportunities. We sent this e-mail to KNUMASSCN@gmail.com because you or someone using your e-mail address subscribed to this service. Are you having trouble receiving your Penny Sleuth? You can ensure its arrival in your mailbox by: Whitelisting Penny Sleuth. 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