It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by anubis9311
Well thanks for pointing this out. I knew of the reports that the oil was here for the taking in Canada, however I only heard rummors it was in quebec. As for why we haven't started to dig for it. It's simple. Your enemies have access to the oil in iraq and iran and kuwait. Why would you not want to limit thier supply? If China Iran Russia or NK pay to buy the oil from the middle east and lets say all the middle east has 500 million barrels in the ground. well that 500 million barrels will be devided by 4 and each of them, giving them 125 million barrels each. Which will give them way more then enough to be happy for 100 years (or be at war for 50 years). Now if you and all your friends come along and have the money to buy 50% of that. This would limit your enemies to 62 million barrels, Therefore giving them enough oil to be happy for 50 years or 25 years of war. Well you would then have the same ammount of oil and 50 happy years of living or 25 years at war. So your on equal footing now. However after the 25 years of war everyone grinds to a halt as there is no more oil. You can then start drilling your lands for oil and presto. Your back in business with oil to power your machines (unlike your enemies who now get to stand there and get crushed). So the oil we gain from Iraq and Kuwait and Afganistan and anywhere else we get it from Just means that its 1 less barrel going into the North korean pocket or into the tanks of the Kremlin or Peoples republic.
The point I am trying to make here is yes it sucks to have to buy that oil from the middle east at the high prices. However in the future when its all gone and only you have oil don't you think that it will pay off ? When you can then set the barrel price to 1000$ and have your enemies begging your for just a drop of it? It will A. put them out of the war business, and B. Make you the richest country in the world once again.
Long live the hidden oil under the North American soil! Now if they can only make it so Canada becomes the 53rd (?) state (what number are we at in states now?)
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
'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
"This thing is absolutely huge!" That's what I was told after asking about the Bakken formation. And trust me, the oil boom in North Dakota is far from over. On April 10, 2008, the United States Geological Survey (USGS) released their field report about the Bakken. The formation stretches across North Dakota, Montana and Saskatchewan. The report estimates that 3.65 billion barrels of oil can be recovered from the Bakken formation.
Originally posted by dthwraith
HOW can we NOT BE extracting this?
Originally posted by drsmooth23
If we do have oil, it makes since not to tap it yet. Just think about it. WHY would we want to sell our oil while the price is still relatively low? I could see it being part of a strategic plan to keep our reserves high. Plus, once we are past peak oil, the united states could stand to make WAY more money if we are the only ones with oil fields left because we have used up everyone else's sources.