capecoralblogger

Subject: Politics of Oil Date: Sun, 06 Mar 2011 06:15:04 -0600*

In Uncategorized on March 9, 2011 at 10:26 am

Subject: Politics of Oil Date: Sun, 06 Mar 2011 06:15:04 -0600*

Any experts on Oil business agree with these numbers.

Set down before reading

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,” 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 DenverPost/.
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

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