5 replies to this topic

[pdx5]

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 41 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.


Check it out at the link below!!!
GOOGLE it or follow this link. It will blow your mind.
http://www.usgs.gov/...cle.asp?ID=1911 href="http://www.usgs.gov/...le.asp?ID=1911" target=_blank>http://www.usgs.gov/...cle.asp?ID=1911

[MaryAM]

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 41 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.


Check it out at the link below!!!
GOOGLE it or follow this link. It will blow your mind.
http://www.usgs.gov/...cle.asp?ID=1911 href="http://www.usgs.gov/...le.asp?ID=1911" target=_blank>http://www.usgs.gov/...cle.asp?ID=1911

That's OK - we have to sell it to Japan and China - because we are too lazy to remove the sulfur and we passed laws that prevent us fron using US oil here - West Texas Crude and Alaskan Crude is bid on the Japanese and Chinese exchange. Go figure - our politicians have screwed us again.

[Dex]

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.

Where is the above info posted?
I found news links but nothing from the USGS

Thanks

I found this but it it oil shale.
http://seattletimes....oilstudy01.html

Edited by Dex, 10 March 2009 - 08:29 AM.

[salsabob]

I Googled around and didn't find any environmental issues specific to the the Willston Basin other than from those wanting to protect ANWR by pushing for increase production at Willston (they suggested that ANWR was a drop in the bucket compared to Willston's potential, that whereas the lack of infrastructure in ANWR will delay production for 10 years, Willston already has some infrastructure that is rapidly expanding). Does anyone have any links to why Willston isn't coming on line more rapidly, whether environmental or otherwise (e.g., price-dependent)? Maybe its the skepticism I inherited from mom, but this just seems a little too easy, or too easy to blame it on the tree huggers. Also, does any one have any information on who holds the leases and what exploration plans that they may have laid out?

[comfychair]

Wow, interesting, if true. The U.S.A. could become the new OPEC! We could turn the tables on the Arabs and Russians. That would almost be worth another 200 years of carbon pollution just to see the smiles wiped off their faces. Of course, extracting and refining this oil is a bit of an issue, not only politically, but time-wise and logistically. They better get crackin'! Then, in 20 years, there will be another movie: "Who Killed The Electric and Hydrogen Car, House, and Clean Energy Movement?".

[salsabob]

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.

Where is the above info posted?
I found news links but nothing from the USGS

Thanks

I found this but it it oil shale.
http://seattletimes....oilstudy01.html

Dex,

I found this -

http://geology.com/u...ation-oil.shtml

Is this shale? If so, I'm not so excited or interested.