The Great Oil Hoax.....or not?
Posted in the Ellijay Forum
#1 Apr 6, 2010
Here's an interesting read, important and verifiable
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:
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!
#2 Apr 6, 2010
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
s mall group of people dictate our lives and our economy.....WHY???
Is this a hoax? Depends on whom you believe. There is a a lot the feds are not sharing with the citizens.
#3 Apr 6, 2010
I read that same report last year and found it amazing that we we NOT making plans (just think of the employment opportunities!) to extract it. I was floored. So I did a little research myself, and to my astonishment learned that we don't drill for this oil because it would probably bankrupt the nations we currently buy oil from.
On the surface that doesn't seem like a bad idea, after all these eastern countries hold us hostage to oil prices. I read a peice on it, and can't remember where, but the crux of the argument was that many of these contries have no other natural resoures EXCEPT oil and were we to stop buying from them, we would have a war on our own shores because when they have nothing, they will turn on those of us that do. So the argument made sense but I would think there could be some middle ground in here some where. China could take up a lot of the slack in the future, maybe that's why the white house has decided we can do a little drilling in the future???? Just adding my simplistic 2 cents!
#4 Apr 6, 2010
Very good 2 cents!... There has been NO play in the MSM on this at all. In fact, there seems to be an effort to dismiss this information, and call it nonsense. Especially on the internet. Now this may be a hoax, what do I know, BUT....what IF in fact, the continental US (CONUS) had a huge underground oil reserve that it was only slightly tapping, as if the find was inconsequential? In other words, the US is acknowledging its existence but diminishing its importance? Why would we do that?
BTW...even snopes.com (for what it's worth) is struggling with this one.
#5 Apr 6, 2010
Disclaimer!!! first two posts were cut and paste!
#6 Apr 6, 2010
You have no idea. Working in the oil fields of Texas during college summers you would be amazed at the amount of oil pumps and natural gas pumps we were told to "Cap Off" for future selling opportunities.
In one months time we would shut down an average of 30 wells per month for "future" use. most of those wells are in the same status dating back from the mid 80's.
#7 Apr 6, 2010
Let's thank the tree huggers for some of our dependency on foreign oil. I like the shirt that says "When all the trees in the forest are gone, you can wipe your a$$ on a spotted owl"
#8 Apr 6, 2010
America is greedy. :P
#9 Apr 6, 2010
I truly beleive the main street media has been corrupted to the point of no return. They only do stories on what THEY decide we should know, not what is the truth any more. You have to do some serious digging to get any information these days. Amazing what has happened in the last few years. There are no real reporters anymore. Most of our "news" is just what the talking head is told to read.
George Orwell wasn't just writing fantasy now was he?
#10 Apr 27, 2011
I think this is a big hoax. It would not surprise me that this type of information is fake. How convenient that we just happen to have this supposed oil when the world oil supply is near empty. Peak oil is the issue here. Besides the north Dakota find is shale rock. The only way to get at it is fracking. Fracking is a whole other problem in it's own right. We are running out of oil and there is nothing on this earth that can remotely sustain the way we live on fossil fuels.
#11 Apr 28, 2011
I dont care what the excuse is, There is no damn reason our gasoline should be as high as it is. If you think drilling at home will stop the price gouging you better think again.
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