Fracking Roundtable-Fulp-Katusa-Schaefer--15.May.2012
- Length: 15:41
- Views: 148
- Author: FinancialSurvivalNet
www.FinancialSurvivalNetwork.com presents As a regular listener to FSN, you know we are extremely interested in seeing the US tap into and exploit its vast natural resources. Recent advances in hydro-fracking technology have led to massive increases in domestic energy production, but they have also caused numerous environmental debates. Finally last week, the Federal Government handed down its much dreaded rules on the practice, which were surprisingly mild and uncontroversial. At the Hard Assets NY Conference I was able to get a round table together with our regular guest the Mercenary Geologist, Mickey Fulp, Marin Katusa, Casey Research's resident energy guru, and Keith Schaefer, a noted authority on the Energy Sector and the editor and publisher of Oil and Gas Investments Bulletin. Together, they all agreed that even Uncle Sam can't and won't stop the energy industry from Fracking. There's no end in sight to the revolution because there are thousands of wells that have been drilled but aren't in production due to the depressed natural gas prices. It amounts to what some would call a free market in energy, and this is perhaps is the biggest shock of all. There's great information here that can't be found elsewhere. We're glad to pass it along to you. Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.
Marc Faber interview on Bloomberg News
- Length: 33:16
- Views: 378
- Author: obront
January 2007 interview ... insights on global investing, gold, oil, fed policy, liquidity
May 14, 2012 India_withdraw from oil exploration in South China Sea
- Length: 1:41
- Views: 29
- Author: FeloniousVendetta
The ONGC Videsh Limited (OVL), subsidiary of Oil and Natural Gas Corp. (ONGC) of India, will retreat from the disputed Block 128 area in the South China Sea, citing technical problems, according to Indian media reports last Saturday. The company signed a contract in 2006 on jointly exploring Blocks 127 and 128 together with the Vietnam Oil and Gas Group. Despite ongoing sovereignty disputes and protests from China, it began test drilling in September 2009. Since then, the company has invested 46 million dollars in equipment and manpower but has not achieved any meaningful results due to extremely tough seabed and other technical problems, the media reports said. India's Ministry of External Affairs told the ONGC on May 12, that it could independently decide whether it will give up. Both the Ministry of External Affairs and the Ministry of Petroleum and Natural Gas of India said that the pulling out of OVL is due to technological and commercial considerations. In fact, OVL has had this idea at the beginning of April after repeated failures to drill through the firm seabed. According to a report by Hindustan Times in April, the company had considered giving up explorations in the area. "Vietnam is a very important partner of India as far as oil is concerned and far as gas is concerned, so our two countries will continue to cooperate. But at the same time when you are investing millions and millions of dollar you want to be sure that there is oil, or there is gas. In those ...
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