Better Fill up today

[DanCookson]

March-09 Crude is trading at $41.58.

[Catwoman]

LOL on your post, Warph!    Hope Frank's OK...haven't read him in awhile.  Thanks for the info, Dan...It's interesting to follow the rise and fall of those prices.

[DanCookson]

March-09 Crude is trading at $41.35.

[DanCookson]

March-09 Crude is trading at $42.74.

[Catwoman]

Didn't someone post something like this previously?  I tried to go back in the thread but couldn't find it...this is a very interesting read...

OIL!?!?!?



 

GOOGLE it or follow this link.  It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911

The U. S. Geological Service issued a report in April ('08) that only scientists and oil men knew was coming, but man was it big.  It was a revised report (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 fore ign 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.'  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 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 41 years straight.

2. And if THAT didn't throw you on 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 is more than 2 TRILLION barrels.  On August 8, 2005 President Bush mandated its extraction.

They reported this stunning news:  We have more oil inside our borders, than all the other proven reserves on earth.


Here a re 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!

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.
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Got your attention/ire up yet?  Hope so!  Now, while you're thinking about it ... and hopefully P.O'd, do this:

3. Pass this along..   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.

[pam]

  http://tonto.eia.doe.gov/ftproot/features/ngshock.pdf

The Williston/Bakken is oil shale....this explains some of the problems involved with gettin the oil out. It's "technically" recoverable. Not necesarily economical for the oil companies. It's not sittin there in a big pool, it has to be extracted from the shale.

[srkruzich]

  http://tonto.eia.doe.gov/ftproot/features/ngshock.pdf

The Williston/Bakken is oil shale....this explains some of the problems involved with gettin the oil out. It's "technically" recoverable. Not necesarily economical for the oil companies. It's not sittin there in a big pool, it has to be extracted from the shale.

Actually the facilities are already there to extract it.  Its been built. It was in operation in 1984. So there is no long timeframe to startup extraction and no real cost associated with building the infrastructure.   They just shut it down and mothballed it.

[pam]

 yeah I know but it's a problem keepin the wells fron collapsin and pluggin up. Too much pressure from the weight.....

[DanCookson]

March-09 Crude is trading at $40.44.

[Catwoman]

Talked to Frank today...he's doing fine.  Just pursuing some other interests...I told him he was missed.