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A few oil facts

Discussion in 'Off Topic Threads' started by Oscar Ray, Mar 5, 2012.

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  1. Oscar Ray

    Oscar Ray TS Member

    Jan 22, 2010

    - You better be sitting down when you read this!!!!!!

    As you may know, Cruz Construction started a division in North Dakota
    Just 6 months ago.

    They sent every Kenworth (9 trucks) we had here in Alaska to North Dakota
    And several drivers.

    They just bought two new Kenworth's to add to that fleet; one being a Tri
    Drive tractor and a new 65 ton lowboy to go with it.

    They also bought two new cranes (one crawler & one rubber tired) for
    that division.

    Dave Cruz said they have moved more rigs in
    the last 6 months in ND than Cruz Construction moved in Alaska in
    the last 6 years.

    Williston is like a gold rush town; they
    moved one of our 40 man camps down there since there are no rooms

    Unemployment in ND is the lowest in the nation at
    3.4 percent last I Checked.

    See anything in the national
    news about how the oil industry is fueling North Dakota 's economy?

    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.."

    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 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

    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
    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.


    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 every one in your address book.

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

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

    Cruz Construction:
  2. wireguy

    wireguy TS Member

    Jan 29, 1998
    ...and the oil companies will be glad to buy it and process it here where their refineries are safe from the kinds of problems that take place overseas with Marxist governments, terrorists and so on, then sell it to the very countries where the oil companies could never have a refinery because of those problems, at world market prices, and screw the American people where their refineries operate in safety and security. (EPA excepted)
  3. Allen-MX8

    Allen-MX8 Member

    Jan 29, 1998
    Shucks! I thought I was going to find out about a new oil lubricant/preservative to use on my guns!

    Oh well!!

  4. ou.3200

    ou.3200 Well-Known Member

    Jan 29, 1998
    You mean the refineries that were built more than 30 years ago?
    1) No new refineries since the 1970s
    2) Drilling blocked in ANWR
    3) Drilling stopped in the gulf
    4) Millions of acres of shale put off limits by Clinton
    5) Drilling permits severely curtailed by Obama
    6) Offshore permits withdrawn by Obama
    7) Keystone pipeline blocked
    8) Mileage killing ethanol mandated
    9) More than 15 "boutique blends" of fuel mandated complicating distribution
    10) Political turmoil in the mid-east....etc,etc,etc ....

    and some blame the oil companies. The oil companies are not the enemy no matter what the liberal politicians and press says. They are not responsible for the high oil prices.
  5. X2 fan

    X2 fan Active Member

    Jan 29, 1998
    Here's another fact. Under Bush, domestic oil production DROPPED 11%. (remember all the news about the capped wells in Texas?) Under Obama, it has increased 10%, almost back to where it was 12 years ago.

    I recall watching a vid posted here a week or so ago from Bill O'Reilly with Lou Dobbs saying that while production is up and demand is down, the reason costs are still going up is because the companies are EXPORTING the oil and gas overseas because they can make more money by doing that.

    I'm certainly even going to try to put the blame on our past President but those of you who are all to willing to blame anything and everything on our current one need to look at ALL the facts before jumping the gun.

    It's so many things all rolled up that it is impossible to try to blame a single person or thing.

    Above all, I am very much in favor of being extra cautious in the case of possible environmental damage. If we trash out the eco-system while extracting a few barrels of oil, there really isn't much to live for, IMO.

  6. timberfaller

    timberfaller Well-Known Member

    Feb 24, 2007
    Eastern Washington
    Ya, I remember the capped wells. Nothing to do with Bush.

    They were capped because the price of crude was so low the cost of getting the oil out was more expensive.

    So the "owners" capped them on their own.

    Oh ya, a capped well, is as easily un-capped when needed.
  7. BigBadBob

    BigBadBob TS Member

    Jul 28, 2011
    The reason there has been no refineries built since the 70"s is that no oil company has applied for a permit to build one. Millions of dollars have been spent in the last 4 years at the Conoco-Phillips Refinery at Wood River Illinois on expansion and upgrades. I am not sure about any of the other refineries around the country.
  8. Catpower

    Catpower Molon Labe

    Jan 29, 1998
    In the Cabana
    And the reason no permits have been applied for is because the companies that own/build/operate refineries know first hand how the eco wackos will try everything in the world to stop progress, and it's more economical to upgrade the existing ones
  9. RWT

    RWT Well-Known Member

    Jan 29, 1998


    All the rest id BS.
  10. Chugiakshooter

    Chugiakshooter Member

    Jun 14, 2009
    I personally know the Cruz crew and they are a bunch of GOOD guys !!!
  11. Catpower

    Catpower Molon Labe

    Jan 29, 1998
    In the Cabana
    Everybody I have ever met in Alaska have been great people, well with the exception on two old farts that lived in Livengood, I think that was the name of the place, population 6, but they fought each other like cats and dogs
  12. Chugiakshooter

    Chugiakshooter Member

    Jun 14, 2009
    Dave,is a super nice guy !! I have worked for him doing some excavation work on a project he had.His formen is a friend that is helping out with getting highschool kids going with a college education in petroleum and working in the field.Like I say a nice group of guys !!!
  13. ou.3200

    ou.3200 Well-Known Member

    Jan 29, 1998
    The recent increase in oil production has NOTHING to do with Obama's actions (except the production would likely have been much higher but for Obama). Discovery of the Bakken oil fields and better extraction methods are largely responsible for the increase. Again, actions of the oil companies.
  14. Johnny

    Johnny Well-Known Member

    Jan 29, 1998
    Oscar Ray, did Forbes say what it would cost to extract that oil? We are aways away from getting it.
  15. bigdogtx

    bigdogtx Well-Known Member

    Aug 5, 2006
    Johnny,,,,,must not be too bad as they are in ND getting it out....
  16. halfmile

    halfmile Well-Known Member

    Jan 29, 1998
    Green Bay Wisconsin
    There needs to be an export tax.

    All the oil we get out of the ground does us no good when it is being shipped overseas to people that don't do shit for us.

  17. Johnny

    Johnny Well-Known Member

    Jan 29, 1998
    Sure bigdog, There is a millionaire made every day in ND. But they are getting the easy oil, not the vast quantities Oscar is talking about. That oil is out of reach.

    Halfmile, yeah, they should stop selling oil to the Chinese for big money when they could sell it to us for half as much. There won't be any export tax, Big Oil calls the shots. We can't even get the oil subsidies stopped.
  18. Ljutic111

    Ljutic111 TS Member

    Jan 20, 2008
    Well maybe before I die , we will see that $.23 per gallon gas in the US like they have in Venezuela . Not likely !!!
  19. Catpower

    Catpower Molon Labe

    Jan 29, 1998
    In the Cabana
    The oil in North Dakota was out of reach just a few years ago

    I remember when the the price of gas went up on 2008 everybody wanted to drill, the libs said well it's 10 yrs away, it won't do any good to do it, well we would be 4 yrs closer to having those fields in production

    They can't think past the next election
  20. lots of 24's

    lots of 24's Member

    Jan 29, 1998
    Only the very best shooters win the big money shoots. No matter how you try to change the system, only a very few win the biggest money. Same with oil. Only a very few set the price of oil. Only a very few make the most money from it. No matter how much we complain, try to change the system..........the filthy rich greedy bastards call all the shots and take all our money.
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