Hey Philo!! I have seen this article previously, and when you get to looking into the facts of this purported discovery, you will learn that it is no big secret. The problem, is that the "reserves" for lack of a better term, is oil shale, and almost impossible with today's technology to refine, or be able to generate energy from. It is by no means impossible however, and our Nation should be looking at ways to improve our technology in order to generate energy from this massive resource!!
On Tue, Mar 24, 2009 at 11:43 AM, Philobealo <[email protected]> wrote: > > GOOGLE it, or follow this link. It will blow your mind. > > http://www.usgs.gov/newsroom/article.asp... > <http://www.usgs.gov/newsroom/article.asp...> > > 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. 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. > > > > --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
