OIL ?

NOVA

U. S. NAVY Veteran
Here's an interesting 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.

"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.' 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 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 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 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.

--------

Now I just wonder what would happen in this country if every one of you
sent this to every one in your address book.

By the way...this is all true. Check it out at the link below!!!

GOOGLE it, or follow this link. It will blow your mind.

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

Well, thanks for posting an uncredited chain email, which happened to have a link to USGS embedded in it.

It’s always hilarious to read shit written by high school dropouts who don’t have the foggiest freaking clue about the oil industry.

Your little chain emailer totally bungled his facts. I actually read the USGS assessment. There isn’t “2 trillion barrels” of recoverable oil there. Your chain emailer either made up that number out of whole cloth, or its an estimate of the total in place resource; OIP.

OIP isn’t a measure of how much oil can be actually recovered.

The USGS estimate was of about 3.65 billion barrels UTRR resources.

Ummm, that’s about one percent of the size your chain emailer claimed

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?

Because UTRR reserves are what are technically recoverable, if we had unlimted money to invest to recover, and if profit wasn’t a concern.

UTRR isn’t a measure of what can economically be extracted.

Given that this is a paleozoic shale formation, economic recovery rates will be extremely low. It will be expensive to drill, and the drainage volumes and areas are likely to be low. They can try fracturing the shale, but it’s still gonna have low recovery rates. Horizontal drilling might help, but it's still a bitch to economically produce oil from shale. Good clean sands rarely have oil recovery rates of more than 50 to 70 percent, depending on numerous factors. A well compacted and fine grained shale, I doubt you could recover more than a few percent of the in place oil. So the 3 billion UTRR reserves isn't even a correct assessment of economically recoverable reserves. USGS doesn't do an assessment of economically recoverable reserves, but my educated guess is that, at best, your talking about a couple hundred million barrels of oil recovery from that shale. Assuming you can get fracture porosity and sink some horizontal wells in there. That's about ten days of oil for the united states, based on our national daily consumption.

So, the short version is that you were duped by a chain email which you didn’t provide the link to, and the author of the chain email totally bungled what the scientists at USGS reported.


Thanks for the laughs, man!
 
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OK so their's 3,000,000,000 barrels democrats don't want access to because it's a POLITICAL FOOTBALL!!!!
 
Here's an interesting 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.

"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.' 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 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 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 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.

--------

Now I just wonder what would happen in this country if every one of you
sent this to every one in your address book.

By the way...this is all true. Check it out at the link below!!!

GOOGLE it, or follow this link. It will blow your mind.

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

The numbers are off above... the Green River Formation is mostly shale... while it is estimated at 1.5 to 1.8 trillion barrels, only 800 billion are estimated recoverable. Still a significant amount, but we do not yet possess the technology to extract even the 800b in an economically viable way. They are working on it... but we are probably 10-15 years (at least) away from producing the Green River site at a pace greater than 1-2 million brls per day.

that will be a plus as that is currently about 10-20% of our imports per day... but it is a ways off.

We would be better served by combining increased R&D in this area with a concerted effort to shift to alt/cleaner energy sources.

Nat gas tech is ready today... though we need the infrastructure built out... converting transportation over to nat gas will eliminate our dependency on foreign oil. Though we will need to get the government to increase production of our own nat gas reserves.

algae based biofuels technology is also ready and economically viable... but it is probably 3-5 years before the sites can be built out enough to provide an impact.
 
Anyone see the guest on The Daily Show last night. He has produced a documentary that shows how the use of water to fracture pockets of natural gas. It has pushed a ton of natural gas into the water table in alot of places. This one guy on the show was letting his faucet run with a lighter next to it and suddenly there was a huge flare up from natural gas coming out of his faucet. It was pretty interesting.
 
Anyone see the guest on The Daily Show last night. He has produced a documentary that shows how the use of water to fracture pockets of natural gas. It has pushed a ton of natural gas into the water table in alot of places. This one guy on the show was letting his faucet run with a lighter next to it and suddenly there was a huge flare up from natural gas coming out of his faucet. It was pretty interesting.

did not see it... do you recall the guys name that did the documentary?
 
Well, thanks for posting an uncredited chain email, which happened to have a link to USGS embedded in it.

It’s always hilarious to read shit written by high school dropouts who don’t have the foggiest freaking clue about the oil industry.

Your little chain emailer totally bungled his facts. I actually read the USGS assessment. There isn’t “2 trillion barrels” of recoverable oil there. Your chain emailer either made up that number out of whole cloth, or its an estimate of the total in place resource; OIP.

OIP isn’t a measure of how much oil can be actually recovered.

The USGS estimate was of about 3.65 billion barrels UTRR resources.

Ummm, that’s about one percent of the size your chain emailer claimed



Because UTRR reserves are what are technically recoverable, if we had unlimted money to invest to recover, and if profit wasn’t a concern.

UTRR isn’t a measure of what can economically be extracted.

Given that this is a paleozoic shale formation, economic recovery rates will be extremely low. It will be expensive to drill, and the drainage volumes and areas are likely to be low. They can try fracturing the shale, but it’s still gonna have low recovery rates. Horizontal drilling might help, but it's still a bitch to economically produce oil from shale. Good clean sands rarely have oil recovery rates of more than 50 to 70 percent, depending on numerous factors. A well compacted and fine grained shale, I doubt you could recover more than a few percent of the in place oil. So the 3 billion UTRR reserves isn't even a correct assessment of economically recoverable reserves. USGS doesn't do an assessment of economically recoverable reserves, but my educated guess is that, at best, your talking about a couple hundred million barrels of oil recovery from that shale. Assuming you can get fracture porosity and sink some horizontal wells in there. That's about ten days of oil for the united states, based on our national daily consumption.

So, the short version is that you were duped by a chain email which you didn’t provide the link to, and the author of the chain email totally bungled what the scientists at USGS reported.


Thanks for the laughs, man!

Well, of course, like the asshole you are, you read but you don't understand what or you mis-state and mis-characterize what you read...or extrapolate what IS claimed to something that ISN'T even close to the real words of the article or post...

I said the article was interesting, and the topic, OIL?, is self explanatory...you are familiar with the "question mark"

I didn't claim it was an economic viable evaluation of recoverable oil ......reserves....nor did the email itself.
It wasn't meant to explore the feasibility of getting the oil to market
It wasn't a essay on the oil industry
It wasn't a paper on how much profit could be realized
It wasn't a discussion of vertical, versus, horizontal drilling
It wasn't about the geology of shale, fine grain sand or anything else
....
It was about an assessment of how much oil is within our own borders....
It was about why we aren't at least trying to utilitze your own resources
It did refer the reader to USGS and advised the reader to 'see for yourself" what the article says and claims....

If you, asshole, have a problem with the USGS claims or what the article says, that it up them....
Have a nice day, you fuckin' peckerhead.
 
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The numbers are off above... the Green River Formation is mostly shale... while it is estimated at 1.5 to 1.8 trillion barrels, only 800 billion are estimated recoverable. Still a significant amount, but we do not yet possess the technology to extract even the 800b in an economically viable way. They are working on it... but we are probably 10-15 years (at least) away from producing the Green River site at a pace greater than 1-2 million brls per day.

I was familiar with thge Green River estimates ( 1.5 to 1.8 trillion barrels), close enough to the 2 trillion claimed in the email, so I didn't make an issue out of it....unlike Sir Cypress the Peckerhead, I realize the figure was an estimate of total oil and not a claim of 'recoverable' oil, or even if it was economically viable, etc....
and again, unlike Sir C the P....I passed "Reading Comprehension" with honors
 
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