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Iran opens exchange to trade oil, products-ISNA

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posted on Oct, 29 2009 @ 02:43 PM
reply to post by WoodEye

one came from BP
New Gulf find
but may take 10 years to develop...

By far the most exciting news went almost unnoticed by all

Massive Oil Deposit Could Increase US reserves by 10x
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

That story here

Now if that isn't enough there was this recent find

Scientists Discover (Biggest Ever) Oil field off U.S. coast....Scientists from Cornell University have discovered a massive amount of Oil off the coast of Louisiana.The find is some 60 billion barrels or 3 Times more than current US recoverable Oil of 20 Billion barrels, and would bring US total reserves to 80 billion barrels which is on par with Venezuela. In comparison to other finds around the world, this is twice the size of all Oil ever found in the North Sea and 6 times larger than the estimates of the Alaskan ANWR oil deposits

Read about that one here

There are others on a smaller scale Calf just reported the biggest new on shore find in the last 35 years... Closer to home it looks like their finally going to allow drilling up on Archuleta Mesa another huge but so far untouched field.... Its out there but no one want to go get it with so much cheap OPEC oil

posted on Oct, 30 2009 @ 11:27 PM
reply to post by poedxsoldiervet

I'm not even going to read your post after you said "Israel has nothing to do with America."

You clearly have no sense of all...

Israel CONTROLS America's military, and England controls America's finances just like how the Vatican pulls the strings of Christianity.

Let's stop right there because you are not going to get it..

posted on Oct, 30 2009 @ 11:28 PM
reply to post by dooper

The New World Order will happen just wait and see.

You are still stuck in the us vs them mentality, and are blinded by the truth.

You'll see...

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