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| James S. McCormack Founder, Trucking Careers of America |
The price of crude oil has been affecting every facet of our economy for far too long. Gas prices keep rising, food prices keep rising, energy costs keep rising and for many, it has become almost a daily struggle to stay afloat. Gas companies report a ludicrous quarterly profit of billions of dollars while many Americans can't find employment and many often can't afford to pay their mortgage or rent. If you're like me, you keep asking yourself why our illustrious and lofty politicians can't or aren't doing anything, other than ongoing rhetoric, to address this problem, such as taking direct and aggressive steps to reduce our dependency on foreign oil .... and begin to take back our country.
How Much Oil Does The U.S. Have In The Ground?
More Than All The Middle East Put Together !
More Than All The Middle East Put Together !
Cruz Construction started a division in North Dakota some months ago and sent every Kenworth (9 trucks) from Alaska to North Dakota along with several drivers. They bought two new Kenworths to add to that fleet and two new cranes (one crawler and one rubber tired) for that division. According to Dave Cruz, they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years.
Williston, ND, is like a gold rush town and unemployment in North Dakota has been reported as being the lowest in the nation at 3.4 percent.
Not too long ago one of the Forbes Bros. was a guest on a news program discussing oil. 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."
Those Billions of Barrels Will Cost Americans
Just $16 Per Barrel ... Enough Crude to Fully Fuel
the American Economy for 2041 Years....
Just $16 Per Barrel ... Enough Crude to Fully Fuel
the American Economy for 2041 Years....
The U.S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming. 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.
The Bakken, a formation known as the Williston Basis, stretches from Northern Montana, through North Dakota and into Canada, and is the largest domestic oil discovery since Alaska's Prudhoe Bay. It 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, this is 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.
For years, U.S. oil exploration has been considered a dead end. 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.
And from as far back as 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?
The U.S. Has 22 Times As Much Oil As Iran ....
We have more oil inside our borders than all the other proven reserves on earth. Here are the official estimates:
- 8 times as much as 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 right here in the western United States ! Why are we not extracting this? 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.
While you're thinking about all this, pass this along. Think about what could happen if everyone sent this to everyone in their address book, and so on, and everyone wrote to their states' government officials. Think about what Americans could do by using the power of social media and uniting with the singular purpose in mind to begin taking our country back: from the politicians, Washington's gridlock and endless and often useless rhetoric, corporate greed, and the Middle East.
This can all be verified by checking out this link and Cruz Construction. Some portions of this article originated from Congressman Tom Rooney, Florida-On Oil.






