Has anybody seen this, worlds largest oil find

[drivesafe]

Is this fact or or pure internet fiction?

OIL - You better be sitting down when you read this!!!!!!

As you may know, Cruz Construction started a division in North Dakota about 6 months ago.

They sent every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers.

They just bought two new Kenworth’s to add to that fleet; one being a Tri-Drive tractor and a new 65 ton lowboy to go with it.

They also bought two new cranes (one crawler and one rubber tired) for that Division.

Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years.

Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available.

Unemployment in ND is the lowest in the nation at 3.4 percent last I checked.

See anything in the national news about how the oil industry is fueling North Dakota ’s economy?

Here's an astonishing 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 a 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..."

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 (5 Billion barrels), 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 Bakker’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 2,041 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 Stanberry 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 motherland 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 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 everyone in your address book.

By the way, this can be verified. Check it out at the link below.
USGS Release: 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate— (4/10/2008 2:25:36 PM) >

Cruz Construction:
Cruz Construction, Inc. Alaska | Oil Field Services




--

[Slunnie]

Hopefully that oil stays in the ground. I doubt the worlds environment will handle its consumption considering pollution since the Industrial Revoluton is already killing it.

[Jonno007]

I believe (and this is my opinion which I am happy to be challenged on) there is oil reserves all over the world like this but if we were to drill into them and start producing more oil than the world needs it would no longer be as profitable to oil companies and the governments because they would have to drop the price of fuel significantly which is the back bone of economies around the world. An oversupply will do more damage to countries environmentally And economically. If America stopped importing oil from other countries then those countries would suffer and likewise if America exported their huge more than they need oil, those buying countries would suffer. Actually I reckon it would all turn to **** and world war 3 would break out.

[JDNSW]

This is correct, although note that the report refers to "technically recoverable" rather than economically recoverable oil. And the $16 per barrel would be suspect. The new technology is not particularly cheap.

However, the USA has, in the last four years or so changed from a large energy importer to a net exporter, largely of gas. This is partly the result of the financial downturn and energy saving, but mainly due to the rise of unconventional oil and gas on the back of new technology and high oil prices. People forget that the amount of availabe oil (or anything else) goes up as the price rises, because it becomes financially viable to produce more expensive stuff - called "supply and demand".

John

[KCJones]

Ah makes me chuckle. There are huge reserves of coal, gas and oil nearly everywhere globally. As stated it all comes down to the amount of money you want to spend getting it, what we call "economically viable deposits"

I have worked on getting coal out of previously uneconomical seams and deposits in many mines across QLD. When the price is right you can have anything you want. Put the price up enough and you could reopen the coal mines on North Wales, 1000m down.

I agree that the oil should stay where it is. Last thing the world needs is an autonomous America....

[incisor]

Last thing the world needs is an autonomous America....

why would that be?

[goingbush]

why would that be?

Gold , love it.

[bob10]

No ones told this mob, check Canada out, Bob

Oil - proved reserves - Country Comparison - Mundi


Oil - proved reserves - Country Comparison

• Cached

Mother (Russia) lode: Vast extent of oil, gas reserves revealed for first time. RT - 7/12/2013 2:06:27 PM The country's recoverable oil reserves in the C1 category ...

[bob10]

And then there is this, Bob [ note that if the upper end estimates are correct, the Arckaringa basin will be 6 times larger than the Bakken, 17 times the Marcellus, and 80 times Eagle Ford US shale oil deposits. These are US Government Energy Information administration reports]

Mineral Rich Australia May Contain World’s Next Major Oil Find
The economic choice - 7/23/2013 10:25:49 AM
Australia’s massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely. The U.S. government’s Energy Information Administration noted in its country’s analysis for Australia, “Australia, rich in ...

[Cobber]

When the price is right you can have anything you want.

That sums up everything really.

On the plus side, even though we are unlikely to end up with cheap oil at least we can still drive around our beloved motorcars for the rest of our lifetimes!

... unless Governments tax the hell out of it, which is likely in some of our lifetimes