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HelicopterOff Topics › Is this true about oil?
03-16-2009 01:18 PM  8 years agoPost 1
hootowl

rrProfessor

Garnet Valley, Pa.

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GOOGLE it, or follow this link. It will blow your mind.

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

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 fieldfound 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 explorationhas 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.

Wolves don't lose sleep over the opinions of sheep

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03-16-2009 01:32 PM  8 years agoPost 2
Critterracing

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totowa nj good old​USA

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great info. with the current president we'll never see any oil from the states.

My Gallery http://www.crispycrittershobbyshop.com/Gallery/albums.php

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03-16-2009 01:36 PM  8 years agoPost 3
Mutt

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M ca usa

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with the current president we'll never see any oil from the states
Got that right and we will be losing a lot of things we had.

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03-16-2009 01:53 PM  8 years agoPost 4
Leif

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USA

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Snopes is a good idea before posting these kinds of topics.

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

While some of the post is true, the actual recoverable oil in the Bakken formation is in the 3-5 Billion barrel range. That's more like 1% recoverable.

Leif

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03-16-2009 04:39 PM  8 years agoPost 5
husky385

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Eugene

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What makes you think snopes is the last word in truth, on the Internet?
Kevin

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03-16-2009 05:35 PM  8 years agoPost 6
Sig Dawg

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Yorkton, Sask.,​Canada

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The Bakken extends up into Canada as well and we are, or were punching holes like crazy up here until the price dropped. You can almost put it directly into a vehicle it is so light. You guys are drilling into it in ND as well. There are new fracing technologies out there that allow for higher yields from each well. The problem with the Bakken is that the formation holds lots of oil, but it is hard to extract. Once the price goes back up the swiss cheese factory will resume. These wells cost on average 2 million to drill, and with oil prices fluctuating oil companies are waiting for stability to resume drilling operations.

Jason

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03-16-2009 05:41 PM  8 years agoPost 7
Leif

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USA

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What makes you think snopes is the last word in truth, on the Internet?
I don't, which is why I looked up two or three different sources before posting that Snopes link.

All references that I could find show the total RECOVERABLE oil in that region in the 3-5 Billion barrel range.

Got any data to counter that?

Leif

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03-16-2009 06:19 PM  8 years agoPost 8
hootowl

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Garnet Valley, Pa.

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

Wolves don't lose sleep over the opinions of sheep

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03-16-2009 07:27 PM  8 years agoPost 9
husky385

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Eugene

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Got any data to counter that?
No data Just read a sampling all categories of what they post that they say is true or false with their sources they use. It looks a little left leaning truth to me.
Kevin

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03-16-2009 08:15 PM  8 years agoPost 10
Leif

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USA

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http://www.usgs.gov/newsroom/article.asp?ID=1911
Yes. As I said before, that data indicates between 3-4 Billion barrels of oil are recoverable.

I don't have a problem with the report that we have some oil. The misleading part of the original article was the assertion that "if even 10% of the oil is recoverable......".

Last I checked, 5 billion is only 1% of 500 billion. Even the report you quote estimates only 3.65 billion barrels recoverable. While this isn't a drop in the bucket, getting there involves drilling over a very large area.

When you check the numbers it doesn't seem so impressive. Assuming that report was done in 2008 (the date on the report), the report indicates that only 105 million barrels of oil have been recovered from that formation since 2000. The US consumes 20 million barrels per day, so that's five days of oil pumped over an 8 year time period. Not very encouraging to me.

Leif

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03-16-2009 11:13 PM  8 years agoPost 11
easyrider1

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motorhome

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around 1985 i was in gilette, wy. working in the oil field (pulling unit), i met a guy running a thumper truck and he said they made the largest oil discovery in u.s. history but it probly wouldn't be public for a lot of years. i'd say 20 years is alot. big oil has patience.

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03-16-2009 11:57 PM  8 years agoPost 12
HugeOne

rrKey Veteran

Quebec, Canada

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Use all the oil from around the world, then pick that ace from your sleeve...

Oil is strategicaly important, if there is indeed big oil reserve, it'll surely be used at the last moment.

Anybody of you play risk?

Raptor e620 w/V-bar, Tango 45-06, Phoenix 85HV, TrueRC 12S1P 4000mAh

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03-17-2009 01:28 AM  8 years agoPost 13
hootowl

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Garnet Valley, Pa.

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To be honest with you I believe we will NEVER run out of oil. We will have moved on to other means and oil will once again be just "there".

Wolves don't lose sleep over the opinions of sheep

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03-17-2009 03:52 AM  8 years agoPost 14
BJames111

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San Diego,​California

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do you honestly think that it would get sold to the U.S. market? The booming industry in China will be more than happy to buy it, at a price much higher than Americans will pay, and we'll the screwed again by big oil.

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03-17-2009 09:45 AM  8 years agoPost 15
hootowl

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Garnet Valley, Pa.

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Brian you are so right. This country has turned to greed #1. We were built on sweat and hard work. Now we are lazy, greedy and ignorant. We are selling our souls to the world and buying everything from everybody else but ourselves. We complain that we don't make good enough cars so we buy them from somebody else instead of making better cars ourselves. Actually we now do make excellent cars, we are just too lazy and greedy to be seen driving in them now that everybody and their brother drives foreign cars. No wait.... there's no such thing as foreign cars anymore is there? They all make them in the US now Great.... lets give Toyota and Honda bailout money! It's like it's not even cool to drive something other than a Honda, Toyota or other non-US brand. These are big ticket items. The impact on our economy is killing us.

We shop Walmart with blinders on. How do they sell that stuff so cheap? Most will act stupid.... well I'm not sure about the acting. (I try to stay away from Walmart)

So yea, if another country gives us a penny more per barrel we'll sell it to them.

A little cynical? Nope. Think about it. How many physical things are made in the US anymore? How much longer can we just buy stuff without making anything?

It's funny, there was a story on the radio yesterday about a college grad who had a technical degree and switched to cosmetology. They can't outsource haircuts and most people gotta have them LOL

I would rather pay a little more to pay for the extra (higher wages and benefits) we get in this country than to sell ourselves out. Problem is there isn't much left that is domestic to contribute back. Even our service industry is outsourcing.

Wolves don't lose sleep over the opinions of sheep

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03-17-2009 10:05 AM  8 years agoPost 16
OICU812

rrMaster

Edson, Alberta,​Canada

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Fort Mac oil sands are even bigger yet....
The largest portion of this earth has barely been tapped, "the ocean". Once the technology is there to have it done truly safely, the reserves I am sure will last thousands of years to come...

...Once upon a time there were Nitros, flybars and frequency pins...

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03-17-2009 11:43 AM  8 years agoPost 17
hootowl

rrProfessor

Garnet Valley, Pa.

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the reserves I am sure will last thousands of years to come...
And that's why I think oil will never be a problem. We will be far past using oil for energy way before we run out.

Wolves don't lose sleep over the opinions of sheep

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03-18-2009 12:24 AM  8 years agoPost 18
himaxkeith

rrApprentice

Atlantic City NJ.​USA

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I remember an article in the news about OPEC. Basically they said you can have all the oil we need but the problem has always been we dont have the capacity to be able to refine the oil to keep up with the demands. Untill we build more refineries Dont matter how much oil we find.still dont have the means to keep up. And with all the oil spills or HAZMAT its getting harder to find a state that will except the refineries in there back yard.

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03-18-2009 12:49 AM  8 years agoPost 19
OICU812

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Edson, Alberta,​Canada

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Exactly need more refineries, spot on the money there. The refinery here in Edmonton prior to the finanacial blum was producing at well over 100% of its' designed capacity,,,, we need more, this would truly provide a balance as well once the world gets back on its' feet.

...Once upon a time there were Nitros, flybars and frequency pins...

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03-18-2009 02:16 AM  8 years agoPost 20
MooneyDriver

rrVeteran

Kent, Ohio

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Do a search for Gull Island...

Hey man, why does my lipo get bigger every time I charge it?

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