grassy
Well-Known Member
I do not claim that this is true..I am just tossing it out to the members of FABO to read. This is from USGS newsroom. Just think if it was true..
______________________________________________
About 6 months ago, a 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 Dakotaand 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.
--------
By the way...the link is below..and there are more links within the article..
http://www.usgs.gov/newsroom/article.asp?ID=1911
Grassy
______________________________________________
About 6 months ago, a 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 Dakotaand 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.
--------
By the way...the link is below..and there are more links within the article..
http://www.usgs.gov/newsroom/article.asp?ID=1911
Grassy
