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Originally Posted by Madman
I know!
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he 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
- 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
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Liberals are the kind of people that would try to make peace with people who would rather see us dead and destroy our economy. That's sleeping with the enemy.
I, for one, do not want to see this country spiral down into economic chaos because of foriegn dependency. The oil is there and all we have to do is get it. |
The 503 billion barrels in the Bakken Formation has been debunked repeatedly.....most recently by the USGS numbers you cited - 3-4 billion barrels......enough to supply less than one year at current consumption rates.
http://jacksonville.com/news/metro/2...as_oil_bonanza