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Massive Oil Discovery in Australia

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October 29, 2013 - It is 6 times larger than the Bakken, 17 times the size of the Marcellus formation, and 80 times larger than the Eagle Ford shale. All told the recent discovery outside a sleepy Australian town contains more black gold than in all of Iran, Iraq, Canada, or Venezuela. The current estimates of 233 billion barrels are just 30 billion barrels shy of the estimated reserves in all of Saudi Arabia. Now, one renowned international energy expert predicts the proven reserves will be much bigger. "The find may land at 300 or 400 billion barrels, making it one of the greatest unconventional oil discoveries any of us will see in our lifetimes," says Dr. Kent Moors and advisor to six of the top 10 oil producers and active consultant to 20 world governments.


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http://www.disclose.tv/news/Massive_Oil_Discovery_in_Australia_Is_Deathblow_For_Saudis/95307#ixzz2lUBAebet

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