I wonder if theres going to be as much pressure if the administration changes in 2024.
If this is all true, it's implications should be obvious to every politician in the U.S.
About 6 months ago, there was 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, under our feet?”
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 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 (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 analyzer.
"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.' 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 many recent years of high oil prices none has been extracted. With this mother lode 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?
This can be verified. Check it out at the link below.
USGS National and Global Oil and Gas Assessment Project - Williston Basin, Bakken and Three Forks Formations Continuous Assessment Unit Boundaries and Assessment Input Data Forms | U.S. Geological Survey
By Communications and Publishing December 15, 2021
The USGS has completed an oil and gas estimate for the Bakken and Three Forks Formations in the Williston Basin of Montana and North Dakota.
The new assessments of the Williston Bason can be accessed here and associated data releases can be found here. To find out more about USGS energy assessments and other energy research, please visit the USGS Energy Resources Program website and follow us on Twitter.
Sources/Usage: Public Domain.
Map of the assessment units for the Bakken Formation of the Williston Basin of Montana and North Dakota.
USGS National and Global Oil and Gas Assessment Project - Williston Basin, Bakken and Three Forks Formations Continuous Assessment Unit Boundaries and Assessment Input Data Forms | U.S. Geological Survey
Sources/Usage: Public Domain.
A map of the 2021 assessment units for the Three Forks Formation of the Williston Basin of Montana and North
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heck no.
