#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