Www.Dynamicmarketalert.Com: BP Production Shutdown Drives Oil Prices Higher, and Fuels Discussion for New Oil Sources
Posted on: Wednesday, 9 August 2006, 18:00 CDT
BALTIMORE, Aug. 9 /PRNewswire/ -- With the recent production shutdown of BP's trans-Alaskan pipeline, debates are heating up again on how to find cheap and reliable energy sources. Leading investment publication, BreakAway Investor, is addressing that issue with a new report revealing a source that can unearth 1.3 trillion barrels of needed oil.
"BP's recent production shutdown just adds fuel to the fire that we need new reliable oil sources," says BreakAway Investor's Andrew Mickey. "Oil prices have already climbed $3 because of the leak in the trans-Alaskan pipeline. Add to that the continued instability in the Middle East, and oil could easily climb as high as $80 a barrel by the end of September." All this intensifies the urgency in finding reliable - and cheap - sources of oil for consumers.
But according to Andrew Mickey, there is a potential solution. "There's a 50-year supply of oil that we've known about since the '70s, but the oil industry hasn't been able to reach it efficiently," says Mickey.
"Introduce a new technology that can extract 1.3 trillion barrels of oil hidden beneath the sea," adds Mickey, "at a cost equal to or less than pumping oil from Middle Eastern wells - and this could be the answer to our current energy crisis ... potentially driving oil prices back down." To learn more about the ongoing energy crisis and this new technology, please visit the special report at: www. dynamicmarketalert.com/deapseaoildma0606.html.
BreakAway Investor (http://www.breakawayinvestor.com/) and the daily free e-mail market column Fear and Greed (http://www.fearandgreed.net/) cover trends and carefully researched individual stocks expected to dominate the market and double in value over a short period of time. Both are affiliated with the Taipan Group, LLC, a Baltimore-based publishing company headed by J. Christoph Amberger, author of Hot Trading Secrets, and the free e-letter, Dynamic Market Alert (http://www.dynamicmarketalert.com/).
For more information on this report, BreakAway Investor, the Taipan Group, or to schedule interviews with the BreakAway Investor team, please contact Laura Cadden via e-mail at lcadden@taipangroup.com, or at (410) 864-1642.
Dynamic Market Alert (www.dynamicmarketalert.com)
CONTACT: Laura Cadden, Taipan Group, +1-410-864-1642,lcadden@taipangroup.com
Web site: http://www.breakawayinvestor.com/http://www.fearandgreed.net/http://www.dynamicmarketalert.com/
Source: PRNewswire
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