There is enough crude to fully fuel the American economy for 41 years straight
*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! *- and it's all right here in the Western
United States .** |