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GEOKARJO 
Google This!!!
Group: Members
Posts: 7507
Joined: Aug. 2003
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Posted on: Jul. 02 2008,4:54 pm |
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Deep in the heart of America's Badlands, the greatest wealth boom in decades is fast - and secretly - underway.
To get right to the point...
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.
http://gettopstocks.blogspot.com/2008....ry.html
http://www.energyandcapital.com/articles/bakken-oil-formation/578
http://www.wallstreet-online.de/diskuss....history
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Despite the old saying, 'Don't take your troubles to bed', many men still sleep with their wives.
http:\\www.web-room.net
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Common Citizen
Group: Members
Posts: 3401
Joined: Jul. 2006
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Posted on: Jul. 02 2008,5:00 pm |
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It is true...
The strib did a story a few days ago on a couple that recently became millionaire's because of an oil strike on their land...and there are others that are also finding oil about 2 miles deep....I think they said "miles"
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In a civil society, the individual is recognized and accepted as more than an abstract statistic or faceless member of some group: rather, he is a unique, spiritual being with a soul and a conscience.
In a civil society, private property and liberty are inseparable.
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GEOKARJO
Google This!!!
Group: Members
Posts: 7507
Joined: Aug. 2003
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Posted on: Jul. 02 2008,5:10 pm |
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I read there is stock options for a company who is doing horizonal drilling which will make it more affordable and the oil is sweet thin not requiring very much refining.
QUOTE 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!
QUOTE The other 2 Bakken companies I've uncovered are true "wildcatter" plays... with the potential to return investors 100-to-1 on their money. They currently both trade at roughly $9 a share, having jumped from $7 and $5... just within the past couple of weeks.
Amazingly, this monumental oil discovery - and these 3 companies - have remained a secret.
QUOTE Getting oil out of the Bakken is not a matter of poking a hole in the ground until you hit a soft spot full of oil - which is the old vertical drilling technique.
The Bakken is woven with rocks, and that rock-layer is wide but very thin. Thin enough that vertical drilling is horribly unsuccessful.
It was Findley's idea to drill a well sideways - a technique called "horizontal directional drilling," in which wildcatters drill down to the oil and then kick out their well thousands of feet to the left or right.
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Despite the old saying, 'Don't take your troubles to bed', many men still sleep with their wives.
http:\\www.web-room.net
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GEOKARJO
Google This!!!
Group: Members
Posts: 7507
Joined: Aug. 2003
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Posted on: Jul. 02 2008,5:12 pm |
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Here what the devise looks like
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Despite the old saying, 'Don't take your troubles to bed', many men still sleep with their wives.
http:\\www.web-room.net
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Common Citizen
Group: Members
Posts: 3401
Joined: Jul. 2006
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Posted on: Jul. 02 2008,5:28 pm |
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Who are the companies drilling up there...maybe I'll move for the right job...
Better yet...maybe I'll move my business up there...low cost of living...serving families with new found wealth...farther away from a state I love but has increasingly become more and more socialist...hmmmm... 
Here is a list of organizations that want to keep us dependent on OPEC. Do with it what you may...
Susan Casey-Lefkowitz and Melanie Nakagawa
Natural Resources Defense Council
1200 New York Ave, N.W., Suite 400
Washington, D.C. 20005
Tel: (202) 289-2366
Emails: ; mnakagawa@nrdc.org
Ed Cable
31992 Highway 11
Elk Point, South Dakota 57025
Save Union County Committee
Save Our Siouxland Coalition,
Citizens Opposed to Oil Pollution
Tel: (712) 899-2372
Email:
Carrie La Seur and Jana Linderman
Plains Justice
100 1st St SW
Cedar Rapids, IA 52404
Tel: (319) 362-2120
Emails: claseur@plainsjustice.org;
Lynn Wolff and Janie Capp
Dakota Resource Council
PO Box 1095
Dickinson, ND 58602
Tel: (701) 298-8685
Email: lynn@drcinfo.com
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In a civil society, the individual is recognized and accepted as more than an abstract statistic or faceless member of some group: rather, he is a unique, spiritual being with a soul and a conscience.
In a civil society, private property and liberty are inseparable.
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usmcr
Group: Members
Posts: 694
Joined: Sep. 2003
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Posted on: Jul. 02 2008,7:24 pm |
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Wow, talk about an overestimate.
The USGS numbers don’t add up to anything more than a modest find. The real Saudi Arabia has an estimated 250 billion barrels of oil. That’s 62 times the Bakken’s reserves. While Iraq boasts about 220 billion barrels.
Further, the estimated 4.3 billion barrels of oil are equivalent to only about nine months of oil consumption in America. And just one month of global consumption, reports Peak Energy.
That’s it.
And that assumes being able to recover all of it. Not easy. From The Toronto Star:
Now, let's consider the nature of the Bakken oil. It doesn't sit in big underground pools where you can just pop in a metal straw and suck it out. This oil is trapped in layers of shale – a sedimentary rock – up to 3,000 metres deep. Getting at it is expensive and difficult, and certainly damaging to the surrounding landscape and environment.
gleaned this from an article about the so called find! from the sounds of the above article it sounds like to much for so little.
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"Do not confuse dissent with disloyalty" Edward R Murrow
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| Post Number: 10
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All of the oil in this country, and you wonder why there is a shortage? 
