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Ever heard of the Bakken Formation?
GOOGLE it or follow this link. It will blow your mind.
The U.S. Geological Service issued a report in April ('08) that only
scientists and oilmen 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 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 ha s 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, people!]
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 a s 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
democrats, environmentalists and left wing republicans 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.
----
GOOGLE it or follow this link. It will blow your mind.
The U.S. Geological Service issued a report in April ('08) that only
scientists and oilmen 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 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 ha s 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, people!]
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 a s 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
democrats, environmentalists and left wing republicans 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.
----
I've heard all sorts of numbers from varying sources. The traditional numbers are the ones on the chart you posted. I'm just repeating what I've heard from people in the local area that work or do research for the big US oil companies. We have 8 times the oil reserves of Saudi Arabia is what I was told by two sources.
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