#96

AMERICA'S OIL-RICH DEPOSITS

pajc47@yahoo.com wrote:

THIS IS TRUE AND IS MUST READ. IT WILL BLOW YOUR MIND. AMERICANS NEED TO WAKE UP! You better sit down for this.

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."

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 that 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.

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? 

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 wonder what would happen in this country, if every one sent this to every one in your address book. By the way, this is all true. Check it out at the links below!

Links:

RESPONSES:

Dear JC:

Mind-boggling indeed!  But I have a big question mark next to the allegation that what is standing between us and access to all of this oil are some "Environmentalists."  I believe the current word for such statements is "disingenuous."  

When have oil companies ever been stopped from accessing oil by anyone or anything other than THEMSELVES?

Ah, there's the rub!

What this looks like is a combination of two factors that are all too familiar.  One is the controlled or cornered market.  The best and most familiar example of this in our lives is the diamond industry.  Diamonds are nothing but carbon, as in coal or charcoal or graphite (pencil lead) -- one of the more common elements on planet earth.  Diamonds are not rare, BUT the industry which monopolizes them carefully controls the supply, so that they SEEM to be very rare, and are therefore very expensive.

In this article, the price of $107(!) per barrel is cited.  What oil company would want to see that come down to $16?  (Never mind that the actual profit margin per barrel would be maintained.)  The behavior of these companies and their track record has been amply demonstrated from the time they began.  As one example, we remember the bad old days of the 1970s, when the bad old Ay-rabs were turning off the faucet and jacking up us poor Americans for higher oil prices, fixed by their OPEC cartel, right?  

So, how did Texaco manage to boast to its stockholders of something like a 214% increase in THEIR profits.  They ain't no Arabs.  In the midst of our current hard times, didn't Exxon-Mobil just break some kind of all-time record for corporate profits in a year?  So, that's one factor.

Then there is the second, which is a combination of ego and profitability: the creation and maintenance of an empire.  Is it irrational to suggest that the most powerful interests in the U.S., the wealthiest, who always invest in oil feel more comfortable if they can can control other nations, especially the ones that might be able to compete with "us"?  And, just as in the days of old Persia, Rome and other empires, what better way to exercise control than by armed force? 

Which brings us to the huge profitability of the "defense" industry that Eisenhower warned us about as he left office (the "military-industrial complex").  Now, if there is no real NEED (as this article proves) for us to acquire or protect our access to "vital" oil assets in the Middle East and elsewhere, then there is no real need for all of this weaponry.  Let's bear in mind that there is also a vested interest in keeping these various nations at each other's throats as well, so that there is a lot of money to be made selling weaponry (just a cut below our own versions) to these countries as well. 

This huge oil reserve might solve all of our energy problems for a long time to come (although I have my doubts, when it comes to "non-renewable resources like oil), but there is too much vested interest in keeping our problems in place.  Hell, what are we suckers going to do about it, other than pay up and fill our tanks and get to work if we're lucky enough to have a job at all?  The citizenry of this country would have to have a lot of serious resolve to challenge the powers that be, and we have NO track record of that to speak of.  The most effective leaders of any real movement will be wither bought off or killed off, and business-as-usual will go on. 

Hate to sound so pessimistic, but this country is "a child of rape" with lots of issues, including some that are right in its DNA.  That doesn't make our situation hopeless, but we can't deny that a country founded in large part by rejects, deadbeats and criminals, which accepted and depended on genocidal "Indian Removal" and perverted African enslavement, has a long way to go just to get to sanity, much less anything like an intelligent use of a vast natural resource to benefit humanity.

That's my take.  Thanks much for sharing this.  Way to stay on the case.

Best all ways,

GT

Gene, as usual, you handle on this subject is a real eye opener for me.

I'm adding to WORDS WE SPEAK on my site and my blog

JC


Which one is correct?

America has more oil inside our borders than all the other proven reserves on earth and it's all right here in the Western United States . 

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

 

WHAT AMERICA MEANS

 

www.fyicomminc.com

WORDS WE SPEAK