I wonder if this is ture,about U.S. Oil

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:　
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," reportsThe 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?　
Got your attention yet?　 Now, while you're thinking about it, do this:　
Pass this along.　　 If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices - by doing NOTHING, you forfeit 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.　

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.　

　　

 

Hmmmm

 

It would be sick, if indeed this is legit.

 

You need to ask TW's Senior Geologist about this.

 

not much anyone can do abou it

 

I'd like a link -- to test this "important and verifiable information."

Besides, with our complete reluctance to march toward renewable fuel sources, what happens when the MidEast supplies run out? Are we going to throw our hands up in the air and cry "why did we tap our own reserves for cheap gas!?!?"

Also consider this (assuming the report is indeed accurate): When the world is out of oil and we're sitting on 2 TRILLION barrels of oil, that shit's going to be worth a helluva lot more than it is today.

 

China will invade us with their billion man army that knows kung fu. They need gas to power their little scooters and outboard motors on their junk.

 

FUCK!

I forgot about China. Cheeky bastards.

 

think strategically, we are just waiting our turn to hand it to everyone else.

 

BUT BUT....I WANT OIL NOW!!!!!

 

article from yesterday:
http://www.washingtonpost.com/opini.../04/20/AFkSD4KE_story.html?wprss=rss_homepage

 

from same article

 

Canada will drink our milkshake?

 

It's a conundrum

 

http://www.snopes.com/politics/gasoline/bakken.asp


The U.S. Geological Survey (USGS) released its assessment of undiscovered oil resources in the Bakken formation in April 2008, and although it reported a 25-fold increase in the amount of oil that could be recovered from that area compared to its 1995 estimate, the 2008 USGS estimate was still far short of the 503 billion barrel volume cited above.

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.

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 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.

Certainly 3.65 billion barrels of recoverable oil is nothing to sneeze at, but a little perspective is in order. The U.S. currently imports an average of about 10 million barrels of oil per day (for a total of about 3.65 billion barrels of oil per year), so even if all the estimated undiscovered oil in the Bakken formation were extracted today, it would only be enough to wean the U.S. off of crude oil imports for one year. That's still a good thing, but it's not nearly "enough crude to fully fuel the American economy for 41 years straight" as claimed above.

 

I can tell you for a fact that the Bakken Shale in North Dakota has an insane amount of oil. When my company first started Drilling the Bakken Shale we expected alot, but we only expected to drill for about 10 years up here....now were planning for another 15-20 years of drilling up here.

 

check and mate... snopes ftw, another conspiracy nut theory solved