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USA oil reserves #7530526
03/17/22 09:18 AM
03/17/22 09:18 AM
Joined: Dec 2006
Posts: 5,801
Williamsport, Pa.
J
jk Offline OP
trapper
jk  Offline OP
trapper
J

Joined: Dec 2006
Posts: 5,801
Williamsport, Pa.
I was aware of the reserves, but not the magnitude reported here. If the "New Green Deal" folks thought they could profit from this, they'd jettison their BS and jump in.


Here's an astonishing read. Important and verifiable information:

About 6 months ago, the writer was watching 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." Please read below. 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... 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," reportsThe 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 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 U.S. !!!
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?


Free people are not equal. Equal people are not free. What's supposed to be ain't always is. Hopper Hunter
Re: USA oil reserves [Re: jk] #7530554
03/17/22 09:59 AM
03/17/22 09:59 AM
Joined: Nov 2017
Posts: 11,403
Maine, Aroostook
Posco Offline
trapper
Posco  Offline
trapper

Joined: Nov 2017
Posts: 11,403
Maine, Aroostook
I remember twenty years ago when "peak oil" was just around the corner. What happened?

Re: USA oil reserves [Re: jk] #7530566
03/17/22 10:08 AM
03/17/22 10:08 AM
Joined: Dec 2006
Posts: 30,018
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 30,018
williamsburg ks
I think the earth is still making oil. Not as fast as we are burning it maybe but for the life of me I can't see why organic material would stop becoming oil.

All the great scientists and thinkers of 50 years ago said we were headed to another ice age. That oil was about to run out. Now we have more available than we did then?

Oh yeah eggs are bad for you, meat and salt is good


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: USA oil reserves [Re: jk] #7530611
03/17/22 10:45 AM
03/17/22 10:45 AM
Joined: Jul 2017
Posts: 2,672
Ohio
W
Willy Firewood Offline
trapper
Willy Firewood  Offline
trapper
W

Joined: Jul 2017
Posts: 2,672
Ohio
And remember that here in this country, oil is produced in cleaner ways than any other countries.

Now look at the economics. If we import 500,000 barrels of oil at $50 per barrel, we pay out to that country $25 million per day to use against us. It would be wiser to pay domestic companies that money to provide jobs and support our economy.

$25 million per day for one year is $9.125 billion. Wouldn’t that be nice to keep in our economy instead of throwing to the wolves who openly hate us? Russia, Venezuela, or Iran. America first.


FRAC LIVES MATTER
Re: USA oil reserves [Re: jk] #7530644
03/17/22 11:08 AM
03/17/22 11:08 AM
Joined: Dec 2006
Posts: 15,861
MN, Land of 10,000 Lakes
T
Trapper7 Offline
trapper
Trapper7  Offline
trapper
T

Joined: Dec 2006
Posts: 15,861
MN, Land of 10,000 Lakes
Originally Posted by jk
I was aware of the reserves, but not the magnitude reported here. If the "New Green Deal" folks thought they could profit from this, they'd jettison their BS and jump in.


Here's an astonishing read. Important and verifiable information:

About 6 months ago, the writer was watching 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." Please read below. 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... 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," reportsThe 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 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 U.S. !!!
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?

Trump opened up many of these places. That increased the world's oil production causing the price for a barrel of oil to drop and gas at the pump to drop. Same as the fur market. If there was an abundance of a certain fur, the price would drop. When there was a shortage of a certain article, the price went up.

Biden has stopped most everything Trump put in place regarding oil drilling causing the cost for a barrel of oil to rise due to a shortage in the market. His solution: Everybody needs to buy an electric car or take the bus.


Remember as a kid we played army and you gave up the fort so the other side got it? Of course you don't. Little kids aren't that stupid.
Re: USA oil reserves [Re: danny clifton] #7530650
03/17/22 11:11 AM
03/17/22 11:11 AM
Joined: Dec 2008
Posts: 4,421
Yukon
Y
yukon254 Offline
trapper
yukon254  Offline
trapper
Y

Joined: Dec 2008
Posts: 4,421
Yukon
Originally Posted by danny clifton
I think the earth is still making oil. Not as fast as we are burning it maybe but for the life of me I can't see why organic material would stop becoming oil.

All the great scientists and thinkers of 50 years ago said we were headed to another ice age. That oil was about to run out. Now we have more available than we did then?

Oh yeah eggs are bad for you, meat and salt is good


Bingo. I said the exact same thing on here many years ago and people said I was a nut so be careful!


do unto others as you would have them do unto you

www.grizzlycreeklodge.com
Re: USA oil reserves [Re: jk] #7530657
03/17/22 11:19 AM
03/17/22 11:19 AM
Joined: Dec 2008
Posts: 4,421
Yukon
Y
yukon254 Offline
trapper
yukon254  Offline
trapper
Y

Joined: Dec 2008
Posts: 4,421
Yukon
A few years back we had some consultants from the Alberta oil patch come fishing with us on a regular basis. One summer I asked them how much oil was in the tar sands. They told me that in the areas that are currently under production, there was enough oil to supply the world at current rates for the next 500 years. The tar sands extend all the way into southeast Yukon so there is a lot of oil that isnt even tapped into yet. We should have access to cheap energy. The current fuel prices are criminal, but elections have consequences, and i hope every single communist who supports the lefts policies go broke.


do unto others as you would have them do unto you

www.grizzlycreeklodge.com
Re: USA oil reserves [Re: jk] #7530672
03/17/22 11:29 AM
03/17/22 11:29 AM
Joined: Mar 2007
Posts: 35,232
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,232
McGrath, AK
jk: Just an FYI:

What you have posted is an old chain email from about 10-12 years ago. It is a mixture of half truth and outright false hood. It is a compilation of statements and estimates from multiple articles over several years, in an attempt to make you think it is all in context. It isn't.

Anytime you see anything from Stansberry Reports or Stansberry Research..............it is an attempt to sell you a subscription to what they euphemistically call an investment newsletter. It is nothing more than a pump & dump operation who's main goal is to sell subscriptions. USUALLY their headlines are preceded by the words AD or SPONSORED ...........always in faded text so you might not notice it.

Most of their publications are not credible.


Mean As Nails
Re: USA oil reserves [Re: jk] #7530695
03/17/22 11:42 AM
03/17/22 11:42 AM
Joined: Jul 2017
Posts: 2,672
Ohio
W
Willy Firewood Offline
trapper
Willy Firewood  Offline
trapper
W

Joined: Jul 2017
Posts: 2,672
Ohio
White -

There is an abundance of false information about the petroleum business. That is why I post info here that I know to be true. [Linked Image]


FRAC LIVES MATTER
Re: USA oil reserves [Re: jk] #7530696
03/17/22 11:44 AM
03/17/22 11:44 AM
Joined: Mar 2007
Posts: 35,232
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,232
McGrath, AK
X 2 Willy !!


Mean As Nails
Re: USA oil reserves [Re: danny clifton] #7530699
03/17/22 11:45 AM
03/17/22 11:45 AM
Joined: Jan 2007
Posts: 5,279
Northern Minnesota
BernieB. Offline
trapper
BernieB.  Offline
trapper

Joined: Jan 2007
Posts: 5,279
Northern Minnesota
Originally Posted by danny clifton
I think the earth is still making oil. Not as fast as we are burning it maybe but for the life of me I can't see why organic material would stop becoming oil.

All the great scientists and thinkers of 50 years ago said we were headed to another ice age. That oil was about to run out. Now we have more available than we did then?

Oh yeah eggs are bad for you, meat and salt is good


Exactly!

Re: USA oil reserves [Re: jk] #7530709
03/17/22 11:54 AM
03/17/22 11:54 AM
Joined: Dec 2010
Posts: 11,229
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,229
Armpit, ak
I was out hunting moose a couple of weeks ago and shot and missed and up through the ground came a bubbling crude.


Who is John Galt?
Re: USA oil reserves [Re: Dirt] #7530712
03/17/22 11:57 AM
03/17/22 11:57 AM
Joined: Dec 2008
Posts: 4,421
Yukon
Y
yukon254 Offline
trapper
yukon254  Offline
trapper
Y

Joined: Dec 2008
Posts: 4,421
Yukon
Originally Posted by Dirt
I was out hunting moose a couple of weeks ago and shot and missed and up through the ground came a bubbling crude.



So yer the fella their looking for thats been shooting up the pipeline!


do unto others as you would have them do unto you

www.grizzlycreeklodge.com
Re: USA oil reserves [Re: danny clifton] #7530722
03/17/22 12:09 PM
03/17/22 12:09 PM
Joined: Sep 2013
Posts: 10,406
Northeast Oklahoma
M
Mike in A-town Offline
trapper
Mike in A-town  Offline
trapper
M

Joined: Sep 2013
Posts: 10,406
Northeast Oklahoma
Originally Posted by danny clifton
I think the earth is still making oil. Not as fast as we are burning it maybe but for the life of me I can't see why organic material would stop becoming oil.

All the great scientists and thinkers of 50 years ago said we were headed to another ice age. That oil was about to run out. Now we have more available than we did then?

Oh yeah eggs are bad for you, meat and salt is good


I don't think it takes as long to convert into oil as conventional science claims... Put anything with some carbon content in an anaerobic pressure cooker and you can get a usable oil. I read somewhere that this process produced enough oil to power the thermal portion of the process with enough left over to sell.

This is from 2006...

https://www.discovermagazine.com/technology/anything-into-oil-03

Mike


One man with a gun may control 100 others who have none.

Vladimir Lenin
Re: USA oil reserves [Re: white17] #7530725
03/17/22 12:12 PM
03/17/22 12:12 PM
Joined: Dec 2008
Posts: 4,421
Yukon
Y
yukon254 Offline
trapper
yukon254  Offline
trapper
Y

Joined: Dec 2008
Posts: 4,421
Yukon
Originally Posted by white17
jk: Just an FYI:

What you have posted is an old chain email from about 10-12 years ago. It is a mixture on half truth and outright false hood. It is a compilation of statements and estimates from multiple articles over several years, in an attempt to make you think it is all in context. It isn't.

Anytime you see anything from Stansberry Reports or Stansberry Research..............it is an attempt to sell you a subscription to what they euphemistically call an investment newsletter. It is nothing more than a pump & dump operation who's main goal is to sell subscriptions. USUALLY their headlines are preceded by the words AD or SPONSORED ...........always in faded text so you might not notice it.

Most of their publications are not credible.



Thats the problem isnt it ? Who to believe. Its become a favorite tactic to claim every source is false unless its one we happen to agree with. The real truth no doubt is somewhere in the middle.
https://oilprice.com/Energy/Energy-General/US-Has-Worlds-Largest-Oil-Reserves.html


do unto others as you would have them do unto you

www.grizzlycreeklodge.com
Re: USA oil reserves [Re: Dirt] #7530888
03/17/22 03:43 PM
03/17/22 03:43 PM
Joined: Nov 2017
Posts: 11,403
Maine, Aroostook
Posco Offline
trapper
Posco  Offline
trapper

Joined: Nov 2017
Posts: 11,403
Maine, Aroostook
Originally Posted by Dirt
I was out hunting moose a couple of weeks ago and shot and missed and up through the ground came a bubbling crude.

State or feds have the mineral rights?

Re: USA oil reserves [Re: Posco] #7530893
03/17/22 03:56 PM
03/17/22 03:56 PM
Joined: Dec 2006
Posts: 21,810
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,810
Sandhills Nebraska
Originally Posted by Posco
Originally Posted by Dirt
I was out hunting moose a couple of weeks ago and shot and missed and up through the ground came a bubbling crude.

State or feds have the mineral rights?

Hollywood.......


Life ain't supposed to be easy.
Re: USA oil reserves [Re: yukon254] #7530902
03/17/22 04:20 PM
03/17/22 04:20 PM
Joined: May 2008
Posts: 3,897
Mn
N
nightlife Offline
trapper
nightlife  Offline
trapper
N

Joined: May 2008
Posts: 3,897
Mn
Originally Posted by yukon254
A few years back we had some consultants from the Alberta oil patch come fishing with us on a regular basis. One summer I asked them how much oil was in the tar sands. They told me that in the areas that are currently under production, there was enough oil to supply the world at current rates for the next 500 years. The tar sands extend all the way into southeast Yukon so there is a lot of oil that isnt even tapped into yet. We should have access to cheap energy. The current fuel prices are criminal, but elections have consequences, and i hope every single communist who supports the lefts policies go broke.


A lot of the so called green groups and lobbyists have been funded by Russia who has also supported them with strategic and lobbying support and institution in effective messaging, all of which has been an open secret largely ignored by those in government as well as the media



�Everything in excess! To enjoy the flavor of life, take big bites. Moderation is for monks.�
― Robert A. Heinlein
Re: USA oil reserves [Re: jk] #7530915
03/17/22 04:50 PM
03/17/22 04:50 PM
Joined: Dec 2010
Posts: 11,229
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,229
Armpit, ak


Who is John Galt?
Re: USA oil reserves [Re: jk] #7530951
03/17/22 05:58 PM
03/17/22 05:58 PM
Joined: Apr 2012
Posts: 3,019
new york
M
mike mason Offline
trapper
mike mason  Offline
trapper
M

Joined: Apr 2012
Posts: 3,019
new york
Advances in drilling geophysical and well log interpretation with the development of computers put the oil industry in the fast lane.

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