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Thread: America's Oil Boom..
11-17-2007, 02:32 PM #1
America's Oil Boom..
Little known is the VAST amount of oil that is on the North American
continent in the form of Tar Sands in Canada and Oil Shale in Colorado.
America is now the main customer for Canada's tar sand oil. The U.S.
Gov't is holding Colorado's shale oil in reserve for now. However, the
U.S. shale oil amount is more than the middle east ever had numbering
in the TRILLION'S of barrels of oil to reclaim.
Where this will all wind up is anybodies guess due to the vast sums of
money involved. You can bet the Joe & Jane Averge's of the world will
come out on the fuzzy end.
God alone know how the consumption of this new source of fossil fuels will
affect Global Warming.
Monday, May 1st, 2006
The US Government’s Secret Colorado Oil Discovery
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world - more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. Three companies have been chosen to lead the way. Test drilling has already begun
Five months ago, the U.S. Energy Department announced the results of a land survey
It was conducted to determine the official amount of oil a thousand feet deep in the Rocky Mountains
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.
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.
When asked about America’s least-publicized oil supply, Utah Senator Orrin Hatch said:
“The amounts of oil are staggering. Who would have guessed that in just Colorado and Utah, there is more recoverable oil than in the Middle East?”
Here’s the kicker
The U.S. government already owns the land. It’s been right there under our noses the whole time.
In fact, the government’s appointed a small group of companies to begin the drilling.
Test drilling has already begun.
And the profit forecasts are ridiculous. According to the RAND Corporation (a public-policy think tank for the government), this small region can produce:
Three million barrels of oil per day That translates into more than $20 BILLION a year.
These are the conservative estimates. The U.S. Energy Dept. estimates an eventual output of 10 million barrels of oil per day. At that rate, the money flow would be even greater.
I’ve written this letter to tell you everything I’ve learned about this rarely publicized oil reserve who’s drilling it and how to get a piece of the world’s biggest, untapped oil supply - before it’s too late.
Here’s the full story
The Next American Oil Boom
There’s a new source of oil in the American West.
Today, it sits idle - untapped - inside more than 16,000 square miles of rock and sand.
Geologists call what lies in this region, oil shale.
What is oil shale?
At first glance, oil shale looks like an ordinary black rock.
It feels grainy to the touch and greasy. You see, what’s inside oil shale has huge governments, Big Oil, venture capitalists, and even everyday investors scrambling to stake a claim.
Oil shale - when heated - oozes bubbling crude.
This precious resource is rare - found only in a few select countries. Places like China, Brazil, Estonia, Morocco, and Australia.
But the real story is how much untapped oil shale lies beneath U.S. soil. As the chart to the right indicates, there’s 4-times more oil shale in the U.S. than in all other countries combined.
Over the past 125 years, oil shale has been the secret oil source for a handful of nations. Specifically, those fortunate enough to have it
* China’s been using oil shale since 1929. Today, China is the largest producer of oil from oil shale. It plans to double the daily rate of production soon.
* Estonia is an oil shale dependent economy. Over 90% of the country’s electricity is fueled by shale oil. In fact, electricity run on oil shale is a chief export.
* In 1991, Brazil built the world’s largest oil shale facility. They’ve already produced more than 1.5 MILLION tons of oil to make high quality transportation fuels.
* Jordan, Morocco, and Australia have recently announced plans to utilize their oil shale resources. All 3 governments are currently working to build oil shale facilities.
But all these countries’ oil shale resources pale in comparison to the U.S. supply. As you can see from the table to the right, the United States dominates the oil shale market - with over 72% of the world’s oil shale resources.
Our gargantuan supply of oil lies beneath an area called the Green River Formation - a barren stretch of land covering portions of Colorado, Utah, and Wyoming.
World-renowned geologist Walter Youngquist calls the oil beneath the Green River Formation, “a national treasure.”
Congress calls this area simply, “the next Saudi Arabia.”
It’s easy to see why
This region holds the largest known oil reserve on the planet
Colorado’s Oil Lands - Restricted for 76 Years, Now Open for Drilling
There are over 16,000 square miles of oil shale in the Green River formation…
Each acre holds 2 million barrels of oil - it’s the most concentrated energy source on earth, according to the Energy Department.
The federal government owns 80% of this oil-rich land.
In fact, the government placed protective legislation on this land in 1930, forbidding anyone to touch it.
You see, the government always knew this land was saturated with oil - but getting it out has always been expensive.
Buying oil from foreign countries was always the cheaper bet. It has been for the past 80 years.
Wisely, the government kept the land around for a “rainy day”, protecting it with 1930s legislation.
I’m sure you’re aware of today’s situation at the gas pump. Buying oil from foreign countries has gotten out of hand. The price of oil is sky-high. It’s way too expensive to keep buying foreign oil. In other words, the “rainy day” has finally arrived.
The timing couldn’t be more perfect. Oil shale technologies have begun to advance Âcensored drastically.
Companies are coming up with ways to extract oil from the Green River Formation very cheaply.
For example, one Utah-based company says it can extract the oil for as little as $10 a barrel. In fact dozens of companies have stepped forward with similar claims. With oil prices approaching $70 a barrel Â these are pretty significant breakthroughs.
That’s all the government needed to hear.
On August 8, 2005, President Bush signed into law, a mandate lifting the protective legislation on the Green River Formation.
This mandate is called The Energy Policy Act of 2005. It calls for the opening phases of oil extraction in the Green River Formation Â the world’s most concentrated energy source.
We’re finally ready to tap the largest oil reserve on the planet
11-17-2007, 02:44 PM #2
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