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#203197 by t-Roy and The Smoking Section
Fri Jan 25, 2013 9:16 am
Environmentalist and Obama policies are stifling our economy and hurting everyone.

Here are the facts:



Unemployment in ND is the lowest in the nation at 3.4 percent

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.

"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. 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 could cost Americans as little as $16 PER BARREL. That's enough crude to fully fuel the American economy for 2041 years straight.

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.

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

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. 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.

Think OPEC might be funding the environmentalists?




http://www.usgs.gov/newsroom/article.asp?ID=1911
http://www.usgs.gov/newsroom/article.asp?ID=1911<http>

#203199 by t-Roy and The Smoking Section
Fri Jan 25, 2013 9:21 am
I have a nephew who recently moved up to North Dakota. He loves it, making great money and says it's really booming.





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#203205 by gbheil
Fri Jan 25, 2013 1:08 pm
We are "dependent on foreign oil" because the business / banking / geo political spectrum want us that way.

The oil "royalties" overseas were and are controlled by a very small percentage of the population.
It was easy and inexpensive to produce for numerous reasons.
There are no surface rights or mineral rights to contend with.
Cheap labor, no governmental restrictions ETC.
In many places like Saudi Arabia & Africa all was required was a large bore pipe sticking out of the well annulus with a valve on it. These wells flowed billions of barrels of oil due to formation pressure, no pumps were / are required to transport it.

Enormous profits was the result. Estimated at a thousand time greater than that possible here.
Men seek to be wealthy and powerful . . . not to provide energy for their fellow men.

Conversely the profit margins are dynamically lower in the States also for the converse of reasoning.

I was trained by "Big Oil" to exploit these factors drilling all over the world.
I chose a different path, not because I was better or smarter but for other reasons young men set their paths.

But my knowledge remains.

#203242 by KLUGMO
Fri Jan 25, 2013 5:52 pm
Just for shytts and giggles: Imagine having all the oil you could possibly need.
Now imagine all the ways that oil is used.
Now imagine how humans act when they have an abundance of something.





Now imagine how much clean water will cost 50 years from now.
Imagine the lung and cancer issues that may result from a oil mardi-gras.

If too much time on your hands is trouble, then too much oils gonna
be a bitch.[/b]

#203271 by gbheil
Sat Jan 26, 2013 12:36 am
Contrary to the popular notion. We are not creating anything. Just using what is already here.

Good stewardship of our resources would make all the difference mankind needs.

It's just not going to happen.

#203280 by KLUGMO
Sat Jan 26, 2013 1:44 am
Sadly, I agree George.

Greed[/b]

#203297 by PaperDog
Sat Jan 26, 2013 4:53 am
I am not dependent on foreign oil... I am dependant on ALL oil

#203325 by KLUGMO
Sat Jan 26, 2013 10:44 pm
I'M dependant on Snake Oil :lol: [/b]

#203327 by t-Roy and The Smoking Section
Sat Jan 26, 2013 11:24 pm
KLUGMO wrote:Just for shytts and giggles: Imagine having all the oil you could possibly need.
Now imagine all the ways that oil is used.
Now imagine how humans act when they have an abundance of something.





Now imagine how much clean water will cost 50 years from now.
Imagine the lung and cancer issues that may result from a oil mardi-gras.

If too much time on your hands is trouble, then too much oils gonna
be a bitch.[/b]




No need to imagine anything. Just LOOK at how efficient the government is compared to the private sector.

I'd bet that Americans in N Dakota are a LOT more concerned with environmental issues than oil workers are in Iran, Iraq, Saudi Arabia, Sudan, Venezuala, etc, etc, etc.

Why don't you trust Americans to do a good job? We could be leading the world in oil production right now except that der fuhrer has made sure that it won't happen.

Who can do a better job, American people or the Federal Government? America is NOT the federal government! According to the law, they serve us. But since Obama we have all become endentured slaves to pay the salaries, pensions, health care, and vacations of government union employees.

The people are out of bread..."Let them eat cake!"




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#203335 by ANGELSSHOTGUN
Sun Jan 27, 2013 2:02 am
Yod here is the bottom line.
There are plenty of energy resources. Oil , Nat gas , Coal.

The stupidity of the general American voting population has bought in to this lie,,

The bottom line is the Federal Reserve, keeps diluting the value of the dollar.
You can not keep printing money at the rate of almost a trillion dollars a QE investment in "the economy" Even NOW the fed is printing 40 billion a month, to stimulate an economy that is being TAXED TO PIECES.

Every one has forgotten,, gas was just a $1.25 four years ago,,, and you could still buy a chicken dinner for 2 bucks. :)

#203467 by Kramerguy
Mon Jan 28, 2013 2:35 pm
Once they put Oil in on the stock market as a commodity, the game was over for us- the billionaire oil man will make a larger profit margin, and "our" oil now belongs to the "market" aka wall st, aka the people who hold our economy hostage and ransom it to the american public .. at will. They are above the law and the regulators are well paid to look the other way. The justice department are ordered to ignore the crimes, and we all suffer for it.

The OP question "why are we dependent on foreign oil" should read "Why are we dependent on OIL AT ALL?" Time to move on, hopefully to something that isn't traded on wall street.

Ain't gonna happen, but the oil industry is totally corrupt and now owned by wall st. It's no longer ours, as I said, and we won't ever get it back. The public will from this day forward, be forced to pay an ever-increasing price, regardless of the amount of supply or origin.

Forget pollution and GW, we should abandon oil because it's no longer controllable as a resource. We are being held hostage to it.

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