The truth about oil
Discussion
Just been sent this from the US. Might well change the arabs stranglehold on the west? Have dobe some googling and it seems to be kosher!
Subject: THE TRUTH ABOUT OIL
Here's an interesting read and some important and verifiable information :
About 6 months ago, the writer was watching a news program on oil and one of the Forbes brothers 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 (which had not 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:
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. 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 the information is 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 lode' 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.
Do ya' 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.
http://www.usgs.gov/newsroom/article.asp?ID=1911
Subject: THE TRUTH ABOUT OIL
Here's an interesting read and some important and verifiable information :
About 6 months ago, the writer was watching a news program on oil and one of the Forbes brothers 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 (which had not 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:
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. 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 the information is 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 lode' 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.
Do ya' 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.
http://www.usgs.gov/newsroom/article.asp?ID=1911
tspam lately and don't want any more.JMGS4 said:
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
If you had actually googled it yourself, you'd have worked out it was rubbish.GOOGLE it, or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911
Simple calc: 4 billion barrels / 18,690,000 = a little over 200 days.
Even the 500 Bn barrels quoted only equates to about 70 years.
http://www.thedailygreen.com/environmental-news/co...
Cheers,
FT.
Olf said:
More sensible information here. Http://www.theoildrum.com/node/3868
Thanks Olf, hadn't found that one! Good info!The email is garbage really, especially the anti-environmentalist crap. Yes there is tons of "theoretical" oil in the Bakken field but getting it out is a different matter!
If the oil company could dig it up for $16/barrel and sell it for $100+ do you think they'd be wasting time in the GoM or North Sea or some terrorist filled hellhole and instead be digging that stuff up non stop?
If the oil company could dig it up for $16/barrel and sell it for $100+ do you think they'd be wasting time in the GoM or North Sea or some terrorist filled hellhole and instead be digging that stuff up non stop?
Mr Whippy said:
Use everyone elses up at a 'reasonable' price, then start using your own, and sell it domestically cheap, but sell it to others at a massive price?
Sounds sensible to me.
I'd eat someone elses food first, if it was running out
Correct. Sounds sensible to me.
I'd eat someone elses food first, if it was running out
This argument has existed for a long time and could be used as one of the explanations for foreign policy pursuits by some Western countries. e.g. long term national interest
By pursuing such a policy can of course lead to some implications, including the loss of innocent lives on both "sides". For some, that is a price worth paying, as long as it is the other side which is worse off.
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