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Today I'm working on three clean energy projects. The oil companies and OPEC may be sticking it to the man. I'd like to be the one sticking it right back.
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I refuse to pay that insane amount.
No offense to you (or anyone else in this area) but I absolutely hate Chicago and it's burbs. If it wasn't for my wife and her family (and my children) I would've never made it my first year living here. Can't stand it - but I do it for them.
Gimme a small town miles from much, and let me live a few miles from town. I'm a happy camper then.
Repeat for the next mile--fuckin idiots!!!!!!!!!
Land of the "In a hurry to get nowhere" sheeple.
It's 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, Montana is 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 sizeable 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.
To America, this discovery couldn't have come at a better time. You see, when all the wells are finally drilled and pumping, we won't have to import any foreign oil from the Middle East. Not a single drop!
For investors like you and me, it offers a "once-in-a-lifetime" chance to profit on ever-rising demand for oil. And we can do it by getting in on the groundfloor of the next great oil boom...
Even the US Government has confirmed the Bakken as a huge oil formation. The government's own Energy Information Administration (EIA) issued this press release:
"...with new drilling and completion technology taken into account, the resource base for the entire formation is potentially much larger. A study provides estimates ranging up to 503 billion barrels of potential resources in place."
Oil in the Bakken isn't gritty, dirty and expensive like the Alberta oil sands.
We're talking light, sweet crude oil - the least expensive and easiest to refine oil out there.
And here's the kicker...
Montana lawmakers recently passed a bill that creates an 18-month tax holiday for oil wells drilled and completed in this area.
This legislation has caused a massive increase in exploration and has blown the top off this hidden ocean of oil.
Since this bill was passed, a small group of investors have been taking advantage of this untapped resource and are making thousands of dollars each month.
"It's a good, old fashioned oil boom," says Dr. Paul Polzin, a University of Montana economist.
One company has been there since the beginning of the Bakken boom... and is already selling its oil to the market. And the best part about it - this company is sharing its Bakken profits with everyday investors.
You see, for the past seven years, this company has distributed its net profits in the form of MONTHLY cash payments. They have sent their shareholders profit-sharing checks for 84 months in a row... and the check amounts are on the rise.
Mark my words, an opportunity like this only comes around once every so often and I can GUARANTEE that this will not remain a secret for much longer.
In fact, some of the local media are beginning to report on it...
"People in the region 'are just starting to see the potential' in this new oil play" - Grand Forks Herald, Nov. 4, 2007
"The huge potential of the Bakken play has industry and government officials gushing with superlatives." -CanWest News Service, Dec. 10, 2007
"Montanan residents with oil royalties have, literally, been made millionaires." -Missoulian.com, Dec. 2, 2007
Spread the word every way you can. Let the world know the jig is up!!!!
2 weeks ago
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by Panacea Member since:
April 28, 2006
Total points:
26462 (Level 7)
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Best Answer - Chosen by Voters
The real story however is not in light sweet crude. We have plenty of that and could use that to break OPEC's price fixing and end these high oil prices.
However, the really big thing is something called heavy distillates. Most of the world's oil is in the form of heavy distillates. And most of it is withing the continental borders of the US. Current technology would allow us to bring it to market for a fraction of what we pay now. We have roughly a 500 year supply at current use and the environmental impact of harvesting it is basically zero. Shell Oil is foaming at the lips to go after that oil and make the US completely energy independent (for an insane amount of profit, lol).
So....what's stopping them? Congress won't give them persmission, that's what."
http://en.wikipedia.org/wiki/Williston_Basin
"Cumulative basin production totals about 3.8 billion barrels (600,000,000 m³) of oil[7] and 470 billion cubic feet (13,000,000,000 m³) of natural gas[8]. Oil production in 2007 averaged about 120 million barrels per day (19,000,000 m³/d) in North Dakota and 95 million barrels per day (15,100,000 m³/d) in Montana, making them #8 and #10, respectively, among United States oil producing states.[9] The largest oil fields are listed in the following table, showing estimated ultimate recoveries.[10]"
Also, those numbers don't seem to align with the ones you posted, Ger. If they're including shale oil, that stuff still isn't economically feasible, is it?
Glad I've got a 90 gallon aux tank and it's only a short drive.
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