OIL---you better be sitting down when you read this ! !
You "will" pay $5 a gallon + again and you won't complain loud enough to make a difference, RIGHT!
Here's an astonishing read. Important and verifiable information :
About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. Was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. Have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.
The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) 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," reportsThe 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. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006!
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 yet? Now, while you're thinking about it, 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 complain about gas prices - by doing NOTHING, you forfeit 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.
Guess what? The democrats took control of the house and senate in 2006. Amazing isn't it?
It is only a wiki page, but have look:
http://en.wikipedia.org/wiki/List_of_co … l_reserves
Isn´t there a little flaw in your math? How is it possible to run the American economy for 2041 years from the Bakken´s reserve. I didn´t find a recovery figure beyond 24 billion barrels for Bakken. That is good for 1 year of US economy and a good spring season. What is the big deal.
Several people have posted variations of these emails in recent months. They're not true.
First of all, the USGS link you posted at the end says nothing about 500 billion barrels in Bakken. It says 3 to 4.3 billion. The US uses about 6.5 to 7 billion barrels per year, so even if we recover the whole lot, it will last us less than one full year.
Even if it were 500 billion barrels, that's still only about 70 years, nowhere near 2041. This is elementary school math.
Additionally, the "more than TWO TRILLION" figure is an inflated version of the upper estimates (actually 1.5 to 1.8 trillion barrels) for the amount of oil in the Green River Formation. Unfortunately, it's shale oil, not crude, which is hugely expensive to produce, uses a tremendous amount of water (a major problem in the arid Rockies), and produces copious amounts of toxic by-products. Barring major improvements in the technology used to extract it, most of the Green River oil is likely to stay where it is.
Not a lie by you, just a misunderstanding based upon misinformation that you didn't check.
by cindi h 7 years ago
Check out this link regarding the 4.3 billion barrels of oil discovered in the U.S but what are we doing about it? What are your thoughts?http://www.usgs.gov/newsroom/article.asp?ID=1911
by qwark 7 years ago
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by Josak 5 years ago
I think it would be great if we could debate the economy not on the basis of "commonly known" or presumed but on the basis of provable facts with sources. I'll start, US deficit for 2009 (last budget made by Bush administration) 1.41 trillion, 2013 budget deficit is 901 Billion, meaning...
by Research Analyst 7 years ago
Will Bakken Oil have a global impact on oil production?
by SparklingJewel 7 years ago
Dear President Obama,As you are likely well aware, you and I have many fundamental philosophical differences. I have long believed in personal liberty and economic freedom. Despite the rhetoric that you may espouse, your actions imply that you believe government can plan our lives better than we...
by qwark 7 years ago
There is enuf oil in the "Bakken" oil reserve to fuel the American economy for 2041 years straight!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...
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