UVSE: Universal Energy Corp. – Outlook for Energy Needs Strong
Stock Guru Profile UVSE Universal Energy Corp.
Total investments of just over $20 trillion in power, oil and gas production and related facilities are necessary over the next two decades globally in order to meet rising energy demand from population and economic growth, the International Energy Agency said this month.
The agency, in its annual World Energy Outlook for 2006, said the total was a $3 trillion increase from its 2005 report because of sharply higher capital and equipment costs.
The agency estimated the power sector would account for 56%, or about $11.2 trillion, of the total global investments required up to 2030. Oil investments of $4 trillion are required in the oil sector, mostly for the exploration and production of oil and natural gas.
The IEA also warned that planned oil production capacity increases up to 2010 “could be smaller” than expected because of shortages of skilled workers and equipment, regulatory delays and cost inflation.
“The impact on new capacity of higher spending is being blunted by rising costs,” the agency said.
Universal Energy Services Inc.
Universal Energy is squarely in the energy business in both oil and gas and delivering electricity. Universal Energy Services, Inc. has recently entered into letters of intent to acquire two energy services companies Powertown Line Construction and Williston Crane and is currently drilling in the oil rich parish of Plaquemines in South Louisiana.
Universal Energy Corporation
30 Skyline Drive
Lake Mary, FL 32746
Phone: (800) 975-2076
Email: info@universalenergycorp.info
Website: http://www.universalenergycorp.info
About Universal Energy Corp. – Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada and Southeastern Louisiana. Visit www.universalenergycorp.info for more details.
Safe Harbor Statement: All statements, other than statements of historical fact, included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company’s future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company’s control, and may yield results differing materially from those anticipated. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration opportunities being fewer than currently anticipated. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings.
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