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Newly found Oil in America. Why isn’t it extracted?

Posted on | April 24, 2014 | 4 Comments

Newly Found Oil in America! Ck this out!

Inbox x

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6:31 AM (14 minutes ago)
to cbbsbb

Please do not miss reading this! 

 

Newly found Oil in America

As you may know, Cruz Construction started a division in North
Dakota just 6 months ago.  They sent every Kenworth (9 trucks)
we had here in Alaska to North Dakota, and several drivers.  They just

bought two new Kenworths to add to that fleet; one being a Tri Drive
tractor and a new 65 ton lowboy to go with it.  They also bought two
new cranes (one crawler and one rubber  tired) for that division.

Dave Cruz said they have moved more rigs in the last 6 months in ND
than Cruz Construction moved in Alaska in the last 6 years.

Williston is like a gold rush town; they moved one of our 40-man
camps down there since there are no rooms available.

Unemployment in ND is the lowest in the nation at 3.4 percent last I
checked. See anything in the national news about how the oil industry
is fueling North Dakota’s economy?

Here’s an astonishing read.  Important and verifiable information:
About 6 months ago, the writer was watching a news program on
oil and one of the Forbes Bros. was the guest.  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 sm(EIA)
estimates it at 503 billion barrels.  Even if just 10% of the oil
is recoverable (5 billion barrels), 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.  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.

And if THAT didn’t throw you on the floor, then this next one
should – because  it’s from 2006 !!!!!!
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 ery 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 yet?      Just more bad news on Obama’s management skills and keeping America down, while we buy oil from the Saudis, etc.


By the way, this can be verified. Check it out at the link below !!!!!!

https://www.usgs.gov/newsroom/article.asp?ID=1911

Category: Uncategorized

Comments

4 Responses to “Newly found Oil in America. Why isn’t it extracted?”

  1. Sandy Beach
    April 24th, 2014 @ 8:33 am

    The link is to an article dated 4/10/2008 about the Bakken Formation.

    Oil and gas – The Bakken has emerged in recent years as one of the most important sources of oil in the United States. Most new Bakken drilling and production has been in North Dakota, although the play also extends into Montana, Saskatchewan, and Manitoba. As of 2013, the Bakken produced more than ten percent of all US oil production. In November 2013, the US Energy Information Administration projected that Bakken production in North Dakota and Montana would exceed one million barrels per day in December 2013.[12] As a result of the Bakken, North Dakota as of 2013 is the second largest oil-producing state in the US, behind only Texas in volume of oil produced.[13]
    https://en.wikipedia.org/wiki/Bakken_formation

    Since the 2008 USGS assessment more than 4,000 wells have been drilled in the Williston Basin, the area that contains the formations.

    Seven companies now producing oil in the region provided data to the USGS about the latest technologies and recovery rates in the region, including Marathon Oil and Sinclair Oil Corp.
    https://www.reuters.com/article/2013/04/30/usa-energy-bakken-idUSL2N0DH26020130430

    the Bakken has propelled North Dakota oil production to record levels, moving the state to the position of #2 oil producer in the United States. The only state that produces more crude oil is Texas.

    The Bakken Formation has also given a major boost to the North Dakota economy and reduced unemployment in the state to very low levels. The Bakken resources is expected to be productive for decades and make a major contribution to the energy independence of the United States.
    https://geology.com/articles/bakken-formation.shtml

    Regarding the above message you posted –
    a mixture of true and false information.
    https://www.snopes.com/politics/gasoline/bakken.asp

  2. Jason
    April 24th, 2014 @ 12:18 pm

    There is such a glut of domestic oil that they’re running out of storage for it… So why are gasoline prices so high? NO NEW U.S. REFINERIES have been built here in decades. The Democrat’s EPA and environmentalists have regulated new refineries out of existence. So when you are paying outrageous prices for gasoline remember who caused the situation.

  3. Sandy Beach
    April 24th, 2014 @ 3:17 pm

    When was the last refinery built in the United States?

    There were a total of 143 operable petroleum refineries in the United States as of January 1, 2013.

    The “newest” refinery in the United States began operating in 2008 in Douglas, Wyoming. However, the newest refinery with atmospheric distillation capacity greater than 100,000 barrels per day began operating in 1977 in Garyville, Louisiana.

    Ground was broken in March 2013 for construction of a new refinery in North Dakota. The 20,000-barrel-per-day (bbl/d) Dakota Prairie facility is scheduled to be built in 20 months.

    Capacity has also been added to existing refineries through upgrades or new construction. The most recent examples include:

    In 2012, Motiva upgraded its refinery in Port Arthur, Texas, making it the largest refinery in the U.S. with a capacity of 600,250 barrels per calendar day.
    In 2009, Marathon upgraded its Garyville, Louisiana refinery. As of January 1, 2013, the capacity is more than double its original 1977 capacity.
    The newest refineries currently operating in the United States are as follows: (see list at link) https://www.eia.gov/tools/faqs/faq.cfm?id=29&t=6

    https://www.eia.gov/tools/faqs/faq.cfm?id=607&t=6

  4. Uncle Charles
    April 24th, 2014 @ 3:57 pm

    This is all correct, as it relates to OUR untapped oil wealth!

    And…Stansberry discussed this in recent years! And…

    Stansberry is the one that has discussed, recently, about the dollar problem America is going to have beginning July 1st…with what the House has done, to vote for something that is supposed to destroy (in time) our dollar and our functioning to keep ourselves “afloat!”

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