REAL NEWS WHY NO PROTEST RALLIES TO DEMAND MORE U.S. OIL WELLS AND REFINERIES? <[email protected]> (Common sense, politically incorrect newsletter to 14,823 subscribers) WHY NO PROTEST RALLIES TO DEMAND MORE U.S. OIL WELLS AND REFINERIES? Attention Tea Party advocates. Why aren't you out on the streets protesting the high cost of gasoline due to insufficient oil wells and refineries in the United States? Can't you see that you are being held hostage by the OPEC nations that seem to hate us. The Alaskan ANWAR and Rocky Mountain Bakken Formation are neglected oil fields. Lies about protecting the environment by the World Elite will not allow this country to become energy independent, and they intend to continue to keep us dependent on foreign oil sources as they manipulate for world control. --REAL NEWS Editor [email protected] 3 TO 4.3 BILLION BARRELS TECHNICALLY RECOVERABLE OIL IN BAKKEN FORMATION Released: 4/10/2008 2:25:36 PM by the U.S. Department of the Interior, U.S. Geological Survey Office of Communication, 119 National Center, Reston, VA 20192 Reston, VA -- North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation. A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil. Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources. New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes. About 105 million barrels of oil were produced from the Bakken Formation by the end of 2007. The USGS Bakken study was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol as required by the Energy Policy and Conservation Act of 2000. The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states and is the largest "continuous" oil accumulation ever assessed by the USGS. A "continuous" oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences. The next largest "continuous" oil accumulation in the U.S. is in the Austin Chalk of Texas and Louisiana, with an undiscovered estimate of 1.0 billions of barrels of technically recoverable oil. "It is clear that the Bakken formation contains a significant amount of oil -- the question is how much of that oil is recoverable using today's technology?" said Senator Byron Dorgan, of North Dakota. "To get an answer to this important question, I requested that the U.S. Geological Survey complete this study, which will provide an up-to-date estimate on the amount of technically recoverable oil resources in the Bakken Shale formation." The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels. Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil estimates. USGS worked with the North Dakota Geological Survey, a number of petroleum industry companies and independents, universities and other experts to develop a geological understanding of the Bakken Formation. These groups provided critical information and feedback on geological and engineering concepts important to building the geologic and production models used in the assessment. Five continuous assessment units (AU) were identified and assessed in the Bakken Formation of North Dakota and Montana -- the Elm Coulee-Billings Nose AU, the Central Basin-Poplar Dome AU, the Nesson-Little Knife Structural AU, the Eastern Expulsion Threshold AU, and the Northwest Expulsion Threshold AU. At the time of the assessment, a limited number of wells have produced oil from three of the assessments units in Central Basin-Poplar Dome, Eastern Expulsion Threshold, and Northwest Expulsion Threshold. The Elm Coulee oil field in Montana, discovered in 2000, has produced about 65 million barrels of the 105 million barrels of oil recovered from the Bakken Formation. --------------------------------------------------------------------- For free Politically Incorrect news ignored by the American news media, send your friends' email addresses for REAL NEWS from [email protected]. The Govt can http://www.youtube.com/watch?v=LO2eh6f5Go0 "We're all Arizonans now." Sarah Palin Ray Stevens song http://www.youtube.com/watch?v=jWpOcZVnBrc&feature=bzb302 I am a sovereign http://www.freedomsphoenix.com/Find-Freedom.htm?At=0095721 Join a TEA Party. Google tea party [name of your town] This email is archived at http://groups.google.com/group/richsrants?hl=en I'M MAD, AND I'M NOT GOING TO TAKE IT ANY MORE http://bighollywood.breitbart.com/bprelutsky/2009/07/05/im-mad-as-hell/ Rich Martin . -- To join RichsRants, send email to: [email protected] For more options, visit this group at http://groups.google.com/group/richsrants?hl=en
