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found some cheap oil

teeroy

Life Member
email FWD i recieved. interesting

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">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.

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.
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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

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A friend of mine from Montana tells me that the oil fields out there and in North Dakota are bombing. He says they are hurting for oil field workers and are willing to hire-no experience necessary.

With the unemployment that this county is experiencing seems to me that there will soon be a migration of workers in that direction. /forum/images/%%GRAEMLIN_URL%%/smile.gif


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PM
Ron Wyllie
Southwest Iowa IBA Area Representative
rwyllie@iowawhitetail.com
 
if i could stand to move away from my brother's kids, i would already be there. and if i do get laid off, i may give it some serious consideration
 
It is most definitely true. I have been on a drilling site there. I stood in the Kilgore battlefield National Historic site and could count 6 rigs drilling and another site was being frakked. This technology is being used EVERYWHERE!!!!!!!!!!

The OLD domestic oil fields are being reentered to recover the 95 per cent of the oil that the companies LEFT.

If supply has anything to do with what our fuels cost us, we are STILL being horribly ripped off with the current cost of gasoline.

Can ANYBODY tell me why there is next to NO publicity about this?

It is REAL.
 
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: hillrunner</div><div class="ubbcode-body">If this is true why isn't it all over the national news? </div></div>

Because it is the opposite of gloom & doom. /forum/images/%%GRAEMLIN_URL%%/frown.gif
 
The Snopes article was written before they started drilling into the Three Forks-Sannish formation, which is directly beneath the Bakken. Since July, I know of a rancher who has had 7 wells drilled on his land. The first four came in at over 4,000 barrels a day. I know of a well that came in at 4700 barrels a day. It is absolutely staggering. Ya I want to know too why there is so little publicity.

If you do some searches, you will find that the "old" oil patch is being reentered using the same technology.

Check out the "Haynesville" play in Louisiana. We are absolutely awash in energy.
 
I'm sure we have enough oil in this country to satisfy us. It's the refineries that we don't have enough of. If the oil companies made more refineries it would lower the cost of gasoline, and thus their profit.
 
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Saskguy</div><div class="ubbcode-body">Our oil industry is rocking.....same oil field I believe. </div></div>

And that right there could be the reason. We're sucking out of the same glass. Perhaps keeping the number of straws being used on the "down low" is by design. I'm just sayin'. /forum/images/%%GRAEMLIN_URL%%/grin.gif
 
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