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Bakken Formation UPDATE
AntiMullah ^ | Septermber 21st, 2008 | U.S. Geological Study

Posted on 09/21/2008 2:09:23 PM PDT by FARS

The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen 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.

(Excerpt) Read more at antimullah.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; Government
KEYWORDS: bakken; energy; newtechnology; shaleoil
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Snopes admits partly true
1 posted on 09/21/2008 2:09:23 PM PDT by FARS
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To: FARS

Even Snopes admits it?


2 posted on 09/21/2008 2:10:52 PM PDT by null and void (I have proved Fermat's last theorem, but there's not enough room in the tagline to write the whole t)
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To: FARS

yeah?

ya daba do

Is it as large as the Athabasca Oil Sands @ 1.7 trillion barrels?


3 posted on 09/21/2008 2:16:25 PM PDT by himno hero
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To: FARS

Takes special extraction expertise:

http://www.petrobank.com/can-applicationoftechnology.html


4 posted on 09/21/2008 2:20:22 PM PDT by Paladin2 (Palin for President! (PUMA))
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To: himno hero

Don’t get too excited, president 0bama can destroy the industry the same way clinton destroyed mineral extraction in the Grand Staircase-Escalante area.

Stroke of the pen, law of the land. Kinda cool.


5 posted on 09/21/2008 2:23:03 PM PDT by null and void (I have proved Fermat's last theorem, but there's not enough room in the tagline to write the whole t)
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To: FARS

The world awash in oil. Who knew?

Oh yeah, a lot of us did.


6 posted on 09/21/2008 2:25:00 PM PDT by Balding_Eagle (God has blessed the Republicans with stupid political enemies.)
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To: FARS

Drill THERE. Drill NOW!


7 posted on 09/21/2008 2:25:13 PM PDT by upchuck (Law of Logical Argument: Anything's possible if you don't know what you're talking about. => nObama))
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To: null and void

go and check it out-

Athabasca oil sands

even wikipedia will do


8 posted on 09/21/2008 2:27:26 PM PDT by himno hero
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To: FARS; thackney

oil ping on The Bakken


9 posted on 09/21/2008 2:28:20 PM PDT by Issaquahking (Maverick Barracuda voter!)
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To: FARS

Why is the national media....even Fox News....completely silent about this ?


10 posted on 09/21/2008 2:29:16 PM PDT by colonel mosby
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To: FARS
> 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.

That's enough to bail out Wall Street another five times!

11 posted on 09/21/2008 2:42:54 PM PDT by NewJerseyJoe (Rat mantra: "Facts are meaningless! You can use facts to prove anything that's even remotely true!")
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To: NewJerseyJoe

... it lies between Montana and N. Dakota - go figure!


12 posted on 09/21/2008 2:52:43 PM PDT by Ken522
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To: himno hero

I suspect 0bama would want to invade Canada and capture the fields to keep the oil off the market and further the goals of Ummah...


13 posted on 09/21/2008 2:54:18 PM PDT by null and void (I have proved Fermat's last theorem, but there's not enough room in the tagline to write the whole t)
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To: FARS
There are yet many lifetime's existing reservoirs, and so much petroleum yet undiscovered.

Thank God for high sea levels, biologics and sedimentation in the geologic pat.

14 posted on 09/21/2008 3:02:51 PM PDT by onedoug ( Barracuda!)
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To: FARS

Does SNOPES have expertise in discovering hydrocarbons.


15 posted on 09/21/2008 3:14:16 PM PDT by MSF BU (++)
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To: Paladin2

There is even more good news regarding new capabilities to extract heretofore unrecoverable shale gas.


16 posted on 09/21/2008 3:16:06 PM PDT by MSF BU (++)
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To: FARS

USGS estmates 3-4 billion barrels. Not 500 as some investment groups reported.


17 posted on 09/21/2008 3:38:22 PM PDT by TFMcGuire (Either you are an American, or you are a liberal)
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To: MSF BU
There is even more good news regarding new capabilities to extract heretofore unrecoverable shale gas.

This same technology may be used on "old" fields.

Under the old technology, the most that could be recovered is about 30%.

If they can recover another 30% or more, there is a lot of oil to be recovered.

18 posted on 09/21/2008 3:40:30 PM PDT by Dan(9698)
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To: colonel mosby
I would guess that one reason is that certain people don't want us to be energy independent or for our economy to truly flourish.

The Democrat "No Domestic Energy Policy!"

All of that puts the U.S. in a position that war for oil or
complete economic collapse will be our only choices.
You can't frustrate every source of domestic energy
without consequences. Our enemies will blackmail us
to the extent that we are vulnerable to blackmail.

The Democrats are leading us into a real war for oil.
A war we won't have the energy to fight. A war we don't need to fight because we have our own resources.

19 posted on 09/21/2008 3:40:56 PM PDT by TigersEye (This is the age of the death of reason.)
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To: Balding_Eagle

The US is awash in oil. All you need is the political will to go and get it!!!!!!!!!!!!!!!


20 posted on 09/21/2008 3:42:04 PM PDT by Former Proud Canadian (I would spend more time on FR but I have to make sure my tires are inflated.)
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