Comments on: 200billion barrel oil field discovered inside United States

By: Ryan

Ryan — Wed, 20 Jan 2010 07:51:13 +0000

By the way, here is the URL to the USGS page on the Bakken formation.

-http://www.usgs.gov/faq/faq.asp?id=1028&category_id=94

By: Ryan

Ryan — Wed, 20 Jan 2010 07:49:21 +0000

Actually Kael, the U.S. Geological Survey contradicts both Next Energy News and your Fact Check article. Their page on the Bakken formation, which is updated every day, says that no one has an exact estimate on the amount of oil that can possibly be extracted from the Bakken formation. So why you can arrogantly call the people on this site retarded because the numbers on the news source they got was wrong when your own source obviously lacks veracity is a complete mystery. Then again, I can’t hold you entirely accountable for it. Fact Check is often mistaken as a reliable final arbitrator for unresolved political bickering by people like yourself who somehow found a way to put their heads all the way up their asses.

By: Skookum

Skookum — Wed, 20 Jan 2010 07:42:41 +0000

Donald, we must remember, if we drill our own oil, Hugo might go bankrupt. Obama must take care of all the Socialist Dictators of the world. Too bad he wants to take care of them with our money. Drill in Alaska, drill in the Dakotas, drill in the Gulf of Mexico, drill off the Coast of California; all this Socialist claptrap has been nothing but a means to cripple this country while promoting the welfare of The Third World. Drill Baby Drill, let the Third World ride donkeys to worship Obama’s buddies.

By: Donald Bly

Donald Bly — Wed, 20 Jan 2010 06:44:33 +0000

@Kael

Man o man that was a long winded post…. wouldn’t it have been easier to say

Drill baby drill! Alaska here we come!

By: Kael

Kael — Wed, 20 Jan 2010 06:10:35 +0000

Hey

RETARDS
………………..who actually believe this site ………..

it was 3 to 4.3 billion barrels….that does NOT EQUAL 200……C’MON PPL THIS IS 1ST GRADE NUMBER LOGIC!!!!!!!!!!!!!!!!!!!!!!!!!!!

& just about everything else a blog throws at you…..

not that i’d expect much from a collection of middle school flunkouts with a 2nd grader’s understanding of algebra which is basically none….

http://www.factcheck.org/2009/03/us-offshore-oil-reserves/

“We’ve received this e-mail from our readers several dozen times, and a Google search for some of its claims turns up hundreds of results. Unfortunately, it is false. It combines and twists several different news stories and studies into a longer tale of sound and fury that ultimately signifies nothing (factually anyway).

The tale begins with an exhortation telling the reader to “go to the bottom of the page and click on the US Government link” for proof of the e-mail’s veracity. Well, we did. And the link to a U.S. Geological Survey press release from April 2008 directly contradicts the e-mail’s main assertion.

The e-mail says that the Bakken Formation oil reserve (which is located in the Dakotas and Montana) “has the potential to eliminate all American dependence on foreign oil” and is estimated to hold 503 billion barrels of oil. That’s not true. It credits the USGS report from 2008 as the source of this information. It’s not.

The glowing language and more optimistic estimates about Bakken quoted in the e-mail can be traced to a 2006 Wall Street Journal story reprinted in the Pittsburgh Post Gazette.

……………………………………..
But the anonymous author of this e-mail omits an important caveat from that story, which said that “the lofty predictions remain unproven, and skeptics remain.”

……………………………………………..

And there was an incomplete USGS draft study of the Bakken from 2000 that included estimates ranging up to 500 billion barrels. But the Energy Information Administration explained in 2006 that it was not peer-reviewed and cautioned readers to wait for the official USGS estimate:

EIA, 2006: A draft study by the late organic geochemist Leigh Price provides estimates ranging from 271 to 503 billion barrels (mean of 413 billion) of potential resources in place. The study represents Dr. Price’s work as it stood at the time of his death in August 2000. It was conducted while he was working for the USGS, but it did not receive a complete scientific peer review by the USGS and was not published as a USGS product. A new assessment of the entire basin, due out in about a year, will provide an updated USGS estimate of the technically recoverable oil resources in the Bakken Formation.

The official estimate, contained in the USGS press release from last year, was a substantially smaller estimate of technically recoverable oil: 3 billion to 4.3 billion barrels.

The e-mail cites James Bartis as a “lead researcher of this study,” but he was actually a RAND researcher who led a different, related study. Bartis wrote a 2006 report on oil shale development and resources in the United States that said “the midpoint in our estimate range, 800 billion barrels, is more than triple the proven oil reserves of Saudi Arabia.” That’s for the entire U.S., not Bakken alone. But Bartis also cautioned that the technology to extract oil from the fields was not yet commercially viable and said that even “under high growth assumptions, an oil shale production level of 1 million barrels per day is probably more than 20 years in the future, and 3 million barrels per day is probably more than 30 years into the future.” Nowhere in his study did Bartis say that Bakken has “more than 2 trillion barrels,” as the e-mail falsely claims.

Snopes.com… reviewed a similar mutation of this e-mail and traced the 2 trillion barrels of oil estimate to a tout sheet from the Stansberry Report Online, a group referenced in the e-mail. Snopes also noted that Stansberry is an investment newsletter trying to sell subscriptions. The Stansberry site appeared to be down when we tried to access it, but the tout sheet was reproduced here.

Snopes ultimatley ruled the e-mail to be a “mixture of true and false information.” We agree. But we’d add that the email’s implication that politicians, environmentalists and the media are preventing oil drilling in the Bakken is decidedly false. The Bakken has already seen drilling and was a principal cause of the recent increase in U.S. proven oil reserves, according to the EIA.

–Justin Bank

Sources
Fialka, John J. “Wildcat producer sparks oil boom on Montana plains.” Wall Street Journal, 5 April 2006.

Press Release. “3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—.” United States Geological Survey Newsroom, 10 April 2008.

USGS Frequently Asked Questions. “What is the time frame to accomplish the retrieval of this oil and gas?” accessed 16 March 2009.

By: Hankster58

Hankster58 — Mon, 09 Nov 2009 04:32:01 +0000

There’s this Bakken area….and we got.. NO ACTION!
Anwar………………………….and we got.. NO ACTION!
Oil Shale/not profitable til 30+ a barrel…NO ACTION!
WORLDS LARGEST COLA RESERVES! ….NO ACTION!

Now to the LEFTIES!! Those beloved TREE HUGGERS!! They do NOT want us to use any of that “nasty” stuff above…. so how about…..

ELECTRIC wind farms??? Green power!! NO ACTION!!
“keep martha’s vineyards view pristine….for the rich lefties….

SOLAR!! YEAH!!! Power plant big enough to help juice So. California! NO ACTION!!
“um, turtles and desert rats habitat may suffer. after all it only takes 20,000 acres of mirrors to do what ONE 20 acre consuming Coal plant would use .. but coal is BAD!! So, no power!!!

Electric cars..YEAH!! THAT’s the ticket!! No pollution!!! um,, yeah, but without the NEW power plant that you stupid jackass LIBERALS won’t let us build… how do you plan to RE-CHARGE em at night??????? Dumbass!!

Ok.. how about Nuclear power plants???? Even the stupid FRENCH have them down to a clean running science!!!! Even our foolish leader says it’s COOL for IRAQ to have nuke power…so…WHY NOT US?!?!?!?!?!

So you see folks,if it’s up to Government, we’ll all freeze or broil to death in the DARK!!! They cannot seem to GET THEIR SHIT together!!!! NOTHING is “good enough”, well other than doing NOTHING!!
And THAT seems to be their plan…. NOTHING!!!!

By: dakotaoilpatch

dakotaoilpatch — Sun, 08 Nov 2009 05:52:31 +0000

the 50% recovery of oil in the bakken is completely unrealistic. the latest estimates are that only 1.5 to 2% of the oil is recoverable. so about 4.3 billion barrels, which is about 7 months of the US consumption. that fiqure is thought to be unrealistic by many in the industry. at the rate that they are drilling now and the production rates, this field will be exhausted in about 12 years.

there is more oil in Colorado (but the enviromental wackos won’t let drilling happen there, and the recovery cost is high) it is in granite formations and is hard to extract.

By: U.S. is smart

U.S. is smart — Wed, 17 Sep 2008 00:39:39 +0000

Whats with the United States look at the stats so much oil is from outside the country but we pump alot as well. Its because we are holding onto all are oil from here and waiting for more country to have a high demand for it and we will be a large exporter of oil like the middle east countrys.

By: Rick

Rick — Tue, 20 May 2008 15:45:23 +0000

I doubt that environmentalists really have more clout in Washington than the oil industry. We hear a lot about tree huggers getting hot over plans to drill on land that was set aside as a wildlife preserve but that doesn’t really stop the industry from drilling new wells elsewhere. Nor does it relate to building new refineries.

By: ssn666hawkbill_75

ssn666hawkbill_75 — Mon, 12 May 2008 15:09:13 +0000

WOW, I spent so much time reading all this and all I got is pretty much the same thing I see on C~SPAN or CNN… We need to do this we need to do that but what I do hear is we need to drill and drill ASAP, even is it takes a few years to see any results… What stands in our way… Millionares, Billionares, tree huggers, spotted owl freaks, moose lovers, and any other land and animal lover out there…. When is a human life compare to an animal, when my 1 month old son needed surgery we had to drive over 100 miles to a children’s hospital… That week I drove that trip over ten times and the amount of gas I used was out of sight, what if that gas was MADE IN THE U.S.A. and right in my back yard, maybe a childrens hospital could have been closer, one paid with the profits of oil companies right here in the US… But no no one wants these in MY BACK YARD or YOU WILL RUIN THE ANIMAL LIFE…. Now think of George Bush, either one, where did they get their money or how about 90% of the political people out there, off of oil, they have own oil properties or had oil stock… Oil goes up, they get money, oil goes down they loose money…. Next time we vote, do alittle research on who you choose to send to Washington…. Next time you vote, think about wheres the closest childrens hospital or cancer hospital or even a food bank then think wheres the closest gas station or count how many SHELL stations there are in your city…. The money that could come from these billions apon billions of US oil could lower taxes, lower fuel for heating, lower food prices, could fund new research for cancer, aids or any other illness, could make more jobs with better pay, could preserve land for animals… There is so much that can come from MADE IN THE U.S.A. oil… We as people just need to do our home work when we vote…..

By: Scott Malensek

Scott Malensek — Sat, 03 May 2008 13:34:17 +0000

Gasoline is $9.51/gal in Netherlands. Clearly, raising the price isn’t going to raise the incentive to make magic Jetson’s cars.

By: daveinboca

daveinboca — Sat, 03 May 2008 13:31:32 +0000

As the price of crude ascends, the economic viability of difficult finds like Bakken increases. I worked for Amoco & the Williston refinery was near the Canadian Leominster facility already tapping into the shale.

But those mean environmentalists who run DC [along with Archer Daniels Midland] won’t allow the US to tap into its crude. They used to call Bob Dole the Senator from ADM. All the corn state senators [about 40] are for ethanol, the biggest scam in the history of the USA, something akin to tulipmania in Holland in the 17th c.

By: tasmodevil44

tasmodevil44 — Fri, 25 Apr 2008 17:46:24 +0000

Every time a large oilfield like the Bakken is found,all these ignorant,science illiterate,factually illiterate conservative rednecks gush enthusiastically that it’s going to last forever.But when you do the math,it’s still only just a stop-gap measure that will keep us supplied only a few more years at current rates of consumption(if the rate doesn’t increase even more).We still need other alternatives like growing renewable industrial hemp or algae grown in algae ponds or whatever.

What ever happenrd to the old-fashioned ingenuity America used to be famoous for? We have all these ignorant naysayers looking for every reason why a new idea will not work instead of brain-storming and problem-solving why it will.

As for “infinite oil” vs “peak oil”,this is pure delusional,wishful thinking. How can it be infinite if the size of the planet itself is finite? Even if the entire planet was a hollow sphere filled with oil(and it’s not.It’s molten iron inside),it would still be finite.

By: tasmodevil44

tasmodevil44 — Fri, 25 Apr 2008 17:27:54 +0000

Not that I care much for liberal Dems like Barack Obama,either.He belongs in the same extremist mental retard category as Rush Limp-brains.I’d rather have either Hillary or a more moderate Republican like McCain for our next Prez than just another extremist cornflake to replace Bush.

By: tasmodevil44

tasmodevil44 — Fri, 25 Apr 2008 17:20:57 +0000

Every time I log onto these websites,it never ceases to amaze me how ignorant,stupid and shallow-minded most of America is.I get tired of all the same old simplistic dogma by both the extreme radical left and right.And when it comes to arrogance,just who do some people think they are to decide who is more hard-working,smarter or productive based solely upon money,priviledge and staus?The next Thomas Edison or Henry Ford to make a great productive contribution to America may be a homeless person who gets discriminated against and treated like a bum based upon mere assumptions instead of open minds.