Up-Date on CRUDE OIL (not a joke)
INTERESTING OPINION FROM A FRIEND:
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 practicall y 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. 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 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. 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/ire up yet? Hope so!
Reference:
http://www.usgs.gov/newsroom/article.asp?ID=1
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 practicall y 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. 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 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. 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/ire up yet? Hope so!
Reference:
http://www.usgs.gov/newsroom/article.asp?ID=1
Views: 14
Replies to This Discussion
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Permalink Reply by Les Bamburg on -
PG, coal and oil have carbon plus oil has some hydrogen. When you burn or combust coal or oil - CO2 is formed and released to the atmosphere.
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Permalink Reply by sesport on
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Les - Best example I can think of for some of these guys is a "hands-on" experiment. Go to the garage, close the door, get in the car and run it for about 20-30 minutes. Report back to us and let us know how it went.
best - sesport :0)
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Permalink Reply by P.G. on
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Maybe do a CO2 count, huh?
I thought plants thrived on CO2?
With more co2, wouldn't plants become more lush and absorb even more co2?
I believe I read where some green house operations increase co2 levels for more production.
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Permalink Reply by sesport on
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PG - Okay, those who think they should undertake this experiment can put a potted plant in the car, too.
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Permalink Reply by Mac Davis on
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Plants will probably absorb more CO2 if the level of CO2 in the atmosphere goes up. However, they won't necessarily absorb all the extra CO2 in the atmosphere to drop the level back to the original levels. CO2 levels have been increasing in the atmosphere over the past century.
If the area where the plants are growing is dryer or hotter, they may absorb less CO2.
You only gain ground if the plant material carbon gets stored somewhere and doesn't decay or burn. If you produce more plant material in the summer, but it burns or rots faster than you build up the plant material either growing or lying unburned on the ground, you don't gain any ground on CO2.
The US produces around 20 tons of CO2 per person per year. In order to offset this, nature would have to produce and store around 12 tons of wood or other plant matter per year per person. This material must not rot or burn. Then you have to produce another 12 tons of "biomass" the next year. At the end of 10 years, each of us would need a pile of 120 tons of biomass sitting around somewhere on the earth. This would have to continue year after, and generation after generation. In 100 years, we'd need 1200 tons per person of additional biomass stored somewhere on the Earth.
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Permalink Reply by P.G. on
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So how many tons of wood and vegetative plant material does the earth produce each year? Don't forget about the algae, fungal, bacterial and plant life produced in the Oceans that cover most of the earth!
The government's attempts to tax our co2 emissions won't do a thing change any meaningful figures. All it will do is shift your wealth to them! The polar bears will still be as screwed as well as all of us will be! -
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Permalink Reply by Max on
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Plants have special cells in the leaf structure that take up CO2 to use in the production of food. When CO2 levels rise, the plant leaf produces less of these cells in ratio to the other cells that make up the leaf of a plant. Scientist use this information to estimate CO2 levels that were present during the life of fossilized plant mater, up to millions of years ago.
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Permalink Reply by Mac Davis on
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So how many tons of wood and vegetative plant material does the earth produce each year? Don't forget about the algae, fungal, bacterial and plant life produced in the Oceans that cover most of the earth!
It doesn't matter how much plant matter gets produced. What matters is how much is produced minus how much gets consumed through decay, burning, eating, etc. If, for instance, CO2 absorption by plants goes up 10% because of increased levels of CO2, but the amount of plant matter that gets converted back to CO2 by decay, fire, etc. goes up 20% due to increased temperatures, the level of CO2 in the atmosphere goes up, not down.
I'm not saying that will happen, just that there are both positive and negative changes that occur and we don't really know which ones are stronger. -
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