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Editors note: This was sent to us by Pat Holliday, we have included it here for your FYI. The source and ref is from her.
More US Oil – Is it a surprise?
The U.S. Geological Service issued a report in April (’08) that only scientists and oilmen 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.
1.’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, people!
Warn Radio Products Store n More!
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 is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction.
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 democrats, environmentalists and left wing republicans have blocked all efforts to help America become independent of foreign oil.
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.
Got your attention/ire up yet? Hope so! Now, while you’re thinking about it .. and hopefully P.O’d, do this:
3. Forward this e-mail to all your friends and associates. 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.
Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
See:
[source: Pat Holliday-email-her-source-ref:www.usgs.gov/newsroom/article.asp?ID=1911}
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I keep reading it only costs $16.00 a barrel to get it out, yet my friends in North Dakota tell me
the oil producing companys there are shutting a bunch of them down claiming at $40.00
a barrel they cannot afford to pump it out. Who is correct on this??????
****************Reply*************
WIBR/WARN Editor:
The rigs have been stacked in the west, Wyoming and such. Many have been shut down because they do indeed need more, so they say. This also happened in the last oil boom Wyoming had.They do need a certain dollar amount to pay to get it out of the ground layers here about. So we are in trouble, we like low oil which means usually low gas prices. But with low gas, the oil producers say they cannot afford to get it out of the ground. Catch 22, no matter which way, the consumer pays more! Add to this the OPEC decreasing production to get prices back up. All so they can live the lavash life style they like! Of course this is not the regular citizens there, just the Oil princes who get all the profits. It is their lifestyle and building projects we are supporting, along with military.