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Forum topic by Rj posted 1821 days ago 1025 views 0 times favorited 18 replies Add to Favorites Watch
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Rj

1047 posts in 2130 days


1821 days ago

Topic tags/keywords: tip

I know this has nothing to do about woodworking (well Maybe it does) I thought I should post it anyway.

Subject: 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 Johnson, 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.’ And 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 w ill cost Americans just $16 PER BARREL!

That’s enough crude to fully fuel the American economy for 41 years straight.

2. And if THAT didn’t throw you on the floor, then this next one should – because it’s from TWO 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:

3. 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.
————
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

-- Rj's Woodworks,San Jose & Weed Ca,


18 replies so far

View Mario's profile

Mario

902 posts in 2550 days


#1 posted 1821 days ago

WOW I thought that this was just made up but that link is good.hopefully we as a nation will continue to look at alternatives to oil like wind and solar.

Thanks for the link.

-- Hope Never fails

View Gene Howe's profile

Gene Howe

4785 posts in 1927 days


#2 posted 1821 days ago

Thanks RJ. Now I’m REALLY mad.
oil

-- Gene 'The true soldier fights not because he hates what is in front of him, but because he loves what is behind him.' G. K. Chesterton

View 's profile

593 posts in 2470 days


#3 posted 1821 days ago

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?

Quick! Get your tinfoil hats on, the black helicopters are coming! : o)

Hmm… I’m not saying this isn’t true but something tells me there must be a very valid reason why this hasn’t been exploited and, instead, the country has gone into an expensive (both in dollars and lives) war trying to control the oil-laden countries.

Besides, what really bugs me is the third point asking to pass it along. This is virus spreading/Spamy behavior.

Let the flaming begin…

View Rj's profile

Rj

1047 posts in 2130 days


#4 posted 1821 days ago

Wow Jojo I don’t know how to respond to your comment???
Is it Good or Bad!!! I recieved this from one of my friends (Fellow LJS) and thought All should at least read it they can take it for what it is or isn’t, I’m just passing it along . As for spreading a virus or spamy behavior well just don’t open the link go to your browser and open it for yourself Thats what I’d Do!!! I was also told by another fellow LJS that I should Post this?

Sooo please all that read this Don’t chew me out I’m just the messenger !!

-- Rj's Woodworks,San Jose & Weed Ca,

View DaleM's profile

DaleM

864 posts in 1882 days


#5 posted 1821 days ago

Why the double posting? This exact story was posted as a blog entry too. It’s hard enough to keep up with things on here as it is. This is actually the more appropriate place than the blog section so IMO that one should be deleted and here is what I posted there. I believe this is mostly correct except for the “light sweet crude” and the government coverup parts of the story. It’s the oil shale fields that were discovered and made public knowledge about 100 years ago. The only difference now is that it may actually be economical with modern means to recover some more of it on a larger scale than has been previously done.

-- Dale Manning, Carthage, NY

View DaleM's profile

DaleM

864 posts in 1882 days


#6 posted 1821 days ago

Rj, sorry about the comments I made if they seem a little blunt. I posted my comment, then I saw your posting above it, I guess posted while I was typing. I guess stuff like this is what the coffee lounge forum is for. As for my comment about the double posting, in hindsight, you obviously had already figured you had started it in the wrong place and had already fixed the problem. I wouldn’t want to discourage anyone from posting things on this forum because I enjoy reading them, but if you catch hell every time you do, why would anyone post again? Anyway, just intended to throw in my two cents, not be rude.

-- Dale Manning, Carthage, NY

View HokieMojo's profile

HokieMojo

2094 posts in 2226 days


#7 posted 1821 days ago

The email doesn’t talk much about extraction costs. If you want to pay a few hundered dollars a barrel for oil and rip apart millions of acres of our countries purest land, maybe this would be a go.

IMHO, the forwarded email is biased and lacks significant facts. While I think there are a numebr of solutions to the worlds energy needs, I’m quite confident this is not one of them. We shall see.

View Don K.'s profile

Don K.

1075 posts in 1825 days


#8 posted 1821 days ago

I if remember correctly, I heard about this on a news doc. a few months ago. As I remember, at first it was not feasible $$$ wise to bring it up, then it was because oil was so high, then the environmentalist had a fit because it was in the Rocky’s and blocked all drilling. Now because of new tech, they can drill sideways ??? or something like that to get to it and not disturb the mountains, but the inviro people are still blocking it.

Not exactly sure if we are talking about the “Same” oil field, but there is a “HUGE” oil field under the mountains and according to the news show I saw, and depending on which side you want to believe, enough to make us oil independent for decades to come. Same as the untouched oil fields in Alaska the Clinton locked.

-- Don S.E. OK

View HokieMojo's profile

HokieMojo

2094 posts in 2226 days


#9 posted 1821 days ago

Also think about the tar sands in Canada. There are lots of places with lots of oil, but the current benefit of oil is that it is a cheap source of energy that USUALLY doesn’t have a direct significant environmental impact from the drilling (based on current drilling sites).

View DaleM's profile

DaleM

864 posts in 1882 days


#10 posted 1821 days ago

If you want to look at the potential environmental impact, check out the Western Kentucky coal fields. While in Eastern Kentucky, the coal is mostly mined using tunnels, in Western Kentucky they strip mined huge areas. You won’t see it from the highways or flying over at 30,000 feet, but fly low over it in a helicopter and you get the full impact of the scale of damage. The Land Between the Lakes area is beautiful, but not far from it are huge areas of bulldozed forest, leaving huge berms of topsoil and jumbled up trees and underbrush and a bunch of shallow ponds that are black in the areas where the runoff water flows in from all the coal dust. Or you can just ask one of the locals what they think about it. If there is a way to get to this oil without doing that, then I’m for it, but not at that expense.

-- Dale Manning, Carthage, NY

View RedShirt013's profile

RedShirt013

219 posts in 2160 days


#11 posted 1821 days ago

1) This is rather political for a woodworking forum, and for calling people to spread around your message

2) Where do they get the number $107 a barrel? It’s around $50 now? With all that new supply it should drop even further. And if US then try to control oil supply to to preserve the price point (and you bet oil companies will do so to remain profitable), then that would be the same as what OPEC is doing now.

3) Environmentalist have their place in the world. Some might be extreme but most are not. Not a good idea to discredit them, since I bet you want a good environment to live in also

4) Using your logic, by doing NOTHING to control climate changes, you’ve forfeited your right to complain when world weather pattern drastically changes, food supply fluctuates, and fresh water become a more precious resource than oil and US will be importing that instead, and you end up paying outrageous price for food.

-- Ed

View Woodchuck1957's profile

Woodchuck1957

944 posts in 2262 days


#12 posted 1821 days ago

And an outrageous price for gas at $107 a barrel. Even the Saudi’s complained that it should of been around $70 when it hit it’s peak. Now with this find, shouldn’t it be less, like it is now ?

View Damian Penney's profile

Damian Penney

1140 posts in 2490 days


#13 posted 1821 days ago

http://en.wikipedia.org/wiki/Bakken_Formation

“While these numbers would appear to indicate a massive reserve, the percentage of this oil which might be extracted using current technology is another matter. Estimates of the Bakken’s technically recoverable oil have ranged from as low as 1% — because the Bakken shale has generally low porosity and low permeability, making the oil difficult to extract — to Leigh Price’s estimate of 50% recoverable.[11] Reports issued by both the USGS and the state of North Dakota in April 2008 seem to indicate the lower range of recoverable estimates are more realistic with current technology.

The number of barrels is also nowhere near 500billion, it’s 3.5billion per the USGS report
http://pubs.usgs.gov/fs/2008/3021/pdf/FS08-3021_508.pdf

Also nobody is blocking this at all, it’s just never been possible (until very recently) or profitable to extract (and at current prices still isn’t profitable)

-- I am always doing that which I can not do, in order that I may learn how to do it. - Pablo Picasso

View savannah505's profile

savannah505

1659 posts in 2085 days


#14 posted 1821 days ago

If any of you think the government gives a damn about any of us, well I feel sorry for you. It doesn’t matter if it is this administration or past ones, their strings are being pulled by people in the shadows. The DOE (department of energy) was formed by Jimmy Carter during the 70’s gas crisis, which was a total sham. I know this having been in the coast guard, and my buddies on cutters telling me that just over the horizon, the tankers sat in pods, and every few days, one would pull out of the pod and cruise on in with oil. The DOE has a $26 billion dollar budget, employs 60,000 people and has yet to develop one new source of energy or further any ideas, which is why it was formed in the first place. Every new idea has come from private companies or persons in their garage. I could go on and on with facts of bull crap that has been fed us, by the likes of Al Gore, supposed experts, and enviromentalists who are saving us all. I live in Florida, tons of oil off the coast in the Gulf, that we can’t touch because of our tree huggers, when it’s been shown that we can safely obtain this oil with so little risk to the enviroment. Or lets talk about the oil that can’t be touched in San Antonio Texas because we don’t want to upset a snail !!!!!!!! A snail??? We have so many alternatives, yet our government is hardly behind it and doesn’t want to be, there goal is one that most everyone has no clue of, and few will listen. I don’t buy that this oil is unattainable, it’s probably just more crap for us to eat. Thanks RJ for posting this. The rest of the world, especially the U.S. needs to wake up.

-- Dan Wiggins

View Peter Oxley's profile

Peter Oxley

1425 posts in 2373 days


#15 posted 1821 days ago

Hey, guys – a year or so ago when gas prices were outrageously high, the whole world was begging for relief and OPEC said “tough noogies” (that may be a paraphrase of their actual response). I just heard on the radio that OPEC is all upset that prices are down and demand is down and countries are stockpiling the cheap oil. To OPEC, I say “tough noogies!”

-- http://www.peteroxley.com -- http://north40studios.etsy.com --

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