As I may have mentioned, my husband works for an oil refinery. He received an e-mail yesterday from a friend . Some of you may already know
about this, but it’s the first I’ve heard about it. The U.S. Geological Service
issued a report in April, ’08 about the Bakken oil deposits in N.& S. Dakota,
& eastern Montana. This oil is in shale & hard to get out, so only a small
% is currently recoverable, but you know if there is money to be made,
the technology will be improved or reinvented. The Energy Information
Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of
the oil is recoverable, we’re looking at a resource base worth more than
$5.3 trillion. For more information go to
www.usgs.gov/newsroom/article.asp?ID=1911, or you
can google the Stansberry Report.
asp?ID=1911.
Moe Lane
Steve Maley
Dan McLaughlin
Neil Stevens
Daniel Horowitz
You're Mixing your reports
Right Reason (Diary) Wednesday, June 10th at 8:57PM EST (link)The USGS estimate for the Bakken deposits is 3-4.3 billion bbl. The oil shale deposit is something else entirely.
Success is not final, failure is not fatal: it is the courage to continue that counts.
- Winston Churchill
right reason, you are absolutely correct
louisiana (Diary) Thursday, June 11th at 7:41AM EST (link)The e-mail we received stated it was the Bakken that had 503 billion barrels,
when it is the oil deposits in the Rockies that have that amount of oil. As
a former teacher I should know to check/ double check info. At any rate,
the main point I was trying to make was that we do have enough domestic oil in the U.S. to be energy independent from foreign oil.