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Oil: Gas Prices,.: The Bakken Formation: Commentary,.

----- Original Message -----

From: Jim Jones

To: Tom

Sent: Thursday, July 24, 2008 6:24 PM

Subject: Re: The Bakken Formation

 

Oil, oil everywhere!!!!!

 

Did you hear Lindsey William's on Rense Tuesday night?

 

He claims that "they" are getting ready to flood the market with oil to bring the price down and bankrupt the Arabs.

 

This will cause the Arabs to drop the dollar and cause it's total collapse... forcing the AmeriKKKan's to accept the Amero. The secret is out... oil is NOT a non-renewable resource and we have all been had.

 

Over the last two years, everybody and his brother has announced that they have huge oil deposits.

 

Lindsey was recently contacted by one of his old friends from his oil business days who warned him that he was going to be killed if he kept on "preaching" the truth about peak oil. Lindsey has since shut down his web site and quit giving away his free cd's. He is going back to being a pastor full-time.

 

He also said that "they" had chosen John McCain as their choice for President and that "they" are planning to pull something big before the "2008 selection" to make sure that he is elected.

Here is the link to his old web site: http://www.lwoil.com/

 

- Jim

 

---- Original Message -----

From: Tom

To:

Sent: Thursday, July 24, 2008 5:51 PM

Subject: The Bakken Formation

The Bakken Formation

See: http://en.wikipedia.org/wiki/Bakken_Formation

1.  Have you ever heard of the Bakken Formation?  GOOGLE it.  The

U.S.

Geological Service issued a report in April ('08) that only scientists and oilmen knew was coming. Man, was it big!  It was a revised report (It 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 this country now has 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 to the floor, then this next one should, because it's from TWO YEARS AGO!

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, and has more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. What is going on?

 

They reported this stunning news:  The

United States

have more oil inside their 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 have not DEMANDED Legislation out of the Congress in

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.

----

So, you don't you 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 yet?  Hope so! Now, while you're thinking about it ... and hopefully you’re pissed off, do this:

3.  Take 5-10 minutes and compose a fax or write a good old-fashioned letter to the elected officials in Washington D.C., and their respected leaders. 

We'll start with them. You can send your elected Congressmen a letter,  or fax, DEMANDING the immediate Legislation for an Energy Plan. Mention that this plan should call for tapping into the

U.S.

Petroleum Reserves, as well as allowing for drilling in the

U.S.

offshore waters and

U.S.

Continental Shelf, not to mention

Alaska

.

Technology is not what it used to be. Have you ever had arthroscopic surgery? They can "surgically" extract the oil, and get us on the way to at least some measure of energy independence.

If 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! 

July 24, 2008 in Current Affairs | Permalink

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