In the midst of the clamor related to the BP oil spill “disaster” it occurs to me that people haven’t a clue about what crude oil actually is and that is why the media is able to stir up such a panic.
Have you ever considered what it actually is? Think about it. Crude oil is squished dinosaur guts! That and a bunch of squished vegetation.
Why is that important? Because crude oil is just a very concentrated natural FERTILIZER!
Japan has some of the richest fishing waters in the world – but they didn’t before WWII. During WWII, lots of tankers were sunk off the coast of Japan, drenching the ocean with this amazing fertilizer. While the oil initially kills some birds and fish (which makes us sad) because of the sheer density of it, the result is much more wildlife in a few short years.
Some of the best fishing waters are over places in ocean floor where huge holes allow oil to “POUR” up into the ocean but the oil never makes it to the surface. Some of the leaks in the ocean floor are enormous and still the crude never makes it to the surface – but you have awesome fishing waters! Why? Because oil is FOOD for certain microbes! The microbes eat it, bigger creatures eat them – you remember third grade science the whole food chain thing right?
Guess what they use to clean up an oil spill? Bioremediation which involves increasing the naturally occurring bacteria that likes to EAT the oil.
Check out the below video for amazing insights into how microorganisms can be used to clean up the Gulf oil spill -
Did you note how the native shrimp start coming to EAT the microbes and the by-products left from the microbes after they’re done cleaning up the oil?! Amazing!
While it is sad, as we’ve said, that animals die from oil spills, the fact is that in few short years, the amount of wildlife is actually much greater as a result because the naturally occurring oil is a fertilizer.
It we use our minds and think instead of reacting like scared sheep, we can get this kind of mess cleaned up straightaway.
There are varied types of wells drilled for specific purposes and of those, the location of the well can also earn the well a classification.
- Wildcat Oil Well
- A “Wildcat” oil well is one that is drilled outside of and no where in the vicinity of known oil or gas fields. There are even different types of wildcat wells depending on how far outside of known fields the new well is being dug.
It has been said that investing in a wildcat well is just slightly more advantageous than taking your cash to Vegas and playing the slots. It is a gamble.
The successful investor will find a trustworthy, reliable oil exploration company that will permit you to invest in a well that is being drilled close to other producing wells and in locating a company that has very good seismic and other exploratory information and research.
There are certain types of investments, including oil well investing, that under current Securities and Exchange Commission (SEC) rules may only be sold to certain types of investors. These individuals, companies, trusts, etc. are referred to in the industry as “accredited investors”.
Generally, for independent investors, the term is defined as:
- Accredited Investor
- An individual with a personal net worth, or joint net worth with the person’s husband/wife, exceeding $1 million at the time of the investment or purchase;
- A natural person with income in excess of $200,000 in each of the two most recent years or joint personal income with a wife/husband exceeding $300,000 for each of the level during the current year.
