Fracking Competitively Threatens ‘Any Oil Producing Country in the World’

Saudi Arabia’s Prince Alwaleed Bin Talal, a billionaire businessman and nephew of Saudi King Abdullah, said the production of shale oil and natural gas in the United States and other countries, primarily done through fracking, is a real competitive threat to “any oil-producing country in the world,” adding that Saudi Arabia must address the issue because it is a “matter of survival.” (CNS News.com)

Eike Batista drops $6 Billion in 48 Hours

Brazilian mining magnate Eike Batista loves to talk in superlatives. He's the richest man in Brazil and talks frequently about becoming the richest man in the world. His autobiography is sub-titled "The Path of Brazil's Greatest Entrepreneur." And whether it's racing speedboats or marrying Playboy models, he lives life to the maximum. But now, Brazil's Donald Trump may have set a new record - for the largest amount of wealth lost in 48 hours.


article

Pat Bowlen wins the Peyton Manning Quarterback Auction

It was billionaire vs. billionaire.

Oil man vs. oil man.

Denver vs. Tennessee in the 2012 Peyton Manning National Quarterback auction and derby.

Patrick Dennis "Pat" Bowlen is our winner.

Bud Adams, who thought he had the Tennessee advantage, thought he could bring the ol' Tennessee Volunteer home, thought Peyton's wife would talk him into joining the Titans, thought wrong.

There is a reason why Denver has two Super Bowl championships and Tennessee has none.

That reason is John Elway.

Wildcat optimist loves his oil

Wild-Eyed Optimist
Christopher Helman
Forbes Magazine dated July 18, 2011

Billionaire wildcatter Harold Hamm says he's sitting on one of the biggest oilfields in the world, right in America. Really?


Forbes article

Eike Batista: the Brazillian billionaire hits another gusher

Brazilian Billionaire Strikes Oil
Keren Blankfeld, 10.07.09, 08:00 PM EDT
Eike Batista's OGX announces first discovery of crude in offshore field.

Some guys have all the luck. Take Eike Batista.

Forbes pegged Batista's fortune at $7.5 billion in March, placing him 61st on our list of the world's richest people. Today, he's worth more than $20 billion, courtesy of a 64% run-up in the stock of his oil and gas company, OGX Petroleo e Gas, as well as valuation gains in other holdings. And that was before he struck oil on Wednesday.


Forbes article

Think Billion$ article

Billionaire T. Boone Pickens says a Greener U.S. would boost the economy

Billionaire T. Boone Pickens says the following during an interview with CNN chief national correspondent John King:

Pickens: You've got to fix the energy issue because just look at the 40 years that have passed. No energy plan, zero. If we go forward for 10 years with no energy plan, we got the picture in the last year. Go back five years and the [Organization of Petroleum Exporting Countries] nations' revenues were $250 billion. This year, 2008, will be $1.25 trillion.

Now go forward 10 years and say we have no energy plan; we will be importing at that point 75 percent of our oil, which is a huge security problem for America. And we will be paying $300 a barrel for the oil.

CNN article

Eike Batista Brings it in Brazil

This week in Brazil, Eike Batista, bet a couple of his millions and several of Brazil's investing public billion's that OGX Petroleo e Gas SA, and its undersea leases off the coast, will yield a gusher. Thursday's initial offering of oil venture OGX Petroleo e Gas SA raised nearly $3.6 billion, the exchange's biggest IPO.

Eike, a self-made billionaire in the gold and iron mining sector, is now making this big bet in the oil industry. It is a story and entrepreneur to closely follow.

His friends call him "a serial entrepreneur doings things on a massive scale." (WSJ 6/12/08).





links -

Eike Batista ranks 142 on The World's Billionaires 2008

Brazil's Batista Is `Creator of Wealth,' Turning Gold Into Iron

Eike Fuhrken Batista, Founder, Chairman of the Board and CEO of EBX,MMX Mineração e Metálicos S.A.,