GREY:IPRC - Post Discussion
Post by
optiprime on Mar 23, 2011 11:15am
IPRC plans to use advanced horizontal drilling tec
IPRC plans to use advanced horizontal drilling techniques to recover oil and gas resources already known to be in place.
The reason we see oil prices continuing to rise in 2011 is because world energy demand is ever-increasing, especially with current events:
The middle east turmoil threatens to shut down 20% of the world's oil supply.
Ghaddafi has set key oil sources on fire and seems ready and capable to destroy more as the conflict escalates.
China and India are consuming oil at a record pace, with world demand outgrowing newly discovered supplies.
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