Oil Drilling

Reply Tue 16 Mar, 2010 02:55 am
The need for oil and gas is increasing everyday, with much of the world still developing. It is predicted that the world energy demand will increase at the rate of about 1.8% per year in the coming decades. Although there will be a shift towards alternative sources of energy, the dependence on fossil fuels will still remain dominant.

Oil drilling investments are bound to increase with the world majorly depending on the fossil fuels. The projected oil demand may be high but there is enough oil to satisfy the entire world oil demand. There are predictions that by the year 2030, the world wide consumption of oil and gas will exceed 115 million barrels per day, 30 million barrels higher than are consumed daily today.

The profits are expected to move higher and the investors can see the returns within 60 days of the investment. The investment is not just quick but also has a great deal of potential for profits.
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