Doc Loco Posted March 1, 2011 Share Posted March 1, 2011 Fri, 25 Feb 2011 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? Why do environmentalists hold so much power to block something this important to America's future? Why do we not hear anything about this in the news media? 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. Do you think OPEC just might be funding the environmentalists? ------------------------------------------------------ 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate— Released: 4/10/2008 2:25:36 PM LINK: http://www.usgs.gov/newsroom/article.asp?ID=1911 CLIKKIT Quote Link to comment Share on other sites More sharing options...
indian al Posted March 1, 2011 Share Posted March 1, 2011 Yep thats also in southern manitoba. a huge amount of oil but it is also in sand and the tree huggers would pitch a fit if someone tried to get it. They say it would turn into another Alberta tar sands type of thing. Al Quote Link to comment Share on other sites More sharing options...
maninbox Posted March 1, 2011 Share Posted March 1, 2011 Even if all this is true, why should we (the US) change our strategy? Seems to me, that the entire middle east was just a sand barren for much of history until the west started buying thier only big commodity which is oil. In recent times, the Middle-Eastern backwater despotries started rolling in money from the oil sales. Shitholes like Saudi arabia, Qatar, Yemen, UAE an all the rest of them are riding high on Western (and now Asian) dinero. Building big, spending big, easy money, big excesses, damn glad to see it. It's gonna slow down, the sooner the better. Question is: what do they have to offer when the oil runs out? Sharia law? An eye for an eye? Soon, they will all be blind. Not much. I don't have a problem exploiting the middle east's oil reserves until there is little left. In 10 or 20 or 30 years, I would prefer the US (and our great friends, the Hosers of the Great White North) be the nations that controls the worlds oil reserves (like we do now.) Let the rest of the oil-consuming world throw money at our feet for a change. So, I don't have a problem exploiting our Middle-Eastern brothers. After all, we are still the American Imperialist pigs, right? We'll buy thier thier stinking oil at $100 a barrel today and sell some back tomorrow for $300, roughly speaking. Quote Link to comment Share on other sites More sharing options...
secinv Posted March 2, 2011 Share Posted March 2, 2011 It is well known that the US has big Oil reserves, but the environmental wacko's, liberals and socialists have fought tooth and nail against it. They fight against any and all solutions for our current energy problems, look at nuclear power - the most efficient and cost effective. Quote Link to comment Share on other sites More sharing options...
PPScoutrider Posted March 2, 2011 Share Posted March 2, 2011 The Bakken formation, at least in Nodak, is going incredibly strong right now. Produce 113 million barrels of oil in December, an all-time production record, and the numbers just continue to increase. Oh, and did I mention Nodak has 1 billion dollar budget surplus that we are trying to figure out how to spend!! If anyone is looking for a well-paying job, wellfield position of any sort are paying $50K-$80K a year. I have a good friend in western Nodak who used be a dairy and beef farmer/rancher. He sold his dairly cattle, bought 2 water tanker trucks, and gets paid $125/engine hour for hauling water to-from drill rigs. Money is flowing in the Nodak Bakken area! Quote Link to comment Share on other sites More sharing options...
Doc Loco Posted March 2, 2011 Author Share Posted March 2, 2011 (edited) The Bakken formation, at least in Nodak, is going incredibly strong right now. Produce 113 million barrels of oil in December, an all-time production record, and the numbers just continue to increase. Oh, and did I mention Nodak has 1 billion dollar budget surplus that we are trying to figure out how to spend!! If anyone is looking for a well-paying job, wellfield position of any sort are paying $50K-$80K a year. I have a good friend in western Nodak who used be a dairy and beef farmer/rancher. He sold his dairly cattle, bought 2 water tanker trucks, and gets paid $125/engine hour for hauling water to-from drill rigs. Money is flowing in the Nodak Bakken area! It is light sweet crude - easy to refine. Technology has caught up. Should be able to extract and cleanup as they go. There is enough oil there to power the US for over 2,000 years...why not start now? We have 2,000 years to find alternative energy resouce systems. Well, they are going gangbusters now...too bad we can't get a break at the pump, though. North Dakota should have it's own refineries too. NoDak could probably issue it's own currency at this point and it would be worth more than a FED Reserve note by far. All the States need to model a bank after the State Bank of North Dakota. Edited March 2, 2011 by Doc Loco Quote Link to comment Share on other sites More sharing options...
secinv Posted March 2, 2011 Share Posted March 2, 2011 Good for North Dakota! Quote Link to comment Share on other sites More sharing options...
PPScoutrider Posted March 2, 2011 Share Posted March 2, 2011 North Dakota should have it's own refineries too. There has been much discussion on this issue. The problem lies (gasp) with the amount of EPA redtape it takes to get permission. Even if Nodak were to begin the application process now, groundbreaking would be lucky to start in less then 5 years, assuming all required permits were issued and all enviro studies were completed--but then you would have the court battles over those. Apparently it is easier for Native American tribes to build refineries on reservations, so that is being studied, as the Bakken encompasses at least one, if not two, reservations. Quote Link to comment Share on other sites More sharing options...
Vintage229 Posted March 3, 2011 Share Posted March 3, 2011 (edited) I really don't understand why we aren't investing more into Hydrogen and reducing the need for oil. Though we will always need oil we can certainly reduce the consumptions significantly. BMW's Hydrogen 7 Another Even the Japanese are getting ahead of us. Honda Edited March 3, 2011 by Vintage229 Quote Link to comment Share on other sites More sharing options...
al`s 607 vintage Posted March 3, 2011 Share Posted March 3, 2011 The special interest groups are very strong and just don`t care , whats happening in the Middle East with all the unrest is spreading people are tired working for a dollar an Hr. It`s time Big OIL , Big BANKS, fold , let the little guy live . Quote Link to comment Share on other sites More sharing options...
Doc Loco Posted March 3, 2011 Author Share Posted March 3, 2011 I really don't understand why we aren't investing more into Hydrogen and reducing the need for oil. Though we will always need oil we can certainly reduce the consumptions significantly. BMW's Hydrogen 7 Another Even the Japanese are getting ahead of us. Honda The coyote has had hydrogeon power transport for quite some time now... Storage of explosive hydrogeon gas is problematic in crash tests so far there is a problem with safe storage...systems are electric and computer powered no direct mechanical controls...I am too old fashioned and stuck in the past to want one...I don't mind everyone else using 'em though...Don't build one for me. Quote Link to comment Share on other sites More sharing options...
CatfishCalhoun Posted March 3, 2011 Share Posted March 3, 2011 It is well known that the US has big Oil reserves, but the environmental wacko's, liberals and socialists have fought tooth and nail against it. They fight against any and all solutions for our current energy problems, look at nuclear power - the most efficient and cost effective. You can't pin oil hoarding or non-drilling on the environmentalists. As others have said here this is about depleting Mid-Eastern reserves, selling them tech, hardware, arms and shit all the while, and reaping the rewards when peak oil actually does hit and the downslope begins. Middle Eastern oil then Central America oil then Canada reserves and oil sands then make the rest of the world pay big when the the US is the only supplier. Simple. Quote Link to comment Share on other sites More sharing options...
indian al Posted March 3, 2011 Share Posted March 3, 2011 You can't pin oil hoarding or non-drilling on the environmentalists. As others have said here this is about depleting Mid-Eastern reserves, selling them tech, hardware, arms and shit all the while, and reaping the rewards when peak oil actually does hit and the downslope begins. Middle Eastern oil then Central America oil then Canada reserves and oil sands then make the rest of the world pay big when the the US is the only supplier. Simple. yeah go with that. Keep paying the arabs for another 1000 years. lol Al Quote Link to comment Share on other sites More sharing options...
secinv Posted March 3, 2011 Share Posted March 3, 2011 I think it is time to be self sufficient and provide our own oil. The cost associated with buying from the middle east is killing our economy and adding more burdens to the American family. Competition of buying from various sources would also bring the cost down. Why not buy from Russia, Canada or from ourselves? There needs to be a force to keep the cost low and supplies high. Quote Link to comment Share on other sites More sharing options...
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