(Forwarded by Reverend R.A. Shackles)
Next time you have to fill up at $3.49 a gallon, think of this!!
Unemployment in North Dakota is the lowest in the nation at 3.4 percent last I checked. See anything in the national news about how the oil industry is fueling North Dakota’s economy?
Here’s an astounding read. Important and verifiable information:
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 percent 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 analyst.
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 two 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? 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 two 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? Got your attention yet? Now, while you’re thinking about it, do this: Pass this along.
By the way, this can be verified. Check it out at
http://www.usgs.gov/newsroom/article.asp?ID=1911#.U69Qq0CwXEI.•