How Much Oil Do We Have?

 

 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 analyzer.  "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 many recent years of high oil prices none has been extracted.  With this mother lode 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