ceemac

Shake It Baby...
Well Oil Beef Hooked
Say the title in an Irish accent to get the meaning!!

Seriously though, I received the following article via email and was a little sceptical - if it's true though it kind of blows my (and millions of others) theory out of the water as to why the US is in Iraq.

Has anyone ever heard of these stats?

'About 6 months ago there was a (US) news program on oil and one of the Forbes Bros. was the guest. This is out of context, but this is the actual question as asked. 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 ('08) that only scientists and oil men knew was coming, but man was it big. It 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 ..... 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.' And 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 TWO YEARS AGO!
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 .
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?'

Fascinating eh? A link is provided to the US Geological Survey website that appears to confirm this, but I wonder about their use of the term 'Technically Recoverable Oil'. That just may mean the cost of getting the oil would be astronomical?



C
 

Mushtaq

Founding Member
Well Oil Beef Hooked
My theory is that the US wants to use up or control the oil that is not within it's borders (Middle East, South America etc.) before it really targets the stuff in it's own backyard (it's safe there from fanatics who might want to put a spanner in the works of the Empire's expansion)

I think the future could see US and it's buddies controlling most of the world's energy and we will then see EnergyAid instead of FoodAid over the next say 25-50 years.

One of the main reasons I believe US and western governments don't want the developing countries to have nuclear technology, as it will make them less dependent.

Another resource that is going to cause similar problems is Water in the near future.

Exciting times ahead.
 

mike dj

Member
Well Oil Beef Hooked
When all the available oil in the Arab countries has been used then America will use thier own reserves . Just look at Dubai I thougth that the money for all the building was oil money , what a shock for them . it wasnt ,all borrowed .Mike.
 

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