Re: [CAD_CAM_EDM_DRO] FW: FW: OIL - you better sit down

Wow that's off topic for a CAD/CAM forum...

http://www.snopes.com/politics/gasoline/bakken.asp

It's mostly a hoax. The oil quantity stated for Bakken is grossly
inflated- and it's mostly unrecoverable. What is technically
recoverable is very difficult/expensive to recover- oily, impermeable
rock. A hole drilled into it will not allow the oil from a large area
to drain into the pipe, even if pumped. There's not a lot of hope for
practical technology that will just magically make the oil flow through
rock.

Estimates of oil which are technically recoverable today- but not
necessarily economical with a $70-$80 barrel market- are in the 2-4
billion barrel range. The 500 billion barrel thing was thrown out there
by one researcher in 1999, it was not peer-reviewed for scientific
credibility at the time, and it's totally discredited now.

Danny

Bob Campbell wrote:

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> From: nodroglaguod@... [mailto:nodroglaguod@...]
> Sent: Friday, December 11, 2009 12:41 PM
> To: Bob Campbell; mark dougal; Dann Dougal; art; harrison dougal; Jerold Dougal; pattie young
> Subject: Fwd: FW: OIL - you better sit down
>
>
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>
> --- Begin forwarded message:
>
> From: Allen Dougal <alandkaye@...>
> To: jack bowland <jackbowland@...>, James Wisher <jcwisher@...>, Kenneth Dougal <krdougal@...>, Gordon Dougal <nodroglaguod@...>, Joe Hanlon <joehanlon1@...>, Bill Camp <billcamp@...>, Artie Dorris <ark7101@...>, SHERI BLACKER JIM <jamesblacker@...>
> Subject: FW: OIL - you better sit down
> Date: Thu, 10 Dec 2009 16:04:00 -0700
>
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>
> _____
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> To: sbarrutia@...; Flbush@...; judithccolecpa@...; alandkaye@...; Dontmkr@...; Elnutzo@...; Raselokj@...; Tammy-How@...; Lilylightwks@...
> Subject: FW: OIL - you better sit down
> Date: Thu, 10 Dec 2009 16:30:58 -0500
> From: philmgoodrich@...
>
> Subject: FW: OIL - you better sit down
>
>
>
>
>
>
> 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 aformation
> 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.
>
> --------