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Oil
Oct 10, 2013 21:15:40   #
bcheary Loc: Jacksonville, FL
 
As you may know, Cruz Construction started a division in North Dakota just 6 months ago. They send every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers. They just bought two new Kenworth ' s to add to that fleet; one being a Tri Drive tractor and a new 65 ton lowboy to go with it. They also bought two new cranes (one crawler & one rubber tired) for that division.
Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years.
Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available.
Unemployment in ND is the lowest in the nation at 3.4 percent last I checked.
See anything in the national news about how the oil industry is fueling North Dakota ' s economy?
Here ' s an astonishing read. Important and verifiable information:
About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. Was the guest.
The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. Have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together."
The U. S.. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big.
It was a revised report (hadn ' t been updated since 1995) 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 foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable( 5 billion barrels), 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. ' 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 2041 years straight.
And if THAT didn ' t throw you on the floor, then this next one should - because it ' s from 2006 !!!!!!
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.
It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction.
In three and a half years of high oil prices none has been extracted.
With this motherload of oil why are we still fighting over off-shore drilling?
They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.
Here are 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! Again, we are letting a small group of people dictate our lives and our economy. WHY?
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.
Think OPEC just might be funding the environmentalists?
Got your attention yet? Now, while you ' re thinking about it, do this:
Pass this along. If you don ' t take a little time to do this, then you should stifle yourself the next time
You complain about gas prices, by doing NOTHING, you forfeit your right to complain.
Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.

By the way, this can be verified. Check it out at the link below !!!!!!

http://www.usgs.gov/newsroom/article.asp?ID=1911>" rel="nofollow" target="_blank">http://www.usgs.gov/newsroom/article.asp?ID=1911<http://www.usgs.gov/newsroom/article.asp?ID=1911>



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Oct 10, 2013 21:37:16   #
RAK Loc: Concord Ca
 
Muck fe!

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Oct 10, 2013 22:27:36   #
venturer9 Loc: Newton, Il.
 
The VERY VERY sorry thing is that we have known this for many many years......Through Republican and Democratic terms and one of the reasons for NOT doing it really amazes me...

"Well, it will take X number of years before we would realize any return" UH HUH and how many years ago was that, the oil would be gushing if it had been done when first thought of...

No matter who is running the country, they have absolutely no care or concern for the People of the USA...

Mike

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Oct 11, 2013 06:48:10   #
Crwiwy Loc: Devon UK
 
The conspiracy people would say that the US is saving their oil until everyone else has run low - then they have a virtual monopoly with all that entails!

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Oct 11, 2013 07:56:18   #
bcheary Loc: Jacksonville, FL
 
venturer9 wrote:
The VERY VERY sorry thing is that we have known this for many many years......Through Republican and Democratic terms and one of the reasons for NOT doing it really amazes me...

"Well, it will take X number of years before we would realize any return" UH HUH and how many years ago was that, the oil would be gushing if it had been done when first thought of...

No matter who is running the country, they have absolutely no care or concern for the People of the USA...

Mike
The VERY VERY sorry thing is that we have known th... (show quote)


:thumbup: :thumbup:

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Oct 11, 2013 07:56:27   #
bcheary Loc: Jacksonville, FL
 
Crwiwy wrote:
The conspiracy people would say that the US is saving their oil until everyone else has run low - then they have a virtual monopoly with all that entails!


:thumbup: :thumbup:

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Oct 11, 2013 08:50:58   #
ole sarg Loc: south florida
 
The technology for extracting the oil is rather new.






venturer9 wrote:
The VERY VERY sorry thing is that we have known this for many many years......Through Republican and Democratic terms and one of the reasons for NOT doing it really amazes me...

"Well, it will take X number of years before we would realize any return" UH HUH and how many years ago was that, the oil would be gushing if it had been done when first thought of...

No matter who is running the country, they have absolutely no care or concern for the People of the USA...

Mike
The VERY VERY sorry thing is that we have known th... (show quote)

Reply
 
 
Oct 11, 2013 08:53:03   #
ole sarg Loc: south florida
 
Oil in an international commodity which is owned by the oil companies and they are free to sell it world wide. Thus, the US is one of the largest oil exporters in the world. The price of oil is determined by the world market and the price of oil in the US is an international price not a domestic price.

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Oct 11, 2013 08:57:29   #
Penny MG Loc: Fresno, Texas
 
venturer9 wrote:
The VERY VERY sorry thing is that we have known this for many many years......Through Republican and Democratic terms and one of the reasons for NOT doing it really amazes me...

"Well, it will take X number of years before we would realize any return" UH HUH and how many years ago was that, the oil would be gushing if it had been done when first thought of...

No matter who is running the country, they have absolutely no care or concern for the People of the USA...

Mike
The VERY VERY sorry thing is that we have known th... (show quote)


This seems to be very true! :thumbup:

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Oct 11, 2013 13:05:05   #
bvm Loc: Glendale, Arizona
 
Thats why we need term limits.

Once they get intrenched, look what happens.

Perfect example, is look at ANY major city!

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Oct 11, 2013 13:16:56   #
bcheary Loc: Jacksonville, FL
 
bvm wrote:
Thats why we need term limits.

Once they get intrenched, look what happens.

Perfect example, is look at ANY major city!


:thumbup: :thumbup: :thumbup: :thumbup:

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Oct 11, 2013 13:28:33   #
Danilo Loc: Las Vegas
 
venturer9 wrote:
The VERY VERY sorry thing is that we have known this for many many years......Through Republican and Democratic terms and one of the reasons for NOT doing it really amazes me...
"Well, it will take X number of years before we would realize any return" UH HUH and how many years ago was that, the oil would be gushing if it had been done when first thought of...
No matter who is running the country, they have absolutely no care or concern for the People of the USA...
Mike
The VERY VERY sorry thing is that we have known th... (show quote)


I think they DO care for the People of the USA, Mike. After all, it's US they will eventually sell this oil to!

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Oct 11, 2013 17:27:49   #
venturer9 Loc: Newton, Il.
 
Danilo wrote:
I think they DO care for the People of the USA, Mike. After all, it's US they will eventually sell this oil to!


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Don't you think that it would be nice if they might explain that, instead of just stopping exploration and drilling.....

Mike

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