Tuesday, January 18, 2011

Oil Oil Oil Everywhere?

Oil Oil Oil Everywhere?
 
Don't know how many of you heard about this a few years ago--Bush was getting it set up for drilling.  Wonder why Obama is so quiet about it...


Oil - You'd better sit down
Here's  an interesting read, important and verifiable  information :


About 6 months ago, the 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: 
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  •   http://bakkenshale.net/bakkenshalemap.html

    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
    mother-load 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.

    --------

    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.
    The following link is to a pod cast from the US Geological Survey regarding above--sounds to me like the oil IS THERE!! 
    Check out the links...it's unbelievable.
    http://www.usgs.gov/corecast/details.asp?ep=38
    The oil shale reserves were known publically since the 70s when the first oil embargo and oil rationing took place. The country was in a panic. People in the know went public to show that the North American supply of oil shale, while not as easy as sucking up oil out of the ground, is HUGE. I believe even one of the Presidents during or soon after made mention of it and wanted federal funds to get new technologies and companies invested in that.

    Big Oil made sure to put the kabash on that. So 40 years later we are still dependant on Big Oil and supplies of oil from mostly countries that don't particularly like us. 

    Sometimes I wonder who Big Oil really works for?



    But it seems it doesn't matter.

    I'll venture this guess, however.

    When those oil producing countries, especially those that don't like us, starts to run out of oil, then we'll be sitting pretty good with our oil shale reserves along with all the other alternative energy technologies we'll have well underway. One day it could all pay off - if China doesn't call in our debt and take us over financially.

    The guys in Washington are playing a really high stakes poker game here. The play of one wrong card will make either a Big Win or a Big Loss.





    The oil shale reserves were known publically since the 70s when the first oil embargo and oil rationing took place. The country was in a panic. People in the know went public to show that the North American supply of oil shale, while not as easy as sucking up oil out of the ground, is HUGE. I believe even one of the Presidents during or soon after made mention of it and wanted federal funds to get new technologies and companies invested in that.

    Big Oil made sure to put the kabash on that. So 40 years later we are still dependant on Big Oil and supplies of oil from mostly countries that don't particularly like us.

    The oil shale reserves were known publically since the 70s when the first oil embargo and oil rationing took place. The country was in a panic. People in the know went public to show that the North American supply of oil shale, while not as easy as sucking up oil out of the ground, is HUGE. I believe even one of the Presidents during or soon after made mention of it and wanted federal funds to get new technologies and companies invested in that.

    Big Oil made sure to put the kabash on that. So 40 years later we are still dependant on Big Oil and supplies of oil from mostly countries that don't particularly like us. 

    Sometimes I wonder who Big Oil really works for?



    But it seems it doesn't matter.

    I'll venture this guess, however.

    When those oil producing countries, especially those that don't like us, starts to run out of oil, then we'll be sitting pretty good with our oil shale reserves along with all the other alternative energy technologies we'll have well underway. One day it could all pay off - if China doesn't call in our debt and take us over financially.

    The guys in Washington are playing a really high stakes poker game here. The play of one wrong card will make either a Big Win or a Big Loss.

     It appears that the article cautions on temperance as there has been under-estimation and over-estimation on both sides.

    Frankly, any policy that depends on non-renewable energy is short sighted at best.  And will leave us vulnerable, yet again.

    Unlike the Middle East, North America is blessed with much potential for many forms of renewable Green Power. And most can be used simultaneously. We need to get Big Oil and Big Coal onboard rather than getting in the way. Or get them out of the way.
     If I recall correctly the so called oil shortage of the early 1970's took place during the Nixon and Ford years. President Carter started new alternative fuel programs when he was President but those programs were cancelled when Ronald Reagan became President.

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