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," 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 Bakker’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
lay 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
mother lode 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 you sent this to everyone in your address book.
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