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Oil and More Oil

Discussion in 'Off Topic Threads' started by Trapshooter1950, Jul 16, 2009.

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  1. Trapshooter1950

    Trapshooter1950 TS Member

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    Send to your representives and ask if true, then ask why not stimulus money being spent to develop / create some real jobs.

    OIL (not a joke)

    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 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 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/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 alittle 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
     
  2. grunt

    grunt TS Supporters TS Supporters

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  3. Carol Lister

    Carol Lister TS Member

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    Now, (as Paul Harvey used to say) the rest of the story...

    The oil in the Bakken is locked up in shale. Current estimates of viable recoverablity by oil companies working on-site range from 3% to 10% using forseeable technology. Here's the explanation from the Wikipedia:

    <blockquote>"While these numbers would appear to indicate a massive reserve, the percentage of this oil which might be extracted using current technology is another matter. Estimates of the Bakken's technically recoverable oil have ranged from as low as 1% — because the Bakken shale has generally low porosity and low permeability, making the oil difficult to extract — to Leigh Price's estimate of 50% recoverable.[11] Reports issued by both the USGS and the state of North Dakota in April 2008 seem to indicate the lower range of recoverable estimates are more realistic with current technology."</blockquote>

    Wikipedia: Bakken Oil Formation

    An analysis of the information presented in the popular email on the subject (lead post):

    Truth Behind the Bakken Reports

    Carol Lister
     
  4. BigM-Perazzi

    BigM-Perazzi Well-Known Member

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    A recent conversation with a Dakota native, indicates newer technology has increased dramatically that percentage... let us hope so..
     
  5. Clay Addict

    Clay Addict Member

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    Trapshooter1950,
    There is considerable production in the Bakken and has been for years. The only way the USGS can make such a report is from Oil Companies taking the risk to find the field so our Government employees can report on it. The information that "in three and a half years.....none has been extracted" is wrong.
    The Bakken is amazing and will be part of our nations economy for decades to come. Look at Obama's budget request and you will find how he wants to dismantle domestic exploration and production. Thanks goodness for oil companies spending billions to find oil for our nation.
    Thanks for posting this information, it is great to have everyone learn what is going on.
    CA
     
  6. markdenis

    markdenis TS Member

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    This thread and other past threads have addressed the same issues many times. I have argued on more than one occasion with others on here that we have more oil than any other nation...possible more than all OTHER nations combined!

    It never fails, others will deny all the research that has been done and proven true is actually false and we have no oil. I don't understand why, but they will.

    I think you could write on TS.com the world is round, and before long someone would come on here and call you a dumbass for thinking that way.

    Mark Rounds
     
  7. Carol Lister

    Carol Lister TS Member

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    <blockquote>"... I have argued on more than one occasion with others on here that we have more oil than any other nation...possible more than all OTHER nations combined!"</blockquote>

    Mark, there's no point arguing with your assertion that we might outstrip the world in oil reserves; there are simply no stats and no data to back up an argument either way. But there IS one huge difference between having a lot of oil reserves and being able to extract oil from them at a cost that makes the venture economically practical. There is gold in sea water, too, but the cost to extract it would make it prohibitively expensive.

    Carol Lister
     
  8. markdenis

    markdenis TS Member

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    Carol

    I tend to believe the information published on this subject about the quantity of oil in our country more than I believe your statement "no stats and no data to back up an argument either way", Where is your disputed research? And I don't recall ever discussing cost.

    Mark Rounds
     
  9. wireguy

    wireguy TS Member

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    Hey Mark, you are right. The world is spherical LOL.

    Anyway it doesn't matter how much oil we have. If it is politically unfavorable to extract it and refine it, it never reaches the marketplace. If cap and trade passes the senate, the price of a gallon of gasoline will rise tremendously through taxation. We could be drowning in the stuff and it won't matter if artificial means are used to keep it from the marketplace. The leftists, who the American people can't get enough of, want us out of our cars.
     
  10. markdenis

    markdenis TS Member

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    wireguy

    I couldn't agree more. We already have the technology to power our vehicles using hydrogen (water). The only thing that really holds the technology back is government intervention and red tape. The government can not simply figure out how to charge for the rain water, pond water, or any other free water one could collect to use as fuel.
     
  11. halfmile

    halfmile Well-Known Member

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    These guys claim to have a good technique.

    IF it's really good they will disappear, and never be heard from again, like the steam car company from Pa.

    HM
     
  12. markdenis

    markdenis TS Member

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    halfmile

    On the same topic, I watched an interview with a person last year that had installed his own technology on a 300 horsepower mustang car which changed his gas mileage from about 15 mpg to 100 mpg.

    The interviewer asked him when he was going to put his inventions on the market and he stated he couldn't...every time he applied for a patent he was rejected, every time he tried to get someone to built the parts he needed he was blocked and denied a business license. He said every time he even turn around, some political figure was there to ask him what his next move was going to be. His last statement on national TV was, the thing I am worried about most right now is my life.

    Maybe some of you watched it.
     
  13. markdenis

    markdenis TS Member

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    I was wrong...it is a 400 horse power mustang, not 300 horse power. Here is the link. It is a brief description of his invention. Since the interview I watched last year, he sold his technology...I wonder who owns it now?

    http://www.kmbc.com/automotive/16768626/detail.html
     
  14. chiefjon

    chiefjon Active Member

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    Halfmile,

    You are closest to the truth. We, the guys who pay the taxes and vote, are the most controlled group around. We profess freedom of speech, but the oil companies control the politicians and the politicians control the media and we eat what we are fed...even if it is mostly BS.

    JON
     
  15. Milkbone

    Milkbone TS Member

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    If the oil companies had all that power, they sure wouldn't have let idiot Obammy into office. He is determined to kill all fossil fuel usage and there's nothing he hates more than oil companies. I thought the main conspiracy theory was that the auto companies owned everything, but I guess that's outdated now that the unions own them.

    Which oil companies are supposed to control everything. Surely not the US companies which are small pototoes in the market now.
     
  16. wireguy

    wireguy TS Member

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    The oil companies don't care who is in office. They don't need to explore or drill or pump when they can make billions simply importing and refining. They know that no one president or congress is going to put them out of business. They are, realistically, the only game in town and unless the American people are willing to walk, any president or congress that tries to make them go away will be dealt with at election time. That does not preclude the possibility of six dollars per gallon gas however. The oil companies don't care about that either. As long as they make their billions, why should they care what happens to the American people? Americans, through their support of radical environmentalism, have been shafting the oil companies for decades. Why SHOULD the oil companies care what happens to us?
     
  17. ou.3200

    ou.3200 Well-Known Member

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    You are putting the responsibility for the lack of domestic oil production on the wrong entity. The oil companies large and small would gladly drill, pump and refine oil if the government would let them do so. Look at all the areas that are off limit beginning with ANWR. In addition they have put off shore, oil shale, and numerous other areas off limit to drilling and have prevented the building of additional refining plants in the United States. They have mandated ridiculous "boutique" blends for different areas causing supply problems and increasing delivery costs. The ethanol is a net loss in energy when you consider the small yield of energy out vs energy used to produce the ethanol and the fact that ethanol blends reduce mileage substantially. All this is to appease the radical environmentalists.

    Those who complain of the oil companies should be glad that they are successful and making money. They provide employment and when you pull into the station to fill up the fuel is there because they are successful. Don't form your opinion based on what the socialists in the administration and congress say. They want to destroy the fuel delivery system and drive the prices up.
     
  18. Leo

    Leo Well-Known Member

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    With all due respects, Take a couple of semesters of chemistry and a couple of semesters of physics. There are roughly 125,000 btu's of energy in a gallon of quality fuel. Weight, performance, rolling resistance, rate of acceleration, speed, time at proper operating temperature, etc. are all real life factors that can be measured and calculated. You can quantify the demand that each factor puts on the energy source. I believe we can make some additional improvements in efficency, but you cannot get 400 percent or more mileage improvement, even on paper, let alone real life. I have been reading reports of "magic" carbs and systems that get 100 mpg for 40 years. Every one is supposed to have been stopped by the oil companies. Oil companies would not be able to stop China, Japan or Russia if the technology was true.
    I have even modified vehicles just for MPG contests at SCCA events. You are not going to see 100 plus mpg in a real world car in real world conditions. Research some of the MPG contests and see what people have to do to get 75 mpg on public roads in front of witnesses. There is no Santa Claus either.
     
  19. markdenis

    markdenis TS Member

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    Leo

    Are you saying then that Doug Pelmear, the man that built the 100+ mpg 400 horse power Mustang, is a liar? Don't you think it is possible he came up with some type of technology you are not aware of?

    How many years ago was it the US Patent office thought about closing because everything that could be invented had already been invented.

    Oil is global and they can do whatever they want in any country. There is not a government in any country on this planet that would benefit from vehicles getting 100+ mpg at or close to the current price for a gallon of gasoline.
     
  20. crusha

    crusha TS Member

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    It is true enough that the oil companies have had a pretty good time of it importing and refining foreign crude - so far. However, that era may be coming to an end. The percentage of the world's proven reserves owned or leased by private companies goes down every year. The world's oil reserves are increasingly coming under the ownership of wacko governments. Governments around the world see what is coming, and are taking steps to "lock up" every drop of underground oil they can get their arms around, as a source of future revenue and economic security.

    Once a sufficient portion of the world's oil comes under the ownership of governments that are hostile to the U.S., we may have to revisit our aversion to drilling our own oil, unless we want to follow Obama's lead and revert to hunting and gathering. People are still going to need to get around, somehow, and the number of solid, good-paying jobs within transit-bus distance of the city limits is NOT getting any better, no matter what the starbucks-drinking "Bruno fans" on NPR marketplace would have you believe.
     
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