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Ron Karcz

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Blogs by Ron Karcz

The Bakken Formation
6/9/2008 5:38:13 AM

Are you happy at the gas pumps these days? Remember when we thought the discovery of oil on the North Slope of Alaska was the answer to our energy problems? What we weren't told was the North Slope had been discovered in the early 40's and we did nothing to tap it until the 70's.
There is something really wrong here.  Why are we at the mercy of mid-eastern countries when we have enough oil right here in the mid-western states to fulfill our needs.  Who's benefitting from keeping these oil fields closed?  Check out Google and the Bakken Formation.


1.  Ever heard of the Bakken Formation?  GOOGLE it.  I did, and again, BLEW my mind.  The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen/women knew was coming, but man was it big.  It was a revised report (hadn't been updated since '95) 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... 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 sizeable 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." And 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 41 years straight.

2.  [And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO, people!]

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 is more
than 2 TRILLION barrels. On August 8, 2005 President Bush 
mandated its extraction. 

[(???)  What the!??] 

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 we've not D E M A N D E D Legislation to come out of Washington allowing its extraction, that's 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 "Big Oil" will drop its price - even with this find?  Think again!  It's all about the competitive marketplace, and if they can extract it (here) for less, they can afford to sell it for less - and if they DON'T, others will.  It will come down - it has to. 
----

[Got your attention/ire up yet?  Hope so!  Now, while you're thinking about it ... and hopefully P.O'd, do this:

3.  Take 5-10 minutes and compose an e-mail; fax or good old-fashioned letter to our elected officials in Washington ... and their respected leaders.  We'll start with them, and here's how you can send them your e-mail/fax, DEMANDING the immediate Legislation/an Energy PLAN that calls for tapping into these (OUR OWN!) Reserves, as well as allowing for the offshore drilling for OUR oil, in OUR offshore waters and Inter-continental shelf ... not to mention Alaska.  Technology ain't what it used to be people (ever had arthroscopic surgery?).  They can surgically extract OUR oil, and get us on the way to at least some measure of Energy independence. 

You don't take a little time to do this, then you should stifle yourself the next time you want to complain about gas prices ... because by doing NOTHING, you've forfeited your right to complain. 
 

Current Congressional Leadership

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=WVSR href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=WVSR" target=_blank rel=nofollow>Robert C. Byrd (D-WV)

">http://byrd.senate.gov/byrd_email.html href="http://byrd.senate.gov/byrd_email.html" target=_blank rel=nofollow>http://byrd.senate.gov/byrd_email.html

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=NVSR href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=NVSR" target=_blank rel=nofollow>Harry Reid (D-NV)

">http://reid.senate.gov/contact/index.cfm href="http://reid.senate.gov/contact/index.cfm" target=_blank rel=nofollow>http://reid.senate.gov/contact/index.cfm

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=KYSR href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=KYSR" target=_blank rel=nofollow>Mitch McConnell (R-KY)

">http://mcconnell.senate.gov/contact_form.cfm href="http://mcconnell.senate.gov/contact_form.cfm" target=_blank rel=nofollow>http://mcconnell.senate.gov/contact_form.cfm

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=AZJR href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=AZJR" target=_blank rel=nofollow>Jon Kyl (R-AZ)

">http://kyl.senate.gov/contact.cfm href="http://kyl.senate.gov/contact.cfm" target=_blank rel=nofollow>http://kyl.senate.gov/contact.cfm

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=CA08 href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=CA08" target=_blank rel=nofollow>Nancy Pelosi (D-CA)

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=MD05 href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=MD05" target=_blank rel=nofollow>Steny H. Hoyer (D-MD)

">http://hoyer.house.gov/contact/email.asp href="http://hoyer.house.gov/contact/email.asp" target=_blank rel=nofollow>http://hoyer.house.gov/contact/email.asp

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=SC06 href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=SC06" target=_blank rel=nofollow>James E. Clyburn (D-SC)

">http://clyburn.house.gov/zip_code_verify.cfm href="http://clyburn.house.gov/zip_code_verify.cfm" target=_blank rel=nofollow>http://clyburn.house.gov/zip_code_verify.cfm

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=OH08 href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=OH08" target=_blank rel=nofollow>John A. Boehner (R-OH)

">http://www.house.gov/writerep/ href="http://www.house.gov/writerep/" target=_blank rel=nofollow>http://www.house.gov/writerep/

">http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=MO07 href="http://www.visi.com/juan/congress/cgi-bin/newmemberbio.cgi?site=ctc&lang=&member=MO07" target=_blank rel=nofollow>Roy Blunt (R-MO)

Senate Leadership

Title

Member Name

DC Phone

DC FAX

Electronic Correspondence

President Pro Tempore

Robert C. Byrd (D-WV)

202-224-3954

202-228-0002

http://byrd.senate.gov/byrd_email.html

Majority Leader

Harry Reid (D-NV)

202-224-3542

202-224-7327

http://reid.senate.gov/contact/index.cfm

Minority Leader

Mitch McConnell (R-KY)

202-224-2541

202-224-2499

http://mcconnell.senate.gov/contact_form.cfm

Minority Whip

Jon Kyl (R-AZ)

202-224-4521

202-224-2207

http://kyl.senate.gov/contact.cfm

 

House Leadership

Title

Member Name

DC Phone

DC FAX

Electronic Correspondence

Speaker

Nancy Pelosi (D-CA)

202-225-4965

202-225-4188

sf.nancy.mail.house.gov

Majority Leader

Steny H. Hoyer (D-MD)

202-225-4131

202-225-4300

http://hoyer.house.gov/contact/email.asp

Majority Whip

James E. Clyburn (D-SC)

202-225-3315

202-225-2313

http://clyburn.house.gov/zip_code_verify.cfm

Minority Leader

John A. Boehner (R-OH)

202-225-6205

202-225-0704

http://www.house.gov/writerep/

Minority Whip

Roy Blunt (R-MO)

202-225-6536

202-225-5604

http://www.blunt.house.gov/Contact.aspx href="http://www.blunt.house.gov/Contact.aspx" target=_blank rel=nofollow>http://www.blunt.house.gov/Contact.aspx



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More Blogs by Ron Karcz
• A Tribute - Saturday, August 15, 2009
• Open Letter To Al Sharpton & Jessie Jackson - Wednesday, August 27, 2008
•  The Bakken Formation - Monday, June 09, 2008  

• My Southern Border Plan - Saturday, May 24, 2008
• Mom & Dad & Immigration - Saturday, May 24, 2008
• Flushed Away II - Saturday, May 24, 2008


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