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Author Topic: How much OIL do we have?  (Read 1015 times)
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Darth Wader
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« on: Oct 22, 11 - 07:12:57 PM »

OIL - You better be sitting down when you read this !!!!!!

As you may know, Cruz Construction started a division in North Dakota just 6 months ago. They sent every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers. They just bought two new Kenworth's to add to that fleet; one being a Tri Drive tractor and a new 65 ton lowboy to go with it. They also bought two new cranes (one crawler & one rubber tired) for that division. Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years. Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available. Unemployment in ND is the lowest in the nation at 3.4 percent last I checked. See anything in the national news about how the oil industry is fueling North Dakota 's economy?

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."

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 ! analyst.

"This sizable find is now the highest-producing onshore oil field found in the past 56 years," reportsThe 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 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 forf eit 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 can be verified. Check it out at the link below !!!!!!

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

Curz Construction:
http://www.cruzconstruct.com/services.php






 
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ike
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« Reply #1 on: Oct 22, 11 - 09:51:14 PM »

HOORAY, something finally went right for America in America.
Ike
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« Reply #2 on: Oct 23, 11 - 11:47:25 AM »

The Bakken has been generous to me, drill drill drill
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mr.smith
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« Reply #3 on: Oct 23, 11 - 03:45:47 PM »

The numbers from the copied email in the original post and the USGS article don't match. Sure it's still a lot of oil but 4 billion does not equal 2 trillion. Could it end our dependence on foreign oil? I don't know. Probably, long enough for technology to develop something better.

My only environmental concern is that the majority of ducks in north America nest in that region. I like to shoot ducks, and I don't like things that harm duck production.
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texan55
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« Reply #4 on: Oct 24, 11 - 06:50:52 AM »

http://pubs.usgs.gov/fs/2008/3021/pdf/FS08-3021_508.pdf

3.65 billion barrels.

About 1 years worth of oil u.s. by the united states at current usage rates.


FYI.
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Darth Wader
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« Reply #5 on: Oct 24, 11 - 09:21:48 AM »

http://pubs.usgs.gov/fs/2008/3021/pdf/FS08-3021_508.pdf
3.65 billion barrels.
About 1 years worth of oil u.s. by the united states at current usage rates.
FYI.


Dated April 2008, that was the old estimate, but new estimates are higher, but some websites are not having the same estimates. :/
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texan55
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« Reply #6 on: Nov 03, 11 - 01:11:50 PM »

That was the last official estimate. Regardless, it's a miniscule amount of oil compared to reserves in say... saudi arabia.
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fuzzy
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« Reply #7 on: Nov 03, 11 - 07:22:39 PM »

Lets all pay 10.00 a gallon of gas so mr. smith can shoot ducks
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intexas2
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« Reply #8 on: Nov 03, 11 - 10:34:55 PM »

  At this point in time, do we really need to screw the pooch?  How about changing direction a bit...we live in a great state with more than abundant sunshine...where the hell is the solar technology when we need it???  If we can channel, direct the sunlight and store it in batteries, so to speak, and continually charge them to help cover ac, heat and water heaters... what is holding them back?  Gas is gas, oil dependency has got to change, yes, love to drive, but the older I get, the question is, at what cost...  we need a cleaner, solution...coal ain't it either...emissions are almost the same...use solar, and build it...why keep barking up same tree....   that dog don't hunt no more ?  Got to progress, even though it may be a pain...if our kids, grandkids stand a chance at all...we have got to get a handle on this.....sorry for diatribe, but....it affects us all, globally, and family wise....
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intexas2
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« Reply #9 on: Nov 03, 11 - 10:46:27 PM »

   Was lucky enough to spend about 8 hrs at Calaveras Lake the last two days...first time fishing since a little before Easter...that I understand it, Calaveras is a "coal" fired generator lake...after watching the smoke come off the plant...have decided to never go back...if Braunig is the same...I will plan my trips to the coast, for a fresh, saltwater, and no freshwater plant fishing expedition...it is nasty looking, and smelling, according to residents.....from the Boston area originally, Ft Sam got me here....how far will we go?  Sorry guys, in my opinion, we passed it a while back...we, collectively had got to go further, and keep what's left our planet viable, and healthy....the government needs to get their heads out of their collective asses, and move forward
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fuzzy
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« Reply #10 on: Nov 05, 11 - 07:34:54 PM »

Back in 86 I spennt 4 months in Mojave desert building solar power plants.Now I here some are closing down.Solor aint making it.
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