Greg's Note: After overcoming many obstacles, the oil and gas industry is right on track to expand operations in offshore drilling. Gold & Options Trader's Ed Bugos explains how this came about and what other industry will also be benefiting. Pay attention to this opportunity and send your comments to greg@whiskeyandgunpowder.com. Whiskey & Gunpowder
This deal is a must-own for your portfolio… But before I tell you what it is, I want to give you a sense of how big this really is: It's exactly like being there for the birth of the offshore oil and gas industry. This industry, born of the 1970s energy crisis, now produces about a third of the world's oil output. But back in the '40s and '50s, it was still a frontier…a pipe dream, to many. ~~~~~~~~~~~~~Special~~~~~~~~~~~~~ Hidden Government "100-F Documents" That Let You Predict Which Stocks Will Go Up or Down Discover how one small group of Americans uses government-mandated "100-F Documents" to easily predict gains or losses for any household-name stock in America... On at least 58 different dates, each year... And how you can now use these same "secret" documents to post returns as high as 400–600% over the weeks ahead. Click here… ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Geologists today know of some 115 billion barrels of oil and 633 trillion cubic feet of natural gas reserves in the Outer Continental Shelf surrounding America's coastlines alone. There are some 450 operating platforms in the North Sea today, and several thousands in the Gulf of Mexico. It is a trillion-dollar-per-year industry, plus or minus. Thanks to the mother of inventions, offshore drillers have overcome many obstacles (mostly political). And in the process, they have unwittingly laid the technical and legal groundwork for a whole new industry… Until recently, offshore drilling had gotten a bad rap from both political parties. The ban on drilling was first made by George H.W. Bush and has stood until his son recently proposed repealing the ban. Both candidates in the upcoming presidential election had been opposed to offshore drilling but have changed their stances in the recent weeks. Republican John McCain has stood by the president and called for an increase in offshore drilling. McCain attempted to drive yet another wedge between himself and his democratic rival. But even Democratic Sen. Barack Obama has eased off his stance against drilling. Obama stated last week that he would support offshore drilling as part of a comprehensive energy plan. It seems that both sides of the aisle have felt the pressure of rising fuel prices. The winner in these new political concessions will clearly be the offshore drillers themselves. So while the toughest obstacle is finally cleared for drillers, there could be a flood of opportunities made for investors. There is one company I'm looking at. It is this industry's leader. Its founder led the group that co-discovered the 40 million ounce Lihir gold mine in Papua New Guinea (put into production during the late '90s). He is still a founding director of Lihir Gold and a fellow of the Australasian Institute of Mining and Metallurgy. He surrounds himself with old mining hands, including former Placer Dome and BHP executives. I bet you've already figured out that we're talking about a mineral deposit. What's so new about that, right? Get this: It's under the sea. Yes, we are about to see the first major startup in the deep-sea mining industry. If it's anything like the boom in offshore drilling, you'll want to be there. The world's largest gold companies together own over one-third of this company. These players are so bullish on the prospects of this industry they all entered into non-competing and anti-dilution clauses just to get a tiny foothold… Teck Cominco and Anglo American have paid millions of dollars for a mere option to participate in a potential future joint venture. And millions more in direct investments. ~~~~~~~~~~~~~Special~~~~~~~~~~~~~ The Single Best Way to Insure You Never Run Out of Money In three simple steps, unleash a steady flow of work-free income...starting with up to 75 automatic "paychecks" deposited directly into your account. Act now or risk missing the next "payday," on August 15. Find out more about the "Endless Paycheck Portfolio" here. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Anglo and Teck's investments total more than $50 million. Placer Dome alone spent more than $13 million earning a joint venture interest with this company. And in 2006, shortly after Barrick took Placer Dome over, it decided to convert Placer's JV interests into a 9.6% equity interest (which has since diluted to less than 5%) at a deemed price of $2.86 per share. But wait, you may wonder, just how new is this? Outside of a few dredging operations for diamonds off the African coast in recent years, the extraction of minerals from the seafloor is virtually untapped. No one has mined the seafloor, though geologists have long known of its potential… For a long while, they thought that these minerals were deposited as sediments from eroding deposits on nearby land. But it was later realized that the source of massive sulfides on land was the ocean, and that hydrothermal events beneath the ocean seafloor precipitated into a mineral deposit upon contact with the water. In fact, in 1985, seafloor massive sulfide systems were discovered off the coast of Papua New Guinea by a research vessel at a site claimed by our company. Given a few modifications to technology produced by the offshore oil industry over the last few decades, the outcome of a new international treaty on deep-sea mining in the '90s, advances made by our company toward the establishment of the first-ever deep-sea mine this decade and the growing worldwide demand for scarce mineral resources, the time is right for this industry to emerge…and the deep sea mining profits should follow! Regards, P.S.: Advances in the offshore oil industry have aided operations for deep-sea miners. But these technological and political advances aren't the only factors aiding the mineral mining industries. There are several economic reasons why mining stocks are set to soar. Readers of my Gold & Options Trader service already know this. It's time you found out too. Click here… |
Whiskey & Gunpowder Special Reports New "Backlash" Set to Rocket Oil Past $150...and Send Gas Soaring to Over $6 per Gallon The 10 Shocking Reasons for China's Pollution Problem Geothermal Energy: Investment in the Future Here's One Coal Stock That's Set to Skyrocket Investing in Exchange Traded Funds The Real Story Behind the True Gold Bull Market If someone forwarded you this copy, please look here to start your own subscription. Wanna let us know what you thought of today's issue? Now you can... click on this link. Whiskey & Gunpowder is a free e-mail service brought to you by a team of rebellious brigands. If you have not already done so, please click here to confirm your subscription. This will help us ensure you get every Whiskey & Gunpowder without interruption. Are you having trouble receiving your Whiskey & Gunpowder? You can ensure its arrival in your mailbox here. Please note: we sent this e-mail to lemmetry@gmail.com because you subscribed to this service. To end your Whiskey & Gunpowder e-mail subscription, click here. Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice.We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. © 2008 Agora Financial, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Agora Financial, LLC. 808 Saint Paul Street, Baltimore MD 21202. |
