Wednesday, August 8, 2012

Fwd: The Saudis are Struggling

Is Saudi producing less oil?  Are its oil wells productive?  Is KSA running out of oil?

Or is it consuming more energy than it produces..

---------- Forwarded message ----------
From: Energy and Capital <eac-eletter@angelnexus.com>
Date: Tue, Aug 7, 2012 at 7:14 PM
Subject: The Saudis are Struggling



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The Saudis are Struggling
By Nick Hodge | Tuesday, August 7th, 2012
nick  hodgeThe Saudi oil game is all smoke and mirrors.
Yes, they're producing record amounts of oil. But they're also burning more than they ever have.
At this point, the Saudis' own consumption is gravely impacting its exports.
Normally that would spell trouble for the U.S., being it's one of the Saudis' best customers.
But thanks to newly discovered reserves, we're in the best energy position we've been in in years.
What's more, one company — found by our own Keith Kohl — has the technology to unlock copious amounts of oil and gas locked beneath our soil.
He says it's going from $6.00 to $100 as America produces more oil and Saudi Arabia exports less.
Call it like you see it,
Nick Hodge Signature
Nick Hodge
Managing Editor, Energy and Capital






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