Shale Gas Initiative Brings Morocco to My Doorstep

Shale Gas Initiative Brings
Morocco to My Doorstep
by Dr. Kent Moors

Dear Oil & Energy Investor,

On Friday morning, I met with a delegation from Morocco. The five officials were from ONHYM (Office National des Hydrocarbures et des Mines), the national agency overseeing oil, gas, and mining. They're here in the U.S. under the provisions of a Department of State (DOS) initiative on the major new energy source - shale.

And they gathered in my conference room in Pittsburgh to discuss how to best manage this significant new source of fuel.

The DOS project is the Global Shale Gas Initiative (GSGI), launched in April to help make the U.S.' extensive experience in shale production available to countries around the world. The emphasis so far has been on the shale gas side - although North Africa in general, and Morocco in particular, may also have significant deposits of oil shale.

GSGI recognizes two very important developments.

First, shale is going to change the energy sourcing mix significantly. (As game-changers go, this one is huge.) Second, it may just be the most significant opportunity for the export of American hydrocarbon technology and knowhow to come along in generations.

Both of these developments are going to provide major advantages for rest of the world... and major profits for us.

Read on to see why Morocco needs the U.S. to help tap its 37-billion-barrel potential...