Got this from the internet... so it must be true! Re: oil find
(Snopes reports this as mostly true, but not totally.)

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.
(THIS is the part that Snopes didn't agree with.)

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?

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

http://www.usgs.gov/newsroom/article.asp?ID=1911

Cruz Construction:
http://www.cruzconstruct.com/ ; <http://www.cruzconstruct.com/services..php> ; US Drilling

Don't spill the beans! We have enough people in ND already

Things are crazy in western ND, and the experts sat it won't slow down for a dozen years.

My brother in law in Bismark, ND sent this to me. It is a photo taken from the Space Station. The large glow west of Bismark is the Bakken oil field. Some of it is work lights but most of it is natural gas that is being flared from the wells. 200,000 square miles is the estimate of the oil field size.



Housing is hard to get for workers. A friend of my son is working in the oil field and was lucky to get a new single wide delivered to live in. He could barely heat the thing last winter. After complaining to the manufacturer about the heat bill they did an inspection and found the skirting loose and a bunch of Mexican oil field workers living under the crawl space to stay warm. They had torn the insulation from below the floor, banked it against the skirting and turned the elbows of his heat ducts down to heat the crawl space. Lived in there and worked the oil field most of last winter like that. I guess it was better than the tents some were living in.

NimpoCub wrote:Got this from the internet... so it must be true! Re: oil find
(Snopes reports this as mostly true, but not totally.)

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.
(THIS is the part that Snopes didn't agree with.)

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?

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

http://www.usgs.gov/newsroom/article.asp?ID=1911

Cruz Construction:
http://www.cruzconstruct.com/ ; <http://www.cruzconstruct.com/services..php> ; US Drilling

Wow ,i hope this isn't a bunch of malarkey cause I for one am getting sick to death of over priced fuel. North America is geographically BIG and we cannot afford European prices as we are so reminded how much the rest of the world pays They're Countries are small, Hell you can hear someone fart from the other side of their borders. I see the ever increasing price of oil as a strategy of the environmental movement to curb our consumption to reduce "greenhouse gasses" that is responsible for global warming. This ever increasing escalation of fuel prices is fucking killing us. It effects everything. When oil moves up so does commodities and food prices. everything costs more more more, needlessly!! Oil companies and banks are rolling in cash while the rest of us fucking peasants grow poorer. Global warming is a bs sham. Historically, global warming and cooling is a natural rhythm that has existed since the beginning of time and we humans have little influence over it. There has to be lots of oil beneath our great continent. We just need to have the will to exploit it and give the f'ing middle finger to the Middle East and their bs strangle hold they think they have on us!

Im reminded by a say'in slightly modified:


Give me cheap... reasonable priced av gas or give me death!!!

I have a little bit of stock in one of the small E&P companies that is exclusively operating in the baaken. They have grown production roughly 200% a year for the last 3 years and are still growing. I suspect the Baaken along with Alberta production is the main reason North American crude imports have fallen to something like 16% of our total use in the last couple of years. Alternatives like solar and wind are not a significant part of the total energy use yet but they are starting to make a difference along with better gas mileage and, lets face it, the slack economy has total driving miles down.
The keystone pipeline is hung up in State Department bureaucracy, imagine what imports will look like after that gets finished. The Middle East has sold crude at a discount to WTI for decades because most of it is not high quality, I suspect they will lower their prices even further in the future just to keep market share.
Supply and demand is finally moving our direction.

The natural gas off those is huge too. I'm running two vehicles on cng right now and will be converting a friend's semi next month. I pay 65 cents a therm which equates to about .80 a gallon. We've been given a rate cut on natural gas for the last 4 quarters because the stuff is everywhere. Oil companies are now inspired to capture it even at a loss because the flares are being taxed as a State resource. I wish I could run my plane on cng at 80 cents/gallon. Who knows, maybe we'll see dollar avgas some day.

I remember reading a thread on a trucker forum about a broker that couldn't find enough flatbed truckers to haul pipe from Texas to ND. Most truckers don't want to haul that pipe up there because of very few back hauls. I would think the rates would be set really well to help compensate for the dead head miles out of ND.

That reminds me, I may be off on the details but I seem to remember a nat gas pipeline has been approved to run gas from the basin to Chicago. Sure beats flaring it off.

In addition to the Bakken is the Piceance Basin straddling CO, UT and WY that contains 2 trillion (yes I said trillion) barrels of oil in the form of oil shale. Interesting article in Forbes Magazine several years ago about new technology that would make oil shale very cost effective. One of the first acts of Salazar (current Secretary of Interior) was to lock up the Piceance Basin for leases. Concern about a field mouse was one of the reasons given.

The lie that we don't have enough oil / energy for our own economy and that that oil and carbon based energy is running out is just that, a lie.

Imagine the jobs that would be produced and the additional jolt to our economy that would result from an administration that would strongly advocate and encourage energy production instead of the current administration attitude towards "carbon emissions". Not to mention enhanced security for the USA due to energy independence.

I have heard several voices on this website indicating that there isn't a difference between candidates and that all politicians are in the bag and are alike. While i can sure relate to frustration towards current political scene and share that sentiment of distrust, I strongly urge everyone to consider carefully the choices coming in Nov. The two candidates will definitely have different policies, especially as it relates to energy, and that will have a very big impact. Coal is being slowly cut off, the veto of the Keystone Pipeline, prohibition against offshore drilling, attitude towards carbon based energy, etc. these are the real world policies that will ultimately cost us more to fill up, to heat our homes, to transport goods to the grocery store, etc.

While I do share the frustrations expressed, there are huge differences in approach from the current candidates and clear distinctions between everyday policies that will impact you and I. Hope we all consider the choices carefully.

88H wrote:In addition to the Bakken is the Piceance Basin straddling CO, UT and WY that contains 2 trillion (yes I said trillion) barrels of oil in the form of oil shale. Interesting article in Forbes Magazine several years ago about new technology that would make oil shale very cost effective. One of the first acts of Salazar (current Secretary of Interior) was to lock up the Piceance Basin for leases. Concern about a field mouse was one of the reasons given.

The lie that we don't have enough oil / energy for our own economy and that that oil and carbon based energy is running out is just that, a lie.

Imagine the jobs that would be produced and the additional jolt to our economy that would result from an administration that would strongly advocate and encourage energy production instead of the current administration attitude towards "carbon emissions". Not to mention enhanced security for the USA due to energy independence.

I have heard several voices on this website indicating that there isn't a difference between candidates and that all politicians are in the bag and are alike. While i can sure relate to frustration towards current political scene and share that sentiment of distrust, I strongly urge everyone to consider carefully the choices coming in Nov. The two candidates will definitely have different policies, especially as it relates to energy, and that will have a very big impact. Coal is being slowly cut off, the veto of the Keystone Pipeline, prohibition against offshore drilling, attitude towards carbon based energy, etc. these are the real world policies that will ultimately cost us more to fill up, to heat our homes, to transport goods to the grocery store, etc.

While I do share the frustrations expressed, there are huge differences in approach from the current candidates and clear distinctions between everyday policies that will impact you and I. Hope we all consider the choices carefully.

Very well said and I'll take this into consideration. Thanks.

I have a domestic energy plan and I might be the next president. I did a legal name change from nosedragger to Neither-one-of-those-crooked-cacksuckers. Don't forget to write me in.

I hope for your guys sake that prices will actually go down. We produce tons of oil and gas up here in Canada, yet the oil companies still manage to rape us at the pumps. $1.219/Lt($4.607/gal) for regular 87 octane. $1.85/ Lt for avgas. Pisses a guy off, we produce it and still pay way to much...
David

A1Skinner wrote:I hope for your guys sake that prices will actually go down. We produce tons of oil and gas up here in Canada, yet the oil companies still manage to rape us at the pumps. $1.219/Lt($4.607/gal) for regular 87 octane. $1.85/ Lt for avgas. Pisses a guy off, we produce it and still pay way to much...
David

That's globalization for you."world market" as they say. If there is an oil supply hiccup anywhere in the world, we as consumers are gonna feel it, even if were sitting on an endless supply. We need to develop energy policies that protect our own supplies from being influenced by what the hell happens in some piss pot middle Eastern Country. Saudi Arabia as well as Venezuela have nationalized their oil supplies and the citizens get a direct benefit by paying cheap prices. Somewhere around 0.18 a gallon. Those prices would never be realistic in our free market economy but a policy that would cease the constant fluctuation of prices and gouging of consumers at the retail level could be developed.

I feel the rules of commodity trading must be changed to stop large scale speculators from influencing world prices could be a good start. If you do not have the facilities to accept oil contracts then you have no business buying futures. Speculators thrive on wildly fluctuating markets and the biggest are making billions at it and it all comes out of Joe public's pocket at the pumps.

There is a huge positive side to the downturn in the global economy. With China and India's economy slowing, the demand for oil is going to drop and so will prices. We made a big mistake trying to promote economies all over the world by thinking that every country needs to crawl out of the stone age and live an American life. With that they want modern housing, dept stores, paved roads , refrigerators and 3 cars in every driveway and of coarse oil! China and India were just as happy humming along using man and beast power. Now they want what we have, and are becoming our competitors.

As I see it, in the coming years $6.00 a gallon av gas is going to look damned cheap.

For what it's worth, not only is there a lot of Bakken, but it refines to proportionally produce a lot more gasoline and jet fuel than most crudes and it's low in sulphur. That makes it pretty cool, so not only do we have it but it's good shit to have!

Here in Saudi it is around 60 to 70 cents a gallon depending on the grade, don't know about Venezuela. No taxes is part of the difference but it is also a way for the Kingdom to keep the peace since the average working salary here is not that great.

A1Skinner, $1.31 a liter here, it is the taxes that are killing us. Number 1 exporter of oil to the US, go figure.

steve wrote:A1Skinner, $1.31 a liter here, it is the taxes that are killing us. Number 1 exporter of oil to the US, go figure.

How much is tax and how much is the gas.

steve wrote:A1Skinner, $1.31 a liter here, it is the taxes that are killing us. Number 1 exporter of oil to the US, go figure.

Its a real PITA eh steve? Same with the diesel shortage we've had in Alberta the past couple winters. Talking with tanker trucks that haul from the refineries and they are saying they have to wait in line while rail cars are filled. I'd be curious as to where those rail cars are headed. I'd say either south across the border, or out to the east coast. Nothing like taking the diesel from where its produced, to the point of us not being able to run rigs and dozers and logging equipment because there is none, and sending it elsewhere.
Reminds me of a saying... "Newfoundland is where fish come from, I've never heard of them having a shortage of fish to eat..."

David

Interesting topic...moved to Fuel forum. Please keep the partisan politics out of it and we'll keep this thread out of Hot Air. Thanks.

Dirtstrip, the way I calculate it, is about $.27 per liter ($1.03 a US gallon), that is in Ontario.