Saudi Economy to Run on Empty by 2020

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Saudi Economy to Run on Empty by 2020 By Keith Kohl | Tuesday, January 28th, 2014 I have to tell you something: I love it when OPEC — and especially Saudi Arabia — is in full-blown panic mode. And that's exactly what's happening as you read this. In fact, I'm surprised there hasn't been a report that the spoiled Saudi prince Alwaleed bin Talal — the 26th richest man in the entire effing world — was scolded in public for his remarks to a Canadian rag a few weeks ago. If you missed it, here's what he said... "The new shale oil discoveries are a threat to any oil-producing nation in the world," he said in an interview with The Globe and Mail. "Definitely it is a worry and concern... It is a matter of survival." This follows an open letter he wrote last May to the Saudi oil minister begging him to realize the danger the U.S. oil boom poses to the Middle East and pleading with him to help diversify the Saudis' oil export-dependent economy. Advertisement Size. Does. Matter. Right now, four publicly-traded gas companies are secretly inking the largest energy contract in history... A contract so profitable, we've never seen anything this big before. A contract that lets this group collect profit margins 1,740% larger than the average "successful" oil & gas company. A contract you can read about and profit from right here. It's unclear what options are available to them (if any). But we do know one thing: He's right to be sweating in his keffiyeh. After all, how would you feel about America's current oil boom if you were part of a ruling family whose power rested on its ability to corner almost 20% of the world's proven oil reserves? Or maybe he's actually fretting about his own country's finances. He's already admitted publicly that, thanks to the shale revolution, any country that gets 92% of its budget from oil exports is in for a grim day of reckoning. Or he could be fixating on another number: seven million. That's how many barrels of oil per day the U.S. is now producing, up two million since 2008. Though if I were him, I'd be worrying about the scariest number of all... 2015. That's the year the United States is projected to surpass Saudi Arabia and Russia as the world's largest oil producer, according to the IEA. It must make their heads spin. Just five years ago, no one had ever heard of fracking. By 2010, the U.S. had already become the world's largest producer of natural gas. And just four months ago, we began to produce more oil than we import for the first time in decades. This comes just as OPEC itself reveals demand for its oil fell by a half million barrels per day last year. It expects a similar decline for 2014... Make no mistake: Thanks to the shale oil revolution, OPEC is on the run. A perfect storm of improved U.S. fuel efficiency, rising renewable energy capacity, and — most of all — fracking technology is bringing forth the day when the Middle East is just a pile of sand and we can get enough of that black goo without them — more cheaply and terror-free. And it all begins with a 70-square-mile area in Western Texas... Advertisement Put Your Money Where Your Country Is Right now, one company holds the key to a MASSIVE oil deposit right here in America... For now, shares trade for around $8, but I can't see that lasting much longer. You see, this company is sitting on a liquid gold mine that's bigger than five U.S. states combined. Conservatively speaking, I'm predicting easy 700% gains here. But I'll warn you... the faster you move, the more you stand to make. Check out the full scoop in this exclusive presentation. I Call it the Petroplex Midland, Texas is in the heart of the Petroplex. It had been the place to be in the 1970s... until oil production there peaked. Ever since then, it was seen as a has-been town. In fact, it wasn't uncommon to see bumper stickers there that read, “Lord, give me another oil boom — and I promise not to blow it.” Apparently God heard their prayers. He's given them another oil boom. But this doesn't seem like a test — there's simply too much of it this time for Midland to squander it... There are 85 billion barrels below the surface, according to most estimates. And companies have been scrambling accordingly. All throughout the country, oil giants have set their sights on Midland. $100 million from Chevron, $30 million from the energy conglomerate Total... and an L.A. hedge fund manager even saw fit to invest a whopping $350 million in companies involved in Midland! It's all from the lure of Petroplex — the energy project in Midland that is changing the world and reshuffling the global balance of power. I love it. It's time for the U.S. to get its revenge. Let Me Show You How to Invest in OPEC's Obliteration Reading headlines about massive land purchases from the oil giants, it can be easy to think these players have gobbled up every piece of the pie... And the secretive nature with which some of them go about it doesn't help to make the picture any clearer. That's why I've put in hours and hours of exhaustive research to examine the market and identify the remaining players. Here is what I've found... Click here for your free report. Because the time to cash in on the shale revolution is now. The party's about to start. And OPEC's misery has just begun. Until next time, Keith Kohl @KeithKohl1 on Twitter A true insider in the energy markets, Keith is one of few financial reporters to have visited the Alberta oil sands. His research has helped thousands of investors capitalize from the rapidly changing face of energy. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital as well as Investment Director of Angel Publishing's Energy Investor. For years, Keith has been providing in-depth coverage of the Bakken, the Haynesville Shale, and the Marcellus natural gas formations — all ahead of the mainstream media. For more on Keith, go to his editor's page. I liked this article | I did not like this article Follow Energy and Capital on The Bottom Line Recently... Abandon All Hope, Ye Who Don't Drill Deep What Keeps the Prince Up at Night I Just Bought 400 Shares of THIS Stock South Texas Oil Stocks with a Kick A 3D-Printed What!?

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