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ceengland(at)bellsouth.ne
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 Posted: Thu Sep 17, 2009 6:04 pm Post subject: Oil Find in US - READ THIS -- do not blow it off |
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This wouldn't be oil shale, would it? If so, not exactly news. I'd have
to agree about referring to the handful of oil corps as singular, though...
Charlie
David M. wrote:
| Quote: |
Now you KNOW that the oil company is falsely keeping our gas prices
high, high, high. David
This is too important not to post and directly affects our engines'
operating costs.
from the USGS and a mailing list:
Hey Guys,
Is this for real?
This would be a game-changer on a global scale!
Doc
> .Subject: Fw: Huge Oil Find
>
> AT THE END YOU WILL SEE A LINK WHERE YOU CAN CHECK THIS OUT. JoAnne
>
Amazing!
Think of all the people that could have jobs!
Also if I may add, about 6 months ago I was watching a news program
on oil and one of the Forbes Bros. was the guest. This is out of
context, but this is the actual question as asked. 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 ('0 that only
scientists and oil men 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.
'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 2041 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!
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 motherlode 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 [yeah, right - David] 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/ire up yet? Hope so! Now, while you're thinking
about it .... and hopefully P.O'd, do this:
3. Pass this along. 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.
By the way...this is all true. Check it out at the link below!!!
GOOGLE it or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911
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baileys(at)ktis.net
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| Posted: Fri Sep 18, 2009 3:38 am Post subject: Oil Find in US - READ THIS -- do not blow it off |
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IMHO blaming the oil companies for the high price of oil is only a part of the picture. The oil futures market is a key player. Wall street speculators can make huge profits with very little investment. This could be greatly reduced by increasing the margin to something like 85%. Of course our politicians are the lap dogs of special interest groups like the financial industry so that aint going to happen. Again IMHO we do have the resources and the technology to be a totally self sufficient energy wise. The weasels in Washington DC are the real problem. They like to huff and puff at the oil companies but it is a charade.
Back to my dark little corner in the basement where I work on my over unity device. LOL
Bob B.
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