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Oil No Joke! WHAT DO YOU THINK??



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Old 07-22-2009, 07:34 AM   #1
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Oil No Joke! WHAT DO YOU THINK??

OIL (not a joke)

The U. S. Geological Service issued a report in April ('0 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 for2041 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 entir e 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/ire up yet? Hope so! Now, while you're thinking about it .... and hopefully P.O'd, do this:

3. Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you want to complain about gas prices .. because by doing NOTHING, you've forfeited your right to complain.
--------
Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
By the way...this is all true. Check it out at the link below!!!
GOOGLE it or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911 <http://www.usgs.gov/newsroom/article.asp?ID=1911>
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Old 07-22-2009, 08:05 AM   #2
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They aint drilling for JACK in the Rockies right now. Out of the 12 people I went to mudschool with about half of them went to the Rockies and they are ALL laid off. Im working for a company right now that is based out of Denver. They have one rig running right now.....in Texas. There aint nothing going on up there.
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Old 07-22-2009, 08:39 AM   #3
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I say we should colonize the moon, move all the Democrats and environmental wackos there and they should be happy. This way, we can rid the country of a segment of the maligned gene pool, keep our American Traditions, and really find out if we landed on the moon in 1969. Heck, we might even find Elvis.

For real, I have a copy of this very report published back in 2005 saved in my favorites, recommending that investment into oil and shale would be highly desirable and profitting, along with the exact figures of how large the deposits are.

Just think how many jobs could be created if we started to drill our own oil? Just think how well the economy would do if oil was plentiful and the cost of tangible goods was reasonable?

Why is common sense so scarce, and non-sense so common?
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Old 07-22-2009, 09:26 AM   #4
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If oil was $16 a barrel, gas/diesel would be what....$.20/gal? I could buy that Peterbuilt for a DD I always wanted!
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Old 07-22-2009, 09:26 AM   #5
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Yea just like they wont post up how much is under the gulf floor either. Why the hell would you drill all the them lines and cap them.

Plus they got the idea. Its use all there up. Then the world all be depended on us for the worlds fueling needs.
Everyone think hell we get it us it. You got the look at the bigger picture. Not jusr cheap gas prices.
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Old 07-22-2009, 09:26 AM   #6
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One more to change my count.
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Old 07-22-2009, 09:29 AM   #7
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Oil WAS $16 a barrel in '98 Gas was $.99 a gallon for a bout a week then it went up again.
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Old 07-22-2009, 09:45 AM   #8
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We dont want oil to be $16. If it was, our local/state economy would be nearly nonexistent.

I like higher oil prices because that means more people in the industry are working and making good money. That in turn benefits everyone else that isn't in the industry because the people making money spend money on other goods and services.

Now don't get me wrong, I think paying $4 a gallon for fuel is ridiculous, but we need a happy medium.
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Old 07-22-2009, 12:29 PM   #9
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WNow don't get me wrong, I think paying $4 a gallon for fuel is ridiculous, but we need a happy medium.
Very true, but seems almost impossible to do for some reason.



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Old 07-22-2009, 12:32 PM   #10
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Old 07-22-2009, 01:43 PM   #11
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Why the hell would you drill all the them lines and cap them.
they are getting them drilled for cheap right now, capping them, then waiting till the prices go back up, then start selling... i work for eog resources and last year we were sending out installs for well locations like crazy..... 8 or 10 a week.... now we are lucky to send 1 out every 2 weeks
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Old 07-22-2009, 01:52 PM   #12
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Everyone is dropping there prices right now. Greywolf/Precision has dropped there day rate on this rig about 20% just to keep it working. Some of the other GW/PD rigs are charging just enuff day rate to keep it from killing weeds somewhere and paying the hands salary. I see the service companies coming in an outa here.....they are all willing to negotiate to keep the job or to get someone else out of the way. Not seeing as many hats/tshirts/stickers/steaks/cokes being brought out though.....
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Old 07-22-2009, 02:22 PM   #13
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Hey Thumper thats the truth about (hats/tshirts/stickers/steaks/cokes)... i been here with EOG for about 2 years now... last year we had our vendors come atleast once maybe twice a week and cater for us.... this year "nothing" at all. i cant complain though cause im one of the lucky ones that didnt get laid off. hopefully by the end of the year we will pick back up...
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Old 07-22-2009, 02:38 PM   #14
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remember its not the price of fuel or oil its all the taxes they like to add onto it!
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Old 07-22-2009, 02:40 PM   #15
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I hear you on that. Im just glad to have a job myself....got pretty scary for a while. I hope it doesnt get any worse. Yeah the caterers are kinda scarce out here too....missin that surf and turf! We have took some pay cuts from bonuses and salaries but still got a job. The thing that hacks me the most is you got too many people in the office now with nothing to do so they start dreaming up all these new forms and ways to do stuff.....GET A JOB!
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Old 07-22-2009, 02:44 PM   #16
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that is exactly what they are doing here.... they are coming up with all this new stuff to do and all these new projects. the thing is we have only a few amount of people now to do it.... the few people we have are busting there *** off to get it all done....
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Old 07-22-2009, 05:19 PM   #17
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