The US has enough crude to fully fuel the American economy for 2041 years Email from a friend, research needed. About 6 months ago, there was 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."
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 (5 Billion barrels), 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 analyzer. "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 many recent years of high oil prices none has been extracted. With this mother lode 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 everyone in your address book.
By the way, this can be verified. Check it out at the link below !!!!!!
USGS Releases Oil and Gas Assessment for the Bakken and Three Forks Formations of Montana and North Dakota | U.S. Geological Survey [usgs.gov]
In the past year, our Government has artificially restricted US oil and gas production by approximately 40%. At the same time it has increased our purchasing of Russian oil by 40%...yeah, I know, doesn't seem to make any sense. Two years ago the US was petroleum independent for the first time in decades. Yes, the goal of 100% "clean energy" is noble, but it has to be balanced with economic reality and US security.
I think the Lemon basin is the area getting the most speculative investment. Exxon was trying to gobble it up a few years ago. Who owns Exxon?
Edit: "Permian basin" 🤦♂️ what an unfortunate auto correct
At a large enough scale, it could be worth it.
The US doesn't even produce enough barrels per day to cover consumption.
We did until Democrats stole the elections.
In 2019 we did.
Just yesterday I stumbled across an article in the mainstream press (Forbes, June 19, 2014) debunking peak oil. I could hardly believe my eyes! Peak Oil 1: What Is Peak Oil?
It's bizarre that the fact that peak oil is nonsense and abiotic oil theory is correct are just open secrets, laying around in plain sight for all to see, yet somehow only a handful seem to know this. Very bizarre indeed. Wouldn't you agree, others in that handful?
Remember when we were to hit peak oil in the 1970's? And soon after we would run out? Science at work again.
Nope.
Learn the basics : 1P vs 2P vs 3P , stocks vs flows and marginal cost of each additional 1Mb/d production.
More than that ,plus it cant run out as long as the earth exists and we have thousands of years worth of coal.democrats are screwing the whole country
Everyone thinks it's incompetent leadership, so they point out the logical failing of the "other side" but it's about a great reset.
This was always a strategic goal of the us (explicitly in the 20th century)
Pillage the resources of the other, less developed colonial nations and hoard ours. Then when the time is right, build the wall and let the world collapse.
There is likely still plenty of oil - not that that is a good reason to rape and pillage the nature and earth we require to live.
Um, I'll try to explain it how I see it:
There's only 1000 lunchables at the whole school, and they aren't going to get any more. I have 300 lunchables in my locker. I can eat lunch every day, all year long. Billy has 150 lunchables, and everyone else at school has like 5 or 10 lunchables each.
If I eat from my own lunchables, then after 10 days, everyone will come looking for me to share my lunchables. Everyone except for Billy. Billy and me will be able to set the price of lunchables, get whatever we want from whoever we want--because they all need our lunchables.
What if I am the best businessman and sell all my lunchables so that now only Billy has a stockpile in his locker. Well now Billy decides who starves and what everyone has to pay to get a lunchable. At a certain point when supply is low, Billy might close up shop and keep all the remaining lunchables for himself. We all go hungry except Billy.
But what if I never touch my own lunchables? What if I buy my lunchables from Billy while they are plentiful and cheap? What happens if I run Billy out of stock? Well then I decide who goes hungry. Now I decide the price of lunchables. (Now my tanks have diesel and you're using horses and carts.)
It's all about the long game.
Your analogy entirely ignores gains in efficiency. The game is not to make it last forever, it's to get the most useful returns on it while building the next mass energy storage and transport technology.. whatever that happens to be.
This is a Tsiolkovsky rocket equation problem, not a human calorie problem.
I think the Dr. Evil part of the plan is that fossil fuels are a necessary intermediate step to get from Flintstones to Jetsons, so burning through it all and then pulling a Dr. Strangelove may put Earth into a permanent Classical period from which there is no escape.
It's like castrating the planet so that it can't go back to outer space. Clearly these are the edicts of the galactic federation who deemed humanity unfit to colonize other stars.
Oil is all we need.
Human adaptation and tolerance of different levels of background risk make this less likely. Nuclear power is always available. Coal is always available, and was readily used as a fuel source pre-industry... coke, likewise, always available. Before "fossil fuels" we used "whale oil." Modern solar cells are efficient and well packaged and designed to fit into an existing voltage standard based on multi-cell lead acid battery levels, but nothing about that is required to actually use solar power.
We've only had oil for 150 years. We got really far without it.
The space shuttle main engines burned pure Hydrogen and Oxygen. Solar Cell + Water == Hydrogen + Oxygen. Thankfully the earth is mostly water.
Or we just have a few lessons to learn and realize that our "limited resource based" economy was the most retarded thing a species could engage in.
That analogy is utter nonsense. The amount of oil we are talking about is enough to fuel the U.S. for thousands of years. To hoard those reserves now has nothing to do with running anyone else out of fuel. It is about creating false scarcity so big oil can price gouge the public.
Well said!
You need to learn how things work.
Isn't this the Fracking issue ? yes you can extract the oil, but at a great environmental cost, poisoned water tables, earth tremors, contaminated land. The oil men get the loot and we get poisoned.
Except none of that happens.people that couldn't care less about you say that ,but it dosent happen.