Last night WLKY News in Louisville aired this story about the upsurge in oil drilling throughout Kentucky. While the global oil market is sliding, as evidenced by the $1.99 gas prices you see, permits for drilling in Kentucky have increased over the past two years and revenues are up for this local economic investment. 933 permits have been issued in 2008.
For investors and oil explorers interested in cashing in on this tantalizing boom, I would recommend getting up to speed on your geology and oil business basics.
A few resources you should investigate are:
- The Kentucky Geological Survey
- Kentucky Department of Energy Development & Independence (This site is a good resource for alternative energy solutions and is a part of the Kentucky Energy and Environment Cabinet
- Energy Industry Administration Petroleum Resources
- American Petroleum Institute