US Oil
I got an email today about oil in the US I would like to share.
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 ('08) 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 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/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.
view link
The U. S. Geological Service issued a report in April ('08) 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 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/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.
view link
about 1 month ago
I’m always suspicious of stories like that. I’ll believe it when I see it on Fox News.
about 1 month ago
Seems by looking at the FAQ's on the website provided the oil contained in the Bakken area is very difficult to extract thus making it uneconomic to drill there. Sure, potential oil is one thing if there is no cost limit on its' extraction....recoverable oil in todays' economic market is apparently quite another. If oil were $300 a barrel it might then be feasible to drill in the Bakkan oil field. The technology is not new. Nazi Germany used it in their depths of their despair.
about 1 month ago
Reston, VA - North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
How does that translate into 500 billion?
I'm a bit dubious for two reasons. One is that it was done in 2008, too which only scientist and oil men where privy to? And the numbers from the link don't match. Unless I'm missing something.
How does that translate into 500 billion?
I'm a bit dubious for two reasons. One is that it was done in 2008, too which only scientist and oil men where privy to? And the numbers from the link don't match. Unless I'm missing something.
about 1 month ago
Drilling expeditions have been going on for awhile now and the Bakken Field estimates have been revised. Not to mention that the oil is difficult (and expensive) to reach. I know, I live here.
about 1 month ago
The other question is " haven't we decided that carbon based fuels are bad for the environment?".
about 1 month ago
I have made a personal decision that carbon based fuels should make up a very small part of my lifestyle. The new house will be as eco-friendly off the grid as I can manage.
Since there are no electric lines onto the property it would cost about $15,000 just to hook up. Then the monthly bills would start. Electricity companies use fossil fuels for it's production in most cases and it's dirty. Then you have the thousands of miles of wires to transport it. Putting the same amount of money from my pocket into wind and passive solar energy systems will get me a lot of power with no monthly check to write.
If I DIY most of the energy systems myself then I really am ahead of the game. And it's so easy to do..... It's medieval technology in most cases to directly use the energy. Storing it for later usage as electricity gets trickier and more expensive, but you can do it yourself.
Since there are no electric lines onto the property it would cost about $15,000 just to hook up. Then the monthly bills would start. Electricity companies use fossil fuels for it's production in most cases and it's dirty. Then you have the thousands of miles of wires to transport it. Putting the same amount of money from my pocket into wind and passive solar energy systems will get me a lot of power with no monthly check to write.
If I DIY most of the energy systems myself then I really am ahead of the game. And it's so easy to do..... It's medieval technology in most cases to directly use the energy. Storing it for later usage as electricity gets trickier and more expensive, but you can do it yourself.
about 1 month ago
Nope not entirely true.
Browse > Home / Ask FactCheck / U.S. Offshore Oil Reserves
U.S. Offshore Oil Reserves
March 16, 2009
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Q: Are anti-drilling forces blocking access to the world’s largest oil reserve in the western U.S.?
A: The Bakken Formation touted in a chain e-mail isn’t the world’s largest oil reserve. The amount of oil it contains, according to the U.S. Geological Survey, is less than one one-hundredth of the estimate cited in the e-mail.
Go to FactCheck.org for "the rest of the story".
Browse > Home / Ask FactCheck / U.S. Offshore Oil Reserves
U.S. Offshore Oil Reserves
March 16, 2009
Bookmark and Share
Q: Are anti-drilling forces blocking access to the world’s largest oil reserve in the western U.S.?
A: The Bakken Formation touted in a chain e-mail isn’t the world’s largest oil reserve. The amount of oil it contains, according to the U.S. Geological Survey, is less than one one-hundredth of the estimate cited in the e-mail.
Go to FactCheck.org for "the rest of the story".
about 1 month ago
In a case like yours , Lolly , where there is a large up front cost to getting even convential electricity , it makes a lot of sense to explore alternatives . For nearly everyone else , the up front costs for solar or wind are so high that it takes 10 or 15 years to even get your intitial outlay back .
about 1 month ago
10 or 15 years ago it did but not now. Every other home out here in the desert has their own solar or wind generated electricity. The fact is we sell power back to PG&E lol ...
The rest of the story is that the Colorado oil can not be drilled; it has to be mined just like it was under Jimmy Carter. It’s not oil deposits, its called oil shale and it will be very expensive to extract and very expensive to the environment (dirty). You can see a ½ dozen ghost town plants that were producing oil from oil shale off the I-25 twixt Pueblo and Colorado Springs.
The rest of the story is that the Colorado oil can not be drilled; it has to be mined just like it was under Jimmy Carter. It’s not oil deposits, its called oil shale and it will be very expensive to extract and very expensive to the environment (dirty). You can see a ½ dozen ghost town plants that were producing oil from oil shale off the I-25 twixt Pueblo and Colorado Springs.
about 1 month ago
