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post #1 of 5 (permalink) Old 07-10-2009, 11:47 AM Thread Starter
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truth about us oil reserves

the politics of oil.this should piss you off!
OIL
The U. S. Geological Service issued a report in April ('08) that only scientists and oil men knew was coming, but man was it big. It was a revised report ( hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota ; western South Dakota ; and extreme eastern Montana... check THIS out:

The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

'When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.' says Terry John son, the Montana Legislature's financial analyst.

'This sizable find is now the highest-producing onshore oil field found in the past 56 years.' reports, The Pittsburgh Post Gazette. It's a formation known as the Williston Basin, but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada. For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago.

However, a recent technological breakthrough has opened up the Bakken's massive reserves... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

That's enough crude to fully fuel the American economy for 2041 years straight.

2. And if THAT didn't throw you on the floor, then this next one should - because it's from THREE YEARS AGO!

U. S. Oil Discovery- Largest Reserve in the World!
Stansberry Report Online - 4/20/2006


Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?

They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:

- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it's all right here in the Western United States .

HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy... WHY?

James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East--more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.

Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists? Got your attention/ire up yet? Hope so! Now, while you're thinking about it... and hopefully P.O'd, do this:

Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you want to complain about gas prices... because by doing NOTHING, you've forfeited your right to complain.
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Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
By the way...this is all true. Check it out at the link below!!!
GOOGLE it or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911
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post #2 of 5 (permalink) Old 07-10-2009, 12:02 PM
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It is not a secret. My wife works in the oil and gas industry and has lots of maps and soundings of this area in her office. Her boss has had wells there for decades. Not like the oil just pours out yet. Tres...

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post #3 of 5 (permalink) Old 07-10-2009, 12:07 PM
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There is a suspected "largest in the world" oil find in the Gulf of Mexico, discovered a year or two ago. They have not figured out a good way to get to it yet last I heard.
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post #4 of 5 (permalink) Old 07-10-2009, 12:07 PM
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That artical is not 100%, alot of the oil there is not economicly viable to retrieve or technologicly viable to retrieve. Plus the oil may be their but thy aren't able to recover anwhere near the numers that are contained in that artical and you can't drill and pump oil shale, you have to mine it and process it and that is very expensive and ecologicly dirty.

Last edited by dfree383; 07-10-2009 at 12:12 PM.
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post #5 of 5 (permalink) Old 07-10-2009, 12:51 PM
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Oil will be uneconomical after cap and trade kicks in

Sharpen your pitchforks and light your torches... 'CHANGE' is coming!

We say grace, and we say ma'am, if you ain't into that we don't give a damn... cause a country boy can survive!
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