more oil in US

[jikwan]

> > > 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 h ighest-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.  How ever, 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 is more than 2 TRILLION barrels.
>  On August 8, 2005 President Bush mandated its extraction.
> > >
> > > 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!
> > >
> > > 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.
> > > ----
> > > 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.
> > > --------
> > >
> > > Now I just wonder what would happen in this country if every one of you
> sent this to every one in your address book.

[jadaro2600]

Nice to know.  I was almost shot on the day after that report was released.

[AB Hammer]

That is very good news. We now may be able to pay China back.

[infringer]

Not a chance there by the time we are able to extract it because people are forced with another crisis on oil ... It will have been too late and the switch from fossil to alternative will be in place.

Talk about a shame!

[jibbguy]

Only about 2/3 of oil is used for fuel. The other third is used for plastics, chemicals, pharmacueticals. So it will be needed for centuries to come even after it is finally ended as fuel.

Does the report say if it is oil sands, heavy crude, light crude, or what? I suspect it is mostly in shale or oil sands, like in Canada. An environmental nightmare to mine.