What's More Important? Playing Golf, or Drilling for Oil?
Nobody Get Email on Saturday Night: Obama said just the other day: While the United States produces ONLY 2% of the oil production in the world, our nation consumes the most. He said it as if he was taking to a greedy, fat, child that he hates.
I got this email some time ago, but due to the light of recent events, the Middle East in riots, and the nuclear reactors melting from the earthquake in Japan, maybe Obama should make a call to the U.S. Department of the Interior, after he gets off the golf course. (I know, fat chance of that happening.) I have no idea if it's bogus, but, I tried checking it out and it appears to be true.
(Thanks to Mona)
U.S. Department of the Interior, U.S. Geological Survey
Office of Communication
119 National Center
About 6 months ago, the writer was watching a news program on oil and one of the Forbes Brothers 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...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 it 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, than this next on should...it's from 2006.
U.S. Oil Discovery-Largest Reserve in the World: Stansberry Report Online-4/20/2006
Hidden beneath the surface of the Rocky Mountains lies the untapped oil reserve in all the world. It is more than 2 trillion barrels. On August 8, 2005, President Bush mandated it's extraction. In all these years of high oil prices, none of it has been extracted. With this mother-load of oil, why are we still fighting about off-shore drilling?
They reported this stunning news: We have more oil insides our borders, than all other proven reserves on earth. Here are the official estimates.
8 Times as much 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 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.
Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices...by doing nothing, you forfeit your right to complain.