Huge Oil Field Found In Montana

$10 Gas Prices? There is hope...

400-500 billion barrels of oil have been discovered in the Bakken oil field in Montana and North Dakota.

It's a story that is reminiscent of the old Beverly Hillbillies. Imagine a wheat farmer in Stanley, North Dakota who strikes black gold and is no longer dependant on farming to make a living. Communities talking oil boom and plans to build new refineries. News reports on the TV. Hopes that the crippling cost of gasoline will be eased.

Some say that the oil field stretches 25,000 square miles and has two times more oil than Saudi Arabia. The USGS confirms that it is the biggest oil discovery in the history of the USA.
Discovered in the 1950's, recent technological oil drilling developments have made it possible to tap this resource. The oil is in a layer of shale 8-10 thousand feet below the surface of the earth. Drill down eight thousand feet, then horizontally in all directions - break up the shale and pump out the oil. The horizontal drilling technology is the new revolutionary advancement.
Gov. Brian Schweitzer of Montana is very hopeful. He wants private enterprise to develop the energy. "I can promise you I don't want the Federal Government helping me with anything. Because almost every time they get involved in something, they mess it up. We'll do this, in the State of Montana and the State of North Dakota. We'll build a private enterprise. "
There are people who blame the oil speculators for the spike in oil prices. As I write this, congress is debating this live on CSPAN. There is definitely a cause and effect relationship between this kind of investment play and the volatility of oil costs. The premise of the strategy is that oil is a limited commodity.
Some researchers are beginning to question the peak oil theory that is the basis of the oil industry's business practices. If oil is created in a geochemical "abiotic" process rather than hydrocarbons left from the remains of fossils, then oil is a virtually limitless resource.
Dr. Jerome Corsi, author of Black Gold Stranglehold,
Black Gold Stranglehold
says the Bakken discovery dwarfs the north shore of Alaska and rivals Saudi Arabia "Today the technology is able to get at it." "They're [oil] coming out of the center%u2026the mantel of the earth."

On a recent History Channel program profiling the diamond industry, they described the De Beers diamond cartel. Diamonds are in reality, almost as common as sand. De Beers controls the market by only allowing a limited supply of the stones to be released. This causes an artificial shortage, which keeps the prices of diamonds high. If oil is in unlimited supply, continually renewed by geochemical processes, then the only reason it is rare is because the supply is being closed off.
On the other hand there are voices of dissension that down play the optimistic appraisal of the oil find. They say the amount of oil and the ease of extracting it are exaggerated. Are they right? Or are they speaking on behalf of the oil business's interests?
Will we see a drop in the price at the gas pump? Are the critics right? How soon before we know? What about T. Boone Pickins? The story continues...

Subject: Ever Heard of Bakken Formation? Read this one.

Date: Wednesday, September 10, 2008, 3:12 PM

What about these "apples"?

Ever heard of the Bakken Formation?

GOOGLE it or follow this link. It will blow your mind. http://www.usgs.gov/newsroom/article.asp?ID=1911

The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen 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. F or 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 ha s 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 41 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, people!]

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 is more than 2 TRILLION barrels. On August 8, 2005 President Bush
mandated its extraction.

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 a s 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 democrats, environmentalists and left wing republicans have blocked all efforts to help America become independent of foreign oil.

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 marketpla ce, - it has to.
----
[Got your attention/ire up yet? Hope so! Now, while you're thinking about it ... and hopefully P.O'd, do this:

3. Take 10 minutes and compose an e-mail; fax or good old-fashioned letter to all your friends and associates. Alert them to the fact that democrats and 'liberal' republicans have been and will continue to obstruct all plans to make America independent of foreign oil. The only solution is to vote all democrats and Marxist oriented republicans out of office.

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.

Peak Oil Lie - US Has Utterly Giant Oil Reserves

2-25-9

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...

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 41 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 - 4-20-6

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 angry, 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.

Want the hard data? Go here...
http://www.usgs.gov/newsroom/article.asp?ID=1911