Here's an interesting 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:
http://oilshalegas.com/bakkenshale.html


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 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?

__________________
Junqueyardjim
Christianity, if false, is of no importance, and if true, of infinite importance. The only thing it cannot be is moderately important. C.S. Lewis



1983 Mercedes W123 240D 4 Speed 285,000 on the road with a 617 turbo, beautiful butter yellow, license plate # 83 240D INDIANA

2003 Jaguar Type X, AWD. beautiful, good mileage,
Mom's car, but I won't let her drive it!

That's ancient news. I remember the shale oil "discoveries" back in the '70's. The problem was and always will be the extraction. There have been all kinds of ideas to retrieve it from, percolation, fracturing, horizontal boring, etc.

None of them ever panned out and probably never will until Americans are willing to pay $10 a gallon for fuel.

Or more.

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

i've always been of the belief that you use up everybody else's oil first.then they pay you thru the nose for oil.maybe they are getting close to being able to recover this.hyperion is in the process of building a refinery in south eastern south dakota.about 6 miles from a buddy of mine.believe they said when operational it will employ 20,000 people which sounds like a heck of alot of people.but then it will take up like 8 sq miles.

I'm sure the oil is there too. I believe we should tap into our own resources and get off the dependence of foreign oil and the huge cost to our country, its people, and our freedom.

But does anyone think the fat-cat lobbyists for the oil companies will allow laws to let us get the oil that will produce $16/ barrel?

__________________

Current:
2014 VW Tiguan SEL 4Motion 43,000 miles.

2016 Hyundai Santa Fe Sport (wife's).

Past:
2006 Jetta TDI 135,970 miles. Sold Nov. '13.
1995 E-320 Special Edition. 220,200 miles. Sold Sept. '07.
1987 190-E 16 valve. 153,000 miles. Sold Feb. '06.
1980 300-D 225,000 miles. Donated to the National Kidney Foundation.
1980 240-D manual, 297,500 miles. Totaled by inattentive driver.

Nice! I'm going to run out and buy a Silverado with an 8.1 to celebrate!

8mpg!

__________________
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1969 280SE
2023 Ram 1500
2007 Tiara 3200

There is lots of oil left in the world.... at $150/barrel...... even more at $200/barrel.

This has never been about an oil shortage, it's about a cheap oil shortage.

Assuming people don't find something else, that would be a great plan. OTOH, if they do, well, you just have an oily mess

__________________
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Keep dreaming, the Exxon Baytown refinery (largest in US) is 2400 acres or 3.75 square miles. It is also 400,000 bopd where Exxon is 557,000. The Hyperion is a combo refinery and power station, using Canadian heavy crude as feedstock. It would employ 1800 people.

__________________
MB-less

BTW, the Rockies have more oil shale than the Bakken, by far. But as mentioned, getting it out is the trick. The low hanging fruit in terms of oil reservoir quality are gone in this country.

__________________
MB-less

We have plenty of oil from the Alaskan wells, and the refined products produced from it sell for the same money as oil imported from OPEC. Those prices are set by the oil companies not lobbyists and those they bribe in congress. The lobbyists are there to keep the EPA at bay and maintain the tax rebates for oil companies.
We should get off our independence on imported oil by conservation and alternate sources of energy. If you think there is currently a huge cost to us for using imported oil, wait until we have no oil of our own. Using up our reserves now instead of using up the reserves of other countries is very poor planning.

You have to ask yourself: are ALL reserves going to be used up? If countries were smart, they would plan for the time when fossil fuels will be scarcer. But countries are not smart. And Americans have no idea how to conserve, there has never been a need.

The problem we have now with GLOBAL oil supply, is that until the 70's, we sat on top most of it, now unstable regions are in charge of it. thats the problem, not supply. Now, growing economies around the world are demanding more oil to support their own growth. Guess spreading democracy to the world has its downside. Keep them in the stone age would mean more energy for us.

And even though the price of oil is roughly the same everywhere, the cost to transport is not, so having it in your own backyard is a real plus.

__________________
MB-less

What is the cost of Alaskan oil to BP or XM? It certainly is not the figure posted on WSJ. Plus some of that oil from Alaska goes a very short trip down to Washington state to be refined. Do you think BP or XM gasoline in the NW costs less than gas refined from OPEC oil?
ALL reserves will likely never be used up. But using our oil instead of foreign oil is a strategic mistake. We need to stop trying to spread democracy to places that simply are not interested.