do you think a Democrat will say a thing???
do you think a Republican will say a thing???
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.
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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
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
11 comments:
This really ticks me off. I was chanting drill here, drill now last year and at $4 per gallon of gas last summer, we find this and do nothing. Only one problem with the drill here, drill now, we also need a build here, build now for refineries. Try getting past the environmental hoops with both.
Oil shale is not the same as oil.
Oil shale is DEFINITELY not the same. The cost and environmental damage to collect it is tremendous. You think mountain top mining is bad? Oil shale excavation turns the area into a moonscape. And oil companies have yet to develop a way to even get excavate oil shale AND get the oil that's anywhere near cost effective.
http://heatusa.com/blog/wp-content/uploads/2009/05/oil-sands1.jpg
We are hording this stuff. When everybody else is tapped, we'll bring it online and sell it for $200/barrel. We'll be OPEC but without other people screwing up the cartel.
Whats the difference between shale oil and oil?
"Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources."
Apparently Duck Around and Anon 11:27 were not asked for input from the USGS before they posted this in Nov 2008. (Sarcasm intended)
Oil shale or oil sand is basically if took regular crude oil and dumped it into a desert of sand or fine pebbles or rocks. When you "drill" for it or mine it, you have to seperate it from all the sand and rocks. Does that sound practical or economical? Sure, it's technically recoverable, but expensive, destructive, and extremely slow. In short, it's not a viable solution.
Anon 11:27
Joe, your own link says that it's only 4 billion barrels. that's 1/10th of what you posted at the top and 4/1000ths of the trillion you're asserting, as well. In fact, it's only about half a years worth of oil consumption for the U.S. This was debunked last year when you posted it, and now it's debunked by the very same link that you're using to try to support it.
It's cheaper to buy foreign oil to produce gasoline, then extract oil shale and separate the sand from the oil.
perhaps instead of continuing to drill and drill and drill, we use that money for investing in clean, renewable energy for future generations, hmm? while i completely agree that we should end our dependence on foreign oil, we should also be looking at ending our dependence on any oil.
Boy Joe, I started reading your blog about a month ago. Found that it was entertaining, but this is 2 bogus stories in 1 week (glad you took the fake Obama quotes down).
I'm an independent; it's scary to think that loonies from both sides of the aisle who jump on any story that plays up to their respective fears are the people who want to run the show. DO your homework. Be objective when viewing the facts and make decisions from there.
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