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? 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 www.TalkAmerican.blogspot.com 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. As Americans - our voices make a difference. So, go make a difference, send this to every one in your address book.
Verify at the links below.
<http://www.usgs.gov/newsroom/article.asp?ID=1911>
http://www.usgs.gov/newsroom/article.asp?ID=1911
< <http://www.usgs.gov/newsroom/article.asp?ID=1911>
http://www..usgs.gov/newsroom/article.asp?ID=1911>
Talk American exists to give voice to all Americans and to invite constructive criticism and provocative debate. Note: All advertising placed on this site is done so by Google Adsense. The Publisher of Talk American has no control over any advertising placed here. All ads are not necessarily of a content endorsed by the Publisher. Political ads may be of a conservative or liberal nature.
Friday, December 4, 2009
AMERICAN OIL - a ghastly amount!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment