This Massive Discovery Has Put The Saudi’s Into a Panic

By Money Morning Staff Reports

It’s the biggest find in 50 years and the media is completely ignoring it…

It is 6 times larger than the Bakken, 17 times the size of the Marcellus formation, and 80 times larger than the Eagle Ford shale.

All told what was recently discovered outside a sleepy Australian town contains more black gold more than in all of Iran, Iraq, Canada, or Venezuela.

With current estimates at 233 billion barrels its just 30 billion shy of the estimated reserves in all of Saudi Arabia.

According to one renowned international expert, THIS MASSIVE DISCOVERY could eventually dwarf the oil rich kingdom as the original estimates are revised.

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An advisor to six of the top 10 oil producers and active consultant to 20 world governments, Dr. Kent Moors now believes the find, “may land at 300 or 400 billion barrels,” making it one of  “the greatest unconventional oil discoveries any of us will see in our lifetimes.”

“It’s represents a bona fide redrawing of the global energy MAP as we know it,” Moors says, “and the mainstream media is completely ignoring it.”

Where the Hell is Coober Pedy?

But to people who call this place home,  the oncoming oil boom means nothing will ever be the same  ($20 trillion worth of oil can do that to a town).

It’s centered around a place called Coober Pedy, an inhospitable speck on the map in Southern Australia.

Founded in 1915, Coober Pedy had long been the home to a scarce 1700 people who lived in residences literally carved out in its caves.

Now another 20,000 people have suddenly flocked there, making it one of the hottest real estate markets in all of Australia.

Considering the conditions the sudden stampede is remarkable – there’s little to no water and temperatures routinely reach above 100 degrees Fahrenheit.

While it’s obviously still just the beginning, Coober Pedy REAL ESTATE AGENT Di Enders says her phone has been ringing off the hook SINCE THE NEWS BROKE.

“I’ve had so many calls, you wouldn’t believe it,” she says. “My brain is about to explode.”

“People renting don’t want to surrender their houses, they know they won’t get another one,” she says.

The big draw is the riches about to be pulled out of a vast geological structure called the Arckaringa basin.

Encompassing an area in excess of 30,000 square miles, what’s buried within the basin is enough black gold to completely change the global oil landscape-not to mention the lives early INVESTORS.

Analysts now believe ground zero will be much like is was in Saudi Arabia in the 1950’s.

And according to the inner circle briefing below by Dr. Moors, there’s one little company that controls the whole thing.

And since Arckaringa footprint will be beyond extensive, hundreds of wells, massive infrastructure networks, gathering systems, pipelines, processing facilities and support services will vital.

The Death Knell for OPEC

The MASSIVE FIND has been likened to the Bakken and Eagle Ford shale oil projects in the US, which have created legitimate boom times in Texas and North Dakota.

The outflows from these areas have been so big they have given way to predictions that the US could overtake Saudi Arabia as the world’s largest oil producer as soon as this year.

Even at the lowest estimate, the Coober Pedy fins is set to make Australia a net oil exporter; at the higher estimate, Australia would become one of the world’s biggest oil exporters.

“What we’re seeing up there is a very, very big deposit,” says South Australia’s mining minister, Tom Koutsantonis, “If the reserves and the pressure was right over millions of years and the rocks have done the things they think they’ve done, they think they can extract vast reserves of oil out of South Australia which would have a value of about $20 trillion.”

Dependence on OPEC’s crude is already slipping as the U.S. and Canada unlock unconventional oil supplies from deep underground shale deposits with new drilling techniques.

Now there’s even more completion bubbling up from “Down Under.”

Given all of the trouble in the Middle East, the Saudi’s have good reason to be alarmed.

 source

  • This Bloke

    Coober Pedy is a mess. The entire area has been ripped to shreds with opal mines – the tiny hills of dirt from the holes range as far as the horizon in every direction. There are desecrated kangaroo corpses every 50m along the roads due to the giant road trains that tear up the single road leading in and out. There is not a single tree for as far as the eye can see; but the local supermarket has every type of Cadbury product known to man. The sky is a barely-visible haze of dust and sand blown up by all the soil dug up from the opal mines. The last thing it needs is to have even more of the land ripped apart with even more huge machines for even more mining. Haha…fuck.

    • pokenhorn

      Sounds like my kind of place. Forlorn, bleak, and loaded with oil. Who gives a rip if it gets scarred a little bit in the process; it might be an improvement. Drill away !!!

      • frank

        Yeah, and who cares if we’re being poisoned with Fukushima radiation? As long as we’re benefiting from the energy. Are you ignorant or just plain stupid?

    • John

      Have you ever seen Saudi Arabia? Not what one would call a vacation mecca.

      • Warpmind

        …So hard to tell on the internet whether or not someone is sarcastic or not…
        you ARE aware of where Mecca lies, right? 🙂

        • Maria

          “The new Mecca” is a famous quote widely used across the globe in instances when something great is about to happen or has happened..
          Mecca is the worlds’ Holy City.
          http://www.brainyquote.com/quotes/keywords/mecca.html

        • Brad

          Do you think one minute, that Saudi Arabia as a continent,was a part of the subductionB-)

      • fuck mecca !

    • Peter

      If this is true, and it still is an ‘if’, it could finally make South Australia recognizable as a State of Australia, instead of the poor cousin that gets no attention. That is of course, unless the local politicians screw it up like they are in the perpetual habit of doing!

    • My Tin Foil Hat

      Boo to “This Bloke” Boo! Your a Greenie wanna be…

  • Jack Mehoff

    Cunty cunter cunt faces.

    • Tony Bishop

      Good one Jack Mehoff …I like your Writing.

  • Dan

    The HYDROGEN ECONOMY has started please learn how to particpate

    http://www.securesupplies.biz

  • Stephan Williams

    Leave it in the ground and build a solar farm on the surface. Bloody idiots.

  • Mark

    Ahhhh something else for the Chinese to own!

    • surako

      So, everyone agrees (except the Chinese of course) thinks the Chinese are greedy and crazy.

  • Kylie

    Is this real or has someone just made this up to make their property more valuable/sell-able!!??

  • rukkus

    yay! tell America. cos after all, WHAT THIS COUNTRY NEEDS IS ANOTHER WAR!…. twats

  • rwcoleman

    what’s with the truck in the picture? was it used in opel mining in the olds?

    • BMac

      The truck is an old ‘blower’. Basically part of the opal mining kit. As they dig, the dirt has to be removed and this truck is hooked up to hoses and basically acts like a vacuum cleaner with no bag.

  • Todd

    As a former resident who lived there for 23 years i beg to differ with the quote Now another 20,000 people have suddenly flocked there,” you have no clue or idea do you. That qoute is way way off as no flock of 20,00 people have flocked there. and this quote The sky is a barely-visible haze of dust and sand blown up by all the soil dug up from the opal mines is wildly inaccurate as a photographer and former resident of Coober Pedy it has some of the purest air and clean,bright and vivid Sky than all the major city`s. The person who wrote the above article most likely never went to Coober Pedy in the first place and posted woefully inaccurate statistics and comments.

    • BMac

      Agreed. I lived there in Hallion street and worked at the Opal Inn. Stupid comments from idiots who obviously never lived there. 20,000 people and a dust haze… lol

  • Good news!! no more dependency… sometimes sacrifice is need it!

  • Yes the find is real. Sure 20,000 peeps have not flocked there the Seppo’s behind this infomercial will stretch the truth to suit themselves because they want your 500 bucks.

  • David J

    Mmm….sounds great!
    Be very interesting to see how this all gets handled…
    Who has the rites, who will have the control, will the Australian military need to beefed up etc.?

  • concerned

    I read the other day how farming takes vital nutrients out of soil! Something has to be done! The rapeing of our planets soil must be stopped! Eventually we won’t have any if we don’t act now and tearing up the ground causes dust to make dusty air all around innocent farming communities!

    • Tired

      I sure hope your kidding no one could possibly be that fu**ing stupid

    • Erik

      Vital nutrients in our soil? Is there any of that left? Mans greed has completely ruined agriculture. Look into Monsanto and other criminal companies who create genetically modified crops to withstand the massive doses of roundup that is put in the soil and guaranteed to pollute any pure sources left with their runoff and cross contamination of honest farmers field which then they rush in and claim that farmer stole their seeds and the honest farm is no longer. All of this created by greedy politicians, FDA and mega-companies worldwide that have become so evil that the majority of the worlds food source is killing us. You cannot take and not give back to the land, I doubt they even know what compost is. I could definitely see the US barging into Australia to rape the land, all they have to do is create a excuse to do so, kinda like 9/11 and the careful evil planning that our own country used to go to the Middle East. Everyone take care of each other and do not believe what the media tells you, sandy hook was fake, the boston bombing was fake, movie theater shootings all of these events are created to carry on whichever agenda they have going at that moment. Check out Max Igan at crow house, he puts it all into perspective of what this planet needs to do to turn things around.

  • Don Campbell

    OK. Let’s introduce a mining tax so us workers might get a tax break

  • mark hannon

    I will not be selling my soul for a dollar but i am sure many will.
    I hope they can live with the guilt they will carry around with them
    till the end my dear friends.

  • Jeremy

    Junk journalism without accountability. Where is the evidence that the Saudis are “panicked”? All current numbers are speculative and estimated. How about we all CALM DOWN and wait to see what the real numbers look like after the company completes its exploration program. If you are genuinely interested you could take a look at the web site of the company who owns the rights to explore the area – Linc Energy. All their public announcements are bound by the rules of the Australian Stock Exchange and therefore fully accountable.

  • Gareth Gates

    What would Will Young say?

  • Here comes the US gov’t to take the oil..lol

  • Does this discovery lower the price of all in the market?

  • janine maxwell

    This whole thing happened last year …. 24th January, 2013. Get your facts straight, people!!!!
    Nothing has changed

  • walt

    Well, looks like the USA has another country to invade for oil.
    Should have kept this find under your hat.

  • I read about this report on the linc website about twelve months ago, all the figures are only estimates and at that time they still had no idea exactly how much oil is down there and even if there is oil there not even sure if they can get it out of the ground, current fracking methods will not get the oil out of the ground

  • Astrid

    I presumed we will all be driving electric cars in the not so distant future is oil really going to be so important?

  • Sooooo, anybody want to move to Australia and and get into the oil biz with me?…jk

    • jay

      id like to that Mark!

  • Moab

    Lets drill em global heating is built of bull shit info so the governments can find another way to make money from the loss of profit in smoking tax and introduce a new tax. In turn this makes companies stream line and it ends up the working man get cut making his/her family hurt more in already difficult times…

  • Rick

    Yahooo, just what the world needs: more oil to burn!
    How bad does it have to get, before we wake up to what is actually happening to the world climate?

    Despite the hidden spend last year of $1BN by the US conservatives on support for “independent” think tanks debunking climate change, the simple fact is its happening.

    According to this article [google: “The great dying redux” by Dahr Jamail] by 2018 Professor Peter Wadhams, a leading Arctic expert at Cambridge University predicts a 95% probability the Arctic will be ice-free in summer.

    The real issue is not the CO2 gas, it is the methane gas coming into the atmosphere as a result of the ice melting. It is “23 times as powerful as CO2 per molecule on a 100 year basis. And it is locked in the ice

    So what? Read the article, and take a deep drink of reality about the result of us continuing to burn fossil fuels at the rate we are.

  • If the drill goes ahead, what’s not to say that our lovely American ally (the American Government) won’t “pay us a visit”… as we all know, America does not handle competition well & has had a tendency to invade other countries for “political” reasons.

  • The fact that the Technology has surpassed fossil fuel burning for a hundred years now at least, that should be an indikator off something is very wrong. When we know that there are alternatives to poluting ourselves, why do we keep on doing it?
    Is the human race really that selfdestructive?
    The inventions of Nicola Tesla are just a few of the examples invented more than a hundred years ago, that makes it idiocy to keep on using fossil fuels.
    Ofcourse I know that we have created all of the vehicles, and that we can’t just make Them disappear and replace Them with new vehicles for everyone. That’s why I Think that what the carmanufactures are doing, is on the right path, and slowly making the engines run longer and longer on a gallon of fuel.

    Even though I Would prefer to make the engine in my own car run primarely on hydrogen, this is still a fossil fuel, but used in the right Way, it Can actually produce destilled water out of the exhaust instead of CO2.
    This is a Discovery I’ve made a few years ago, and it’s Called the hho drycell.

    Unfortunately I’m not able to get it on and start rearranging the engine of my car, because it can’t stay still for the time it takes to rearrange it. But please do check it out and keep on drilling, as you still need the Gasoline to start up the process of the hho drycell.

  • Geoff

    Sounds like the hook of a ‘pump and dump’ share scam. The discovery is old news and no, OPEC aren’t panicking about it. It’s shale oil and is more expensive to extract. Will it be valuable in the future, yes, probably. But not yet.

    Don’t bother.

  • wanda

    I live in Coober Pedy, Please let me know where the 20,000 new arrivals are. They certainly are not here in Coober Pedy. This article is a full of lies

  • wanda

    I live in Coober Pedy, Please let me know where the 20,000 new arrivals are. They certainly are not here in Coober Pedy. The article is a full of lies. This must be one of “The wolf on wall street” scams.

  • Eddie

    Great, does this mean we can enjoy the same price for fuel as the Yanks. Or will sell it overseas. & pay a premium price to buy it back in!

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