Old news is good news... except for the Luddites (environmentalists), page 1

So much for the other post that says we'll run out of oil before an alternative is found! With this info, why is there even a topic like this?

OIL - you better sit down... 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.

bakkenshale.net...

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. That's enough crude to fully fuel the American economy for 2041 years straight. "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! And if THAT didn't throw you on the floor, then this next one should - because it's from 2006, and the research used more up to date methods of estimating underground reserves than the pevious post.

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. 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?

Just as in the mid 80's and during the 70's. all we have to do is threaten to start drilling, and the Middle East will lower their prices almost immediately. But there's so much available, we could be EXPORTING oil ourselves. Of course, as soon as the (democrat) governor of Colorado found this out, he put it off limits.

For those who are dead set against the oil (energy) companies, by all means, next time you or a loved one go to the hospital and require surgery, tell them you don't want anything used that is made from oil. Please!

reply to post by zappafan1

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Old news is good news... except for the Luddites (environmentalists),





Luddites opposed machinery and technology that would take away from their opportunity make a living through labor...


Other than that, I'd say start drillin' fools!..!

reply to post by zappafan1

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Hey Zappafan! Good for you! Excellent post! I have been waiting for someone to address this matter here for some time. Especially with my rants and raves about the "Oil" situation as of late. What you have uncovered is true.
Yet, I propose to you that there are other sources of energy that have been restrained as well. This constraint,
and control for profit by the few,especially if it creates casualties for the many, is the subject of "Conspiracy"
that ATS members should really be addressing. Good one.....S&F

reply to post by jaxnmarko

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Most states have mineral and non-mineral rights to that which is within their state boundaries. Many people within a given state might or might not have similar rights, depending on state and local laws, codes or ordinances. So your reply was without merit. Energy companies, like any companies, will usually sell to the highest bidder, but that is their option. Consider, though, that the energy companies get their permits/rights to drill from the local, state or federal governments, so I would think that would play a part in any decision of where all, or a portion, of the oil goes.

reply to post by zappafan1

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I found this silly chain email in my workplace, attached to a USGS survey that it claimed to source (for some reason, the source is now the Energy Information Administration.) The chain Email you posted here claims trillions; the USGS claimed somewhere around a billion. Still not a small number, but substantially smaller than multiple trillions.

That's "if" the stuff is recoverable. Pretty big if. And that's even if the survey is accurate - it's probably not. Numbers are always inflated by oil surveyors. it's a form of speculation. You never know how much is there until you tap into it, and even then you can only make a rough guess.

Further, as other posters have pointed out, this oil, if it exists and if it can be tapped, will go into private companies, who will then sell it on the global market, at rates they choose. It will do jack-all for the US; especially without the refineries to process it, which each take several years to build.

Is it there? I dunno. Might be. No way to tell, really. hell, YOU might be sitting on trillions of barrels of oil. You'll never know. Unless you want to sell your property to an oil company who will take a sample, find nothing, and then just keep your property anyway (didn't you know? They're the prime collectors of real estate in the US, and sell the land at a high premium)

By the by, being aware of the costs of oil and the need for alternatives doesn't make one a luddite. Might I suggest learning the definitions of the words you use?

Originally posted by TheWalkingFox
reply to post by zappafan1

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I found this silly chain email in my workplace, attached to a USGS survey that it claimed to source (for some reason, the source is now the Energy Information Administration.) The chain Email you posted here claims trillions; the USGS claimed somewhere around a billion. Still not a small number, but substantially smaller than multiple trillions.

That's "if" the stuff is recoverable. Pretty big if. And that's even if the survey is accurate - it's probably not. Numbers are always inflated by oil surveyors. it's a form of speculation. You never know how much is there until you tap into it, and even then you can only make a rough guess.

Further, as other posters have pointed out, this oil, if it exists and if it can be tapped, will go into private companies, who will then sell it on the global market, at rates they choose. It will do jack-all for the US; especially without the refineries to process it, which each take several years to build.

Is it there? I dunno. Might be. No way to tell, really. hell, YOU might be sitting on trillions of barrels of oil. You'll never know. Unless you want to sell your property to an oil company who will take a sample, find nothing, and then just keep your property anyway (didn't you know? They're the prime collectors of real estate in the US, and sell the land at a high premium)

By the by, being aware of the costs of oil and the need for alternatives doesn't make one a luddite. Might I suggest learning the definitions of the words you use?

edit on 11/3/2011 by TheWalkingFox because: (no reason given)

REPLY: Well, you are entitled to your opinion. The landowners, depending on the laws of their state and/or communities, can lease the rights to whatever resource they have on or under their property, and make a profit, while at the same time providing something all of us use in one form or another.

It was brought to my attention through an email, but was vetted through other sources.Technologies in both exploration and recovery have improved more than you might be aware of. By the way, it's not the energy companies who buy or own more land than anyone; it's "our" government. America is the only industrialized nation not utilizing our own resources. It's time for the governors of various states to use eminent domain laws to tell the Fed. government to pound salt. The Fed. government does not own America and, in fact, there is no Constitutional right for the Fed. government to "own" land; as in many states there is no (state) constitutional authority to put off limits the means to production, but we let them get away with it. The land is the ultimate means of production.

Originally posted by facelift
reply to post by zappafan1

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Old news is good news... except for the Luddites (environmentalists),



Luddites opposed machinery and technology that would take away from their opportunity make a living through labor...

Other than that, I'd say start drillin' fools!..!

I agree with you on the definition of Luddites, but there are those who would like us to live as we did back in the early 1800's and, for lack of a better term, I use Luddites. For what it's worth, the original Luddites were somewhat limited in their thinking. If we harvested corn the same way it was back then... about 100 man-hours per acre, the price of many products would cost an arm and a leg, if they were available at all. What they didn't realize is that there was no loss of the ability to earn a living through labor, as newer technologies free up labor to do other things.

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