The Need For More Energy, REAL FAST
The U.S. uses approximately 20 million barrels of oil a day, but only produces 6 million barrels a day. A rather large deficit. Right now, America relies on imported oil to bridge this gap. There is an increased demand to develop home grown solutions for this energy crisis.
In our opinion, there are three major catalysts that will cause gas prices to breach American’s breaking point in the near future.
Number 1: The dollar is in a state of collapse caused by a continuous increase in the money supply by America’s central bank.
Number 2: Instability in the middle east and potential war with Iran would greatly disrupt the supply of oil.
The important thing to take from all of this is that there is opportunity for energy companies to supply the need for some home grown solutions to the energy battle this country will inevitably face.
A Gold Rush Style Oil Boom In Kansas
Right now in south central Kansas, 5,000 feet below the earth’s surface is Oil-Rich Mississippian Lime formation which is being currently drilled into by huge rig grinds. Many are setting out to discover oil and gas in these regions that could potentially yield some major returns for producers and the Kansas economy. Speculators are lining up at the courthouses for land that once went for $30 per acre and now are paying $3,000 per acre. Many are anticipating a major boom to spring forth and anticipates this boom to spread across the central Kansas prairie. Companies have already reaped fortunes off the Mississippian Lime Play in Oklahoma and are now following the rock formation northward into Kansas, where millions of acres of mineral rights have been leased in the past two or three years.
Historically, the mid continent region of Texas, Oklahoma, and Kansas have produced more oil than any other region in the United States and the the story in this region is yet to be done.
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