GeoDynamics Expects Crude Oil Prices to Significantly Rise
Summary
This discovery is in a sheet of shale rock located deep under the ground, the Niobrara formation, and it extends into Nebraska and Wyoming as well.Expectations are that crude prices will soon rise considerably, and the profit potential and increasing demand have renewed enthusiasm in the company and made it a good time to expand and accept new joint venture partnerships.### Centennial, CO, March 16, 2011 --( PR.com )-- GeoDynamics Inc. is a privately owned independent oil and natural gas company based in Colorado with a top priority of locating and developing new sources of energy in the country’s domestic oil fields and natural gas fields.This discovery is in a sheet of shale rock located deep under the ground, the Niobrara formation, and it extends into Nebraska and Wyoming as well.Drilling permit applications in Weld County increased 12-fold last year with many companies seeking to profit by using the new horizontal drilling technology.Expectations are that crude prices will soon rise considerably, and the profit potential and increasing demand have renewed enthusiasm in the company and made it a good time to expand and accept new joint venture partnerships.Approximately 90% of the world’s products contain oil or use oil in processing, and rising world markets keep demanding more oil and gas.