The US has "more oil than all the Middle East put together"

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—

The government is, increasingly, the enemy. Imagine the jobs, the wealth, the independence, and cutting the jihad snake off at the head. There is no downside. We could easily extract that oil with minimum impact to the trees.

Why do you think they are brainwashing the children with all the "green" vomit? Going green, cleaning green, talking green, dressing green, shtupping green. Ayn Rand said back in 1970, "Ecologists predict universal doom and demand totalitarian power on the basis of arbitrary hypothesis, which sets back the possibility of such a science centuries. The ecology disgraces science. It is a political and publicity movement...........They have no right to impose their 'wisdom' by force on the rest of mankind. Those who agreed with them would be saved, those who didn't would perish. But this is an absolute: no discovery, no concept, no fact can give any individual or group the power to enforce their conclusion on others".

The green movement wants to "eliminate industry and labor-saving devices, and if the standard of living declines, that's too bad - we must preserve nature. Anyone who is against industry is against man, against life, against reason."

I don't vouch for these numbers. I don't know exactly how much we have  - I do know we need to drill baby drill.

I got this from Cathi via the Mission Viejo chapter of ACT! for America.

About 6 months ago I was watching a news program on oil and one of the Forbes Bros. was the guest. This is out of context, but this is the actual question as asked. 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 ('08) that only scientists and oil men 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.

'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 is more commonly referred to as the 'Bakken.' And 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. 2. And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO!

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 three and a half years of high oil prices none has been extracted. With this motherload 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?

For decades, Democrats have blocked efforts to responsibly develop this nation's energy resources, transforming vast areas of opportunity into "The No Zone." (hat tip Jim)

Democrats have blocked the development of new sources of petroleum.
Democrats have blocked drilling in ANWR.
Democrats have blocked drilling off the coast of Florida.
Democrats have blocked drilling off of the east coast.
Democrats have blocked drilling off of the west coast.
Democrats have blocked drilling off the Alaskan coast.
Democrats have blocked building oil refineries.
Democrats have blocked clean nuclear energy production.
Democrats have blocked clean coal production.

But they're funding projects in Brazil. The Wall Street Journal:

The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

Chevron U.S.A. Inc. announced that the Discoverer Clear Leader -- an ultra-deepwater drillship -- has begun work in the deepwater U.S. Gulf of Mexico, allowing Chevron to expand its search for new domestic sources of energy.
Chevron is forced to develop new technology to drill in the Gulf's deepwater since most of the US is off limits to oil companies -- thanks to Democrats.
(There's video at the link.)

Barack Obama's pal George Soros, "The Black Hand," is heavily vested in PBR, Brazilian Petroleum, which Obama loaned money to through the US Import/Export bank -drill offshore oil and development. Which they wouldn't do here in Alaska or Utah.

George Soros top five holdings here .

1.Petroleo Brasileiro S.A.Petrobras (PBR) - 9,818,323 shares, 15.42% of the total portfolio
2.Hess Corp. (HES) - 5,123,198 shares, 10.56% of the total portfolio
3.Petroleo Brasileiro S.A.Petrobras (PBR-A) - 5,884,700 shares, 7.53% of the total portfolio
4.Potash Corp. of Saskatchewan Inc. (POT) - 1,978,053 shares, 7.06% of the total portfolio
5.Plains Exploration & Production Company (PXP) - 6,526,400 shares, 6.84% of the total portfolio

Note that there are two Petrobas stock numbers (PBR and PBR-A, numbers 1
& 3 listed above).
The  absolute corruption of the absolute power of the Soros-Obama connections.

Comments

[CTYankee]

How much does George Soros have invested in Venezuela's Hugo Chavez? Maybe Joe Kennedy owns that contract!

[jj]

pamela, friends --

ayn rand hit the nail right on the head.

ecology and green politics are nothing more than the radical left trying to control western industrial policy, and to de-develop it to downsize it in proportion to the 3rd world's industrial ineptitude.

plain truth.

john jay
milton freewater, oregon usa

p.s. simply put, the greens are "flat worlders," who espouse ideas that make no more sense than sailing off the edge of the world. it is politics. period.

[Xavier]

Not drilling right now could be go a thing. If the world is really running
out of oil and we sit on our reserves then we could find ourselves in a great position in 40 to 50 years down the road.

[ParahSalin]

Would that it were so, but see what snopes has to say:

http://www.snopes.com/politics/gasoline/bakken.asp

[marc in calgary]

On the map of north america, the west coast of Canada is yellow, it should be red as well. A "moratorium" was placed on off shore drilling there by the federal government of Canada in 1972. That government was led by P.E.Trudeau who had the pleasure of Fidel Castro as an honorary pallbearer at his funeral a couple of years past.
You can figure that one out.

As for lifting the moratorium, it's going to have to wait for an absolute majority of conservatives in our House of Parliament, in our Senate, and in the provincial legislature of British Columbia. There is no other way... although this is looking probable in the next couple of years. I can't see Obama changing the ability to drill status of much of the USA coastal region, he's not on our (freedom's) side.
I believe in the USA it is a federal decision? same as here in Canada. It's just that it's good to have the provinces on board for this.
http://www.ctvbc.ctv.ca/servlet/an/local/CTVNews/20090504/BC_election_offshore_oil_090504/20090504/?hub=BritishColumbiaHome

note, I had no idea of Soro's 7% holdings in Potash Corp of Saskatchewan. They are the world's largest producer of potash, about 22% of the the world's supply, third largest in phosphates, and fourth largest in nitrogen, This spring (May 20.2009) while fertilizer prices soared, PCS's market cap went to +$50 billion US. who knew? I guess food is important.
That would be why PCS has sought to scale back production and keep prices high. Not enough food? not Soro's problem.
uff.

[RalphB]

Okay, according to the Snopes article the "500 billion barrels" estimate for the Bakken formation is wildly over-optimistic. But that article relies on and says little more than the USGS report quoted in Atlas's sub-headline: "3 to 4.3 Billion Barrels of Technically Recoverable Oil." More interesting is the estimate of recoverable oil reported by Snopes for the Rocky Mountain formation: not 2 trillion but nevertheless 800 billion barrels, a huge quantity which by my quick calculation would represent 100 years worth of the current U.S. total consumption rate of both domestic and foreign oil.

They also mentioned economic and technical obstacles (we are, or at least have been good at overcoming such obstacles) and of course "environmental" obstacles, which reduce without remainder to political obstacles, which reduce without remainder to using force in order to degrade man into a condition of pre-industrial serfdom.

Of course there is a flaw in the enviro-medievalists' dream, as in all collectivist dreams, and you can read all about it in the pages of Atlas Shrugged.

[Bob Devine]

I worked in or around the oilfield for 30 years and I know we could be self sufficient in energy if the government would allow it to happen. It would absolutely amaze you if you were able to go and observe the stupid environmental hindrances the oil and coal companies have to deal with. I would not be surprised if the over regulation of the coal industry is worse than on the oil industry.

If the general population is ever properly informed by the MSM (I`m not holding my breath) I am sure they will turf the leftist ecofreak vocal minority that are the cause of the USA not being self sufficient in energy.

Get together folks and take care of what needs taken care of. That is the only way it will change.

[Richard]

We need Todd Palin to stop changing diapers and get out there and drill for this oil himself! Seriously though, this is right in there with Lindsey William's story. It's hard to know what to believe, it would sure help if we could get some accurate information from the media.

[HighlanderJuan]

Watch out for Snopes - they're in the bag for Obama and the far left. Get a second opinion before you believe what they say.

[Richard]

Was thinking the same about Snopes.

[ent]

Oh come on, everyone knows that Snopes knows more about the geology of oil formations that the U.S. Geological Service.

[George Bruce]

I wouldn't pay too much attention to Snopes anymore. They have either veered to the left or revealed their leftist inclination. It is true that the Bakken oil, while very large, is no where near enough to supply US needs by itself. It is also true, although unstated by Snopes, that improving drilling technology makes any existing estimate of the Bakken oil probably on the low side. The Canadian oil sands probably represent a larger resource than the Bakken. I don't mind getting a lot of our oil from Canada at all. In fact, if we have to buy it from anyone, I'd rather it be the Canadians.

The biggest resource of all is the shale oil deposits under Colorado, Wyoming and Utah. The 800 billion estimate of recoverable oil from that source is on the LOW side. Other estimates have been as high as two trillion. There is no mystery why these deposits have not been developed until now. We didn't know how to do it until recently. We tried digging up the rock and cooking it during the Carter years under the old Synfuel Corporation, but that failed. Shell demonstrated a new technology to get the oil out of the shale on an economic basis just a couple of years ago.

Keep this in perspective. Even if we started full scale development of the oil shale deposits, it would be two years before the first drops were produced. It would be ten years before any significant production would occur. To me, that means we should begin immediately. Obama and the commies absolutely won't. Just forget about even starting before 2013, and even then only if the country regains its sanity and votes these "No Bell" clowns outta office.

In the meantime we have to deal with existing problems with whatever is on hand. Now more than ever, efficiency and conservation are patriotic. Waste is treason.

[www.facebook.com/profile.php?id=39602487]

Having a tough time verifying that Rand quote - could you point me to a trusted source?

[Pamela Geller]

Ayn Rand Answers
The Best of her Q & A - Edited by Robert Mayhew
Page 38