OIL - you better sit down. ..

Here's an interesting 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://bakkenshale.net/bakkenshalemap.html

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?

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.

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

 

I would think this should be in OFF TOPIC, nothing to do with Vetts

 

My vette uses a lot of this natural resource

 

When I first brought my Vette home I would find a puddle of it on the garage floor.



I feel like we are highjacking this post by actually talking about Vetts.

 

What are you using to run yours around mine uses GAS....Id say its right on ,the forum General Its better than some folks questions that are on this Forum..
Ot who reads that???????????

 

Your absolutely right!

Sorry for the criticism!

Won't happen again!

Please forgive me!

 

Always check snopes before posting...

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

 

Excellent post! My Corvette uses a lot of refined products too.
Now we just need a way to start tapping this resource.

 

where did you buy your hybrid ?

 

did you know that the procedure to extract oil from the ground is very dangerous. It often results in surrounding water becoming unsuitable for drinking.

Watch the movie Gas Land

with that said as long as your not effecting my water drill away

 

But, the 'bottom line' for the oil situation is that big oil companies are making more money with the system "as it is" than if they had to drill new oil....or they would already be doing it.

 

I agree it belongs in Off Topic. It isn't appropriate in C3. Besides, based on the map included in the post, most of the oil is in Canada, not the US of A.

 

Now that they found oil, when are gas prices going to go down?

 

Not true at at ALL!! Our so called goverment will not allow drilling here!!!

 

So what's your point?

 

Really not trying to be A beavus . happy Corvetting.

 

What about that 100 mpg carburetor? The oil companies stole that and executed the inventor to make sure we keep using mucho high priced oil!!

 

As long as cheap oil is available from 'some other' country, domestic oil will never be exploited.

The tar sands in Canada were not economical to do anything with until recently.

 

Thank you VERY much!!!!!!!!!!

Some people believe everything they read if it sounds FANTASTIC!

Believe nothing you read unless it is based on facts that you can verify.



For every view that you agree with, there is an opposite view that other people agree with.

 

It must be true because I read it on the internet.


This was true when it was written 40 some years ago, and still true today: