200 Billion Barrels Of Oil That Could Make The U.S. Energy Independent

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Mar 292008
 


If this is true, try and force me to put corn in my gas tank. Next Energy News is reporting of a massive oil field in the Bakken Formation Reserve of North Dakota, South Dakota and Montana. Estimates range from 100 billion to 500 billion barrels of oil. That could produce enough oil to make us energy independent for decades.

Massive Oil Deposit Could Increase US reserves by 10x


America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.


Pelosi And Other Democrat Allies Of Al Qaeda Attempting To Cut U.S. Military Supply Lines

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Oct 162007
 

It is sabotage. Make no mistake about it and Thomas Sowell sums it up.

You will also be paying more at the pump thanks to these corrupt phony anti American traitors.

Thanks, Democrats! Oil price rises with US-Turk tensions.

Sabotage in Wartime.


With all the problems facing this country, both in Iraq and at home, why is Congress spending time trying to pass a resolution condemning the massacre of Armenians in the Ottoman Empire nearly a century ago?

Make no mistake about it, that massacre of hundreds of thousands — perhaps a million or more — Armenians was one of the worst atrocities in all of history.

As with the later Holocaust against the Jews, it was not considered sufficient to kill innocent victims. They were first put through soul-scarring dehumanization in whatever sadistic ways occurred to those who carried out these atrocities.

Historians need to make us aware of such things. But why are politicians suddenly trying to pass congressional resolutions about these events, long after all those involved are dead and after the Ottoman Empire in which all these things happened no longer exists?

The short answer is irresponsible politics.

People of Armenian ancestry in the United States and around the world are justifiably outraged at what happened in the Ottoman Empire — and at subsequent governments in Turkey which have refused to acknowledge or accept historical responsibility for the mass atrocities that took place on their soil.

But the sudden interest of congressional Democrats in this issue goes beyond trying to pick up some votes.

They want a resolution to condemn what happened as “genocide” — a word that provokes instant anger among today’s Turks, since genocide means a deliberate government policy aimed at exterminating a whole people, as distinguished from horrors growing out of a widespread breakdown of law and order in the Ottoman Empire during the First World War.

These are issues of historical facts and semantics best left to scholars rather than politicians.

If Congress has gone nearly a century without passing a resolution accusing the Turks of genocide, why now, in the midst of the Iraq war?

It is hard to avoid the conclusion that this resolution is just the latest in a series of congressional efforts to sabotage the conduct of that war.

Large numbers of American troops and vast amounts of military equipment go to Iraq through Turkey, one of the few nations in the Islamic Middle East that has long been an American ally.

Turkey has also thus far refrained from retaliating against guerrilla attacks from the Kurdish regions of Iraq onto Turkish soil. But the Turks could retaliate big time if they chose.

There are more Turkish troops on the border of Iraq than there are American troops within Iraq.

Turkey has already recalled its ambassador from Washington to show its displeasure over Congress’ raising this issue. The Turks may or may not stop at that.

In this touchy situation, why stir up a hornet’s nest over something in the past that neither we nor anybody else can do anything about today?

Japan has yet to acknowledge its atrocities from the Second World War. Yet the Congress of the United States does not try to make worldwide pariahs of today’s Japanese, most of whom were not even born when those atrocities occurred.

Even fewer, if any, Turks who took part in attacks on Armenians during the First World War are likely to still be alive.

Too many Democrats in Congress have gotten into the habit of treating the Iraq war as President Bush’s war — and therefore fair game for political tactics making it harder for him to conduct that war.

In a rare but revealing slip, Democratic Congressman James Clyburn said that an American victory in Iraq “would be a real big problem for us” in the 2008 elections.

Unwilling to take responsibility for ending the war by cutting off the money to fight it, as many of their supporters want them to, congressional Democrats have instead tried to sabotage the prospects of victory by seeking to micro-manage the deployment of troops, delaying the passing of appropriations — and now this genocide resolution that is the latest, and perhaps lowest, of these tactics.