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All The Oil In The World
Bob Parks: Black & Right ^ | 1/26/09 | Bob Parks

Posted on 01/26/2009 4:19:14 AM PST by bocopar

I wonder if this will ever see the light of day, and if so, what Al Gore and the left would have to say about it?

The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen 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.

Imagine the hostile oil-producing nations we could give the finger to....

(Excerpt) Read more at black-and-right.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events; Politics/Elections
KEYWORDS: bakken; energy; oil; oilshale
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1 posted on 01/26/2009 4:19:14 AM PST by bocopar
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To: bocopar

ping


2 posted on 01/26/2009 4:21:48 AM PST by Monsieur Poirot
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To: bocopar

psychotic, socialist, liberal democrats do not like oil.
(kind of like dracula and garlic.)

IMHO


3 posted on 01/26/2009 4:22:29 AM PST by ripley
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To: bocopar
Bumping for later. Thanks!

prisoner6

4 posted on 01/26/2009 4:23:57 AM PST by prisoner6 (Right Wing Nuts hold the country together as the loose screws of the Left fall out.)
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To: bocopar
at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion

This line really makes me lose faith in the remainder of the information. Oil is nowhere near $107/bbl right now.

5 posted on 01/26/2009 4:28:46 AM PST by Teacher317 (wo xue zhong wen)
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To: thackney

ping


6 posted on 01/26/2009 4:30:37 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Teacher317

At $40 a barrel, the formation could pump out enough oil ($2,000,000,000,000) to make a down payment on the stimuli packages just passed and the new one proposed. But just a down payment.


7 posted on 01/26/2009 4:45:15 AM PST by 17th Miss Regt
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To: Teacher317
This line really makes me lose faith in the remainder of the information. Oil is nowhere near $107/bbl right now.

It was, when the piece the site cites was written, back in the summer of 2008.

But regardless of the price of oil, the discovery is significant.

8 posted on 01/26/2009 4:46:08 AM PST by mvpel (Michael Pelletier)
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To: bocopar
Posted links to this and the USGS release on another FR thread -Quinn and Rose Morning show. I'm also gonna repeatedly send it to members of congress.

I just gave it to my news anchor(WSHH-FM Pittsburgh)...I actually had given a similar release last year, but I wanted to rub his nose in it because he's big on global warming and environmental issues. Of course his response was that it's all in shale and would destroy the local environment.

Just pump the dang oil was my response to that.

prisoner6

9 posted on 01/26/2009 4:48:51 AM PST by prisoner6 (Right Wing Nuts hold the country together as the loose screws of the Left fall out.)
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To: Teacher317
"This line really makes me lose faith in the remainder of the information. Oil is nowhere near $107/bbl right now."

It's going to be for the reason that the democrats will see the low oil prices and claim we can afford one dollar more in gas taxes. It won't take long ...... wait and see!

10 posted on 01/26/2009 4:52:00 AM PST by Old Badger (After this sorry election, boy do opportunities abound!)
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To: bocopar
I really wish I could find the article from the Post Gazette that was quoted. Searches both on their website and through Google have turned up nothing. Any chance you might have the link?

prisoner6

11 posted on 01/26/2009 4:54:50 AM PST by prisoner6 (Right Wing Nuts hold the country together as the loose screws of the Left fall out.)
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To: bocopar
The left and their commie-in-chief Obammie will argue that domestic reserves are not enough to be independent. That is not why we need to drill here, drill now.

Having domestic capacity set up and running primarily takes away from OPEC their ability to cut back on supply in order to create crises in our nation and thus control such things as budget decisions, political decisions, and even elections.

The left knows this, and they know that OPEC typically sides with them, thus they do not want America to regain that independence.

Simply put, there is no sound reason for not drilling and processing our own reserves.

12 posted on 01/26/2009 4:57:11 AM PST by Ghost of Philip Marlowe (The people who cheered when OJ was acquitted are the same ones cheering now.)
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To: bocopar

It would be better for us to help the Saudis and OPEC fund the Islamization of the world than use the resources that God in his providence has given us here in our own land. So screw us.


13 posted on 01/26/2009 5:02:41 AM PST by TPOOH (I wish I could have been Jerry Reed.)
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To: bocopar; decimon

Oil in place, trapped in the shale isn’t the same as recoverable oil by drilling.

North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.

http://www.freerepublic.com/focus/f-news/2000937/posts

Lots of threads here discussing this back when USGS released their numbers last year. Click on the keyword “Bakken”.


14 posted on 01/26/2009 5:03:05 AM PST by thackney (life is fragile, handle with prayer)
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BTTT


15 posted on 01/26/2009 5:12:03 AM PST by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: thackney
I think it's similar to the situation here in PA. While natural gas is the main find there is still recoverable oil in the shale. We started to recover it but the environmentalwackos and others have nixed that They claim that the water used in the process is harmful to the aquifer and other aspects of the environment.

I can't find the exact article here are a couple of indirect links.

GoErie.com

and

Gotham Gazette

prisoner6

16 posted on 01/26/2009 5:15:54 AM PST by prisoner6 (Right Wing Nuts hold the country together as the loose screws of the Left fall out.)
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To: Ghost of Philip Marlowe

The facts of the matter are that the US has proven oil deposits exceeding all other known sources in the world combined and the ability to recover it are being perfected as we speak. However, the real “energy” news that will rock the world has to do with MIT’s students’ discovery of converting solar energy at a cost similar to the price of coal using solar concentrators. If we use coal to power 50% of our economy then this is huge news. This new solar is a lot cleaner than most alternative energy sources out there. And, they are two or three years away from widescale implementation. This changes everything!


17 posted on 01/26/2009 5:16:24 AM PST by guardamerica
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To: bocopar
a resource base worth more than $5.3 trillion

That should last the Democrats and the Republicans about five minutes.

18 posted on 01/26/2009 5:18:19 AM PST by EternalVigilance (God is watching and listening.)(The Personhood Imperative: www.BanAbortionNOW.com)
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To: guardamerica
Although I use some solar myself, I'm skeptical of solar for a couple of reasons. One is that even if it becomes cost effective we still have to store the energy.

That said do you have any inks to the MIT research? I'd be interested in reading it.

prisoner6

19 posted on 01/26/2009 5:19:21 AM PST by prisoner6 (Right Wing Nuts hold the country together as the loose screws of the Left fall out.)
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To: guardamerica

Sounds like grant bait to me


20 posted on 01/26/2009 5:20:44 AM PST by bert (K.E. N.P. +12 . The original point of America was not to be Europe)
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