America has lots of oil

clip_image002

If we have this much, there should be no reason to use Arab oil.

And gas should not be approaching, or at, $4.00 a gallon.

Here’s an astonishing read.  Important and verifiable information :

About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. 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 (hadn’t 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:

http://www.usgs.gov/newsroom/article.asp?ID=1911

clip_image003

U.S. Geological Survey

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—
Released: 4/10/2008 2:25:36 PM

Contact Information:
U.S. Department of the Interior, U.S. Geological Survey
Office of Communication
119 National Center
Reston, VA 20192

Reston, VA – North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.

A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil.

Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources.

New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes.

About 105 million barrels of oil were produced from the Bakken Formation by the end of 2007.

The USGS Bakken study was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol as required by the Energy Policy and Conservation Act of 2000.

The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states and is the largest "continuous" oil accumulation ever assessed by the USGS.

A "continuous" oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences.

The next largest "continuous" oil accumulation in the U.S. is in the Austin Chalk of Texas and Louisiana, with an undiscovered estimate of 1.0 billions of barrels of technically recoverable oil.

"It is clear that the Bakken formation contains a significant amount of oil – the question is how much of that oil is recoverable using today’s technology?" said Senator Byron Dorgan, of North Dakota.

"To get an answer to this important question, I requested that the U.S. Geological Survey complete this study, which will provide an up-to-date estimate on the amount of technically recoverable oil resources in the Bakken Shale formation."

The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels.

Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry.

They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil estimates.

USGS worked with the North Dakota Geological Survey, a number of petroleum industry companies and independents, universities and other experts to develop a geological understanding of the Bakken Formation.

These groups provided critical information and feedback on geological and engineering concepts important to building the geologic and production models used in the assessment.

Five continuous assessment units (AU) were identified and assessed in the Bakken Formation of North Dakota and Montana – the Elm Coulee-Billings Nose AU, the Central Basin-Poplar Dome AU, the Nesson-Little Knife Structural AU, the Eastern Expulsion Threshold AU, and the Northwest Expulsion Threshold AU.

At the time of the assessment, a limited number of wells have produced oil from three of the assessments units in Central Basin-Poplar Dome, Eastern Expulsion Threshold, and Northwest Expulsion Threshold.

The Elm Coulee oil field in Montana, discovered in 2000, has produced about 65 million barrels of the 105 million barrels of oil recovered from the Bakken Formation.

Results of the assessment can be found at http://energy.usgs.gov.

For a podcast interview with scientists about the Bakken Formation, listen to episode 38 of CoreCast at http://www.usgs.gov/corecast/.

—————-
Other reference (email sent to me):

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….. 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 2041 years straight.

And if THAT didn’t throw you on the floor, then this next one should – because it’s 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 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?

clip_image007

Marianne’s note:

Either those in control are foolish, or they are intentionally keeping the oil prices high, by buying Arab oil, instead of drilling at home.

When the righteous lead, the people rejoice.

When the wicked or foolish rule, the people mourn.


26 Responses to “America has lots of oil”

  1. That’s a good idea to keep the oil. May be they hand it over to China. Anyway they will get much more for it when the other sources are gone!

  2. I am not sure you understand supply and demand economics. If thee is a lot of someting the price goes down and if scarce the price goes up. Of course they would prefer high prices. Oil goes on the WORLD market and is sold to the highest bidder. There is no such thing as American oil or Arab oil, it belongs to the oil companies who will sell to the highest bidder. You are just falling for Nationalistic hype put out by politicians.

    • hi Sten

      I do not think I am falling for hype, if the oil is there. The hype is that we need to depend on arab oil, and need to pay a lot for it. I really do not like this economic system anyhow.

      Off shore drilling like BP has been doing has created an environmental nightmare.

  3. The “3 to 4.3 Billion Barrels of Technically Recoverable Oil” sounds like a lot until you realize the US consumes 8 billion barrels of oil per year. Technically recoverable means it is possible to recover, but not as easily as just pumping it out of the ground since this is oil shale. It is only being looked at because the price is now above $100/barrel. A lot of oil can be produced if we want to pay $100 – $200 per barrel. There is a good reason Satan founded his religion where he did. I don’t think America has an easy way out of the future, nor do we deserve it as a nation. As is often stated, our only shelter will be in the Lord. Trust Him and don’t be fearful.

    Dave

    • Hi dave

      Good points. It seems like an alternative oil source, if things get worse, but like you said, our future spiritually and physically does not look too good anyhow, based on the nation’s behavior.

  4. There is nothing wrong with American people, why are you so down on them?

    • hi Mick

      In general, I could say the American people are ok. But there are many people within this group that have erred out of ignorance, and out of rebellion against god. There is a a lot of sin in the nation, and they are not sorry for what they have done. This is also true of other countries, but the topic here just focuses on America.

  5. “out of ignorance”. Exactly, you cannot blame people for being ignorant of the truth. “forgive them they know not what they do”. Maybe ‘something’ is deliberately keeping them in ignorance.

    • hi Mick

      most people are ignorant of this because they are not in the oil industry.

      those in the oil industry know about it.

      and those in the government know, or could know, but they are willfully ignorant, choosing oil interests and politics over good common sense.

  6. Welcome to my team, Marianne!😀

  7. I rather reluctantly come to the same conclusion as you do. 99.999% of us are slaves and 0.001% elite are running the show for their own benefit. It is almost as though they are not indigenous to Earth!

    • Mick

      Maybe that is the solution. The elite should go back where they came from, and leave us alone.

    • Mick,

      The .001% ARE indigenous to this earth. It is we who are not.

      Dave

      • Dave

        Yes I have considered that and therefore WE should go home. But it doesn’t fit. Why should 0.001% indigenous manipulate the world and cause such natural destruction and exploitation if it is their planet? I suspect 0.001% don’t care about the planet or its indigenous populations but the have the power to control it. It makes more sense to conclude that the ones who are not from this Earth have the greater power and the indigenous are powerless (and meek). In some way they are overcome and the meek (re)inherit the Earth.

  8. Obama’s speech today on oil and energy was pathetic. He said ‘all the slogans like drill baby drill did no good’. Well of course they did no good, we have a Democrat like him in charge and also in charge of the Senate and up until recently in charge of the House.

  9. Excellent topic and dialog. Lindsey Williams wrote “Syndrome of Control”, a book that covers this subject. According to him, oil corps are, in deed, hiding the fact that there is more than enough oil on the north slope of Alaska alone to sustain a growing US for 200 years.

    I’ve done research on this subject and I honestly can’t decide what the real truth is. It’s like the UFO phenomena, one has to see it to believe it. It’s hard to prepare when the truth is difficult to determine. That’s why I love God, because He first loved me and He is my armor, my safety and my home. Praise be to God!

  10. The price for almost everything is based on the market. We pay high prices because we really haven’t gotten to the point where we need to use our own oil. We still pay a lot less for our gas then a lot of other places. I’m glad to know that no matter what happenes in the world we have the oil on tap to use when we really need it. What I would really like to see is us as a country to not ever need it, unfortunately we never work on the alternative energy sources and tech that we need to develop untill prices get really high. Once the prices go up then Americans finaly get down to business and find better ways to do it. It’s sad though that we will only work on those alternatives earnestly when the price for oil goes through the roof. We can have it all if we invested the time and money in the tech. Hydrogen power and high grade batteries are the way of the future. Then we will never need to drill for that oil. Everyone wins including the earth. Just look at the high price of gas as the incentive to finaly get us off our asses to develop what we should have had all along.

    • hi Jonathan

      I have read some about hydrogen power, and think that is a very practical way to go as well.

      If the government would just give grants for everyone to put solar cells on their roofs, that would also help.

  11. “3 to 4.3 Billion Barrels of Technically Recoverable Oil”

    The USA consumes about 20 million barrels of oil a day.

    4.3 billion barrels is about 215 days worth of supply.

    Peak oil is coming soon, if not already here. Read the Chris Martenson Crash Course, and watch the documentary, Collapse. Highly recommended.

  12. DRILL BABY DRILL
    PRAISE AND GLORY TO SARAH PALIN
    LIVE BY THE SWORD DIE BY THE SWORD
    EXTERMINATE THE ENVIRONMENTALISTS
    DESTROY LIBERALS
    GOD DEMANDS BLOOD REPAYMENT
    KILL AND DRILL WHILE THERE IS STILL TIME

  13. Well these lefty-atheist liberals want to de-populate America&return the land back to nature. The de-construction industry is the main part of a future economy to them. Reduce&control population&reduce urban areas back to nature. Give it back to the native plants&animals like America was 1000 years ago.

  14. This you got to ask the illumiNUTties….

    It’s obvious..it’s printed on your Greenbacks. Novus Ordo Seclorum.

  15. Just like the tar sands deposits in Alberta Canada, 2.5-3 trillion barrels of oil&I heard of a similar deposit in British Columbia&the Canadians are scratching their heads why the USA don’t want this oil when pres. Obama rejected the pipe-line! The Canadians are targeting for 5 million barrels a day! Brazil has massive offshore deposits 4 miles deep, it is salty&500 degrees hot but it can be taken care of! Also South Australia has super-massive deposits! We also have that oil-shale about 3 trillion barrels of oil!!! Also the Gulf of Mexico hasmore oil than saudi-Arabia!!! It is agenda 21 that wants to shut off all fossil-fuelsin this country as well as world wide!! BTW Fossil fuels will be used in the Millenium

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: