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Forum topic by odie posted 05-09-2009 01:29 AM 1320 views 0 times favorited 3 replies Add to Favorites Watch
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odie

1690 posts in 3303 days


05-09-2009 01:29 AM

Topic tags/keywords: tip question

An Article Sent to Me

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 will 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

-- Odie, Confucius say, "He who laughs at one's self is BUTT of joke". http://woodstermangotwood.blogspot.com/ (my funny blog)


3 replies so far

View daltxguy's profile

daltxguy

1373 posts in 3377 days


#1 posted 05-09-2009 02:30 AM

Well if you did pass this along to your friends in your address book, it would only make you part of a big joke!

Let’s take this 1 step at a time. The Bakken’s according to the source quoted and other sources only has between 3 and 4.3 billion barrels of oil. ( and economic at an unstated cost ). Since the US is the largest consumer of oil by far of any nation on earth( 20 million barrels/day), that amount of oil would run the US for between 150-215 days, ie: less than 1 year – maybe a little longer in a recession.

Oil today is around $50/barrel, making many finds uneconomical and therefore they sit in the ground regardless of whether it is local or foreign.

Ok, let’s take the second report which leaves out one important detail – this is not liquid oil – but rock impregnated oil – ie: shale – Which is hugely expensive to recover. Never mind the environmental hazards, the first point means it sits in the ground – president mandate or not, same as all other ‘unconventional’ sources which taken altogether is the largest percentage of oil in the world but also the most unrecoverable of the oils.

Lastly, the largest foreign suppliers of oil to the US are…Canada and Mexico. Canada has more oil than any other country except Saudi Arabia – and that’s recoverable oil and that’s a real fact!

-- If you can't joint it, bead it!

View Dick, & Barb Cain's profile

Dick, & Barb Cain

8693 posts in 3763 days


#2 posted 05-09-2009 05:12 PM

I just posted this last week, & I checked out snopes.com to see if it’s true, & it’s mostly true.

-- -** You are never to old to set another goal or to dream a new dream ****************** Dick, & Barb Cain, Hibbing, MN. http://www.woodcarvingillustrated.com/gallery/member.php?uid=3627&protype=1

View a1Jim's profile

a1Jim

115202 posts in 3040 days


#3 posted 05-13-2009 03:51 AM

Hmmm

-- http://artisticwoodstudio.com Custom furniture

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