energy market he's ever seen. “I've been in the energy business my entire career and I can assure you this 81-year-old has chased down more deals than anyone you'll ever meet. A lot of those deals didn't pan out, that's just how the game is played, but every now and then a big kahuna comes along. When it does, you'd better jump on it. Right now that sort of game changer has landed right in our lap.” For the 1st time in 16 years, US oil rigs now outnumber natural gas rigs, chart: files.dailywealth.com/images/psi-chart8.jpg In 2005, just 11% of the drill rigs in N-A were drilling for oil. Today, it's more than 75%. This isn't rocket science. Less drilling for gas means less gas, just as demand for gas is soaring !

Eric Marsh, Exec-VP for Encana a leading N-A energy producer says, “Today, there're more than 12 million natural gas vehicles worldwide but less than 1% of them are in N-A. Yet our continent has the most to gain, economically, environmentally from fueling its vehicles with natural gas.” Replacing 3.5 million heavy-duty vehicles with natural gas would save more than 1.2-mln-brls-oil-pr-day. This is more than the US imported from either Venezuela or Saudi Arabia in 2009. Here's what T-Boone-Pickens has to say. I'm sure you know his name. The legendary oilman, investor has probably been the most outspoken advocate for natural gas over the past decade. He knows what's happening with shale production is real. It's the biggest change in the

switch from diesel to natural gas right now in America. Waste Management, North America's largest commercial waste Co recently added its 1,000th natural gas truck to its fleet last summer. It's committed to converting its entire fleet of 18,000 trucks from diesel to natural gas. For every truck that's converted to natural gas, an average of 8,000 gallons of diesel fuel will be saved a year per vehicle. That's a savings of over $19,000 in savings per truck. You don't need a mandate from Congress to make these kinds of changes when the economics are so compelling. So, as you'd expect, W-M isn't the only big Co making the switch. Wal-Mart, AT&T, UPS, FedEx, PepsiCo, Verizon are just a handful of the names converting to NG. P-Stansberry

price of natural gas in the US is roughly 75% cheaper than the intl price. Such a dramatic difference in price in the same commodity, energy, won't exist for long. Likewise, the huge discrepancy between the price of energy in the form of natural gas compared to energy in the form of oil won't last for long either. 2 things are happening, which'll cause prices for energy to equalize. 1st traders will find ways to export US natural gas, moving supplies into foreign countries where the price is higher. 2ndly, domestic consumers of energy will shift from using expensive sources, like diesel, coal, to vastly cheaper sources, like natural gas. That's exactly what's happening right now with the US's biggest energy consumers. They're making the

Just as intl price discrepancies foreshadowed a glut of natural gas, supplies of oil are building in the US market to record levels. In June 2012, according to the US Energy Info Agency, US crude oil inventories hit an all-time high for that month. Furthermore, crude oil inventories have almost never been larger since 1983, which was just before the historic collapse in oil prices that saw gas selling for 55-cents per gallon. 10-yr Crude Oil Inventory Chart files.dailywealth.com/images/psi-chart7.jpg This is another best sign that the shale oil boom is real. America's surging oil production is going to change everything we think we know about energy. Right now, the Right now, the price of natural gas in the U.S. is roughly 75% che

that the US was a superpower in the 20th century but won't be in the 21st doesn't hold up so well now. Compare us to countries like China, which're going to be overwhelmingly dependent on energy imports. The US is in a much stronger position.” A sharp unprecedented increase in US crude oil drilling rigs are in operation. That means an unprecedented increase in US supply is around the corner. The US is still in its infancy for shale drilling. There's still a huge shortage of drill rig supplies, fracking crews. If you doubt any of this view this chart: files.dailywealth.com/images/psi-chart3.jpg Oil is now much cheaper in the US than it's in the rest of the world. That's a startling development that hasn't happened in more than 40-yrs !

way." He dubs this the age of the “tight oil renaissance.” This news of energy independence couldn't come at a better time. Our currency has been in dire jeopardy. Unrest in the Middle East has caused soaring oil prices and has put pressure on the US-$ as reflected in huge US trade deficits. Last year alone, petroleum accounted for 44% of America's $700-billion trade deficit. As Edward Morse, former US diplomat, now global head of commodities research at Citigroup says, “The 2 vulnerabilities of the US as a global superpower have been its dependence on imported oil and its current account deficit. Now it may be in the process of resolving both of those.” Obviously, that's great news for our country, as Mr Morse explains: “The notion

Most people believed this could never happen, that we'd already reached “peak oil” and that production rates would only fall. But those predictions were simply wrong. Once again, new technologies, daring entrepreneurs and $-billions in investment capital have changed everything in the oil business. Amy Myers Jaffe, energy expert dir Baker Inst Energy Forum at Rice-Univ, summarizes the info we have now: “By the 2020s, the capital energy will likely have shifted back to the W-Hemisphere,” due to both the stable political environment and of course the new technologies of horizontal drilling and fracking. There's also Pete Stark, a former geologist for Mobil Oil, who agrees, “A huge production revival through 2020 with tight oil leading the

And they'll convert this power into a new kind of American socialism. Just like Hugo Chavez has done with Venezuela's oil riches. Obama will take America's natural bounty, convert it into a giant political slush fund. Soon, you'll see the crowds out cheering for him, demanding a 3rd term. It's Not A ? Of If, But How Soon ? The 1st thing you have to realize about this shale development is the sheer size of the trend. G-Sachs is predicting the USA will be the leading producer of oil in the world by 2017. It sees American oil production reaching 10.9 million barrels a day by 2017. That's more production than Russia, Saudi Arabia. US production at those rates would eclipse the 1970's 10-mln-bp-day all-time high daily production in the US !

of the initial American shale play, Bakken/Three Forks in N-Dakota and Montana could become a big Persian Gulf producing country within the US. But there are more than 20 big shale formations.” That's why Goldman Sachs, the most dominant investment bank in the world, is now predicting that Americal the good ole US of A, will outpace Saudi Arabia in oil production before the end of this decade. In 2011, the US saw a new all-time high amount of natural gas production. We're not running out of fossil fuels. Prices, naturally, have fallen to decade lows in response to the massive increases in natural gas supply. The exact same thing will happen next to oil ! The same technologies, horizontal drilling, hydraulic fracking, are now at work

The Rep-Party needs to get rid of the RINO's and Neo-Cons ! We need to vastly increase womens role in the Rep Party, admit and apologize to Ron Paul, Gary Johnson supporters that their views on the issues were election winners, by getting more moderate, independent, women, minority votes, and for not treating them right. Then open the door really wide for them, your choice, shall it be more "less-chance-of-reversing-defeats" or, bring them all back in and onto victory from now on into 2014, taking back the US Senate ! The Obamas, P-Geithner, CIA, Ford Country: Building an Elite for Indonesia - cia-on-campus.orginternatindo.htm cannonfire.blogspot.ro/2009/02/tim-geithners-dad-barack-obamas-mom-and.html obamasrealfather.com/press