Monday, December 26, 2011

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

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

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

Tree huggers
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?

No zones

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.

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