American Liberty Petroleum (OREO) Committed to Reducing US Dependence on Foreign Oil
Note to Editor: The Following Is an Investment Opinion Issued by Equity News Alert.
NEW YORK, NY -- (Marketwire) -- 04/09/12 -- American Liberty Petroleum, Corp. (OTCBB: OREO), a company focused on reducing America's need for imported oil through discovering major, new onshore U.S. energy resources, has recently announced completion efforts of their newly acquired Western US well.
Today, hundreds of thousands of barrels of oil are produced in the western part of the country through the combined efforts of major industry players such as Chevron (NYSE: CVX ), Occidental Petroleum (NYSE: OXY) and Aera Energy -- jointly owned by ExxonMobil (NYSE: XOM) and Royal Dutch Shell (RDS-A), and smaller producers like American Liberty, all of which are helping to reduce US dependency on imported oil.
According to US Energy Information Administration's recently released Annual Energy Outlook 2012 Early Release, at its peak in 2005, 60% of fuel consumed in the U.S. was imported. This percentage decreased to 49% in 2010, and the EIA believes this trend will continue until 2035 when foreign fuel will constitute only 36% of fuel consumed in the United States. This trend is due to increased domestic fuel supply from growth in domestic oil production.
This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Equity news Alert one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here