Have reported on this previously, but thought a refresher was due. To not develop our own resources, and use the environment as the excuse is criminal. I guess if we burn gas from OPEC oil or Soros’ Brazilian oil in our cars, it is somehow cleaner than good old American oil. Obama is pumping $’s into the pockets of George Soros who in turn is donating to Obama and his liberal Democrats. I wonder if OPEC is really funding the radical environmental movement. That would be a story for someone to break.
Excerpt: 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.
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?
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:
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.
Read full report here.