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Take a LOOK. It is on the USGS site. > > > > > 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 is more than 2 TRILLION > barrels. On August 8, 2005 President Bush mandated its extraction. > > > > 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! > > > > 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. > > > > 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. > > > > GOOGLE it or follow this link. It will blow your mind. > > http://www.usgs.gov/newsroom/article.asp?ID=1911Posts: 6410 | Registered: Jul 2006
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if the "hidden oil" underneath the rockies is the shale oil? we have a long way to go before we have the technology to remove it safely and cheaply.
shale oil is a joke. the current plan to remove it involves freezing large areas of ground around the the "retort" and then melting the oil out of the shale in situ.. hot and cold engineering nightmares
that's just crazy. you don't have to be an "environmentalist" to see that it's BS
as for the Bakken reserves? they are being tapped.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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Bakken leases are up for sale because medium size operators scrapped 08 and early 09 drilling plans because the price dropped so badly. Companies that operate on lending lost their rear ends for a bit as well.
Bakken oil is very good though. 41 gravity in many places, a very sweet light crude.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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So why all this pressure to open up the Gulf to further rigs???
DOh!...Did we get bushwacked? Why yes sir...I think we did.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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