The USA has plenty of oil....we've been saving it.

As you may know, Cruz Construction started a division in North Dakota just 6 months ago.

They sent every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers.
They just bought two new Kenworth's to add to that fleet; one being a Tri Drive tractor and a new 65 ton lowboy to go with it. They also bought two new cranes (one crawler & one rubber tired) for that division.

Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years.

Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available. Unemployment in ND is the lowest in the nation at 3.4 percent last I checked. See anything in the national news about how the oil industry is fueling North Dakota's economy?

Here's an astonishing 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."

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, andhas 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( 5 billion barrels), 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," reportsThe 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?

By the way, this can be verified. Check it out at the link below!

www.usgs.gov...

www.usgs.gov...

It has always been my belief that the "plan" to deal with the debt was to simply wait till the worlds oil supply was in trouble and all of a sudden the US is the worlds oil supplier.

I don't think that very many people know of this. The US certainly needs to get out of the middle east and get to producing our own energy here. If I recall there is a great deal of public land in that region. Who owns more of the mineral rights to that area? What players are involved in the extraction of this reserve?

I find this thread very informative
thank you for taking the time to do this research.

Originally posted by FreedomXisntXFree
(...)
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? (...)

Pastor Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis. After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.

Lindsey Williams and the energy non-crisis


This guy, sometimes presented as a crackpot (well, he also "predicted" the €uro collapse within two months in... 2011), states this stance for years.

not true

I spoke to someone in the storage business, for every million gallon tank we put in, we abandon 5 more. we live pipeline to gas tank, with compartitively little storage

china has been putting in an an avergae of like 5 a year for 20 years

they are saving it

and it's ready to go crude, not an echo bing on a geologists chart

reply to post by FreedomXisntXFree


I've said this many times on ATS in the past and is not news so I'm afraid you're way behind reporting the fact.

The USA has more oil reserves than all Middle Eastern nations combined, in fact the USA is sitting on the world's largest oil reserves.

Like you said, it's because we're saving it. My dad, who is an economist, often points out that the more oil we import from the Middle East now, the less dependent we are on foreign oil later. If we use our own oil now, then we will be more dependent on foreign oil later. I often wonder if that's the real reason why the EPA won't let us drill anywhere, if it's just part of a plot to use up all the foreign oil first, then open up drilling here when our oil is all that remains. If that's what they're doing, it's pure genius IMO.

They are not extracting it yet because the most the government gets from onshore oil on private land is 13%. Offshore drilling nets them 30%.

So one can see why the government hasn't touched our extra land reserves yet....they get so much more $$$ from offshore oil. They figure that oil isn't going anywhere, so why not make extra bucks with offshore drilling in the short term.

This is a bit scary, though.....what other countries would like to steal OUR massive oil reserves? Does this make us a target for invasion?

Interesting thread, thanks for sharing.

Originally posted by FissionSurplus
They are not extracting it yet because the most the government gets from onshore oil on private land is 13%. Offshore drilling nets them 30%.

So one can see why the government hasn't touched our extra land reserves yet....they get so much more $$$ from offshore oil. They figure that oil isn't going anywhere, so why not make extra bucks with offshore drilling in the short term.

This is a bit scary, though.....what other countries would like to steal OUR massive oil reserves? Does this make us a target for invasion?

Interesting thread, thanks for sharing.

North Dakota gets a 11.5% severance tax on each barrel
They collect state income tax
The Feds collect their pound of flesh as well
We are not a socialist country either, our government is not in the oil well business.

the price of oil and what you pay at the pump are completely independent of each other.

the only effect the price per barrel has is how much more profit goes into the coffers.

the profit margin will always be the same.

We are not a socialist country either, our government is not in the oil well business.

reply to post by Res Ipsa


Um, I don't recall saying either of those things in my post....Simply stating basic taxes on what is pumped and how much, depending on whether on shore or off shore. Naturally there is a few percentage points difference, depending on the state.

Chill out, dude. What is it with ATS these days that everybody is so fricking snippy??

You are not the only person who deals with oil, works for an oil company, or collects oil royalties. Some of us know some things as well. Please don't come on here acting like you are the sole "expert" on these things. It is rude and tiresome.

reply to post by FreedomXisntXFree


The plan has been to reserve the oil for the elite, military and TPTB. They never intended for that to be distributed but instead to wait until they would start the decline of available oil due to "shortage" (at least that is what they will tell the world).

Then when they take over with martial law, they have all the oil necessary for themselves while society scrambles to survive. It's all a part of their agenda for take over. Can't give the slaves too much power for translocation and or movement.

Part of the economic collapse is to make this into a cashless society in this way they will issue in the NWO. There are stages for these changes to take place. Then the chip will be enforced if anyone desires to live within the new world. So all these things including oil are happening in succession for complete control. The strategy is simple to ascertain once you add the dots.

I also believe it's part of the redistribution or share the wealth plan. If we became completely oil independent, we would become more independent in every area...no more Chinese imports etc. Then we have a rich USA and the other countries that we dependent on our purchases would suffer. Yup, I do believe its part of a master plan.

reply to post by FreedomXisntXFree

While I have no doubt that the US have massive amounts of untapped oil reserves, some of these figures seem speculative at best.

The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, andhas 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( 5 billion barrels), at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

"503 billion barrels"??.... I did read 3 to 4.3 billion though,

The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels. Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil estimates.

USGS Newsroom ....I weren't able to access the other link you provided, maybe I missed something??

That's enough crude to fully fuel the American economy for 2041 years straight.

The US consumes around 20 million bbl/day - the math(s) doesn't stack up.

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

World oil reserve estimates are continually being revised with upward trends - here's some food for thought from Saudi Arabia's Petroleum Mineral Resources Minister, Ali Naimi.

"It is estimated that the world has consumed something like one trillion barrels of oil since the industry started in the nineteenth century,'' he said. "It is thought there are at least five trillion barrels of petroleum potentially recoverable. "But it is not just that oil continues to be discovered. It is that technology, partly driven by prices, enables ever greater reserves to be booked, and eventually recovered. "The world has plenty of reserves, and they will continue to fuel prosperity and growth around the world for many decades.''

perthnow.com

Seems the US will be hanging on to their oil reserves for some time yet.

For more than a decade the USA has been taking oil from IRAQ and shipping it to the USA to be stored. That is a lot of oil! Now the US needs an excuse for where it gets its oil from.

How to find the truth in the shifting sands of lies.

The reason the US has oil to spare is IRAQ.

First you bomb a country, kill lots of people, rape the countries resources and then launder the loot. This is how to launder oil!

P

You guys are in the oil business??
Ever need a good worker
let me know. I think knowing
how much oil is in America can make
EVERYONE sleep a little better, unless
you of course don't like good news.

check the dates on the threads
they said the same thing here
www.abovetopsecret.com...
www.abovetopsecret.com...
www.abovetopsecret.com...

and here we have yours.

Tell me something, as the US starts closing fracking operations state by state,

Do you believe everything you hear about the baaken?

Jobs falling off trees right, no unemployment,right.

Why do 500 new men every day show up to Williston stay for 2 weeks have someone send the money to the Walmart and go home?

What do you figure there is for work maybe 25 new jobs a day open up, probably 40 guys in the round robin lookin for greener grass......all experienced

of course, how do I know, right?

reply to post by FissionSurplus


But: Halliburton is rumored to be selling off it's assets in the Gulf. Hearing this from employees. WHEN they do, this is going to cause a major shift in how we deal with offshore drilling. (And we lose more jobs. This is, of course, in response to the infractions put in place off and on by Obama, out in the Gulf.)

Government might get more from Offshore, but if Offshore is not working because of Obama shooting it in the foot through a bungling policy, then they will have to settle for land profit.

Originally posted by FissionSurplus

We are not a socialist country either, our government is not in the oil well business.

reply to post by Res Ipsa

 

Um, I don't recall saying either of those things in my post....Simply stating basic taxes on what is pumped and how much, depending on whether on shore or off shore. Naturally there is a few percentage points difference, depending on the state.

Chill out, dude. What is it with ATS these days that everybody is so fricking snippy??

"Perhaps" should be credited for addressing the 500 billion barrel claim.

You are not the only person who deals with oil, works for an oil company, or collects oil royalties. Some of us know some things as well. Please don't come on here acting like you are the sole "expert" on these things. It is rude and tiresome.

There is nothing wrong with having an opinion....as long as people say they are sharing an opinion and not all these bogus stats as being gospel.
Where are these people that know what they are talking about you claim there are? Not on this thread.
Why bother reading a thread if it is going to be full of ignorance? That gets tiresome....and if this is the trend on other threads, than no wonder people get snippy. I have spent 20hrs a week for the last two years on this Bakken crap...so where are these other people you are talking about...you mean the guy who works for someone that knows someone that heard something about his buddy's buddy?

Like I said...everybody chime in with opinion and share to your heart's content...but don't preach it like it resembles the truth. Some people reading this thread might be here to learn something, but end up just with as much accurate information as if this was an ET ate my dog thread.
Didn't someone here say there was 500 billion barrels of oil in the Bakken? Didn't someone also say that it is hard to find a job in Williston? Rent is $2,000 a month, but the jobs are there.

I'll be the first to let you know when I see a post from someone that knows anything about what is going on in the Bakken. Is that enough hubris for you? Phage knows the heavens, I know the Bakken.