Massive Oil Deposit Could Increase US reserves by 10x

[Xenia]

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.
http://www.nextenergynews.com/news1/next-energy-news2.13s.html

It's nice to get some good news once in awhile! I think we are in need of more refineries though..

[kluchar70]

Thanks for the report. It is nice to have good news once in a while.

[Tamera]

The enviormentalists will probably keep us from drilling though. They usually do.

[Ransom v. Unman]

Or maybe we could pour that money into alternative energy research instead of a limited and destructive fossil fuels that'll be burnt away in a matter of years anyway?

I feel a little skeptical about this claim, too, as most oil from the Midwest/Plains has already been tapped. There's not much to ruin out there (no offence), so I don't really see the environmentalists getting up in arms about this.

Are there any third party sources that can verify this speculation?

[righter1]

Or maybe we could pour that money into alternative energy research instead of a limited and destructive fossil fuels that'll be burnt away in a matter of years anyway?

I feel a little skeptical about this claim, too, as most oil from the Midwest/Plains has already been tapped. There's not much to ruin out there (no offence), so I don't really see the environmentalists getting up in arms about this.

Are there any third party sources that can verify this speculation?

I heard of this about 2 weeks ago on the Rush Limbaugh show and read about about it on the Drudge Report.

Ransom, the only thing I see wrong in your argument is that the environmentalists get up in arms when we talk about drilling in ANWR--and there's nothing there, too! They say it will hurt the caribou population or some ridiculous argument (when the heat from the transportation of the oil via pipeline has been shown to make them more likely to procreate. :rolleyes:) There's far more people and animals in North Dakota than in that area of Alaska (at least, that's what I'm speculating) so I'm sure that the wackos will have a problem with us extracting oil in N.D.

[jacks girl]

I personally think that, this new oil deposit is why our prices are so high. i think they have drove them up in hopes that the Americans will be so mad and frustrated at their empty tanks and empty pockets that they will jump up and down with praise that we have that black gold in our own states.

Just a side note there is some truckers circling the capital today. I'm sure they'll all be happy to see a few trees knocked down to get cheaper fuel prices. Personally I think we need other ways of energy but as long as people can get rich from oil it's not going to happen.

Lets get drilling..

Jacks

[Ransom v. Unman]

I heard of this about 2 weeks ago on the Rush Limbaugh show and read about about it on the Drudge Report.

Ransom, the only thing I see wrong in your argument is that the environmentalists get up in arms when we talk about drilling in ANWR--and there's nothing there, too! They say it will hurt the caribou population or some ridiculous argument (when the heat from the transportation of the oil via pipeline has been shown to make them more likely to procreate. :rolleyes:) There's far more people and animals in North Dakota than in that area of Alaska (at least, that's what I'm speculating) so I'm sure that the wackos will have a problem with us extracting oil in N.D.
I was talking about scenery... ND is a bloody wasteland.

Again, no offence. :p

[righter1]

I was talking about scenery... ND is a bloody wasteland.

Again, no offence. :p

From all accounts that I've heard, so is ANWR... ;)

I've been close to ND, but never in it (well, as close as NE Wyoming and Rapid City, SD is to ND), but there's parts of western Kansas that could also be considered a wasteland... Yeah, there's a problem when counties in W. KS that are so needing people to move there (for a tax base) that they're willing to give you free land--like homesteaders did in the mid-late 1800s!

[jacks girl]

I've been to both of the Dakotas. It is kind of flat and dusty in places. But it has it's own beauty. Dances with wolves was filmed there and they have this little place along the interstate where you can see some of the stuff from the movie. But I don't think a few oil wells will hurt the view much.

What does hurt the view is those huge windmill like things in California. YUCK. Anyone ever seen those monsters. Terrible thing for the scenery.

jacks

[righter1]

What does hurt the view is those huge windmill like things in California. YUCK. Anyone ever seen those monsters. Terrible thing for the scenery.


They've got a few wind farms in Kansas, but I haven't traveled to the parts of the state that have them. But, because of some political goings-on in the state, there's some talk to installing one of the windmill's in front of the Governor's mansion (she's very strange, very liberal, and her name's being talked about as a possible running mate for Obama, but I digress.)

[Ransom v. Unman]

From all accounts that I've heard, so is ANWR...

Hmm... from all accounts I've heard, it's been quite the opposite.

I've been close to ND, but never in it (well, as close as NE Wyoming and Rapid City, SD is to ND), but there's parts of western Kansas that could also be considered a wasteland... Yeah, there's a problem when counties in W. KS that are so needing people to move there (for a tax base) that they're willing to give you free land--like homesteaders did in the mid-late 1800s!
Wow.... so they literally can't even give the land away?

[righter1]

Hmm... from all accounts I've heard, it's been quite the opposite.

Well, it is dark 56 days out of the year or something like that...

Wow.... so they literally can't even give the land away?

Yup...

Anyone want to move to Western Kansas? Drive along I-70, and you'll see at least 4 billboards between Salina and the Colorado line for different counties trying to get people to move there...

Keep in mind that the largest city in that part of the state is probably Dodge City (to the south) and you would be living in counties with fewer than 3500 people in the entire county--and they're quite large counties, some close to the size of Rhode Island! (okay, that may be an exaggeration, but not by much!)

[jacks girl]

I won't tell hubby he'll be wanting to move.

LOL

[Ransom v. Unman]

Keep in mind that the largest city in that part of the state is probably Dodge City (to the south) and you would be living in counties with fewer than 3500 people in the entire county--and they're quite large counties, some close to the size of Rhode Island! (okay, that may be an exaggeration, but not by much!)
Why not just give the land back to the natives they stole it from in the first place?

:-x

[righter1]

Why not just give the land back to the natives they stole it from in the first place?

:-x

Have you seen Western Kansas? I don't know if they'd want it back! :rolleyes: And I say this as a lifelong Kansan, and very much love my state... But, there's some parts of the state that are pretty. Most of W. Kansas is barren.

[Ransom v. Unman]

Well, the U.S. government has had a history of giving them the most undesired land to begin with... at least they'd have half a state's-worth of it. :D