Huge Oil Field, Right Here in US!

[Shirleypal]

Huge Oil Field, Right Here in US!
21-Mar-2008
When we think of oil reserves in the US, we think about coal. But it turns out that America may be sitting on a huge, 200 billion barrel oil field that has gone unnoticed and could make us energy independent.

New drilling technology could make it possible to pump the oil from the Bakken Formation, which covers North Dakota and parts of South Dakota and Montana. According to Next Energy News, "The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run."

Maybe this is why the Middle East is investing in solar energy!

http://www.unknowncountry.com/news/?id=6769

[Cherry Kelly]

Shirley -- actually they knew about this field as far back as 1951 ... but didn't feel it worth bothering to drill at that time.

"It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota."

SO when will gas prices go down??

[SETIsLady]

SO when will gas prices go down??

Its not in the cards, gas prices are a great way to manipulate the population.