TSXV:WEE.H - Post by User
Comment by
bjgnomeon Aug 18, 2006 12:07am
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Post# 11242370
RE: WEE's $10 Target Revisited:
RE: WEE's $10 Target Revisited:In case anybody missed Stockhouse front page... Ghawar is on life support, does it need WEE?
Something is behind this rise... someone knows something more than us. News regarding ASR lawsuit? New contracts? Halliburton getting us installed in the ME? I guess we'll consolidate a bit here. Fine by me.
BJG
Pure Energy: World's Largest Dying Oil Field
Thursday, August 17, 2006
By Luke Burgess
Click here for StockHouse Conflicts and Disclosure Policy
Page 1 of 5
Why we can't continue counting on the Saudis
Believe it or not, one oil field accounts for 6.25% of the world's daily global production -- about five million barrels a day. And unfortunately for the world, few people know the lies, scandals, and realities surrounding Ghawar, the world's largest oil field.
Real estate so hot, even Donald Trump can't touch it
Nearly 125 miles east of Riyadh, in the kingdom of Saudi Arabia, exists the most expensive and exclusive real estate on the planet.
How pricy is land here?
All exaggerations aside…priceless.
Yet this 1.3 million acre stretch of real estate contains no Hollywood-style, gazillion dollar mansions. There are no private beaches or hoity-toity, aristocratic shopping. There are no elite golf courses or exclusive vacation resorts.
No…There's almost nothing at all.
Just a big, dead, empty desert.
Yet this virtually-uninhabited stretch of desert has made literal tycoons out of once nomadic tribesmen in just over 50 years.
How was that possible?
Actually, it was quite easy.
You see, lying deep beneath this scorching, desolate landscape sits the largest and most important oil field in the world: The Ghawar Oil Field.
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https://www.stockhouse.com/shfn/editorial.asp?edtID=18589