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Posts Tagged ‘oil reserves’

OIL, OIL and MORE OIL! AMERICA HAS MORE THAN ANY OTHER NATION!

January 26, 2011 3 comments

OIL—you better be sitting down when you read this ! !

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 host said to Forbes, “I am going to ask you a direct question and I would like a direct answer;  how much oil does the U.S. have in the ground?”  Forbes did not miss a beat, he said, “more than all the Middle East put together.”  Please read below.

The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big.  It was a revised report (hadn’t been updated since 1995) 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. Read more…