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soonerinkaty
11/4/2009, 02:02 PM
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 2,041 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



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

SCOUT
11/4/2009, 02:18 PM
http://www.snopes.com/politics/gasoline/bakken.asp

Mixture of true and false

OklahomaTuba
11/4/2009, 02:22 PM
Snopes is wrong on this one.

SCOUT
11/4/2009, 02:26 PM
Snopes is wrong on this one.

That is good news then. Which part?

OklahomaTuba
11/4/2009, 02:34 PM
That is good news then. Which part?USGS keeps upping the proven reserved of that formation. Fact is, they don't really know how big the formation even is according to the folks I read (non-government folks who actually know stuff about shale oil and shale gas, and not the retards at the USGS who couldn't make it in the private sector.)

The Marcellus Shale is the real game changer however. Its scary how much hydrocarbons are in the ground in North America. Its just expensive to produce it because of the fracing and stuff involved.

StoopTroup
11/4/2009, 02:43 PM
Obama already drained the middle east...the dakotas are next.

OklahomaTuba
11/4/2009, 02:44 PM
Obama already drained the middle east...So THATS what he was doing to the Saudi King...

StoopTroup
11/4/2009, 02:46 PM
So THATS what he was doing to the Saudi King...

Yep....just checking out another dry well....lol

Collier11
11/4/2009, 03:02 PM
If this is true, someone needs to answer to this

NormanPride
11/4/2009, 03:05 PM
USGS keeps upping the proven reserved of that formation. Fact is, they don't really know how big the formation even is according to the folks I read (non-government folks who actually know stuff about shale oil and shale gas, and not the retards at the USGS who couldn't make it in the private sector.)

The Marcellus Shale is the real game changer however. Its scary how much hydrocarbons are in the ground in North America. Its just expensive to produce it because of the fracing and stuff involved.

Do the economies of production still factor into the discussion like snopes mentioned?

KC//CRIMSON
11/4/2009, 03:11 PM
Seriously folks, the day you start asking Tuba for sound advice is the day you need to slit your own wrist.

NormanPride
11/4/2009, 03:13 PM
Actually, he knows his **** about oil production in the US.

KC//CRIMSON
11/4/2009, 03:14 PM
Actually, he knows his **** about oil production in the US.

Actually, he doesn't.

StoopTroup
11/4/2009, 03:15 PM
Hey Tuba...what kind of IPOD do you have?

Oh ****! Now I've done it.

Petro-Sooner
11/4/2009, 03:15 PM
Shale is some interesting stuff. Hope to get to work it at some point in my career.

TheHumanAlphabet
11/4/2009, 03:28 PM
Shale oil and Shale gas is the "new" wave. Some people seem to be betting that at least shale gas with new techniques will be recoverable. They have been steaming oil out of Southern AB and ND for a while, perhaps the oil with new technologies would be more recoverable.

Condescending Sooner
11/4/2009, 04:55 PM
Actually, he doesn't.

But You are certainly an expert.

soonerinkaty
11/4/2009, 05:18 PM
My dad works at National Oilwell, he also sent me the email. He said they began drilling it not long ago and so far so good.

Fraggle145
11/4/2009, 05:21 PM
My dad works at National Oilwell, he also sent me the email. He said they began drilling it not long ago and so far so good.

So then this part of your forwarded email:


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?

Isnt exactly correct/relevant if they are drilling it correct?

soonerinkaty
11/4/2009, 05:24 PM
He sent it after i asked why are we sitting on our asses. But you have a good point, sir.