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," reports The 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.
Thanks for the post. Awesome! My suspicions have been refined.
Ok, really misleading, when taking into account the length of time America could subsist on the Bakken findings.
The intial figures were released by the scientist that found them (1995), but his findings (while technically sound) were not entirely accurate, nor were they peer reviewed at the time of writing, and his estimates were NOT released as a part of USGS findings.
But in 2008, while the estimates were revised, there was still a TREMENDOUS amount of oil (with only SOME of it on light crude) locked in the Bakken..
But the reality comes into sharp focus when understanding the form this oil lie trapped in. Current estimates show that if we were to start today, it would take between twenty and forty years to even BEGIN accessing the vast majority of this oil..and IN those twenty years, they are PRESUMING advances in recovery that are not currently known or in place.
The real figure?
America current;y imports 10 million barrels of oil a day.
The accurate revised estimates place RECOVERABLE oil at about 3.5 Billion barrels.
Meaning that The Bakken reserves would supply America....
For only ONE year.
warløckmitbladderinfection wrote:blasphemous new gehenna inhabitant makes god sad...
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