Skip to comments.3 to 4.3 Billion Barrels of Oil in North Dakota and Montana’s Bakken Formation
Posted on 08/09/2011 7:56:30 AM PDT by Bigun
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.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil.
(Excerpt) Read more at usgs.gov ...
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 .
Old news. This oil is hard to get to, but it is there and it is a really good grade of crude.
I realize that this is somewhat dated information but many still do not know the facts so here it is again.
I looked at the Bakken as huge until this came through...
Early last month, the U.S. Energy Information Administration (EIA) estimated in its report, Review of Emerging Resources: U.S. Shale Gas and Shale Oil Plays, that the Monterey/Santos play in southern California holds 15.4 billion barrels of shale resources; the Bakken and Eagle Ford are the next largest shale oil plays at approximately 3.6 billion barrels and 3.4 billion barrels of oil respectively. The Monterey shale is the primary source rock for the conventional oil reservoirs found in the Santa Maria and San Joaquin basins in southern California.
On the upside, if we survive it long enough, one day the Muzzies will run out of oil, we'll have the last of the world's reserves, and we'll have that $hit-scum by the balls for a change.
On the downside, we'll elect another president like Zero who will give it all away for nothing and find a way to punish us all for our good fortune to boot.
If the oil is “undiscovered”; how on earth do they know how much is there????? They're using computer-modeling based on statistical equations—the same technique used by pseudo-science types to promote their agendas! (eg: gorebull warming).
Keep an open mind, but take these forecasts with a big grain of salt.
So why are we still importing oil from countries that don't really like us and thus helping to finance our enemies!
Do you have any other questions?
(1) Not all crude is the same. Some has much more sulfur.
(2)All commodities are traded on the stock market, and oil is just one of them.
(3) Deals where we buy so much oil from country 'x' to help support their economy.
We use 20 million barrels a day. So all the oil would last
us less than a year. More hype.
The hydrocarbon trapped in the shale for the 6~8 time SA numbers are kerogen that can only be released by retorting the shale. Typically, this requires heating up the shale and until the kerogen is released. Then the kerogen can be processed into a synthetic crude that can be refined. But those process are expensive and take significant energy input.
Yeah! I know. But there is no law - at least that I am aware of - that requires anyone to buy oil on the open market. All are free to contract with suppliers directly if they wish.
For whatever reason, we have been lied about since the 1950’s about our real supply of oil.
One has to wonder how many geologists, politicians and other bsers have been paid by the Opecker Princes to lie about our oil supply and the potential.
Of course the Green Economic Terrorists have been banning any production and discovery of new fields for decades. There is no doubt that they are hand puppets of the Opecker Princes.
Check your math, look at post 9.
Sorry, post 8
So why are we still importing oil from countries that don’t really like us and thus helping to finance our enemies!
Good question with lots of possible answers.
Info on US Petroleum production/use.
7,513,000 barrels/day — U.S. Petroleum Production (crude oil, NGPL, and other oils)
19,148,000 barrels/day — U.S. Petroleum Consumption
The amount is 3.0 to 4.3 billion barrels not millions.
A rather narrow view. Add to the Bakken finds in the gulf, Alaska, California, Colorado, etc, etc.... you might find the numbers stunning.
We are discovering new oil all the time. I saw the other day that Norway just confirmed another 250 million barrels in the Barents sea.