Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Carj, I found it, great article...
U.S. to overtake Saudi as top oil producer: IEA
Reuters) - The United States will overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency.
The International Energy Agency (IEA) said it saw a continued fall in U.S. oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.
"The United States, which currently imports around 20 percent of its total energy needs, becomes all but self-sufficient in net terms - a dramatic reversal of the trend seen in most other energy importing countries," it said.
The forecasts by the IEA, which advises large industrialized nations on energy policy, were in sharp contrast to its previous reports, which saw Saudi Arabia remaining the top producer until 2035.
"Energy developments in the United States are profound and their effect will be felt well beyond North America - and the energy sector," the IEA said in the annual long-term report, giving one of the most optimistic forecasts for U.S. energy production growth to date.
"The recent rebound in U.S. oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity - with less expensive gas and electricity prices giving industry a competitive edge," it added.
IEA Chief Economist Fatih Birol told a news conference in London he believed the United States would overtake Russia as the biggest gas producer by a significant margin by 2015. By 2017, it would become the world's largest oil producer, he said.
This could have significant geopolitical implications, if Washington feels its strategic interests are no longer as embedded in the Middle East and other volatile oil producing regions.
Analysts ask whether an energy independent United States would still be prepared to safeguard major trade routes around the world, such as the Strait of Hormuz in the Middle East.
The United States will rely more on natural gas than either oil or coal by 2035 as cheap domestic supply boosts demand among industry and power generators, the IEA said.
CarJ...
There was aslo a Ruters Article about 3-4 weeks ago
saying the same thing,
it went into the fact that new techologies make it alot more
feasible to extract oil than before and as you said it
stated we would become a #1 Oil producer in the near term
I think there might be a lot of small star-up's like DKGR
is doing now,
MC
That would make sense
I don't see why we would be getting much news before the hoildays
and now would look to be a good time while we are still down
in the trips.
MC
Buff, good post
and I do think it will be a JV (or2)
not a Merger,
A merger takes a year to put together,
but a JV is quick.
MC
Buffalo...
I agree with you,
and I think we will help each other,
I just do not believe it will be through
a Merger ...
MC
buffalo,
as a DKGR Shareholder and with all due respect to SBRH and their shareholders, a Merge? Where as a DKGR Shreholder would that benefit us?
From what I can see SBRH brings no assets or anything to the party, the casino thing is dead and it would further dilute
our share value...
I didn't mind the increase in our shares to build something in PA,
and I beleive we are finally adding some assets, so maybe a future JV with SBRH on some of the other leases, but a MERGE
why would that make any sense for DKGR Shareholders?
Where did you get that information from or if nothing else idea from?
MC
Asher, While I don't know,
I would suspect we really don;t get this train moving
for a couple of weeks,
I mean why put our releases / announcments until the Christmas and New Year stuff is over and you actually get peoples attention?
On the other hand they could release some Oil Production increases at any time, or not and that could effect the price,
Just guessing and opinions on my part.
MC
Neo, What I'm hearing from a lot of Longs 1-3 pennies,
but a lot can change depending on news, activites, potentials,
etc. so your range could go way higher, or not..
MC
Mickey, Correct me if I'm wrong?
We both know if they have good news or
New People coming in, 21m @0006 is nothing,
not even a half days work and they will be gone,
but the reality is if / when that happens most of
those 0006's will get bumped up to a higher number
if they have time before taken out, but they will be taken out
and the longs who have
been gathering shares will hold and hold and then hold
some more, I believe the last I checked
the goal was a couple of cents and that could go
up based on the potential and so forth.
Just saying....
Makes sense, good to hear
Carj, Hope you had a great Christmas,
Mine was outstaning,
I got a Magic Jack,everyone knew I wanted one..
actually they gave me two of them, if you need one...
will try and use it to call and check on things,
Looing for any DKGR Updates,
a good one would help us get past this 0005 stuff and
move up agan,
MC
Merry Christmas Everyone!!!!!!!!!!!!!
Merry Christmas Everyone!!!!
I have 20 lbs. of Prime Rib to cook for Family Tomorrow
Ace Same to you and everyone on the board,
and everywhere else
MC
georgie,
Same to You,
Merry Christmas and Happy New Year,
MC
Let's get it to a penney, because....
Going from .01 to .02 a lot easier than just hitting the
.01, then .02 is easy,
MC
Carj, No, Not worried about the volume,
it will come when it comes,
have a great day, finishing up your
shopping, and keep in touch,
Looking forward to see some Updates on Wells, Oil,
new Plans, etc,
Laker Tickets for XMAS, expensive,
MC
Vegas, Agree
MC
Wipper, true, if that were not the case we would be
hearing how we're going to do the deep drilling into the Marcellus Shale and ZOOM to the top and all kinds of other
cool things,
but Peter does not hype it, just adding a few wells with a few barrels of Oil (weather permitting) one at a time and some JV's,
sort of Steady Eddie Style without the Hype.
Difference, it just takes a bit longer to move the PPS is all.
MC
Dutch, good, the way it should be,
MC
Dutch,
Got my trigger on 3 stocks,
all are ready to run,
could you hold your's back 30 day's
so I can come back much larger...
One can only ask.
MC
Neo, Once you get to 01, 02 is much easier,
MC
Dutch,
Actually if they do have some big deals pending as
you posted from that e-mail a couple weeks back
the timing would be awsome,
if they can't hang on financially until somethig happens,
then it would be a bad investment,
good news is we should know before too long,
hoping for the best, and thanks for your input....
MC
Walker, yes I saw that post a few days ago,
so if they need money to stay in business and
still keep their Word, and they're a Pink Sheet,
Well, hard to find, just hope they can pull it out,
typical California type person though,
MC
With the people coming in,
0006's should turn into 006's in no time,
the timing with expected news makes a lot of sense,
Go DKGR
MC
Dutch,
How much longer until
that 6 mo period is over before they can sell any.
Also, if they need money and stuck to their word on
not selling, you have to more than respect them for that
just hope they can hang on and have something early next year,
MC
Just checking,
Did we loose any Myan Investors Yesterday?
If so, they ain't coming back.....
MC
Carjockey... Welcome
MC
It Looks Like it's about 170 North East of Pittsb, so it's
all in how you want to define it,
thought I was helping but.....
Guess I'm done,
MC
I do believe that recap from Happy Camper may be very valid as I spoke to Peter on Mon or Tues and pretty much the same, she has more detail than I do, and sometimes she has typos, I guess because she's from Canada (that's suppose to be a joke)
but he did not say, who, when, how much or anything like that,
he makes sure he is not spilling any Insider type stuff,
But I did read some time back, (think it may still be on the web page) where they do have other Lease Oil Options for other close by fields, so maybe this is the deal here,and I did hear say before that they planned JV's, beleive they got these options from some guy name Sam.
Not saying this is what is going to happen here as I don't know for sure, but I believe I do know that the existing one that is being slowly developed by them now is in Craneberry PA. if any of this helps...
The wells are shallow wells and as far as I know only producing somewhere between 2-5 BOD, but if you get enough wells up it does add up at todays cost per barrel. I believe the other fields / options have more wells than this one too....
What I have been asking about is the potential to increase the volumes,
it seems to me if you have straight down traditional drilled wells that produce small volums, and you know that there is some oil in the ground, that if you could do horizontial drilling which exposes many times the area that you cover in finding and extracting oil, it just makes sense and since these are shallow wells it would not be all that expensive or at least do one of the better ones to see what the new yield and percentage would generate.
Don't get me wrong, I am no Oil Expert, not trying to pretend to be, just what I'm thinking, No more, no less, so don't read anything into it other than here is this strange poster with all kinds of ideas..
MC
Carjock,
Good luck to you too and all the other
serious people here on this board.
MC
Penney, what we need is
a Private Detective o come in here and figure it out,
Why is SBRH mirroring what we are doing today?
Or, are we mirroring them?
We got some oil, we got the other leases, so
I believe we should be the Leader of the Pack.
MC
OK, I can post here now,
I got a small entry postition of about half million,
tried for days to get several million but didn't happen
What I hate a lot is where people post on the board that
don't even have shares and make their opinions over and over,
didn't want to be one of those guys.
MC
This stock is so predictable....
It makes a small jump, someone got their margin, sells
it go's down, sets there for a few minutes and comes
back up, then if we follow the pattern
something triggers a big run and we go up a few hundred
percent, but was not expecting it until after the first
of the year, but who knows,
maybe just someone(s) getting a position and we're done for now,
or a early fly date and here we go, don't know, not predicting.,
Got my ticket, will see.
MC
I picked up another 2.5 today,
my thinking is the current oil will at worst case
protect our current price and as the numbers
increase it will only grow the price,
but what even motivated me is over at SBRH their
volume and price increased today just before ours
did, weird,
my guess is that with some of the other Lease Options
that we have we may be doing a JV with them,
there was a PR put out there a few days ago that a
announcement in Oil in PA to come out by year end,
either that's connecting the dots, or I shold not even try.
MC
Newb21, Thanks as always,
you have always been more than solid,
wish we had your type more in our board,
tell you what, maybe I could trade 7 of ours
for 3 of yours and a future draft pick,
then again, I would not want to polute your board.,
MC
WildEagle, always good to hear from you,
wonder if they downsized or increased?
That would be good to know,
Me just looking, will take something from the
company to jump back in and would be nice to get
back some of the losses,
but either way, no sour grapes, good board,
good people, that I really liked here,
others are about to pop,
so all good,
2013 should be awsome...
MC
Madd, If he moved the office, does anyone know
where it is at Now?
MC
Badcap, Did you see a update anywhere?
MC
Good Morning everyone...
Just thought I would pop my head up and see if
anything changed, will be out most of the day,
so if a update comes out on the number of wells and Oil
produced, please have someone send me a e-mail alert,
there are a few here that have that info,
Chow, Cheers, Aloha, Skedaddle, Bye...
MC or Merry Christmas.....