Now, with Egypt in crisis, more than ever we need to become less dependent upon foreign oil. And we can be...
According to the U.S. Geological Survey and other government reports, the "Bakken" which stretches from northern Montana , through North Dakota and into Canada has the largest oil reserves in the world. 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 167 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 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 the years of high oil prices since, 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 for a minute that "OPEC" will drop its price - even with this find UNLESS we make a concerted effort to recover this oil. Then watch OPEC drop its price. It's all about the competitive marketplace. Think OPEC just might be funding the environmentalists?
True, there has been some drilling of the Bakken for years, but in the 50+ years of minor drilling operations, only 105 billion barrels have been recovered - 2 billion barrels per year. America currently uses 6.6 billion barrels per year (of which 51% is imported from foreign countries). Additional drilling on a larger scale is being prevented by environmental groups and lobbies. And of the oil being recovered, it is unsure whether it is used in the U.S. or exported for greater profits.
Between ANWR in Alaska and Bakken in the western states, the figures for recoverable oil are estimated between 500 billion and 2 trillion barrels. Even at the lowest estimate, 500 billion barrels would replace the 3 billion a year we now import for up to 167 years of import-free petroleum. And even at a fair rate of increase in usage over the years, it would still keep us free of foreign dependency for a century - plenty of time to develop newer, better technologies.
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.
By the way .... this is all true. See the U.S. Government's own report on this by clicking here. It will blow your mind.
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