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2023 February
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The REAL story about our oil/gas situation


JUSTA6
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REMEMBER THIS AT THE PUMP......

By the way, this can be verified. Check it out at the link below !!!!!!

 USGS Releases Oil and Gas Assessment for the Bakken and Three Forks Formations of Montana and North Dakota | U.S. Geological Survey [usgs.gov 

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?" 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 estimate.

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?

 Got your attention yet? Now, while you're thinking about it, do this:

Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices, by doing NOTHING, you forfeit your right to complain.

Now I just wonder what would happen in this country if every one of you sent this to everyone in your address book.

By the way, this can be verified. Check it out at the link below !!!!!!

 USGS Releases Oil and Gas Assessment for the Bakken and Three Forks Formations of Montana and North Dakota | U.S. Geological Survey [usgs.gov the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion.

  The US also consumes more oil than any other country worldwide. In addition to being the world's largest oil producer, the United States also imports upwards of 8 million barrels of oil per day.

 America now has more untapped oil than any other country on the planet. That's according to a new report from Rystad Energy that estimates the U.S. is sitting on an incredible 264 billion barrels of oil reserves.

 Is there untapped oil in the US?

The country is also the world's largest consumer of oil, using about 21 million barrels per day in 2019 — 20% of the world's total. Buried under U.S. soil lies an estimated 38.2 billion barrels worth of proven oil reserves that are still untapped, according to the U.S. Energy Information Administration. 

 Is the earth still making oil?

It took millions of years for it to form, and when it is extracted and consumed, there is no way for us to replace it. Oil supplies will run out. Eventually, the world will reach “peak oil,” or its highest production level. Some experts predict peak oil could come as soon as 2050. 

So, will we ever run completely out of oil, to the point where there is none at all? In short no, it is physically and economically not possible. Crude oil will only continue to be extracted so long as it is profitable to do so. 

What year will oil run out?

According to the MAHB, the world's oil reserves will run out by 2052, natural gas by 2060 and coal by 2090. The U.S. Energy Information Association said in 2019 that the United States has enough natural gas to last 84 years. 

What is the world running out of?

Rapid population growth, climate change, high demand for food, manufacturing, and the economic crisis have left the world in dire shortage of a number of critical things. Some of these, like water, soil, and antibiotics, are things we can't live out. 

How long will oil last in the world?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves). 

Who controls the oil price?

The price of oil fluctuates according to three main factors: current supply, future supply, and expected global demand. Members of OPEC control 40% of the world's oil. 

Can we make oil?

A new discovery could let scientists artificially create crude oil in under an hour, accelerating a natural process that normally takes at least a few million years to complete. 

Why are oil companies not drilling?

As to why they weren't drilling more, oil executives blamed Wall Street. Nearly 60% cited "investor pressure to maintain capital discipline" as the primary reason oil companies weren't drilling more despite skyrocketing prices, according to the Dallas Fed survey 

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9 hours ago, JUSTA6 said:

How long will oil last in the world?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves). 

Sweet, we have 47 years of fun left guy!! woop woop !:rofl: that will do me out easy!

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9 hours ago, 64 kiwi boni said:

Sweet, we have 47 years of fun left guy!! woop woop !:rofl: that will do me out easy!

I'll only be 80 so save some for my crazy, senile burnout years!

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