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BillyVance

Oil in the Dakotas and Montana

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I got this via email, and I did check this out on Snopes and there was nothing there on this so I do not know if there is any truth to it. Actually some parts may be true. I just don't know if it is dead on in its entirety, so take this with a grain of salt. If anybody has more definite info, please post it.

I was just wondering if we actually have all this oil and why are we waiting to use it. If this is legit, we could be a superpower for decades after the rest of the world has used up their dependence on middle-east oil. On the other hand, most of the middle east's oil I would think, are extracted fairly easy from desert land, whereas in the regions mentioned in the US, are in difficult mountainous/hilly terrain and could be costly to produce??? I dunno?




Ever heard of the Bakken Formation? GOOGLE it. I did, and again, BLEW my mind. The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen/women 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 sizeable 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, 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.

[(???) What the!??]

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 we've not D E M A N D E D Legislation to come out of Washington allowing its extraction, that's 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 'Big Oil' will drop its price - even with this find? Think again! It's all about the competitive marketplace, and if they can extract it (here) for less, they can afford to sell it for less - and if they DON'T, others will. It will come down - 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 5-10 minutes and compose an e-mail; fax or good old-fashioned letter to our elected officials in Washington... And their respected leaders. We'll start with them, and here's how you can send them your e-mail/fax, DEMANDING the immediate Legislation/an Energy PLAN that calls for tapping into these (OUR OWN!) Reserves, as well as allowing for the offshore drilling for OUR oil, in OUR offshore waters and Inter-continental shelf .. Not to mention Alaska. Technology ain't what it used to be people (ever had arthroscopic surgery?). They can surgically extract OUR oil, and get us on the way to at least some measure of Energy independence.

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.
"Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban

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I replied to HairyJuan's posts on Bakken reserves here.



First, the intent is not to replace all the oil imported. There would be no need to even if this was possible. Reason, Canada and Mexico oil would continue to be imported.

10 to 20% of current "product", not crude oil, refined product, is imported in maninly the form of gas. It is refined somewhere else and brought in by ship> (I think is is closer to 10%). Reasons? Environmental restrictions in place for both drilling and manufacturing.

The reserves posted about here could offset that importing and, I would think that supplying 10% of our product using our own oil and refining WOULD have an impact. And conservativly, this is reported to have have an impact of nearly 60 years.

So, while the report may be misleading (in your mind) it not any more "misleading" than the context or your reply here.

As for the fossil fuel bs? Nothing there, move on.
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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I replied to HairyJuan's posts on Bakken reserves here.



First, the intent is not to replace all the oil imported. There would be no need to even if this was possible. Reason, Canada and Mexico oil would continue to be imported.

10 to 20% of current "product", not crude oil, refined product, is imported in maninly the form of gas. It is refined somewhere else and brought in by ship> (I think is is closer to 10%). Reasons? Environmental restrictions in place for both drilling and manufacturing.

The reserves posted about here could offset that importing and, I would think that supplying 10% of our product using our own oil and refining WOULD have an impact. And conservativly, this is reported to have have an impact of nearly 60 years.

So, while the report may be misleading (in your mind) it not any more "misleading" than the context or your reply here.



The Bakken region is being drilled. There just isn't enough oil there to have a significant effect on the world market. There aren't trillions of barrels of reserves as being claimed by some.

Quote

As for the fossil fuel bs? Nothing there, move on.



You might try reading the science regarding that topic before you make such outlandish claims.
Math tutoring available. Only $6! per hour! First lesson: Factorials!

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You might try reading the science regarding that topic before you make such outlandish claims.



I am not the one making any claims. I am only responding to those that are.
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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Sounds cool! Unfortunately, like many such emails, it's more hype than truth. Some details:

>The Energy Information Administration (EIA) estimates it at 503 billion barrels.

Not quite. Estimates of TOTAL oil range from 200 to 500 billion barrels. Estimates of RECOVERABLE oil using BACT (best available commercial technology) are around 3.5 billion barrels. It is a very difficult formation to drill; the rock is not porous and the oil is not very mobile.

>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.

That's just made up.

>HOW can this BE!? HOW can we NOT BE extracting this!?

We are. There are over 500 wells in the area, and more are being drilled all the time.

>8-times as much oil as Saudi Arabia

Saudi Arabia has approx 250 bbl declared reserves. That's recoverable oil. So the Bakken deposits are about 1.4% of Saudi Arabia's.

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Thanks for the info. I guess it's a relatively new email going around that Snopes hasn't picked it up yet. I'm going to forward it to them.
"Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban

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You might try reading the science regarding that topic before you make such outlandish claims.



I am not the one making any claims. I am only responding to those that are.



Those who are making claims have been supporting their claims with credible scientific data. Those who keep crying "BS!" in response to their GW claims have generally been doing so without any credible evidence to support an alternative explanation of observed phenomena. Their denials have (largely) themselves become outlandish claims.
Math tutoring available. Only $6! per hour! First lesson: Factorials!

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Thanks for the info. I guess it's a relatively new email going around that Snopes hasn't picked it up yet. I'm going to forward it to them.



With all the BS that gets spread via viral emails, even Snopes can't check it all. ;)
Math tutoring available. Only $6! per hour! First lesson: Factorials!

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>10 to 20% of current "product", not crude oil, refined product, is
>imported in maninly the form of gas.

Incorrect. We export far more gasoline than we import. (We export 1.7 million barrels a day, import .4 millon barrels a day as of Apr 2008)

>The reserves posted about here could offset that importing and, I would
>think that supplying 10% of our product using our own oil and refining
> WOULD have an impact. And conservativly, this is reported to have have
>an impact of nearly 60 years.

If we replaced 10% of our oil usage with Bakken oil, it would last 4.7 years. However, we cannot pump it out that rapidly due to the previously mentioned problems.

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You might try reading the science regarding that topic before you make such outlandish claims.



I am not the one making any claims. I am only responding to those that are.


Those who are making claims have been supporting their claims with credible scientific data. Those who keep crying "BS!" in response to their GW claims have generally been doing so without any credible evidence to support an alternative explanation of observed phenomena. Their denials have (largely) themselves become outlandish claims.

You are incorrect yet again. The "data" you have (claim to have) is loose at best.

You make claims on that where you would have everyone change to meet your OPINIONS.

There todate, is not scientic experiment that supports your outlandish claim.

You know your claim basicly says that breating polutes. :D
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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You are incorrect yet again. The "data" you have (claim to have) is loose at best.



No matter how many times you make such uninformed statements, they are still false.
Math tutoring available. Only $6! per hour! First lesson: Factorials!

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You are incorrect yet again. The "data" you have (claim to have) is loose at best.



No matter how many times you make such uninformed statements, they are still false.


Same old liberal stance, I know better than you, type statements

:D
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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You are incorrect yet again. The "data" you have (claim to have) is loose at best.



No matter how many times you make such uninformed statements, they are still false.


Same old liberal stance, I know better than you, type statements

:D


Sigh. :S
I've said this before, and I'll say it again: if the best you've got to offer is to barf out the word "Liberal" like it's some kind of catch-all pejorative, you ain't got jack. Not around here, at least.

This ain't no party
This ain't no disco
This ain't no foolin' around

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>Same old liberal stance, I know better than you . . .

In this case, he does. A partisan slam within a fact-free post don't really change that.



As soon as some facts come from the other side I will take your post seriously. Until then you have to live with it.

(and your data to data comparisons and conclusions are not facts)
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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You are incorrect yet again. The "data" you have (claim to have) is loose at best.



No matter how many times you make such uninformed statements, they are still false.


Same old liberal stance, I know better than you, type statements

:D


Sigh. :S
I've said this before, and I'll say it again: if the best you've got to offer is to barf out the word "Liberal" like it's some kind of catch-all pejorative, you ain't got jack. Not around here, at least.

This ain't no party
This ain't no disco
This ain't no foolin' around


And I say over and over again, until I stop hearing the consensus crap and the "CO2 is a green house gas, man makes CO2, ah, the planet is getting warmer and since there is more CO2 then, man is causeing the warming" line, I will keep calling you on your "I know I am right" statements.

Sorry you dont like getting called on it.
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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>(and your data to data comparisons . . . are not facts)

The RushMC post of the decade, right there.



:D
Glad you liked it!
:D
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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Incorrect. We export far more gasoline than we import. (We export 1.7 million barrels a day, import .4 millon barrels a day as of Apr 2008)



From http://tonto.eia.doe.gov/oog/info/twip/twip.asp

Table 1. 2007 U.S. Supply and Disposition of Finished Motor Gasoline
(thousand barrels per day)
a. Production 8,989
b. Refinery and Blender 8,344
c. Refinery 5,111
d. Blender 3,232
e. Adjustment 645
f. Blending Components 569
g. Fuel Ethanol 76
h. Imports 406
i. Stock Change -23
j. Exports 127
k. Product Supplied 9,290
Source: Energy Information Administration, Petroleum Supply Monthly, February 2008, Table 4.

Now that seems to show you import much more gasoline than you export.
Dave

Fallschirmsport Marl

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Incorrect. We export far more gasoline than we import. (We export 1.7 million barrels a day, import .4 millon barrels a day as of Apr 2008)



From http://tonto.eia.doe.gov/oog/info/twip/twip.asp

Table 1. 2007 U.S. Supply and Disposition of Finished Motor Gasoline
(thousand barrels per day)
a. Production 8,989
b. Refinery and Blender 8,344
c. Refinery 5,111
d. Blender 3,232
e. Adjustment 645
f. Blending Components 569
g. Fuel Ethanol 76
h. Imports 406
i. Stock Change -23
j. Exports 127
k. Product Supplied 9,290
Source: Energy Information Administration, Petroleum Supply Monthly, February 2008, Table 4.

Now that seems to show you import much more gasoline than you export.



thanks for finding this. I did not have the time when he posted.
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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Bill, I'm pretty sure Rush has proven the existence of God, and that he loves America.

Why else would he have hidden more than half of the world's oil right in the middle of our lands?

You just have to have faith to see it, and use it.



HHmmmmm
Counter to the man made global warming religion?
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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