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)
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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,
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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.
Best,
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