Posts Tagged ‘America’s Oil Supplies’

What Is The Truth About America’s Oil Supplies?

August 26, 2012

What Is The Truth About America’s Oil Supplies?

I would be very surprised if you learned the truth about America’s oil supplies from me. The same goes for global warming. These are not my fields of expertise.

The “experts” don’t agree on such matters and the battle lines are drawn. With regard to oil, it is clear that if we do not have ever-increasing supplies for an ever-expanding American and world population (at least in the short-run), there will be local and global hell to pay.

Given that there is a finite supply of fossil fuels available on planet earth, there will in fact be hell to pay someday. Just when that day arrives is the issue and I doubt that anyone can tell us that.

Can you imagine a modern society under conditions of very scarce and prohibitively expensive energy supplies? If you will think about it for just a few minutes, you will become very uncomfortable…particularly when you consider that all of the old agrarian, pre-industrial, pre-information technology age self-maintenance skills are gone…or at least very rare.

Take some time to read and consider the following two items. You need information on this topic, though it will not be comforting.

Remember: The truth will set you free, but first it will make you miserable.

The first source of information is pro-oil development in nature, and it promises heaven-on-earth in oil.

The second opinion is from my friend, Darrel Bostow, Ph.D., who has studied the world’s energy dilemma and its likely effects upon civilization for many years. Rather than simply “admiring the problem” (as he puts it), or just talking about it, he has moved to a farm and is developing a largely,refined-energy-independent life-style.

Darrel argues that if we do not prepare adequately, we will be in for an inevitable world-of-hurt when the increasingly difficult-to-retrieve energy supplies become so costly as to become unaffordable. He warns that we should expect major social/cultural upheaval when this occurs.

I have tried to educate myself regarding these issues.  From all that I have learned, Darrel’s perspective is spot on.

The only question that remains for me, is exactly when the economics of energy  production will crush the status quo developmental trajectories of civilization. I will venture a guess that is will come gradually, like the infirmities of age…slowly dibilitating and eventually incapacitating as we sadly habituate to the process.

Of course I could be wrong about such matters, after-all, I’m only a psychologist, etc.,etc,….

Please read the following and see what you think!

VTM, 8/26/12  (Happy Birthday my Dearest Sally)

OIL – You  better be sitting down when you read  this  !!!!!!
As you may  know, Cruz Construction started a division in  North Dakota  Just 6 months ago.
They sent  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,”  reportsThe 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 !!!!!! 
Cruz  Construction: Version: 10.0.1411 / Virus Database: 2092/4033 – Release Date: 11/22/11
The following is Darrel Bostow’s succinct reaction to the preceding article.
Read the book “The End of Growth” by Heinberg.  Read every page and word. He isn’t God, but he is the most articulate and level-headed writer I have found about all of this.  He is an outsider, not a member of government, nor the energy industry. 
What you forwarded to me is profoundly biased in favor of commerce and continued growth.  A rosy picture not taking into account many things.  The Bakken reserves are two miles underground and are of relatively poor quality. There is no infrastructure for shipping the oil.   This oil is a long way off. The “tremendous reserves” elsewhere in the country are not “sweet crude” but dirty stuff.  We have picked the low hanging fruit.   In the 1930s we got 100 barrels of oil for every 1 we used to get it.  That ratio is now down to 14 to 1 and falling every year.  One day we will reach 1 barrel to get 1 barrel and we will still have “lots of oil.” The issue is not the amount of oil, but where it is and the energy necessary to get it.  (I share oil rights with relatives on land near Williston and none of us have been approached about drilling yes, BTW.)
Read the counter side of this story by getting THE END OF GROWTH.  He has fewer contingencies inducing him to present a biased position.

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