While we are waiting to find out whether or not the 410 Billion Dollar omnibus spending bill gets passed today in the Senate, I think we should take about something as important energy. Specifically I think we should talk about oil and how we can end our dependence on foreign oil, and the activist group responsible for blocking the ability to do so.
In April 2008 the USGS (United States Geological Survey) issued a revised report based on how much oil is in the North Dakota, South Dakota, and Montana. The original report which was completed in 1995 didn’t even come close to the numbers contained in the 08 report and the numbers are amazing.
The Williston Basin or as it is more commonly known as “The Bakken” is the largest domestic oil discovery since Alaska’s “Prudhoe Bay”. The information contained in the report states that “The Bakken” has the potential to eliminate all dependence on foreign oil for the US. The EIA (Energy Information Administration) estimates the yield at 503 Billion Barrels of oil. The beautiful part of this is that the oil is light sweet crude, which would only cost Americans 16 Dollars per barrel, and could fuel the American economy for the next 41 years.
As if this isn’t enough good news the Stanberry Report Online reported the find of the largest oil reserve in the world and it is hidden 1,000 feet beneath the surface of the Rocky Mountains. It has been said that the size of this field is as much as 2 Trillion barrels of oil. In 2005 President George W, Bush mandated the extraction of oil from this field, but to date none of these resources have been recovered. With all of this oil within our land based borders why are we arguing over off shore drilling.
The reason the fight to become independent of foreign oil, off shore drilling, and land based drilling is still going on is because of a small group of environmentalists and a few others who have decided it is in our own best interest to pay exorbitant oil and gas prices rather than energize and power our own economy.
James Bartis, the lead researcher with the study says we have more oil within this compact area than the whole of the Middle East with a total of more than 2 Trillion barrels making the US the holder of more oil than all of the proven oil reserves of crude oil in the world today. If tapped this could force OPEC to drop its prices dramatically. There is a rumor that OPEC funds the environmentalist movement in this country anyway to stop the extraction of these reserves.
Here are the official estimates comparing these finds to the oil producing nations of OPEC.
8 times more oil than in Saudi Arabia
18 times more oil than in Iraq
21 times more oil than in Kuwait
22 times more oil than in Iran
500 times more oil than in Yemen
Remember folks all of this oil is right here in the continental United States, shocking isn’t it.
If you wish to check out this information yourself please feel free to do so. You can either Google it or follow the link at the bottom of this post. I hope you all have a fantastic day and I will be back again soon, CIAO4NOW!!!!!
http://www.usgs.gov/newsroom/article.asp?ID=1911
Don't expect Obama to do anything about this. He seems to like having us depend on those Middle Eastern countries.
ReplyDeleteAlso, he wouldn't want to actually end a crisis in the U.S. Opening up those oil fields would provide more jobs and help give the economy a boost. I'm sure Obama wouldn't want to do something like that...so we'll have to wait for a Republican to take advantage of all this oil.
I think Joy is right but Obama might do it if the unions got cardcheck and ran the oil exploration. But then again all of his Muslim brothers would be out of some serious dough and couldn't afford to have a jihad against the US.
ReplyDeleteThis is not the only oil reserve we have that can benefit the economy. California has enough oil inside their own state waters off the coast to pay off all of their debt overnight which would not only benefit their economy but neighboring states as well.
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